Open an account with ValutaPartners
At ValutaPartners, we are committed to transparency and security. To meet regulatory obligations and reduce the risk of fraudulent activities, our partner Currencycloud performs a Know Your Customer (KYC) check on all new clients.
Onboarding
What do we need?
Below you will find all the information and documents required for both businesses and individuals to open an account with ValutaPartners.
Identification
We verify your identity and company details using official documents.
Purpose & activities
We map out the purpose of your account and your business activities.
Verification & approval
After reviewing all documents, your account will be activated.
Businesses
For businesses
We need the following information to identify and verify your company.
Company identification
Registered name, trading name (if applicable), company number, registered address and trading address. Typically, a Chamber of Commerce extract will suffice.
Purpose of the account
We need a clear understanding of the purpose for which the account will be used. Whether it concerns business activities, invoice payments, repatriation of foreign income, and so on. Please be as detailed as possible.
Business activities
We need to understand your company's activities and the products or services you offer. Accepted sources: website, invoices, product list, marketing materials.
Personal identification
We are required to verify the identity of all our clients. For business clients, this means we must verify at least two directors with a valid proof of identity.
Company finances
It is essential to ensure that clients have available funds. Accepted documents: annual accounts (profit & loss statement and balance sheet), company bank statement. Dated within the last 3 months.
Source of funds
We are required to collect information to understand and confirm or verify the source of funds and wealth of our clients. Think of proof of investment, new business deals or shareholder funds.
Ultimate Beneficial Owners
We are obliged to fully identify the ultimate beneficial owners and controllers of your company. The ownership percentage we verify is up to 10%. Accepted: shareholder register, structure diagram.
Individuals
For individuals
We need the following information to identify and verify you.
Purpose of the account
We need a clear understanding of the purpose for which the account will be used. Whether it concerns repatriation of foreign income, purchase or sale of real estate, or other investments.
Personal identification
We are required to verify the identity of all our clients. We need one valid proof of identity (passport, driving licence, national ID card) and one valid proof of residential address.
Proof of address
Accepted documents: utility bill, bank statement, credit card statement, council tax letter, mortgage statement, residence permits or driving licence. Dated within the last 3 months.
Source of funds and wealth
Accepted documents: proof of salary/employment income (payslips), proof of sale of investments/property, proof of inheritance, proof of pension, proof of investment income.
Permitted jurisdictions
ValutaPartners, in partnership with Currencycloud, accepts clients and funds based in the following jurisdictions:
Åland Islands, Australia, Austria, Belgium, Bulgaria, Canada, Cayman Islands, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hong Kong, Hungary, Iceland, India, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Monaco, Netherlands, New Zealand, Norway, Poland, Portugal, Réunion, Romania, Saint Martin (French part), Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Switzerland, Taiwan, United Kingdom, United States of America
Prohibited jurisdictions
There are some countries with which ValutaPartners, in partnership with Currencycloud, does not conduct business (including payments):
Cuba, Iran (Islamic Republic of), Libya, Korea (Democratic People's Republic of), South Sudan, Sudan, Syria
Opening an account is free and without obligation
You receive a fixed exchange rate margin on the wholesale exchange rate and pay no transaction fees.