The data and documents required for the KYC process are based on the Portuguese regulation “Aviso do Banco de Portugal no. 5/2013”. The fields for registering a Submerchant type “Corporate Person” are listed below.
Please note that the information presented is generic and may vary according to the country of the Submerchant or in some specific cases.
The onboarding of Submerchants must be carried out by the Marketplace Operator, via API or manually in SIBS Backoffice. The Acquirer of the solution will have access to all the information and documentation needed for the KYC process also via API or SIBS Backoffice.
General data
- Taxpayer Identification Number (TIN) / Fiscal Number;
- Name
- Short name
- Country
- Address: Location, Zip-code, Country
- Object
- CAE (Business Activity Code) / MCC (Merchant Category Code)
- Turnover (last year)
- Business geographic areas associated with the business
- Telephone
- IBAN
- BIC
Merchant body members information
This information must be entered per each Body Member, if there is more than one.
- Full name
- Date of birth
- Nationality
- Taxpayer Identification Number (TIN)
- Type of identification document
- Number of the identification document
- Issuing entity of the identification document
- Date of issue
- Expiration date
Shareholdings/Voting rights greater than 5% information
This information must be entered per each Holder, if there is more than one.
- Full name
- Date of birth
- Nationality
- Taxpayer Identification Number (TIN)
- Type of identification document
- Number of the identification document
- Issuing entity of the identification document
- Date of issue
- Expiration date
Effective Beneficiary Information
This information must be entered per each Effective Beneficiary, if there is more than one.
- Full name
- Date of birth
- Nationality
- Taxpayer Identification Number (TIN)
- Type of identification document
- Number of the identification document
- Issuing entity of the identification document
- Date of issue
- Expiration date
Effective Beneficiaries must also respond YES or NO to the following three questions:
- Have you held any political or public position in the last 12 months?
- Have any family member holding a political or public position?
- Have any business partnership or commercial partnership who held any political or public position in the last 12 months?
Documents
- Copy of Identification documents
- Central Registry of Effective Beneficiary
- Commercial Register Certificate