Bank Certificate for Company (Start-up Capital for the shares)

Discussion Revolut Business
1

Hi,
I am looking to start a new business where I reside in Sweden and I am now looking for a bank where I will mostly receive international transfers and make international payments in different currencies, and I think Revolut Business seems like a very interesting alternative.

Therefore, I have a few questions beforehand.

  • Are you able to give out bank certificate for an extra fee for start-up companies, it is required by the government to be able to start my business, too show that the required start-up capital for the shares of the company is in a bank account within Europe?
  • Am I able to direct message you more private questions?

Thank you in advanced!

Kind Regards,
Kevin

1 Like
2

I only know the answer to the second question, @KevinFF :stuck_out_tongue_winking_eye:

Starting tomorrow 05:00 UK time :wink:

3

Hi Kevin - thanks for your message. I will DM you.

James

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Any chance I could ask what the outcome of this was?

I am also intending to register a company (a Private LLC) in Malta and need to present a certificate of deposit of share capital before the company can be incorporated. The process with local banks would be to present the bank with the company’s Memorandum of Association as well as a reservation of the company name from the business registry. Deposit the share capital which the bank holds until such a time that the bank is presented with the certificate of incorporation.

This seems like a pretty viable process to implement especially if the customer is an existing Revolut consumer user (like myself and all the members of the intended company).

Would be happy to enter into a private chat but would also think that there are more people out there who would find this a very appealing option.

Thanks.

1 Like
5

Not been able to receive a digitally signed confirmation of payments (e.g. to confirm payment of share capital to a registration court) or account balances (for auditors) is a huge minus.

Is there really no way to manage this? It is quite urgent for us as we planned to increase share capital in the coming days and just learned that Revolut can not provide us with the required confirmation.

BTW, the argument used by the friendly customer support specialist was that Revolut does not operate yet under a bank but just with an EMI license. TransferWise on the other hand, also an EMI, has no issues with providing such confirmations.

Thanks for considering.

6

Still can’t request one certificate to Revolut in 2022. The solution I found is using wise (old transferwise). You need to contact them via chat though and this is the response I got from them:

We can issue a share capital certificate to register initial share capital for your business. You need to follow these requirements:
Make a deposit to your business EUR balance account details — the minimum is 2500 EUR.
Share capital must be paid by the current shareholder(s) of the business. It can also be paid by multiple shareholders and/or in several parts. The payment must come from the shareholder’s personal account.
The transfer must have a reference “share capital contribution” or “osakapitali sissemakse”. If it’s paid by multiple shareholders or in multiple parts, each separate payment must contain the correct reference.
The share capital should be denominated in EUR

Best