Important! Before submitting a corporate application, the Master Authorised Representative’s (MAR) ID should already be verified. If you are using ConnectPay’s IDV provider, the process can be found here; if you are using your IDV provider, please follow the instructions here.
Steps how to open a restricted corporate client account:
- ConnectPay requires you to provide with the identity verification information for the company’s Master Authorized Representative (MAR). Before providing client data, you must get approved IDV and ConnectPay personId for MAR. The personId indicates that the person’s identity was verified.
- ConnectPay requires you to provide supporting documents for corporate clients. Before providing client data, you need to upload all required documents and get
fileIdfor each. - The Platform needs to call the endpoint POST Initiate Business application and submit all required data about the client:
- ConnectPay requires every account to have at least one Master Authorized Representative, one Ultimate Beneficial Owner, and one Director. Please provide all current Ultimate Beneficial Owners and Directors (one individual can fulfill multiple roles):
- Ultimate Beneficial Owner(s) (UBOs), nominee shareholder:
- All UBOs owning 25% or more of the company must be added.
- All controlling stakeholders* (regardless of the % ownership) have to be added.
- If the company is owned in a structure involving a nominee shareholder, which either owns 25% or more of the company or has a controlling stake* in the company, please complete this form for all people involved, including the settlors, trustees, beneficiaries, directors, shareholders, and fiduciaries or equivalent positions.
- *A controlling stakeholder is an individual (or trust or other) with a controlling vote or veto vote.
- Board of directors
- Ultimate Beneficial Owner(s) (UBOs), nominee shareholder:
- ConnectPay requires every account to have at least one Master Authorized Representative, one Ultimate Beneficial Owner, and one Director. Please provide all current Ultimate Beneficial Owners and Directors (one individual can fulfill multiple roles):
- After successful data submission, the Platform will get a 200 response with the application status
APPLICATION_CAPTURED - ConnectPay performs required onboarding and Know Your Customer (KYC) actions
- After the required actions are done, the application status will be changed to
APPLICATION_APPROVEDorAPPLICATION_DECLINED. The Platform can get the status change information:- via webhook application status notification. You can find information here on how to subscribe to ConnectPay webhooks
- or via endpoint GET application status
- Together with status
APPLICATION_APPROVEDPlatform receivesbaasClientId. Based onbaasClientIDother actions can be performed: get the BaaS Client list, get the BaaS Client account, view the BaaS Client account balance etc.
Possible business application statuses
| Status | Description |
|---|---|
| APPLICATION_CAPTURED | Informs that ConnectPay successfully received provided information |
| COMPLIANCE_REVIEW | Informs that the application is in compliance review |
| APPLICATION_APPROVED | Informs that the application was approved and IBAN is issued, and other API can be initiated with the provided baasClientID |
| APPLICATION_DECLINED | Informs that the application was declined. For such cases where the application is declined because significant information is missing (e.g., missing UBO), the application can be re-submitted. ConnectPay representatives inform about such cases separately. If the application is declined because of the risk appetite, re-submission won’t change anything. |
Important! Application approval results in IBAN opening automatically. No additional actions to open an account are required. To receive the IBAN account number, use baasClientId received in Get application status API after application approval in Get BaaS Client accounts API.
