Which Are The Requirements To Apply For A Business Account?

Revolut Business
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In this post, we will talk about the basic requirements that a company must have to request a Revolut Business account.

We will focus on several aspects, such as the type of company, the country in which it is incorporated or other essential characteristics to get you onboarded!

1- Your business will need to be based in one of the following countries:

:earth_africa: Aland Islands, Australia, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Guernsey, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mayotte, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom and United States.

2- We are accepting applications from the following company types:

:white_check_mark: Private Limited Company

:white_check_mark: Public Limited Company

:white_check_mark: Limited Liability Partnership

:white_check_mark: Limited Partnership

:white_check_mark: Partnership

:white_check_mark: Freelancer

:white_check_mark: Soletrader

Unfortunately, we are currently not available for: Public sector, Charity, Private foundation or trust, Cooperatives.

3- When it comes to documents, you will need to have the registration documents of the company, and its structure of directors and shareholders. But we have covered all this info in our latest article here (Documents Required During The Business Applications đź“ť).

4- In most of the cases, a beneficial owner (a director or shareholder), will be required to reside in the country where the company is registered.
If you are not a beneficial owner, and would like to formalize the application for the company where you work, you will need to provide a Power of Attorney, or you will need to send an invitation to one of the beneficial owners during the process to upload their ID and selfie.

If after all the previous tips, your business account is not accepted, in our frequently asked questions article here, you can find all those types of business that can’t be onboard at the moment, either due to their location, type of business or lack of physical presence.

:person_raising_hand:If you have any questions about the basic account opening requirements or we can clarify any points for you, please leave us a comment below :arrow_heading_down::speech_balloon:

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If you gain money by trading with a Broker, should you open a business account? Or is ok if the income just goes to a personal account, in this case there isn’t a company registration whatsoever.

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It depends on who’s money you’re investing. If it’s personal money: personal account. If it’s company money: business account.

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Hi,
My company is UK registered, I am the beneficial owner.
My main residence is in Malta.
Can I open a Revolut business account?

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Hello @Vantage546 ,

In this case, the applicant will need to reside within the UK, EEA or Switzerland and the company will need to have at least one benefitial owner/director residing in these areas.

If you live in Malta (EEA) you can apply for a Revolut Business account for a company based in the UK. Please note that the applicant and the benefitial owner/ director can be the same person.

Please let us know if something is not clear.

Pere | Community Business Team

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