Which documents are required to verify a Luno Business account?

Certificate of Incorporation/Registration.

Proof of Income Tax Number.

Most recent 3 months bank-issued statements of account clearly showing the business's name, address, and date of issue of the documents.

Proof of Address - If the address of your business’s head office is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains the head office’s physical address, is addressed to the business and is not older than 3 months.

A clear, colour copy of the official government-issued identity document of every director, senior manager, authorised official, the chairman of the board, and all shareholders with 10% or more effective ownership or control of the business.

Proof of residential address for every director, senior manager, authorised official, and shareholder with 10% or more effective ownership or control of the business.

Confirmation of contact particulars (contact number and/or email address) for every director, senior management, authorised official, and shareholder with 10% or more effective ownership or control of the business.

A signed list confirming all shareholders and their respective shareholding, indicated by percentage (%), in the business. Kindly note the following:

• If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 10% or more effective ownership or control of the business.

• The list must be signed by a minimum of two directors (except in the case of a sole directorship, signed by the sole director) or confirmed in the form of a validly issued share certificate(s) along with the most recent share register.

A signed list confirming the Senior Management personnel of the business, eg. Chief Executive Officer, etc. For each person, the list must include the i) full name and ii) ID number or date of birth.

A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;
• It must state that it is a directors’ resolution;
• It must contain the business’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

An executed partnership agreement, signed by all partners.

Certificate of incorporation and/or Articles of association.

Most recent 3 months' bank-issued statements of account clearly showing the name of the partnership, address and date of issue of the documents.

Proof of business address - If the partnership’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the partnership, and is not older than 3 months.

A clear, colour copy of the official government-issued identity document of every partner, executive controller (if any) and authorised official.

A proof of residential address of every partner, executive controller (if any) and authorised official. The proof of address must be in their own name and not more than three months old.

A resolution signed by the partners naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all partners;
• It must state that it is a partners’ resolution;
• It must contain the partnership’s full name;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A certified copy of the trust deed or founding document.

A certified copy of the authorisation, for each trustee to act in that capacity or an official document which reflects these particulars issued in a country where the trust was created.

A signed list confirming all existing beneficiaries with a vested interest in the Trust. Kindly note the following:

• The document must state that it’s a reflection of the beneficiaries of the Trust (full name and reg number to be included).

• It must contain the full name and Identity number for all of the listed persons.

A clear, colour copy of the official government-issued identity document, or certificate of information (if relevant), for the trustees, beneficiaries, settlor, protector (if applicable), and authorised official(s).

Where one of the persons mentioned above is a company we would require:

• Certificate of Incorporation or other such certificates issued by the relevant authority;

• A list of all shareholders and their respective shareholding, indicated by percentage (%); and,

• A colour copy of ID and proof of address of every shareholder with significant control, i.e. natural person with 10% or more effective ownership.

Proof of residential address for the trustees, beneficiaries, settlors, protectors (if applicable), and authorised official(s). The proof of address must be in their own name and not more than three months old.

Most recent 3 months bank-issued statements of account clearly showing the trust’s name, address and date of issue of the documents.

A resolution signed by the trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);
• It must state that it is a trustees’ resolution;
• It must contain the Trust’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”