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Bitnob Business KYB and KYC Requirements
Bitnob Business KYB and KYC Requirements
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Written by Berlin
Updated over 2 years ago

Bitnob For Business

Bitnob’s mission is to connect Africans and African businesses to the bitcoin blockchain. Bitcoin for business is

focused on achieving this for businesses. The goal is to instantly make any business global by offering them the

tool to accept and manage payments from anywhere using bitcoin or stable coins.

Compliance

As part of our AML/BSA policy, a Know Your Business process is to be implemented to verify our

customers and ensure our platform is not used for money laundering and terrorist financing.

The following captures the breakdown of documents we will require from businesses based on their location.

Country

Individual

Businesses

NGOs

Nigeria

Valid means of ID, Bank Verification Number, Web URL/Social Media page, Residential address, personal bank account details, Estimated Monthly Sales

Certificate of Incorporation, CAC 2 and CAC 7 or Status report from CAC, certified MEMART, Directors’ IDs & BVN, Corporate Bank Account statement, Operational Business Address, Verifiable website URL showing business

activities, Operating License (where business is regulated), Estimated Monthly Sales

Complete CAC Documents, Trustees’ Names, IDs & BVN, Corporate Bank Account statement, Operational Business Address, Verifiable website URL (where required), Constitution/Memorandum of Guidance, SCUML Certificate.

Ghana

Valid means of ID, Web URL/Social Media page, Residential address, personal bank account details, Estimated Monthly Sales

Incorporation Documents, Directors’ Names, IDs, Corporate Bank Account statement, Operational

Business Address, Verifiable website URL (where required), Operating, License (where business is regulated, Estimated Monthly Sales.

Incorporation Documents, Trustees’ Names, IDs, Corporate Bank Account statement, Operational Business Address, Verifiable website URL (where required), and Operating License (where business is regulated).

Uganda

National I.D. Cards (both sides), Driving License or International passport, Bank reference letter, other requirements; Verifiable website URL or social media website, Business profile, Business Physical Address

Incorporation Documents, CR12 not older than 90days, Company KRA Pin certificate, I.D. Card (both sides) or international passport - for all directors, A cancelled cheque or Bank reference letter (corporate account statement), A verifiable website URL, Business profile detailing your nature of business, Business physical address

Certificate of Registration signed letter on letter head from NGO Board confirming Registration and existence including officials, Corporate Bank statement, Constitution/of Nominated Trustees, KRA PIN of Trustees, Valid IDs of Trustees (Certified True copies), Operational Address, Bank Reference Letter/ Voided Check.

South Africa

Copy of ID document (SA Citizens) / Passport (Foreign Nationals), Proof of residential address – must reflect name of the person signing up, Copy of SARS document confirming income tax number, Copy of bank document confirming individual banking details

- account name must match the name of the business being signed up, Work permit/authorization to earn income in SA (Foreign Nationals), Operating license (if licensed business activity), Source of funds, Verifiable URL /social media page

Company CIPC registration documents, Proof of business address, Copy of SARS document confirming Income tax / VAT registration number for the company, Resolution on company letterhead signed by all directors nominating authorized signatory/representative, Company shareholding structure, Resolution on who is the signatory/ representative, Copy of bank statement confirming company banking details, Copy of ID of authorized signatory/representative and/or CEO, each director, Verifiable URL, phone number, detailed business description and email address (business requirements)

Copy of document confirming list of all individuals who exercise control over the entity (constitution or similar founding document), Resolution signed by all individuals who exercise control over the entity nominating authorized signatory /

representative, Proof of physical address for the entity, Copy of SARS document confirming Income tax / VAT registration number for the entity, Purpose, founding values and beneficiaries of organization, Copy of bank statement confirming banking details of partnership account

For the authorized signatory/representative and each member or partner, we require the following:

-Copy of ID

-Proof of residential address.

Source of funds, Verifiable URL, phone number, detailed business description and email address (business requirements)

Rwanda

I.D. Cards (both sides) or international passport, Operating Licence (If applicable, Bank reference letter confirming Bank account details

Other requirements.

