Doing Amazon Europe is inseparable from KYC audits. Many sellers are often afraid of KYC audits, thinking that this is a very strict review system, but it is not. As long as the information is complete, KYC is not difficult at all.
KYC review and required materials for review
Many sellers are not sure what this review is. The full name of KYC is Know your Kyc, and the full name is Know your Customer, which translates to “Know your customers.” The “you” here refers to Amazon, and the “customer” refers to the seller. This review is a basic system introduced by the European Anti-Money Laundering Organization to prevent corruption, emphasizing the review of the identity of the account owner.
KYC requires any financial institution to implement a real-name account system to understand the real owner of the account and the real beneficiary of the transaction. It also requires sufficient information on the account owner’s identity, usual address or business engaged in by the company. review and take appropriate measures. On Amazon, a KYC review is triggered when your account sells more than $15,000.
The information required for KYC verification may seem complicated, but it is not complicated if you prepare carefully. In addition, it should be noted that all the information used in the KYC review must be original information without any traces of PS. Even merging two pieces of information into one is not allowed. Below are all the information required for KYC verification.
? Scanned copy of the company’s business license. Please note that it is best to provide both the original and the copy, and the scan must be clear and not blurry.
? Scanned copy of the passport of the company’s main contact person and beneficiary (a beneficiary refers to a natural person or legal person who holds equal to or more than 25% of the company’s shares) (if you don’t have a passport, you can use your ID card and household registration book) Instead, scan the front and back of the ID card and the personal page of the household registration book on one page). If the beneficiary is a legal person of another company and has also opened an Amazon account, the safest way is to keep the shareholding ratio below 25%, so that it does not need to be audited.
Company bill: Any daily company expense bill within the last 90 days (including water, electricity, gas, Internet, telephone social security, bank statements, etc.; must be submitted by a formal institution (public utility unit, bank etc.); the company name and detailed address must be on the bill, and the company name and address should be consistent with the business license. If the seller’s operating address is elsewhere, the address on the bill should be the actual operating address of the seller who uses a mainland company to register the European station. There is no need to provide this bill, but sellers registered with companies in Hong Kong, China, and Taiwan, China need to provide this company bill. If the seller’s actual operating address is in the Mainland, the address on the bill should also be the seller’s actual operating address in the Mainland.
Personal expense bill: Any personal daily expense bill of the main contact and beneficiary within the last 90 days (daily expenses include water, electricity, gas, Internet, television, telephone, mobile phone, etc. bills and credit card statements, etc.: required Issued by a formal institution (public utility, bank, etc.): the bill must have the name and detailed residential address of the family; if the bill is in the name of the spouse, a marriage certificate must be submitted at the same time; if the bill is in the name of the landlord (need to be a company) , a formal house rental contract is required to prove the relationship.
Company bank statement: Please open a company-owned bank statement, any bank is acceptable. Statement requirements: 1. There must be a company name, which is consistent with the company name on the business license; ② There must be a bank name or logo, which must be clearly visible: ③ There must be a bank account number opened in the bank: ④ If there is a date on the bill, the opening date must be within 180 days. No date is acceptable; ⑤ For confidentiality reasons, the seller can obscure the relevant transaction records.
It is recommended that the seller use the company’s public account or the company’s beneficiary’s overseas bank account. Personal accounts can be used as collection accounts. We can accept bank accounts in the United States, the United Kingdom, EU countries and Australia as collection accounts. The account opening can also be in Hong Kong, China. We can also accept overseas cards such as payoneer or World First. .