What documents must Businesses and Professionals send to validate the opening of their Lydia Pro account?

To receive the funds collected via Lydia Pro, professional supporting documents must be provided so that the Lydia Pro account can be validated. These documents can be sent:

• From the "finish my registration" section of the Lydia Pro application, then take pictures of your documents with your smartphone;
• From the management console, “admin” section, “receipts” to download them from desktop.

Here is the list of necessary documents to provide...

Accepted proof of identity

• Colour copy of valid National Identity Card (EEA, UK, or Switzerland);
• Unexpired passport;
• Unexpired photocard driving licence (EEA, UK, or Switzerland).

N.B. we are not authorised to open an account for US individuals, as our banking partner is not FATCA certified.

Accepted proof of address

• Council tax bill/ demand letter less than 12 months old;
• Utility bill less than 3 months old;
• Bank statement less than 3 months old;
• Unexpired photocard driving licence (EEA, UK, or Switzerland).

N.B. The same document cannot be used both as a proof of identity and as a proof of address.

For all Professional Clients: beneficial owners declaration

For unincorporated associations

1. Copy of a name ID and address ID of at least one officer;
2. Bank account and sort code details on headed bank paper clearly showing the Professional Client name, and the name of the bank;
3. VAT number if applicable
4. One document from list A and one document from list B below:

List A

• copy of the constitution or equivalent documentation that sets out the nature, purpose and objectives of the association/society
• bank statements addressed to the association/society at operating address;
• recently audited accounts;
• financial statements;

List B:

• meeting record authorising the opening of the Lydia Professional Account and listing all officers/members of the Professional Client

For private limited companies or LLPs

1. Relevant documents from Companies House (UK) or the Companies Registration Office (Ireland), like Company details, Company address, and Company appointments; you can get an up to date document on the Companies House register (https://beta.companieshouse.gov.uk/company/08411776/filing-history)
2. Confirmation of principal business activities;
3. Evidence of beneficial ownership (if not identified by Companies House or Companies Registration Office documentation);
4. VAT number if applicable;
5. Bank account and sort code details on bank headed paper clearly showing the Professional Client name, and the name of the bank; and
6. Name and address verification for at least one director.

For partnerships

1. Partnership deed;
2. Confirmation of principal business activities;
3. Evidence of business address;
4. Bank account and sort code details on bank headed paper clearly showing the Professional Client name and the name of the bank; and
5. Name and address verification for at least one partner.

For associations / societies / clubs

1. Associated BIC of the association
2. Most recent constitution of the Association/Society/Club
3. Minutes of the AGM corresponding to this constitution, dated and signed by the president or by the treasurer. Make sure that the surname, first name and status of the person who signed the report are completed near the signature;
4. Identity document or passport front / back in colour of the member of the office having signed the report;

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