When you apply for a Stables business account, we’ll need to verify both the legal entity (the company) and the persons behind it (directors, beneficial owners, signatories).
The exact requirements may vary by jurisdiction and risk profile, but here is the standard document list:
1. Company / Legal Entity Documents
Certificate of Incorporation / Registration (showing the entity is legally formed)
Articles of Association / Memorandum of Association (or equivalent constitutional documents)
Official business registry extract (showing current status, directors, etc)
Proof of business address (e.g., utility bill, lease agreement, registered office certificate)
Tax Identification Number (TIN, VAT ID, or equivalent) and/or recent tax return or certification
2. Ownership & Control Structure
Shareholder register or list of ultimate beneficial owners (UBOs) showing who owns ≥ 25% or otherwise controls the entity
A declaration of the structure of the company (subsidiaries, parent company, trusts)
ID documents of UBOs (passport or national ID) and proof of address for each UBO
3. Key Individual Documents (Directors / Beneficial Owners / Signatories)
Government-issued photo ID (passport, national ID card)
Proof of residential address (utility bill, bank statement not older than e.g., 3 months)
Selfie or liveness check (in applicable jurisdictions)
For signatories: evidence of authority (board resolution or power of attorney showing they are authorized to act)
4. Business Activity / Financial Information
A description of the business and its primary activity (nature of business, target markets, expected transaction flows)
Recent bank statements (last 3–6 months) or transaction history if available
Annual financial statements or management accounts (if applicable)
Source of funds / anticipated volume of transactions (to assess risk)
5. Additional / Jurisdiction-Specific Items
If company operates in or is registered in a high-risk jurisdiction, additional due diligence may apply (enhanced checks)
If opening local payment rails (for example ACH in the US, SEPA in EU, local bank accounts) then additional proof may be required (e.g., local bank account statement, local regulatory licence)
Risk-based documentation checks depending on business model, industry (e.g., crypto/fintech)