Registering a Business account with Kinesis is free and requires only a few simple steps.
- Registering through the Sign-up Page
- Click on SIGN UP at the top of the Kinesis Money page.
- Fill in the simple form to complete your initial account setup.
- Email verify the account (Tier 1), as instructed here.
Upon registering with Kinesis Money, new (Tier-1 email verified) system users will get the option to choose between creating an Individual or a Business account. Upon choosing the Business account option, three sub-options are revealed: Business, Trust Fund or Retirement Fund account, which can be created and verified in a manner similar to creating an Individual account.
- You can now verify your account through the Know Your Customer (KYC) authentication process, as instructed below:
Important: The KYC process is a one-time action and is binding for each account. This identification process will allow us to conduct our Anti Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy, as stated in our privacy policy and terms of use. Until this has been done, your account will have some limitations that restrict its use.
Business KYC can be dropped off midway and be picked up where left off, thanks to the Iterative Data Capture functionality integrated into the Kinesis Money system.
You will be asked to provide a Business/ Entity / Trust name and description, as well as may be required to submit the following documents and information:
APPLICANT’S (Director’s or Trustee’s) INFORMATION:
Please note: Director’s information will be required for a Business account. Trustee’s Information (Individual or Corporate) will be required for Trust Fund or Retirement Fund account.
- A government-issued photo ID (this can be eg. passport or driver's licence)
- Proof of residential address document (this can be a utility bill, bank statement or government authority letter including applicant’s name and address - which must be dated within the last 3 months),
- A selfie of the applicant (of the director/ trustee) holding a legible piece of paper, containing the word “Kinesis”, the applicant’s business/ entity/ trustee name and today's date or holding up their photo.
BUSINESS INFORMATION (for Business account):
- Company Extract - a company extract or Company Details Statement, containing company contact details, directors, share structure, membership and a historical record of changes.
- Certificate of Incorporation - legal document or a licence relating to the formation of a company or corporation.
- Register of Directors - including the full names and addresses of the Directors and Officers with the company (their ID, proof of residential address & dated selfie).
- Register of Active Shareholders - a record of all the active and former owners of a company’s shares (including their ID, proof of residential address & dated selfie).
- Organisation Chart - an organisational chart or organisational breakdown structure (OBS), which is a diagram showing the structure of an organisation and the relationships and relative ranks of its parts and jobs or positions. This is not required if the company only has a sole director/shareholder.
- By-Laws/ Articles of association - along with the memorandum of association form, the articles of association define the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.
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TRUST FUND INFORMATION (For Trust Fund account)
Please note that Trustees can be Individual or Corporate. For a Corporate Trustee, proof of registered office, as well as a register of all Corporate Trustee directors, will be needed.
- Company Extract- a company extract or Company Details Statement, containing company contact details, directors, share structure, membership and a historical record of changes.
- Certificate of Incorporation - legal document or a licence relating to the formation of a company or corporation.
- Register of Directors (including their ID, proof of residential address & dated selfie).
- Register of Active Shareholders (including their ID, proof of residential address & dated selfie).
- Trust Deed - an agreement where an individual or a company agrees to hold assets for others’ benefit, usually their family members. It is often set up by families to own assets. It discloses the governing rules and details the powers, duties and responsibilities of the fund's trustees, also details the rights of the members.
- Deed of Amendments - instruments satisfactory to the Administrative Agent amending those Deeds of Trust that were executed and delivered to the Administrative Agent.
- Deed of Variation - a legal document that is used to change the details/terms of the existing Trust.
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RETIREMENT FUND INFORMATION (For Retirement Fund account):
Please note that Trustees can be Individual or Corporate. For a Corporate Trustee, proof of registered office, as well as a register of all Corporate Trustee directors, will be needed.
- Company Extract - a company extract or Company Details Statement, containing company contact details, directors, share structure, membership and a historical record of changes.
- Certificate of Incorporation - legal document or a licence relating to the formation of a company or corporation.
- Trust Deed - an agreement that outlines the rules for establishing and operating the self-managed fund. It discloses the governing rules and details the powers, duties and responsibilities of the fund's trustees, also details the rights of the members.
- Register of Directors (including their ID, proof of address & dated selfie),
- Register of Shareholders (including their ID, proof of address & dated selfie).
You will be contacted within the next 1-3 business days by email in regards to your application status, however, on most occasions, the verification process takes no longer than 24h.
If required, you can also convert your existing Individual account into a Business or Fund account by reaching us at support@kinesis.money
If you’re not certain how to take your next step, our Support Team is available 24/7 through live chat.