During a capital increase, Qonto must collect certain documents from participating legal entities (companies, associations, investment funds, etc.).
The nature of the documents required varies according to several criteria specific to each participating entity.
👉 This verification is part of the obligations to fight against money laundering and terrorist financing (AML-CFT). It ensures the identity, structure, and situation of any legal entity investing in the capital increase.
đź“Ś General principles
Depending on the type of entity and its percentage of ownership after the capital increase, different documents may be required from legal entities. Entities holding >25% of the capital post-operation are subject to reinforced documentation requirements. Some general principles apply:
Declaration of origin of funds: this document will be provided by Qonto and must be completed by all participating legal entities (except for investment funds).
Documentary proof of origin of funds: this document will be requested by Qonto to justify the origin of funds contributed in the context of the capital increase. It must be provided by any legal entity that will hold at least 25% of the capital after the operation (except for investment funds).
Unlike natural persons, legal entities have more complex ownership and control structures. Verifications therefore focus on the identification of the entity, its shareholding structure, its beneficial owners (the natural persons who ultimately control it), and the origin of its funds. This approach makes it possible to trace the control chain back to the actual natural persons behind each investment.
đź“„ Which documents must be provided depending on the type of entity and the ownership percentage?
🇫🇷 Traditional French Companies
SAS, SARL, SA, etc., registered with the Trade and Companies Register (RCS)
|
Post-capital increase ownership < 25% of share capital |
Post-capital increase ownership ≥ 25% of share capital |
|---|---|
| ✓ Kbis extract / INPI / Pappers (< 3 months old) ✓ Legal representative’s ID document ✓ Source of funds declaration |
✓ Kbis extract / INPI / Pappers (< 3 months old) ✓ Legal representative’s ID document ✓ Powers of the legal representative ✓ Documentary evidence of the source of funds ✓ Supporting document evidencing the origin of the invested funds (e.g. annual financial statements, asset transfer agreement, grant notification, etc.)See which supporting documents are accepted |
🌍 Traditional Foreign Companies
Companies incorporated outside France
|
Post-capital increase ownership < 25% of share capital |
Post-capital increase ownership ≥ 25% of share capital |
|---|---|
| ✓ Certificate of incorporation (< 3 months old, translated into French) ✓ Recent official document confirming the entity is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) ✓ Up-to-date articles of association ✓ Legal representative’s ID document ✓ Source of funds declaration |
✓ Certificate of incorporation (< 3 months old, translated into French) ✓ Recent official document confirming the entity is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) ✓ Up-to-date articles of association ✓ Tax identification number + LEI (if applicable) ✓ Register of directors/officers ✓ Full organisational chart ✓ Authorised signatories’ powers ✓ Shareholding structure (up to Ultimate Beneficial Owners ≥ 25%) ✓ Annual financial statements (last 3 fiscal years) ✓ Documentary evidence of the source of funds: supporting document evidencing the origin of the invested funds (e.g. annual financial statements, asset transfer agreement, grant notification, etc.)See which supporting documents are accepted For each Ultimate Beneficial Owner ≥ 25%: ✓ ID document ✓ Proof of address |
đź’Ľ Investment Funds (France/EU only)*
FCPR, FCPI, FIP, etc.
| Post-capital increase ownership < 25% of share capital |
Post-capital increase ownership ≥ 25% of share capital |
|---|---|
| ✓ Fund prospectus (translated into French) ✓ Management company’s certificate of incorporation (< 3 months old, translated into French) ✓ Recent official document confirming the management company is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) ✓ ID document of the management company’s representative |
✓ Fund prospectus (translated into French) ✓ Name of the management company ✓ Management company’s certificate of incorporation (< 3 months old, translated into French) ✓ Recent official document confirming the management company is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) ✓ Evidence of regulatory authorisation of the management company (AMF/EU) ✓ Representative’s ID document ✓ Documentary evidence of the source of funds ✓ Supporting document evidencing the origin of the invested funds (e.g. annual financial statements, asset transfer agreement, grant notification, etc.)See which supporting documents are accepted |
* Non-EU investment funds are not accepted in the context of capital increases with Qonto.
All eligibility criteria are available in the following article: What are the eligibility requirements to carry out a capital increase with Qonto?
🤝 Associations (French or foreign)
French Law 1901 associations or foreign equivalent
| Post-capital increase ownership < 25% of share capital |
Post-capital increase ownership ≥ 25% of share capital |
|---|---|
| âś“ INSEE certificate (FR) or equivalent (translated into French) âś“ Recent official document confirming the entity is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) âś“ Up-to-date articles of association |
âś“ INSEE certificate or equivalent (translated into French) âś“ Up-to-date articles of association âś“ Declaration receipt âś“ Recent official document confirming the entity is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) âś“ Documentary evidence of the source of funds âś“ Supporting document evidencing the origin of the invested funds (e.g. annual financial statements, asset transfer agreement, grant notification, etc.) See which supporting documents are accepted |
🏛 Foundations (French or foreign)
| Post-capital increase ownership < 25% of share capital |
Post-capital increase ownership ≥ 25% of share capital |
|---|---|
| âś“ Deed of incorporation / Charter (translated into French) âś“ Recent official document confirming the entity is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) âś“ Up-to-date statutes |
✓ Deed of incorporation / Charter (translated into French) ✓ Registration certificate ✓ Recent official document confirming the entity is not subject to insolvency, bankruptcy or liquidation proceedings (dated within the current or previous month) ✓ Tax identification number ✓ Articles of association + list of members ✓ Objectives and purpose ✓ Members’ ID documents + proof of address ✓ Annual financial statements + tax filings ✓ Full organisational chart ✓ Ultimate Beneficial Owner declaration ✓ Documentary evidence of the source of funds ✓ Supporting document evidencing the origin of the invested funds (e.g. annual financial statements, asset transfer agreement, grant notification, etc.) See which supporting documents are accepted |
đź’ˇ The documents required for natural persons are detailed in the following article: What documents are required from natural persons in the context of a capital increase?
đź“© For any questions, you can contact our team at qonto-ak@qonto.com or consult our FAQ section dedicated to capital increases.