Before selling some selected services, by law, we are obliged and entitled to identify the Client.

We carry out Know Your Customer (KYC) procedures at the time of entering into the Service. We also do this regularly thereafter according to the law and principles set by us. This is done by verifying the necessary identification documents, proof of Client residency, holdings in companies, etc.

This is done by verifying the necessary identification documents, proof of Client residency, holdings in companies, etc.. We are not entitled to render the Service unless all identification and KYC requirements have been met. If we find we cannot provide the selected service after purchase on the Website, we will apply for a credit. The credit will be applied to the Customer’s original payment method. This will occur within a certain number of days.

In the Republic of Estonia, institutions must identify their customers. This is according to the Money Laundering and Terrorist Financing Prevention Act. Other legislation in force in the European Union also requires this. They need to collect, verify, and update customer data regularly. Customer data must be reliable and up-to-date. In other words, we must be confident in our customers and adhere to the principle: know our customers.

In order to enter into a customer agreement, an individual must submit the following documents:

• First name
• Surname
• Passport number
• Identity number
• Aadress
• E-mail address
• Phone number

The company reserves the right to request additional documents if necessary. This may include confirmation of residence, residence status, existence of e-residence, data on tax residence, and data on citizenship.

The client submits a copy of his identity card, which must contain the following information:

• Owner’s photo
• Document number
• Full name
• Date of birth
• Sex

The document must be valid and not damaged.

A legal entity must submit:

• Extract from the commercial register, registration certificate or other documents accepted by MINUFIRMA, which confirm the legal capacity of the legal person
• If the above documents are not sufficient to determine the legal capacity of the legal entity and its legal representative, the Company reserves the right to request additional documents: articles of association, information on the members of the company’s control or management bodies, address of the company’s actual location
• Details of founders, shareholders, members of the supervisory board
• Documents certifying the right of representation of a legal person and the period of validity of the right of representation
• Details of the beneficial owner

The company has the right to ask additional questions. It can request any additional information that may be necessary to carry out the IOC procedure. This includes the determination of the beneficial owner.

Only a private individual can be a real beneficiary

• directly owns the company: the person who owns more than 25% of the share capital
• indirectly owns the company: the person who owns another company or several other companies that own more than 25% of the share capital of the company in question
• who controls the enterprise in another way: the person ultimately influences the enterprise, regardless of the shares, units, voting rights or ownership, or the direct or indirect nature of its effects
• If the beneficial owner cannot be identified, the member of the highest management body, i.e. the beneficial owner, is indicated as the beneficial owner.
• chairman of the company’s management board or supervisory board
• in his absence, all members of the management board or supervisory board. If the management body consists of five members, priority is given to the members who have a greater right of representation (information is presented on the B-card of the Commercial Register)
• In the presence of the supervisory board, the beneficial owner shall be the five members of the supervisory board. These members participate most in the strategic decision-making of the company. They are also involved in the day-to-day operations, transactions, and financial relations of the company.