Business verification (KYB) is a company's compliance process. We verify the legal entity by gathering essential business data and identifying its ultimate beneficial owners.
Sumsub does not specify which documents, regions, and data are acceptable, or any other verification conditions. The companies you verify for determine these based on local regulations and internal policies.
The default requirements are listed below.
Verification steps
Company information
Provide the information about the company:
Country
Company name
CRN (registration number)
Company email
Company documents
Company documents may be requested to confirm the following details:
Legal presence
Company details
Ownership structure
Control structure
Representatives authorization
Associated parties of your company
Provide data about associated parties, such as: UBOs, shareholders, representatives, directors, company officers, secretaries, founders, investors, legal advisers, authorized signatories, trustees, beneficiaries, settlors, protectors.
Usually, this step requires the following:
Personal data of associated parties (full name, date of birth, email/phone number)
KYC - all associated parties must pass identity verification
You can skip an associated party step in case if they cannot be identified.
Finishing business verification
Review the provided data, submit it, and wait for the system response.
