According to the Regulation of the National Bank of Ukraine of July 28, 2020 N 107 "On prevention and countermeasures against legalization (laundering) of income received
criminal means, financing of terrorism and financing of arms proliferation of mass destruction" the subject of primary financial monitoring must carry out a proper inspection of the business entity.
This requirement is mandatory for all banks and payment systems.
Documents provided for FOP/IP (individual proprietor):
- Statement (excerpt from the Unified State Register)
- copies of passport pages with a photo and the date of pasting the photo (including at the age of 25 and 45), a page with a residence permit.
- or copies of both sides of the ID card and copies of the certificate of residence registration (if available)
- a copy of the ITN (Individual Taxpayer Number)
- financial reporting (tax declaration + receipt No. 2) for FOPs created before 2022 (FOPs 2022 are newly created, fin/reporting is not submitted)
- requisites;
List of documents for LLC (TOV):
- a copy of the Statute/Constitutional Agreement or Description, where the code for obtaining the document is indicated on the website of the Ministry of Justice of Ukraine
- copies of passport, ITN (Individual Taxpayer Number) of the manager with signature and full name
- copies of documents confirming the authority of the responsible person: protocol/decision of the higher management body and order on the election (appointment) of the manager, power of attorney
- copies of financial statements (balance sheet, report on financial results) for the previous reporting year with receipt #2 from the STI (State Tax Inspectorate)
or a note of receipt by the responsible body
- a copy of the extract from the Unified State Register
- copies of documents confirming the right to carry out certain types of activities (licenses, permits, certificates)
- requisites;
- the ownership structure of the enterprise;
- if the ownership structure includes enterprises registered in risky jurisdictions, it is necessary to provide certificates (documents confirming the organizational legal form of the legal entity, legal status of the legal entity, location, powers of representatives, management bodies, ownership structure (list of shareholders, participants) and ultimate beneficial owners of a legal entity)
If there are trusts in the ownership structure, trust declarations/agreements must be provided.
Official documents must contain an apostille affixed by the competent authority of the respective state no later than 6 weeks before the documents are presented to the bank. Documents drawn up in a foreign language must be accompanied by a translation into Ukrainian (the authenticity of the translator's signature is notarized).
- if legal entity (owners, managers, the ultimate beneficial owner) are US tax residents, US citizens, etc., form W-8BEN-E must be provided. In addition, this form is filled out in the presence of high-risk/forbidden NACE codes.
At first glance, the list is voluminous, but in practice, collecting a package of documents is very simple and does not take a lot of time. In addition, Recycle's personal managers will gladly help you in this and provide the necessary advice.