There is no incorporation for freelancers in Portugal. I opened a professional activity in the fiscal system, which let me bill my client and produce official invoices.
Am I still eligible to open a business Revolut account? I have an american client and I would like to benefit from USD IBAN personal account in addition to a EUR account.
Also, there is no need for professional bank account for freelancers, so I am using my personal current account with no problem to run my activity.
Ok thanks! But I understand that personnal USD IBAN needs advanced oboarding right?
Which requires the following paperwork that does not seem to be compatible with Portuguese freelancer status (from the revolut FAQ):
Personnal details of at least 2 directors: Well, obviously a freelance cannot provide any additional director information beyond himself…
Name of company: this is just my name, there is no company name
Business bank statement: I don’t have a business bank account, just my personnal bank account
Certificate of incorporation: It is a simple declaration of starting a freelance activity, not a real company incorporation
So, 1. is the business account is still possible as a Freelance? And 2. Is the advanced onboarding available in this case? With specific/different paperwork then?
Ah. That’s unfortunate, as my client, for regulatory reasons, will not transfer money to an account that is not in my name (I suspect, like many companies)
Any hint on when this will be available? I guess I will have to close my account in the meantime
I’m in the same boat — went through onboarding, providing all the sensitive docs required, only to learn that the Revolut for Business website is inaccurate and this feature is unavailable. At least it doesn’t seem possible to get a non-freelancer account as a sole proprietor.
I too would appreciate some information about whether this is temporary or not, and will need to close my account before getting to use it