Possible industry types and sub-types. Industry types marked in the dark background color
| Parameter | Description |
|---|---|
| ACCOMMODATION_AND_FOOD_SERVICE_ACTIVITIES | Accommodation and food service activities |
| ACCOMMODATION_AND_FOOD_SERVICE_ACTIVITIES | Accommodation and food service activities |
| ADMINISTRATIVE_AND_SUPPORT_SERVICE_ACTIVITIES | Administrative and support service activities |
| EMPLOYMENT_ACTIVITIES | Employment activities |
| OFFICE_ADMINISTRATIVE_OFFICE_SUPPORT_AND_OTHER_BUSINESS_SUPPORT_ACTIVITIES | Travel agency, tour operator, and other reservation service and related activities |
| RENTAL_AND_LEASING_ACTIVITIES | Rental and leasing activities |
| SECURITY_AND_INVESTIGATION_ACTIVITIES | Security and investigation activities |
| SERVICES_TO_BUILDINGS_AND_LANDSCAPE_ACTIVITIES | Services to buildings and landscape activities |
| TRAVEL_AGENCY_TOUR_OPERATOR_AND_OTHER_RESERVATION_SERVICE_AND_RELATED_ACTIVITIES | Motion picture, video, and television program production, sound recording and music publishing activities |
| AGRICULTURE_FORESTRY_AND_FISHING | Crop and animal production, hunting, and related service activities |
| CROP_AND_ANIMAL_PRODUCTION_HUNTING_AND_RELATED_SERVICE_ACTIVITIES | Arts, entertainment, and recreation |
| FISHING_AND_AQUACULTURE | Fishing and aquaculture |
| FORESTRY_AND_LOGGING | Forestry and logging |
| ARTS_ENTERTAINMENT_AND_RECREATION | Creative, arts, and entertainment activities |
| CREATIVE_ARTS_AND_ENTERTAINMENT_ACTIVITIES | Electricity, gas, steam, and air conditioning supply |
| LIBRARIES_ARCHIVES_MUSEUMS_AND_OTHER_CULTURAL_ACTIVITIES | Libraries, archives, museums and other cultural activities |
| SPORTS_ACTIVITIES_AND_AMUSEMENT_AND_RECREATION_ACTIVITIES | Sports activities and amusement and recreation activities |
| CONSTRUCTION | Construction |
| CONSTRUCTION | Construction |
| EDUCATION | Education |
| EDUCATION | Education |
| ELECTRICITY_GAS_STEAM_AND_AIR_CONDITIONING_SUPPLY | Electricity, gas, steam, and air conditioning supply |
| ELECTRICITY_GAS_STEAM_AND_AIR_CONDITIONING_SUPPLY | Insurance, reinsurance, and pension funding, except compulsory social security |
| FINANCIAL_AND_INSURANCE_ACTIVITIES | Financial and insurance activities |
| ACTIVITIES_OF_HOLDING_COMPANIES | Activities of holding companies |
| BANKS_OR_CREDIT_UNIONS | Banks or Credit Unions |
| CONSUMER_CREDIT_PAYDAY_LOANS_PAWNBROKERS_PREPAID_AND_OR_GIFT_CARDS | Consumer credit, payday loans, pawnbrokers, prepaid and/or gift cards |
| CROWDFUNDING | Crowdfunding |
| INSURANCE_REINSURANCE_AND_PENSION_FUNDING_EXCEPT_COMPULSORY_SOCIAL_SECURITY | Trading, FX, and Investment |
| PAYMENT_SERVICE_PROVIDERS_ELECTRONIC_MONEY_INSTITUTIONS | Payment service providers, Electronic Money Institutions |
| PHYSICAL_CURRENCY_EXCHANGE | Physical currency exchange |
| PRIVATE_BANKING | Private Banking |
| TRADING_FX_AND_INVESTMENT | Computer programming, consultancy, and related activities |
| VIRTUAL_CURRENCY | Virtual Currency |
| GAMBLING_AND_BETTING_ACTIVITIES | Gambling and betting activities |
| LOTTERY | Lottery |
| ONLINE_GAMING_OR_GAMBLING | Online gaming / Gambling |
| PAYING_AGENT | Paying agent |
| PHYSICAL_BETTING_OR_BOOKMAKER | Physical Betting / Bookmaker |
| PHYSICAL_CASINOS | Physical Casinos |
| PHYSICAL_SLOT_MACHINES | Physical Slot Machines |
| HUMAN_HEALTH_AND_SOCIAL_WORK_ACTIVITIES | Human health and social work activities |
| HUMAN_HEALTH_ACTIVITIES | Human health activities |
| RESIDENTIAL_CARE_AND_SOCIAL_WORK_ACTIVITIES | Residential care and Social work activities |
| INFORMATION_AND_COMMUNICATION | Information and communication |
| COMPUTER_PROGRAMMING_CONSULTANCY_AND_RELATED_ACTIVITIES | Motion picture, video, and television program production, sound recording, and music publishing activities |
| INFORMATION_SERVICE_ACTIVITIES | Information service activities |
| MOTION_PICTURE_VIDEO_AND_TELEVISION_PROGRAMME_PRODUCTION_SOUND_RECORDING_AND_MUSIC_PUBLISHING_ACTIVITIES | Manufacture of basic metals, and fabricated metal products, except machinery and equipment |
| PROGRAMMING_AND_BROADCASTING_ACTIVITIES | Programming and broadcasting activities |
| PUBLISHING_ACTIVITIES | Publishing activities |
