Revolut corporate account for Swiss stock companies: These proofs are required

Introduction

Swiss stock companies that want to open a business account with Revolut must provide various proofs to the bank. This is used for identity and legal verification and compliance with legal regulations to prevent money laundering.

In this blog post, we show which documents are required and how Konsento helps companies compile the necessary evidence correctly and efficiently.

Table of contents

1. Documents required to open an account
2. Necessary proof of identity and ownership
3. Notarization: When is it required?
4. Konsento: Support for quick account opening
5. conclusion

Founding documents required to open an account

In order for a Swiss public company to open or maintain a business account with Revolut, the following documents are required:

• Excerpt from the commercial register: Proof of official registration of the company.
• Statutes of the company: The current statutes must be submitted.
• Evidence of business activity: This can be done through a company website, a contract with a supplier, or a sales invoice with an account statement.
• Proof of business address: A current invoice or rental agreement is required.

Necessary proof of identity and ownership

In addition to the above corporate documents, information on shareholders, beneficial owners and signatories must be provided:

• share register: Revolut requires a complete list of current shareholders, regardless of whether they are individuals or legal entities.
• Register of beneficial owners: Revolut must also submit a list of persons who have beneficial rights with 25% more in share capital or voting rights or otherwise exercise significant influence.
• identity documents: Beneficial owners, boards of directors, or another person with signing authority must verify their identity. This is done by taking a video selfie in conjunction with a national ID or residence permit directly via the Revolut application.

Notarization: When is it required?

Notarization may be required for certain documents:

• Ownership structure: Because the share register and the register of economic rights cannot be publicly viewed and verified, they must be certified by a notary.
• Evidence of authority to represent: If a person who is not registered in the commercial register as an authorised signatory wishes to open the account, this person's power of attorney must also be certified by a document.

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Konsento: Support for quick account opening

To make it easier to open an account with Revolut, Konsento offers the following services at a fixed price of CHF 100.00:

• Legally compliant share register for easy management of the shareholder structure; this is up to 150 shareholders free of charge.
• Recording and reporting of economic eligibility by the shareholder via the personal investor profile.
• Presentation of 25% thresholds economic justification for a clear overview.
• Easy export of share registers and the register of beneficial ownersto provide the required documents directly.
• Online Certification by a Swiss notary for share registers, reports by beneficial parties and, if applicable, powers of attorney.

Conclusion

Opening a business account with Revolut requires careful compilation of relevant documents. In particular, identification of beneficial owners and notarization can pose challenges.

Konsento helps public companies efficiently manage and quickly provide these proofs — making it easy to open an account with Revolut.

Would you like to open your Revolut business account as easily as possible? Sign up for Konsento now and benefit from our digital solutions!

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