Verification for private companies involves submitting required documents and information through a structured process. Follow these steps to complete your company's verification seamlessly.
1. Provide Basic Company Information
Start by filling out your company's core details during the institutional verification process. Required information includes:
- Company name
- Registration number
- Date of incorporation
- Registered office address
- Primary business address (if different from the registered address)
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2. Submit Key Role Details
As part of regulatory due diligence, private companies must disclose identity and address information for key personnel:
- At least one director/manager (e.g., CEO, CFO, COO)
- Company secretary (if applicable)
- Ultimate Beneficial Owner (UBO)
- Authorized account users
- Partners (for partnership structures)
Note: If your company is a partnership with legal entity partners, provide UBO details for those entities.
3. Upload Identification Documents
Submit clear scans or photos of:
- Government-issued ID (front and back; photo page suffices if no back exists).
4. Required Supporting Documents
Prepare and upload the following:
| Document Type | Purpose |
|--------------|---------|
| Certificate of Incorporation / Business Registration | Proof of legal existence |
| Partnership Agreement (if applicable) | Validates partnership terms |
| Memorandum & Articles of Association | Governance framework |
| Register of Directors | Lists company leadership |
| Shareholder Register / Ownership Structure | Demonstrates UBOs (dated within 12 months) |
| Proof of Business Address | Required if differing from registered address |
5. Finalize Verification
Complete and submit:
- A signed Account Opening Authorization Letter (or equivalent board resolution).
All collected data is strictly used for verification. For assistance, contact [email protected].
FAQ Section
Q: How long does private company verification take?
A: Processing typically takes 3–7 business days after submitting all documents.
Q: Can I update UBO details later?
A: Yes, but changes require resubmission and approval.
Q: What if my company lacks a physical office?
A: Provide a virtual office agreement or utility bills under the company’s name.
Q: Are notarized documents mandatory?
A: Only if specified during the review process.
👉 Learn more about compliance requirements