> For the complete documentation index, see [llms.txt](https://support.lisk.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://support.lisk.com/guides/getting-started/complete-business-verification-kyb.md).
# Complete Business Verification (KYB)
How to verify your business (KYB)
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π **KYB (Know Your Business)** verification is how we confirm your company is real and who stands behind it. Once you're verified, your workspace can add bank accounts, receive deposits and send money to a bank.
**What you'll do:** enter your company details, add your owners and directors, and upload a few official documents.
**How to get through it quickly:** have every document ready *before* you start. We may ask for extra documents partway through, and that's what usually adds days.
{% endhint %}
***
## Before you start
* You need permission to manage verification for your workspace. If you don't see the **Verification** option, ask a workspace admin.
* Gather the information and documents in [**What to prepare**](#what-to-prepare) below.
## What to prepare
Open each group below and gather what applies to you. Not every item is requested in every case, but having the full set ready is the best way to avoid back-and-forth later.
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π **What we ask for can differ depending on where you're registered and what kind of entity you are.**
A Swiss foundation has no shareholder register, a UAE company owned through holding companies needs an ownership chart, a Cayman company's registered-agent address will usually be queried. The core questions are the same for everyone, but the documents that satisfy them are not.
We can't yet map out every entity type in every jurisdiction; we're building this up as we go. What we can share are concrete, real examples: [KYB by Entity Type and Jurisdiction](/guides/getting-started/kyb-by-entity-type-and-jurisdiction.md) covers UAE, Cayman, and Swiss entities (including foundations), with what each one was asked for, the follow-up questions (RFIs) that came up, and how long it took.
If your entity type isn't covered there, use the closest match as a guide and reach out to support if needed; we'll tell you what's needed for your case, and add it to the guide.
For a full preparation checklist by country, see the guides for the [United States](/guides/getting-started/kyb-by-entity-type-and-jurisdiction/business-verification-preparation-guide-for-united-states-entities.md), the [Cayman Islands](/guides/getting-started/kyb-by-entity-type-and-jurisdiction/business-verification-preparation-guide-for-cayman-islands-entities.md), and the [British Virgin Islands](/guides/getting-started/kyb-by-entity-type-and-jurisdiction/business-verification-preparation-guide-for-british-virgin-islands-entities.md).
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ποΈ Company identity and registration
* Legal business name, entity type, and incorporation date
* Country/region where the business is registered, and its registered address
* Certificate of incorporation (or equivalent formation document)
* Company registration extract, if available
* Business contact details
πΌ Business details
* Industry, and a clear description of what your business does
* Expected account usage: transaction types and, if you have it, expected volume
* Primary source of funds
π₯ Ownership and control
* List of ultimate beneficial owners (UBOs) and control persons
* Director / officer information and their roles
* Register of members / shareholders (and a cap table, if applicable)
* Signed organizational chart, and an ownership declaration if needed
πͺͺ Identity documents
* A valid photo ID (passport, national ID, or driver's license) for each owner and director
* Their tax ID, where applicable
π’ Proof of address
* A lease agreement or utility bill in the business's name
* If your business is fully remote with no physical office, residential proof of address for an owner with 25% or more may be accepted, but only when the verification flow offers this option. See the [Proof of Address and Identity Evidence Guide](/guides/getting-started/complete-business-verification-kyb/proof-of-address-and-identity-evidence-guide.md).
* A recent bank statement or invoice showing the address can also help
π° Financial / source-of-funds evidence
* A recent company bank statement
* Any supporting document explaining where your funds come from (for example, a parent-company funding commitment)
π Good standing (if available)
* Certificate of good standing, a registry extract, or a recent official filing showing the company is active
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π **File requirements**
* PDF, JPG or PNG, each file **under \~5 MB;** anything larger will fail to upload
* ZIP archives aren't accepted. If a scan is too large, export or convert it to JPEG
* Documents in other languages are fine, but a bilingual or translated copy is reviewed faster
* Financial documents and proof of address must be dated **within the last 90 days**. A lease that is still in force can be older
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π‘ **Use exactly the same legal company name everywhere:**
*Incorporation, ownership, bank and address documents.*
Mismatched names are the single most common cause of delays.
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## KYB document templates
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You only need the templates relevant to your business or requested during review.
