Business structure

During the second step of your KYC process, you need to define the business structure of your company.

SOLE TRADER/INDIVIDUAL
Individual entrepreneurship or proprietorship, type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

REGISTERED COMPANY/BUSINESS (SINGLE OWNER)
Legal entity with a single owner that holds more than 75% of the share of the company.

REGISTERED COMPANY/BUSINESS (MULTIPLE OWNERS)
The legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. There is no shareholder that has more than 51% share of the company.

Updated on June 24, 2020

Was this article helpful?

Related Articles

Leave a Comment

Close Bitnami banner
Bitnami