What should be considered when a legal entity invests instead of an individual?
Compared with an individual investor, investments by a legal entity are subject to specific differences regarding applicable periods and KYC verification.
Which periods apply to legal entities?
The 14-day withdrawal period does not apply to legal entities. Legal entities are only subject to the four-day reflection period.
Individual investors: 14-day withdrawal period.
Legal entities: no 14-day withdrawal period; the four-day reflection period applies.
Legal entities: no 14-day withdrawal period; the four-day reflection period applies.
Which additional documents are required?
Legal entities are subject to an enhanced KYC review. Additional documents and information must therefore be submitted.
These include in particular:
- company or commercial register extract
- information on the ultimate beneficial owners