What are the requirements for opening a custody account for my company?

Initially, the GmbH and UG forms of corporation that are resident in Germany and do not conduct business in high-risk countries or are financial services institutions as defined by the German Banking Act (KWG) can register for the launch of CashPlus SME. We are constantly working on being able to accept other company forms and will be happy to inform you when it is also possible.

The prerequisite is that the company has no more than 3 beneficial owners (voting/controlling rights >25%) in the company. Ideally, the company’s legal representative should also register. Further legal representatives can be added later in the process. ”