> ## Documentation Index
> Fetch the complete documentation index at: https://docs.anyway.sh/llms.txt
> Use this file to discover all available pages before exploring further.

# Business Verification

> Submit business or individual verification details and track the status.

Business verification covers KYB for a business and identity verification (KYC) for its
representative. Individual merchants complete KYC with their personal tax details.

## Choose an account type

The first step asks whether you are applying as a **Business** or an **Individual**.

| Account type | Registration details                                                                                                     |
| ------------ | ------------------------------------------------------------------------------------------------------------------------ |
| Business     | Legal entity name, tax residency, registration number and date, registered address, and a dedicated payout contact email |
| Individual   | Legal name, tax residency, and personal tax or registration number                                                       |

Both account types also provide product and support details. For a Business application,
the registered address country is taken from the selected tax residency.

<Note>
  For Hong Kong addresses, the postal code may be left blank. For China, an Individual
  uses a citizen ID with 17 digits followed by a digit or `X`. A Business uses an
  18-character Unified Social Credit Code.
</Note>

## What you need

Prepare the following information before starting:

* the registration details for your selected account type;
* product name, an `https://` website or product URL, and customer support email;
* confirmation that the product is ready, pricing is publicly visible, and the intended use is ethical;
* identity details, including legal name, date of birth, nationality, phone number, and residential address;
* first and last name when applying as an Individual; and
* a clear, non-empty passport image in JPG or PNG format, no larger than 10 MB.

<Info>
  You do not need to enter bank or payout account details to submit business verification.
</Info>

## Application states

| Status                    | Meaning                                            | What you can do                        |
| ------------------------- | -------------------------------------------------- | -------------------------------------- |
| Draft                     | The application has not been submitted             | Continue editing                       |
| Submitted                 | Anyway received the application                    | Wait for a status update               |
| Under review              | Verification is in progress                        | Wait for a status update               |
| More information required | The application needs a correction or new document | Update and resubmit                    |
| Approved                  | The application was approved                       | Continue with Finance setup            |
| Rejected                  | The application was not approved                   | Check the available status information |

## Submit or update an application

<Steps>
  <Step title="Open Finance">
    Switch to the Business view and select **Finance**.
  </Step>

  <Step title="Choose Business or Individual">
    Select the account type that matches the applicant.
  </Step>

  <Step title="Complete every section">
    Enter the registration, product, compliance, identity, and address information.
  </Step>

  <Step title="Upload the passport">
    Use a clear, unedited JPG or PNG image. Make sure the text and photo are readable.
  </Step>

  <Step title="Review and submit">
    Check names, dates, registration numbers, and addresses before submitting.
  </Step>

  <Step title="Respond to a request for information">
    If the status changes to **More information required**, open the application, correct the requested fields, upload a replacement document if needed, and submit again.
  </Step>
</Steps>

## After approval

Continue in Finance to add a payout account and manage payout requests.

<Card title="Set up payouts" icon="money-bill-transfer" href="/billing/finance-and-payouts">
  Add a US, UK, Hong Kong, Alipay, or China payout account and learn how payout requests are processed.
</Card>