| TELECOMMUNICATIONS | Telecommunications |
| MANUFACTURING | Manufacturing |
| MANUFACTURE_OF_BASIC_METALSFABRICATED_METAL_PRODUCTS_EXCEPT_MACHINERY_AND_EQUIPMENT | Manufacture of computer, electronic, and optical products |
| MANUFACTURE_OF_BASIC_PHARMACEUTICAL_PRODUCTS_AND_PHARMACEUTICAL_PREPARATIONS | Manufacture of basic pharmaceutical products and pharmaceutical preparations |
| MANUFACTURE_OF_BEVERAGES | Manufacture of beverages |
| MANUFACTURE_OF_CHEMICALS_AND_CHEMICAL_PRODUCTS | Manufacture of chemicals and chemical products |
| MANUFACTURE_OF_COKE_AND_REFINED_PETROLEUM_PRODUCTS | Manufacture of coke and refined petroleum products |
| MANUFACTURE_OF_COMPUTER_ELECTRONIC_AND_OPTICAL_PRODUCTS | Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials |
| MANUFACTURE_OF_ELECTRICAL_EQUIPMENT | Manufacture of electrical equipment |
| MANUFACTURE_OF_FOOD_PRODUCTS | Manufacture of food products |
| MANUFACTURE_OF_FURNITURE | Manufacture of furniture |
| MANUFACTURE_OF_LEATHER_AND_RELATED_PRODUCTS | Manufacture of leather and related products |
| MANUFACTURE_OF_MACHINERY_AND_EQUIPMENT_NEC | Manufacture of machinery and equipment n.e.c. |
| MANUFACTURE_OF_MOTOR_VEHICLES_TRAILERS_AND_SEMI_TRAILERS | Manufacture of motor vehicles, trailers and semi-trailers |
| MANUFACTURE_OF_OTHER_NON_METALLIC_MINERAL_PRODUCTS | Manufacture of other non-metallic mineral products |
| MANUFACTURE_OF_OTHER_TRANSPORT_EQUIPMENT | Manufacture of other transport equipment |
| MANUFACTURE_OF_PAPER_AND_PAPER_PRODUCTS | Manufacture of paper and paper products |
| MANUFACTURE_OF_RUBBER_AND_PLASTIC_PRODUCTS | Manufacture of rubber and plastic products |
| MANUFACTURE_OF_TEXTILES | Manufacture of textiles |
| MANUFACTURE_OF_TOBACCO_PRODUCTS | Manufacture of tobacco products |
| MANUFACTURE_OF_WEAPONS_AND_AMMUNITION | Manufacture of weapons and ammunition |
| MANUFACTURE_OF_WEARING_APPAREL | Manufacture of wearing apparel |
| MANUFACTURE_OF_WOOD_AND_OF_PRODUCTS_OF_WOOD_AND_CORK_EXCEPT_FURNITURE_MANUFACTURE_OF_ARTICLES_OF_STRAW_AND_PLAITING_MATERIALS | Activities of membership organizations |
| OTHER_MANUFACTURING | Other manufacturing |
| PRINTING_AND_REPRODUCTION_OF_RECORDED_MEDIA | Printing and reproduction of recorded media |
| REPAIR_AND_INSTALLATION_OF_MACHINERY_AND_EQUIPMENT | Repair and installation of machinery and equipment |
| MINING_AND_QUARRYING | Mining and quarrying |
| EXTRACTION_OF_CRUDE_PETROLEUM_AND_NATURAL_GAS | Extraction of crude petroleum and natural gas |
| MINING_OF_COAL_AND_LIGNITE | Mining of coal and lignite |
| MINING_OF_METAL_ORES | Mining of metal ores |
| MINING_SUPPORT_SERVICE_ACTIVITIES | Mining support service activities |
| OTHER_MINING_AND_QUARRYING | Other mining and quarrying |
| OTHER_SERVICE_ACTIVITIES | Other service activities |
| ACTIVITIES_OF_MEMBERSHIP_ORGANISATIONS | Professional, scientific, and technical activities |
| FUNERAL_AND_RELATED_ACTIVITIES | Funeral and related activities |
| HAIRDRESSING_AND_OTHER_BEAUTY_TREATMENT | Hairdressing and other beauty treatment |
| OTHER_PERSONAL_SERVICE_ACTIVITIES_NEC | Other personal service activities n.e.c. |
| PHYSICAL_WELL_BEING_ACTIVITIES | Physical well-being activities |
| REPAIR_OF_COMPUTERS_AND_PERSONAL_AND_HOUSEHOLD_GOODS | Repair of computers and personal and household goods |
| WASHING_AND_DRY_CLEANING_OF_TEXTILE_AND_FUR_PRODUCTS | Washing and (dry-)cleaning of textile and fur products |
| PROFESSIONAL_SCIENTIFIC_AND_TECHNICAL_ACTIVITIES | Other professional, scientific, and technical activities |
| ACTIVITIES_OF_HEAD_OFFICES_MANAGEMENT_CONSULTANCY_ACTIVITIES | Activities of head offices; management consultancy activities |
| ADVERTISING_AND_MARKET_RESEARCH | Advertising and market research |
| ARCHITECTURAL_AND_ENGINEERING_ACTIVITIES_TECHNICAL_TESTING_AND_ANALYSIS | Architectural and engineering activities; technical testing and analysis |
| LEGAL_AND_ACCOUNTING_ACTIVITIES | Legal and accounting activities |
| OTHER_PROFESSIONAL_SCIENTIFIC_AND_TECHNICAL_ACTIVITIES | Public administration and defense; compulsory social security |
| SCIENTIFIC_RESEARCH_AND_DEVELOPMENT | Scientific research and development |
| VETERINARY_AND_PET_CARE_SERVICES | Veterinary and pet care services |
