How can I prove the nature of my business if I haven't started trading yet?
We understand that for a start-up company it may be difficult to provide some of the documents we usually require to prove the nature of your business. In these cases, we ask that you provide:
- Proof your business was registered in the last 6 months
- A clear business description that matches the industry category you provided
- Any of the below documentation, which should carefully explain your business activity:
- a business plan (preferable)
- a leaflet
- a powerpoint presentation
The document you submit should include (at a minimum):
- Your business details (name, legal status, name of founder and CEO)
- The products or services you offer
- An operational plan for the business detailing the following:
- Suppliers/partners/distributors/government authorities/contractors/retailers etc. (if applicable) that will support delivery of your products or services
- Customer segment (the type of customers you'll serve)
- Marketing channels/customer outreach (how will you market your product or services)
- Source of money to start the business
- Revenue model (source of money into the business)
- Roadmap for the next 12 months
- Timelines on when the business will be operational
- Additional products, services, or feature rollout timelines
- Key milestones for the next 12 months
Once you go through our application process, you'll be able to see all the documents we can accept in order to confirm your nature of business within the app (also, see our general guidance on the documents we usually accept). Once you've submitted your application, we'll usually review it within 24 hours.