- Verifiable website URL or social media website

- Business profile Business physical Address

RDB Certificate of Incorporation, RDB Full registration information of the company, RRA Pin certificate, Directors I.D. Cards (both sides) or international passport, Bank reference letter confirming Bank account or corporate bank account statement

Other requirements.

-Operating License (If applicable)

-Verifiable website URL

-Business profile

-Business Physical Address

Certificate of Registration signed letter on letterhead from NGO Board confirming Registration and existence including officials, Corporate Bank Details, Constitution/of Nominated Trustees, Valid IDs of Trustees (Certified True copies), Operational Address, Bank Reference Letter/ Voided Check

Cameroon

Valid Identity Card (for Nationals), Valid Passport and Resident Permit for Foreign Nationals, Taxpayers / NIU card, Localization Plan, Contact details

Contract duly completed, signed and stamped (If we have one); Fill, sign and stamp the KYC form, Articles of Association, Certificate of Non-Indebtedness, incorporation documents of the company, ID of manager, Taxpayer’s Card, Bank domiciliation, and Corporate Bank Statement, Attestation of location & Location plan, Letter naming manager if different from that in statutes, Business license

NIL

Tanzania

I.D. Cards (both sides) or international passport, bank reference letter, Operating license (if applicable),

Other requirements.

-Verifiable website URL or social media website

-Business profile

-Business Physical Address

Incorporation documents of the company, Company Tax certificate, Certified Memorandum and articles of association, Directors Driving License, National I.D. Cards (both sides) or international passport, a bank reference letter or Corporate Bank Statement.

Other requirements.

-Operating license (if applicable)

-Verifiable website URL

-Business profile

-Business Physical Address

Business registration certificate, Tax certificate, Driving License, National

I.D. Cards (both sides) or international passport, A cancelled cheque or a bank reference letter, Operating license (if applicable)

Other requirements.

-Verifiable website URL or social media website

-Business profile

-Business Physical Address

Certificate of Registration, Certificate of Compliance, A stamped or sealed Board resolution letter signed by directors of the NGO, Directors I.D. Cards (both sides) or international passport, a Bank reference letter confirming Bank account details or s Corporate Account Statement, Verifiable website URL

Kenya

I.D. Card (both sides) or international passport, KRA Pin certificate, A cancelled cheque or Bank reference letter, A verifiable website URL, Business profile detailing your nature of business, Business physical address

Incorporation Documents

CR12 not older than 90days, Company KRA Pin certificate, I.D. Card (both sides) or international passport - for all directors, A cancelled cheque or Bank reference letter (Corporate Account details), a verifiable website URL, Business profile detailing your nature of business, Business physical address

Certificate of Registration signed letter on letter head from NGO Board confirming Registration and existence including officials, Corporate Bank Details, Constitution/of Nominated Trustees, KRA PIN of Trustees, Valid IDs of Trustees (Certified True copies), Operational Address, Bank Reference Letter/ Voided Check.

Zambia

Valid means of ID, Web URL/Social Media page, Residential address, Personal bank account statement

Incorporation documents of the company, ZRA tax registration, Articles of Association, Director ID / Passport, Bank statement in the name of the company, Website URL

Certification of Incorporation of the company & Constitution, ZRA tax registration, signed letter on letterhead from NGO Board confirming Registration and existence including officials, Trustees IDs / International Passport, Bank statement in the name of the NGO.

United Kingdom

Valid means of ID, Web URL/Social Media page, Residential address, Personal bank account details.

Incorporation Documents, Directors’ Names, IDs, Corporate Bank Account Statement, Operational Business Address, Verifiable website URL (where required), Operating License (where business is regulated, Estimated Monthly Sales

Incorporation Documents, Directors’ Names, IDs, Corporate Bank Account Statement, Operational Business Address, Verifiable website URL (where required), Operating License (where business is regulated, Estimated Monthly Sales

Other parts of the world

Valid means of ID, Web URL/Social Media page, Residential address, Personal bank account details.

Incorporation Documents, Directors’ IDs, Corporate Bank Account Statement and Bank Reference Letter, Operational Business Address, Verifiable website URL (where required), Operating License (where business is regulated, Estimated Monthly Sales

NIL

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