| PUBLIC_ADMINISTRATION_AND_DEFENCE_COMPULSORY_SOCIAL_SECURITY | Public administration and defence; compulsory social security |
| PUBLIC_ADMINISTRATION_AND_DEFENCE_COMPULSORY_SOCIAL_SECURITY | Public administration and defence; compulsory social security |
| REAL_ESTATE_ACTIVITIES | Real estate activities |
| REAL_ESTATE_ACTIVITIES | Real estate activities |
| TRANSPORTATION_AND_STORAGE | Transportation and storage |
| AIR_TRANSPORT | Air transport |
| LAND_TRANSPORT_AND_TRANSPORT_VIA_PIPELINES | Land transport and transport via pipelines |
| POSTAL_AND_COURIER_ACTIVITIES | Postal and courier activities |
| WAREHOUSING_AND_SUPPORT_ACTIVITIES_FOR_TRANSPORTATION | Warehousing and support activities for transportation |
| WATER_TRANSPORT | Water transport |
| WATER_SUPPLY_SEWERAGE_WASTE_MANAGEMENT_AND_REMEDIATION_ACTIVITIES | Water supply; sewerage, waste management, and remediation activities |
| WATER_SUPPLY_SEWERAGE_WASTE_MANAGEMENT_AND_REMEDIATION_ACTIVITIES | Water supply; sewerage, waste management and remediation activities |
| WHOLESALE_AND_RETAIL_TRADE | Wholesale and retail trade |
| DISPENSING_CHEMIST_IN_SPECIALISED_STORES | Dispensing chemist in specialised stores |
| NON_SPECIALISED_WHOLESALE_TRADE | Non-specialised wholesale trade |
| OTHER_RETAIL_SALE_OF_NEW_GOODS_IN_SPECIALISED_STORES | Other retail sale of new goods in specialised stores |
| OTHER_SPECIALISED_WHOLESALE | Other specialised wholesale |
| RETAIL_SALE_IN_NON_SPECIALISED_STORES | Retail sale in non-specialised stores |
| RETAIL_SALE_OF_AUTOMOTIVE_FUEL_IN_SPECIALISED_STORES | Retail sale of automotive fuel in specialised stores |
| RETAIL_SALE_OF_CLOTHING_IN_SPECIALISED_STORES | Retail sale of clothing in specialised stores |
| RETAIL_SALE_OF_COSMETIC_AND_TOILET_ARTICLES_IN_SPECIALISED_STORES | Retail sale of cosmetic and toilet articles in specialised stores |
| RETAIL_SALE_OF_CULTURAL_AND_RECREATION_GOODS_IN_SPECIALISED_STORES | Retail sale of cultural and recreation goods in specialised stores |
| RETAIL_SALE_OF_FLOWERS_PLANTS_SEEDS_FERTILISERS_PET_ANIMALS_AND_PET_FOOD_IN_SPECIALISED_STORES | Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores |
| RETAIL_SALE_OF_FOOD_BEVERAGES_AND_TOBACCO_IN_SPECIALISED_STORES | Retail sale of food, beverages and tobacco in specialised stores |
| RETAIL_SALE_OF_FOOTWEAR_AND_LEATHER_GOODS_IN_SPECIALISED_STORES | Retail sale of footwear and leather goods in specialised stores |
| RETAIL_SALE_OF_INFORMATION_AND_COMMUNICATION_EQUIPMENT_IN_SPECIALISED_STORES | Retail sale of information and communication equipment in specialised stores |
| RETAIL_SALE_OF_MEDICAL_AND_ORTHOPAEDIC_GOODS_IN_SPECIALISED_STORES | Retail sale of medical and orthopaedic goods in specialised stores |
| RETAIL_SALE_OF_OTHER_HOUSEHOLD_EQUIPMENT_IN_SPECIALISED_STORES | Retail sale of other household equipment in specialised stores |
| RETAIL_SALE_OF_SECOND_HAND_GOODS_IN_STORES | Retail sale of second-hand goods in stores |
| RETAIL_SALE_OF_WATCHES_AND_JEWELLERY_IN_SPECIALISED_STORES | Retail sale of watches and jewellery in specialised stores |
| RETAIL_TRADE_IN_MARKETPLACES | Retail trade in marketplaces |
| WHOLESALE_AND_RETAIL_TRADE_AND_REPAIR_OF_MOTOR_VEHICLES_AND_MOTORCYCLES | Wholesale and retail trade and repair of motor vehicles and motorcycles |
| WHOLESALE_OF_AGRICULTURAL_RAW_MATERIALS_AND_LIVE_ANIMALS | Wholesale of agricultural raw materials and live animals |
| WHOLESALE_OF_FOOD_BEVERAGES_AND_TOBACCO | Wholesale of food, beverages, and tobacco |
| WHOLESALE_OF_HOUSEHOLD_GOODS | Wholesale of household goods |
| WHOLESALE_OF_INFORMATION_AND_COMMUNICATION_EQUIPMENT | Wholesale of information and communication equipment |
| WHOLESALE_OF_OTHER_MACHINERY_EQUIPMENT_AND_SUPPLIES | Wholesale of other machinery, equipment, and supplies |
Required supporting documents for companies which country of incorporation is Lithuania
| Document | API parameter | Conditions | Description |
|---|---|---|---|
