Once you have successfully completed registration for a Float account, you will need to begin the business verification process, also known as KYB. The steps below will outline how to complete the verification process.
How to Start the Business Verification Process:
- Login at app.floatfinancial.com
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Click "Get Started" under Verify Your Business
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Review Business Information
- To verify your account, we need a few legal and business details. This helps us meet regulatory requirements and ensure your business is set up correctly in our system.
- For more information on understanding your business' legal structure, please visit this article here.
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Confirm Business Owners
- If you are not the largest shareholder and/or own more than 25% of the business, you will need to provide us with the details of the individuals or businesses that do own more than 25% of the company.
- Non Profit organizations without shareholders can enter the details of their President, Chairman of the Board, Head of Finance or Treasurer for our team to review.
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Upload Business Documents
- Use the file uploader to submit the required documents listed on screen for Business Formation and Proof of Address.
- For more information on what documents are acceptable, please visit our help centre article on Onboarding Documents.
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Declaration of Tax Residence
- Complete the RC519 – Declaration of Tax Residence for Entities form.
- For help with RC519 form requirements, PandaDoc signing, or correcting information, visit our FAQ article.
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Verify Your Identity
- Complete your own ID verification as the Primary Administrator for Float.
- For more information on our ID verification process, also known as KYC, please visit: KYC (Know Your Customer) Verification for Float users.
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Submit for Review
Once you’ve submitted your information, our team will review your documents and notify you if anything else is required. You’ll be able to check the status of your business verification review by navigating back to the homepage at app.floatfinancial.com/welcome-guide.
If you have questions at any stage, reach out to us at support@floatfinancial.com