As IVO is a financial product, every investor, whether private individual, fund, corporation or similar, must also provide up-to-date, valid and accurate KYC (know your customer identification) and AML (anti-money-laundering) documentation with the investment.
If the investor is a private individual, a copy of the passport and the current address is sufficient. A LinkedIn profile is also helpful in this respect. In addition, a statement is required as to where the funds for the investment sum come from, i.e. from which sources (e.g. inheritance, entrepreneurial activity, savings, etc.).
If the investor is a non-individual (e.g. a fund, a holding company, a company, a trust, etc.), the following is required:
- Commercial register excerpt or similar official certificate of incumbency to confirm registration number and registered office address;
- A copy of the passport/ID document of the Director acting on behalf of the non-person;
- Of all UBOs (Ultimate Beneficial Owners) who own 25% or more of the non-investor:
i. A copy of the passport/identification card and the
ii. The home address.