How Long Will It Take to Complete the KYB Process? | Rampnow Verification Guide

How Long Will It Take to Complete the KYB Process?

This article provides guidance on completing the KYB (Know Your Business) process for your company.

KYB Verification Process

To complete the KYB process, your company will need to fill out questionnaires and provide specific documents for verification. These include:

  1. Record of Compliance:

    • Details the key individuals in charge, such as directors and other significant persons.
    • Includes validated signatures and IDs of these individuals.

  2. Company Registration Certificate:

    • Official documentation proving your company's registration with the government.

  3. Memorandum of Association:

    • A foundational document outlining the company's goals, structure, and interactions with shareholders and other entities.

KYC Verification Process for Company’s Beneficiaries

Each beneficiary who owns 25% or more of the company must complete the KYC process. Here’s what they need to provide:

  1. Personal Information:

    • Full legal name, nationality, and current address.

  2. Valid ID:

    • A government-issued ID such as a passport, driver’s license, or state ID.

  3. Proof of Address:

    • A recent official bank statement, utility bill, or tax return that verifies their address.

Note:

  • Ensure that all documents for the KYB/KYC process are recent and dated within the last 3 months. Incomplete, invalid, or expired documents will not be accepted. Additionally, only original documents will be accepted—no photocopies.


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