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Required Documents

This page outlines the documents required for stakeholders, applicants, and various business types to onboard a corporate customer registered in the United Kingdom.

Business details

The following table lists the required document types for both verification types for all business entity types.

businessTypeManual KYBeKYB
ASSOCIATIONASSOCIATION_DEED-
GOVERNMENT_ENTITYBUSINESS_REGISTRATION_DOC-
LIMITED_LIABILITY_PARTNERSHIPPARTNERSHIP_DEEDPARTNERSHIP_DEED
PRIVATE_COMPANYBUSINESS_REGISTRATION_DOC-
PUBLIC_COMPANYBUSINESS_REGISTRATION_DOC-
SOLE_TRADERBUSINESS_REGISTRATION_DOC-
TRUSTTRUST_DEEDTRUST_DEED
UNINCORP_PARTNERSHIPPARTNERSHIP_DEEDPARTNERSHIP_DEED

Additional Business Documents

  • PROOF_OF_BUSINESS: Required if the business does not have a website. Submit any document that helps validate the customer’s business operations. Acceptable documents include:

    • Product catalogues, company brochures, marketing materials, or a detailed business plan. Preferred
    • Contracts, business agreements, or vendor agreements.
    • Photos of the physical store (for brick-and-mortar businesses).
    • Invoices clearly describing business activities, issued within the past year. Not preferred
  • Corporate Structure (Ownership Structure): Required if the customer is a multi-layered company. See Multi-layered Ownership Structure for details on identifying multi-layered entities.

The corporate structure document can be prepared by the customer and must list all shareholders with their respective ownership percentages to help identify the ultimate beneficial owner (UBO).

  • You can use your own format or a similar template.
  • Use documentType CORPORATE_STRUCTURE when submitting an ownership structure.
Ownership Chart

For a complete list of business document types, see the values obtained from Fetch corporate constantsAPI with fieldName as documentType.

Stakeholders

Stakeholder with positions including SIGNATORY, REPRESENTATIVE, UBO, TRUSTEE, PARTNER,MEMBER require KYC have the following choices:

  • UK residents need to use the KYC mode E_KYC.
  • For non-residents pass kycMode as E_DOC_VERIFY or MANUAL_KYC based on the stakeholder's preference.

E_KYC

No documents are required for E_KYC.

E_DOC_VERIFY

Documents to be uploaded in Onfido formDocuments to be supported via Nium's API
Live Selfie with Passport/National ID/Driver's License and Proof of Address to be submitted in the form presented by Onfido (eDoc verification vendor)SOURCE_OF_WEALTH in case stakeholder is a politically exposed person (PEP).

MANUAL_KYC

Every individual stakeholder needs to submit proof of address and proof of identity when kycMode = MANUAL_KYC. The following information needs to be submitted for proof of identity.

note
  • Even if the document used for proof of identity contains an address , you need to submit an additional proof of address. Acceptable document for PROOF_OF_ADDRESS which can verify the address with documentType PROOF_OF_ADDRESS.
  • If this additional document is not submitted, Nium, will raise an RFI for stakeholderAddress to which you can submit the additional document via the Respond to RFI request.
Field namePassportNational IDDriver licenseProof of Address
documentTypePASSPORTNATIONAL_IDDRIVER_LICENSEPROOF_OF_ADDRESS
documentNumberYes (Passport number)YesYesNo
documentIssuanceCountryYesYesYesNo
documentExpiryDateYesNoYesNo
document.fileNameYesYesYesYes
document.fileTypeYesYesYesYes
document.documentYesYesYesYes

NOTE: Photocopies or scanned documents in black-and-white are not accepted for Passport, National ID, or Driver's License.

Additional Stakeholder Documents

Additional stakeholder documents may be requested as part of the onboarding process.

Source of wealth

If any shareholder is a Politically Exposed Person (isPEP = Yes), a SOURCE_OF_WEALTH document must be submitted for that individual.

A Source of Wealth document helps verify the origin and means of a person’s accumulated wealth used to establish and operate a business.
Provide a written explanation supported by documentation that confirms the legitimacy of the customer’s funds.

Acceptable documents include:

  • Personal or joint savings (bank statements)
  • Employment income (salaries, bonuses, pensions)
  • Loan or contract agreements
  • Sale of assets (for example, real estate or shares)
  • Inheritances or family wealth transfers
  • Compensation from legal settlements
  • Profits from legitimate business or investments
  • Ownership of businesses or investment returns
  • Other documents evidencing the customer’s funds or wealth

Control person declaration

Submit a CONTROL_PERSON_DECLARATION if no individual owns 25% or more of the business (directly or indirectly).

To submit a CONTROL_PERSON_DECLARATION, Identify the control person and provide a signed declaration.

See the Control Person Declaration Template for reference.

Proof of address

A PROOF_OF_ADDRESS document may also be submitted.
Acceptable documents differ for individual stakeholders/applicants and businesses.

Individual Stakeholder or ApplicantBusiness Details
  • Utility bills (gas, electric, internet, phone)
  • Financial records (bank or mortgage statement)
  • Insurance statements (life, health, auto, home, boat)
  • Medical records (doctor, hospital, or clinic)
  • Pay slips
  • Government-issued letters
  • Driver’s license (if not used as proof of identity)
  • Utility bills (gas, electric, internet, phone)
  • Financial records (bank or mortgage statement)
  • Government-issued letters
note

All Proof of Address documents must be issued within the last 90 days at the time of submission.

Applicant

The following table lists the required documents submitted either electronically or manually.

API Documents**Onfido Documents
Power of Attorney if the applicant is not a DIRECTOR, UBO, PARTNER, TRUSTEE, or MEMBER. Also include SOURCE_OF_WEALTH if the applicant is a PEP.Live selfie with passport, national ID, or driver’s license, submitted through Onfido (e-document verification vendor).

The following table lists the fields required for each document type to complete the E_DOC_VERIFY process.

Field Name**Power of Attorney (if applicant is not a DIRECTOR, UBO, PARTNER, TRUSTEE, or MEMBER)Source of Wealth
documentTypePOWER_OF_ATTORNEYSOURCE_OF_WEALTH
document.documentYesYes

Additional applicant documents

For a complete list of personal document types, use the Fetch Corporate Constants request with fieldName set to documentType.