Required Documents
Learn which documents are required to onboard businesses and individuals registered in the European Union (NL).
Corporate customers
Below documents required for both manual KYB and electronic KYB (eKYB), based on the business entity type.
| Business Type | Document Type (Manual KYB) | Document Type (eKYB) |
|---|---|---|
| ASSOCIATION | ASSOCIATION_DEED | ASSOCIATION_DEED |
| GOVERNMENT_ENTITY / SOLE_TRADER | BUSINESS_REGISTRATION_DOC | N/A |
| LIMITED_LIABILITY_PARTNERSHIP | PARTNERSHIP_DEED | PARTNERSHIP_DEED |
| PUBLIC_COMPANY / PRIVATE_COMPANY | BUSINESS_REGISTRATION_DOC / REGISTER_OF_DIRECTORS / REGISTER_OF_SHAREHOLDERS | N/A |
| TRUST | TRUST_DEED | TRUST_DEED |
For a complete list of business document types, see the values obtained from Fetch corporate constants API with category as documentType.
Additional business documents
Submit the following documents when applicable:
REGISTER_OF_DIRECTORS and REGISTER_OF_SHAREHOLDERS
Provide this document if the business registration document does not include a list of directors or shareholders. For faster approval, submit notarized copies.
When using eKYB:
- Include this document if a new director or shareholder is added who isn’t in the stakeholder list returned by the Fetch Public Corporate Details endpoint.
- If omitted, Nium will raise a Request for Information (RFI).
PROOF_OF_BUSINESS
Submit this document if no website is provided. It helps Nium verify the customer’s business activity. Accepted documents include:
- Product catalog, brochure, marketing material, or business plan (preferred).
- Contract, business agreement, or vendor agreement.
- Photo of a physical store.
- Invoice describing business operations, issued within the last year not preferred.
CORPORATE_STRUCTURE (Ownership Structure)
Submit this document if the company has multiple ownership layers. It should include the names and share percentages of all shareholders to identify the ultimate beneficial owner (UBO).
- See Verifying Your Business in EU for an example template.
- For a complete list of accepted document types, see Corporate Constants.
POWER_OF_ATTORNEY (Letter of Authorization)
Provide POWER_OF_ATTORNEY, if the applicant is not a director
Identity Verification documents
Nium support Biometric and Manual KYC verification depending on the individual. Applicant to complete the KYC on Pre-build KYC form
Available verification options:
| Individual type | Biometric | Manual |
|---|---|---|
| Applicant (or individual customer) | Yes | No |
| Stakeholder (Representative/ Signatory) | Yes | No |
| Stakeholder (UBO/ Trustee/ Partner) | Yes (preferred) | Yes |
Biomentric Verification
Submit:
- A live selfie with a passport (for non-EU citizens) or passport/ national ID (for EU citizens).
Manual Verification
Upload in Pre-built KYC form:
- A color copy of a valid passport or national ID (black-and-white copies are not accepted).
All manual KYC documents undergo fraud checks. If Nium cannot verify authenticity, an RFI will be raised.
For othere references, see: