Revolut corporate account for Swiss public limited companies: These documents are required
Introduction
Swiss public limited companies wishing to open a business account with Revolut must provide the bank with various forms of proof. This serves the purpose of identity and legal verification as well as compliance with legal regulations for the prevention of money laundering.
In this blog post, we show which documents are required and how Konsento supports companies in compiling the necessary evidence correctly and efficiently.
Table of contents
- Documents required for opening an account
- Necessary proof of identity and ownership
- Notarial certification: When is it required?
- Konsento: Support for opening an account quickly
- Conclusion
Incorporation documents required for opening an account
The following documents are required for a Swiss public limited company to open or maintain a business account with Revolut:
- Extract from the commercial registerProof of official registration of the company.
- Articles of association of the company: The current articles of association must be submitted.
- Proof of business activityThis can be done through a company website, a contract with a supplier or a sales invoice with a bank statement.
- Proof of business addressA current invoice or rental contract is required.
Necessary proof of identity and ownership
In addition to the above-mentioned company documents, information on shareholders, beneficial owners and authorized signatories must be provided:
- Share LedgerRevolut requires a complete list of current shareholders, regardless of whether they are natural persons or legal entities.
- Register of beneficial ownersFurthermore, Revolut must be provided with a list of persons who are beneficial owners of 25% more of the share capital or voting rights or otherwise exercise a significant influence.
- Proof of identityBeneficial owners, board members or any other person with signing authority must verify their identity. This is done by taking a video selfie in conjunction with a national ID card or residence permit directly via the Revolut application.
Notarial certification: When is it required?
Notarization may be required for certain documents:
- Ownership structureBecause the share register and the register of beneficial ownership are not publicly accessible and verifiable, they must be certified by a notary.
- Proof of power of representationIf a person who is not entered in the commercial register as an authorized signatory wishes to open the account, this person's power of representation must also be certified by a notary public.
Konsento: Support for opening an account quickly
To make it easier to open an account with Revolut, Konsento offers the following services at a fixed price of CHF 100.00:
- Automated compliant share ledger for simple management of the shareholder structureThis is up to 150 shareholders free of charge.
- Recording and reporting of beneficial ownership by the shareholder via the personal investor profile.
- Representation of 25 % thresholds the economic justification for a clear overview.
- Simple export of share registers and the register of beneficial ownersto provide the required documents directly.
- Online Notarization by a Swiss notary for share registers, notifications of beneficial owners and, if applicable, powers of representation.
Conclusion
Opening a business account with Revolut requires careful compilation of the relevant documents. In particular, identifying the beneficial owners and notarization can present challenges.
Konsento helps public limited companies to manage these documents efficiently and provide them quickly - for an uncomplicated account opening with Revolut.
Would you like to open your business account with Revolut as easily as possible? Register now with Konsento and benefit from our digital solutions!
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