What documents are required to complete my KYC/KYB process?

Individuals need to show their government issued photo ID and proof of address, whereas businesses need to show documents which may include incorporation certificate, UBO, AOA/MOA, operating licenses, etc.

Tazapay has developed a robust Customer Verification Process that will be used to independently verify client information.

For KYC, Tazapay will request documents from the individual such as:

  • A valid government-issued photo ID that contains the following information: Full Name, Nationality and Date of Birth
  • Proof of address such as a bank statement, utility bill dated within the last 6 months

For KYB, Tazapay will request for:

  • Business registration documents.
  • Document displaying the share ownership and list of director(s) and officer(s).
  • Operating address proof dated within the last 6 months (bank and government letter, utility and telecom bill, tenancy agreement etc)
  • IDs of all Ultimate beneficial owners (UBO) who ultimately hold 25% or more shares
  • IDs of all directors
  • Authorised representative ID and Proof of address
  • Website of the business entity

If you are a sole proprietorship, we would require:

  • government-issued photo ID and proof of address of the sole proprietorship;
  • Operating address proof
  • Valid business registry document
  • Trading name (if any)

We may request additional documents on a case-by-case basis.

It is advisable to upload the required documents at the time of onboarding to expedite the onboarding process.