| All license(s) issued by any government or government-supported institution | company.govermentalLicense.fileId | Mandatory: – if the company is a gambling operator – if the company is licensed by any government or government-supported institution ( company.govermentalLicense.isLicensed = True) | If the company is licensed by any government or government-supported institution, it needs to provide a public source (link) where the license can be validated. If a public source (link) can not be provided, the license itself must be provided and certified by Apostille. The document must contain: company name, registration number/address, the authority which issued the license, license type (may include license class type), license status (active), issuing date, the term of validity. |
| AML/CFT and Fraud procedures | company.amlFraudProcedures.fileid | Mandatory when company industry and industry sub-type: – gambling and betting activities. For all industry sub-types – financial and insurance activities. For all industry sub-types, except Activities of holding companies | The document must contain: information to which company/group AML/CFT and Fraud procedures belong. Documents should be dated and signed by the responsible senior management body. |
| Clear copy of passport, National ID or Residence Permit | persons[].identityDocument.fileId | It is mandatory to provide copy of documents (front and back sides), when identity verification is not provided (no personid ). | The provided documents must be international documents (translation to English is provided in the ID). Passports and IDs – for EEA, only passports are acceptable outside of EEA. Only LT-issued Residence Permits are accepted. The document must contain:name, surname, date of birth/personal code, citizenship, ID number, ID issue date, ID expiration date, and person photo. |
| Dated extract from the company register, issued within the past 6 months | company.extractFromCompanyRegistry.fileId | Mandatory | The document must contain: the company name, legal form of the company, date of registration or incorporation, registration number, address of incorporation and place of business, details on Senior management member(s), shareholder names, % of shares held. |
| Detailed corporate chart clearly defining the Ultimate Beneficial Owner(s) | company.uboStructureChart.fileid | Optional | Ownership chart does not have to be provided if the customer is directly owned by beneficial owner(s). The document must contain: each layer of shareholders and their respective shares up to the UBO. |
| Company group chart | company.companyGroupChart.fileid | Mandatory if the company is part of a larger group structure of companies forming the overall business (company.isSubsidiary = True) | The document must contain: a company group chart showing all companies in the structure up to the Ultimate Beneficial Owner. This chart should include all companies in the group. State for each company the country of incorporation, the purpose or activity, the name of the director, and specify the shareholding for each company. |
| Document justifying opening of segregated account | account.segregatedAccountDocument.fileId | Optional | Confirmation required: – that the company has the obligation to segregate its customers‘ funds according to local legal acts – can use Electronic Money Institution‘s account for segregation of its customers‘ funds – agreements with the Payment processors, which will settle funds in Segregated Accounts (if applicable). |
| Documents confirming the beneficial ownership | company.beneficialOwnershipDocument.fileId | Mandatory | The document should be extracted from the JANGIS system:https://naudosgavejai.registrucentras.lt/ Document must contain: UBOs name, surname, citizenship, date of birth/personal code, % of shares held, and addresses. |
| Master Authorized Representative power of attorney | persons[].powerOfAttorney.fileId | It is mandatory to provide the power of attorney document when the Master Authorized Representative (MAR) doesn’t have the role of DIRECTOR (persons.roles) | Power of Attorney must be signed by the company’s current director(s). The document must contain: rights to open, manage and close the account, date of the document issuance/power to represent, term of validity of the document/power to represent. Details of the individual: name, surname, personal code/date of birth, ID document No. Company details: company name, company registration no., company registered address. Power of Attorney issued in Lithuania, Estonia, Latvia, Ukraine, and Moldova does not have to be legalized or certified by Apostille. Notary certification is sufficient. |
