Currently, we can only accept any individual or entity in the initial stages of setting up their business in Germany.
Limitation on countries
We can only accept applicants whose company is based in Germany.
The Applicant and Directors must possess an EEA ID document. The following ID documents are accepted:
Active EEA ID Card: Valid for citizens of EEA countries.
Active EEA Passport: Valid for citizens of EEA countries.
Active EEA Residence Permit: Valid for individuals residing in an EEA country, even if they are not citizens of an EEA country. For example, a Brazilian national with a residence permit in Germany can apply, even if they are not a citizen of an EEA country.
Limitation on legal entity types
There are currently only two types of legal entities that we can accept for the Founder Accounts:
GmbH i. G.
UG i. G.
Except for the two legal entity types above, we can’t accept other types of companies that have yet to register. Please consider our Freelancer Account if it meets your business needs. Here’s more information about it.
Limitation on business activities
We cannot onboard customers who have business in:
Activities of religious or political organizations
Adult entertainment and pornography
Auctions
Bearer Share Structures and Nominee Arrangements
Binary Options
Charitable and Non-Profit Organizations
Counterfeit, replica goods
Crowdfunding and Crowdlending
Cryptocurrency or tokens
Drugs, including CBD products and other pseudo-drugs
Extraction of crude petroleum and natural gas
Holding companies of private individuals
Gambling and Betting Activities, Casinos
Illegal Drug Trade
Marketplaces
Multi-Level Marketing (MLM)
Ponzi schemes, pyramid selling, etc.
Sexually-Related Illegal Services
Weapons and Defense Equipment for military use
Other Illegal Products/Services: While this list is not exhaustive, it includes any illegal products or services, such as human trafficking, political corruption, illegal wildlife trafficking, etc.
Some other business sectors may have limitations due to compliance regulations and our partnerships with financial institutions.