Business Verification Journey
Business verification (KYB) is a company's compliance process. We verify the legal entity, gathering all essential data about the business and identifying its ultimate beneficial owners.
Sumsub does not define which data or documents are required, which regions are supported, or any other verification conditions. These are determined by the companies you verify for, based on their local regulations and internal policies.
Verification steps
Company information
Provide the information about the company:
- Country
- Company name
- CRN (registration number)
- Company email
Company documents
Company documents may be requested to confirm the following details:
- Legal presence
- Company details
- Ownership structure
- Control structure
- Representatives authorization
Associated parties of your company
Provide data about associated parties, such as: UBOs, shareholders, representatives, directors, company officers, secretaries, founders, investors, legal advisers, authorized signatories, trustees, beneficiaries, settlors, protectors.
Usually, this step requires the following:
- Personal data of associated parties (full name, date of birth, email/phone number)
- KYC - all associated parties must pass identity verification
You can skip an associated party step in case if they cannot be identified.
Finishing business verification
Review the provided data, submit it, and wait for the system response.