| Any other documents you would like to add to support this application | additionalDocuments[].fileIdadditionalDocuments[].description | Optional |
Required supporting documents for companies whose country of incorporation is not Lithuania
| Document | API parameter | Country | Conditions | Description |
|---|---|---|---|---|
| All license(s) issued by any government or government-supported institution | company.govermentalLicense.fileId | All countries | Mandatory: – if the company is a gambling operator – if the company is licensed by any government or government-supported institution ( company.govermentalLicense.isLicensed = True) | If the company is licensed by any government or government-supported institution, then it needs to provide the public source (link) where the license can be validated. If a public source (link) can not be provided, the license itself must be provided and certified by Apostille. Document must contain: company name, registration number/address, the authority which issued the license, license type (may include license class type), license status (active), issuing date, and the term of validity. |
| AML/CFT and Fraud procedures | company.amlFraudProcedures.fileid | All countries | Mandatory when company industry and industry sub-type: gambling and betting activities. For all industry sub-types: financial and insurance activities. For all industry sub-types, except Activities of holding companies | The document must contain: information on which company/group AML/CFT and Fraud procedures belong. Documents should be dated and signed by the responsible senior management body. |
| Certificate of incorporation (or the equivalent for the applicable jurisdiction) | company.certificateIncorporation.fileid | All countries | Mandatory if the document is available in that jurisdiction. | The document must contain: the company name, legal form of the company, date of registration or incorporation, registration number, issue date, and country. |
| Certificate of Incumbency and Certificate of Good Standing | company.certificateIncumbency.fileid | The list of the countries could be found here https://www.e-tar.lt/portal/en/legalActEditions/TAR.1B1CE0F6FEA0 Please check the latest version of the document | Mandatory for companies registered in the offshore/target territories | Certificate of Incumbency document must contain: company name, legal form of company, date of registration or incorporation, registration number, address of incorporation and place of business, details on Senior management member(s), shareholder names, and % of shares held. Certificate of Good Standing document must contain: the company name, legal form of the company, registration number, country, and confirmation of the company’s good standing. The document must be not older than 6 months and certified by an Apostille. |
| Clear copy of passport, National ID | persons[].identityDocument.fileId | All countries | It is mandatory to provide copy of documents (front and back sides), when identity verification is not provided (no personid ). | The provided documents must be international documents (translation to English provided in the ID). Passports and IDs – for EEA, outside of EEA – only passports are acceptable. The document must contain: name, surname, date of birth/personal code, citizenship, ID number, ID issue date, ID expiration date, person photo. |
| Companies registered in international offshore financial centers should provide documents evidencing their economic activity: agreements, invoices, transport documents, (CMR, BoL) etc. | company.businessActivityDocuments.fileid | The list of the countries could be found here https://www.e-tar.lt/portal/en/legalActEditions/TAR.1B1CE0F6FEA0 Please check the latest version of the document | Mandatory for companies registered in the offshore/target territories | The document must contain: company/counterparty name/trade name and address, description and amount of provided goods/services, fees/prices, date of the document, signatures, departure and loading point, destination, etc. |