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* **Business activity:** [Proof of Nature of Business](https://docs.google.com/document/d/1CK5i-fW4aklsGvfGyIIYYvxxtYgavgQSujayzPkSi2g/edit?usp=sharing), [Account Purpose and Expected Activity](https://docs.google.com/document/d/1W-qm1kJI8nmbaxscEVinHKKggeE-UO0KHyeQcKDkI8o/edit?usp=sharing), [Flow of Funds](https://docs.google.com/document/d/1lczJPb4hIqSksGV377QBV5X9P-z5Ti-IC9y8w6W06nY/edit?usp=sharing)
* **Ownership and authority:** [KYB Ownership pack](https://docs.google.com/document/d/1MwaiTNHlheZfo94d5ZW11CTBS2A0IydOwJrYhWFCzP4/edit?usp=sharing), [Declaration of No Shareholdersβ Agreement](https://docs.google.com/document/d/16QTPOmVq2XZtBIOATBF49l3mBbyVNnKmwS9adgWOaTA/edit?usp=sharing), [Signed Ownership Attestation Letter](https://docs.google.com/document/d/1mk0pSCfQXrlb64XU7vDgbcwaNC166zho5VrNEIuj-zA/edit?usp=sharing), [Control Person Attestation Form](https://docs.google.com/document/d/1_filkvAQGqBULv2D3PcqHXGoH-g5YJdFe9wn0j0QlzY/edit?usp=sharing), [Directors, Officers, Trustees and Council Members Schedule](https://docs.google.com/document/d/17Afl3yDFe879l9TWPZKsCqSL5nBpLztdZ8wODA0xZGg/edit?usp=sharing), [Letter of Authority and Proof of Signatory Authority](https://docs.google.com/document/d/19IuTcp1Uybqoe_F9Y8RybXG2x40FLuGydffCwXo9o7U/edit?usp=sharing)
* **Source of funds and wealth:** [Source of Wealth Statement and Evidence Schedule](https://docs.google.com/document/d/13oQtBRlBKEYzzp-pNUbtphRBPDgYS_07kBs50kdGg2A/edit?usp=sharing), [Business Source of Funds Declaration](https://docs.google.com/document/d/1J54e4LaOkRERg4RJkv60ketTbkbyvpNt2iey0sFdgkE/edit?usp=sharing)
* **Additional requests:** [Proof of Relationship Explanation](https://docs.google.com/document/d/1pxbr2U6feAghd_a7rKti-NdtPnndHHkn4Nzcz4WkHgE/edit?usp=sharing), [High-Risk Activities and Compliance Controls Questionnaire](https://docs.google.com/document/d/1R4r8_nfgKoFN8kqrMXXVPVXn7P304o6wdC5ZhL6pW4Y/edit?usp=sharing)
## Steps
1. Open **Settings β Verification** in your workspace.
2. Answer a few questions about your business. You'll then see a checklist of the documents that apply to you.
3. Fill in the four sections in order: **Company details**, **Business activity**, **Associated persons** (owners, control persons and signers), and **Documents**.
4. Review everything and submit.
## Best practices for a smooth review
These are the things we most often have to come back to customers about. Two minutes here can save you a week:
* **One legal name everywhere.**
* Identical on every document and in the form.
* **Matching incorporation date.**
* What you enter should match your formation document.
* **The right formation document for your entity type.**
* A certificate, articles, or a deed if you're a foundation.
* **Ownership evidence attached.**
* A register, a registry extract, or a cap table.
* **An ownership structure chart if a company owns you.** Signed and dated.
* **A control person and a signer named**
* Both need to be officers of your entity
* **Proof of address in your entity's own name**
* Issued in the last 90 days (a lease that is still in force can be older), and not a registered-agent, PO box or virtual address.
* **Source-of-funds evidence ready**
* Audited financials
* a recent statement
* or a tax return
* **Files in PDF, JPG or PNG, each under \~5 MB**
## What to expect
You can follow your status anytime in **Settings β Verification**.
* **We may come back with a request for more documents, called an RFI** β proof of address, a bank statement, or a clarification of your ownership structure, for example. This is completely normal.
* **Once you're approved**, fiat deposits and bank withdrawals become available in your workspace.
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β‘ Reply to our requests the same day if you can.
**Slow replies are the number-one reason a review takes longer than it needs to.**
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## Troubleshooting
* **"My country isn't eligible."**
* Lisk can't verify businesses registered in that country yet. See [Supported Countries](/supported-countries.md), or contact support if you think this is a mistake.
* **"A document was rejected or wouldn't upload."**
* Check it against **File requirements** above: PDF, JPG or PNG, under \~5 MB, no ZIP archives, and dated within the last 90 days for financial documents and proof of address (a lease that is still in force can be older).
* **"I was asked for more documents after submitting."**
* This is normal. Upload what's requested as soon as you can to keep your review moving.
* **"My verification was declined."**
* [Contact support](https://lisk.com/contact/) and we'll help you with the next steps.
## Related
* [KYB by Entity Type and Jurisdiction](/guides/getting-started/kyb-by-entity-type-and-jurisdiction.md) β document descriptions, jurisdiction-specific requirements, expected RFIs, and timelines
* [Proof of Address and Identity Evidence Guide](/guides/getting-started/complete-business-verification-kyb/proof-of-address-and-identity-evidence-guide.md): address and identity evidence for the business and its people
* [Formation, Ownership and Company Records Evidence Guide](/guides/getting-started/complete-business-verification-kyb/formation-ownership-and-company-records-evidence-guide.md): formation, ownership and control records
* [Financial, Tax, Regulatory and Special Request for Information Evidence Guide](/guides/getting-started/complete-business-verification-kyb/financial-tax-regulatory-and-special-request-for-information-evidence-guide.md): source of funds, tax and other additional requests
* [Supported Countries](/supported-countries.md): where Lisk is available and which payment rails each country supports
* [Lisk App](/faq/lisk-app.md#how-long-does-it-take-to-get-set-up-on-lisk) β including how long it takes to get set up