Registering your business for Paytend services involves a straightforward process that requires submitting specific documentation.
Below, you will find a detailed guide on some of the required documents and their purposes to help you prepare for a smooth registration.
Required Documents for Paytend Registration
| Document | Description | Details |
|
Website Invoice (Proof of domain) |
This document serves as proof of domain ownership. | The invoice for your business's website domain is needed to confirm ownership and control of the digital presence. |
| Company’s Chart (Control Structure) | A visual representation showing the individuals or entities that control the company. | This chart should include all controlling parties, such as owners, major shareholders, and parent companies. It helps in understanding the control and ownership structure of the business. |
| Agreements with Business Partners (Proof of EEA) | Documents proving relationships with business partners within the European Economic Area (EEA). | These agreements can be used as evidence of business operations and partnerships within the EEA, which is crucial for regulatory compliance. |
| Report by Auditor Regarding AML Compliance | A report issued after an examination of your company's procedures for preventing money laundering and terrorist financing. | This document assesses how well the company adheres to relevant Anti-Money Laundering (AML) regulations and is necessary to ensure compliance with financial laws. |
| Business-Wide Risk Assessment | A comprehensive process identifying and evaluating potential risks the company faces, specifically related to financial crime. | This assessment includes both internal and external threats and demonstrates your company’s proactive approach to risk management. |
| Proof of the EEA | Evidence showing the company’s or individual’s connection to the EEA. | For individuals, this can be a residence permit within the EEA. For companies, proof can include agreements with EEA business partners or having a shareholder from the EEA. |
Document Preparation Tips
- Ensure all documents are translated into English if originally in another language.
- Verify the completeness and accuracy of all documents before submission to avoid delays.
- Keep digital copies of all submitted documents for your records.
By following these guidelines and preparing the necessary documents, you can facilitate a smooth and efficient registration process with Paytend services.
If you have any questions or need further assistance, please contact Paytend customer support.