| Dated extract from the company register, issued within the past 6 months | company.extractFromCompanyRegistry.fileId | All countries | Mandatory | The document must contain: the company name, legal form of the company, date of registration or incorporation, registration number, address of incorporation and place of business, details on Senior management member(s), shareholder names, % of shares held. |
| Detailed corporate chart clearly defining the Ultimate Beneficial Owner(s) | company.uboStructureChart.fileid | All countries | Optional | Ownership chart does not have to be provided if the customer is directly owned by beneficial owner(s). The document must contain: each layer of shareholders and their respective shares up to the UBO. |
| Company group chart | company.companyGroupChart.fileid | All countries | Mandatory if the company is part of a larger group structure of companies forming the overall business (company.isSubsidiary = True) | The document must contain: company group chart showing all companies in the structure up to the Ultimate Beneficial Owner. This chart should include all companies in the group. State for each company the country of incorporation, the purpose or activity, the name of the director, and specify the shareholding for each company. |
| Detailed money flow chart | company.moneyFlowChart.fileid | The list of the countries can be found here https://www.e-tar.lt/portal/en/legalActEditions/TAR.1B1CE0F6FEA0 Please check the latest version of the document | Mandatory for companies registered in the offshore/target territories | Payments to be made in and out of the account, listing counterparty names and the purpose of those payments. |
| Document justifying opening of segregated account | account.segregatedAccountDocument.fileId | All countries | Optional | Confirmation required: – that the company has the obligation to segregate its customers‘ funds according to local legal acts – can use Electronic Money Institution‘s account for segregation of its customers‘ funds – agreements with the Payment processors which will settle funds in Segregated Account (if applicable). |
| Documents confirming the beneficial ownership | company.beneficialOwnershipDocument.fileId | All countries | Mandatory | Document must contain: UBOs name, surname, citizenship, date of birth/personal code, % of shares held, addresses. |
| Master Authorized Representative power of attorney | persons[].powerOfAttorney.fileId | All countries | It is mandatory to provide the power of attorney document when the Master Authorized Representative (MAR) does not have role of DIRECTOR (persons.roles) | Power of Attorney must be signed by the current director(s) of the company. The document must contain: rights to open, manage and close the account, date of the document issuance/power to represent, term of validity of the document/power to represent. Details of the individual: name, surname, personal code/date of birth, ID document No. Company details: company name, company registration no., company registered address. Power of Attorney issued in Lithuania, Estonia, Latvia, Ukraine, and Moldova does not have to be legalized or certified by Apostille. Notary certification is sufficient. |
| Memorandum and Articles of Association (or the equivalent for the applicable jurisdiction) | company.memorandumArticleOfAssociation.fileId | All countries | Optional | Certified English/Lithuanian translation (if the original is not in English or Lithuanian). The document must contain: the company name, legal form, registration number, country, and document issue date. |
| Purpose of a payment account in EEA | company.purposeOfAccount.fileid | The list of the countries could be found here https://www.e-tar.lt/portal/en/legalActEditions/TAR.1B1CE0F6FEA0 Please check the latest version of the document | Mandatory for companies registered in the offshore/target territories | The document must contain: explanation why does the company require a payment account in EEA. |
| Any other documents you would like to add to support this application | additionalDocuments[].fileIdadditionalDocuments[].description | All countries | Optional |