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Account Opening Guide for US Incorporated Companies

The documents required to open an Aspire account depend upon the complexity of your organisation.

Updated over a week ago

Mandatory Documents/Information

  1. EIN Number/ Company Formation Document

    We require the EIN number and if your EIN number is not active please wait and apply until your EIN is active

  2. Letter of Authorization

    The letter of authorization is required for all accounts where the user is not a control person or a director. The letter is a signed document by any director or control person of the company authorizing that the respective user can open the account.

  3. ID of User

    Accepted IDs are Driving licences and Passports. The picture must be clear and in colour.

  4. Proof of address of User

    Proof of Address is required if the submitted ID does not show your address. Accepted documents should be any legal documents issued by a third party: utility bills, phone bills, bank statements, rental agreements, or contracts.

  5. ID/ SSN of control person

    If the control person is a US person and has an SSN, we require the SSN of the control person. For folks without SSNs, we require an ID document. Accepted IDs are driving licences and Passports. The picture must be clear and in colour.

  6. Full Name, Nationality, Country of Residence, Date Of Birth (All Directors, if any)


Additional Documents

  1. Name, Country of Residence, Nationality, and SSN/ IDs of Individual Beneficial Owners

    This applies to businesses with individual BOs that meet the following ownership thresholds:

    • Low and Medium Risk: Individual BOs holding 25% or more of shares

    • High Risk: Individual shareholders holding 10% or more of shares

  2. Name of Corporate Shareholder (If >=25%)

    This applies to businesses with corporate shareholders that meet the following ownership thresholds:

    • Low and Medium Risk: Companies holding 25% or more of shares

    • High Risk: Companies holding 10% or more of shares

  3. Chart of Shareholder Structure

    This applies to businesses that are deemed to be higher risk for aspire and have corporate shareholders that hold 10% or more shares.

Notes:

  • A picture format (JPG or PNG) is required for:

    • Control Person’s ID (If no SSN available)

    • All BO IDs (Wherever SSn is unavailable)

    • Admin ID

  • For all other documents (e.g., Formation Doc, PSoF, POA), PDF copies are acceptable.

  • We may also ask additional questions depending on your company structure/industry.

  • Opening an Aspire account may require additional documents depending on your business type and country of incorporation. This helps us comply with regulatory standards, ensuring a safe and trustworthy experience for you.

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