56Sign in

What to have ready.

Everything you’ll be asked for when you open your 56 account. With it to hand, it takes about 10 minutes.

About the business

  • Where it’s registered: the country, the kind of company, its registered name and registration number, and the date it was formed.
  • Its tax number, a business email and a business phone.
  • Its registered address, and the address it operates from if different. No PO boxes or virtual offices.
  • Its website, or a social page if it has no website.
  • A short description of what it does, who its clients are and how they pay: a few paragraphs, 350 to 1,000 characters.
  • Where its money comes from, what you’ll mostly use 56 for, and about how much it earns a month.
  • Any license it holds for its work, with the license number.
  • Whether it does any work that gets extra checks, like lending, money services or gambling.

The company’s documents

Registration
The original document that formed the company, not a later copy or confirmation.
Who owns it
A document listing every owner and their share, adding up to 100%, signed and dated.
Bank statement
The last three full months, with the last entry within 30 days, showing the company’s name and the address it operates from. No company bank statement? A bank statement from the owner who funds the business, together with proof of the address the company operates from, does the same job.
What the business does
Something that shows the business being paid for its work, like client invoices, receipts or a signed contract.
Founding document, if you have it
The document that sets out how the company is run, like its articles and by-laws. Not needed for a sole proprietorship.

Each person

Everyone who owns 25% or more, directly or through another company, anyone who runs the business, and anyone who signs for it. You add yourself first, then invite the others to do their own part, or fill it in for them.

  • Their name, email, mobile number, title in the company, their share, and since when they’ve been with it.
  • Date of birth, home address, personal tax number, and the type, country and number of their ID.
  • A photo ID: passport, driver’s license or national ID. A photo of the original with space around the edges, not a scan. For a driver’s license or ID card, the back too.
  • A selfie, taken that day on their own phone. No hat or sunglasses.
  • A proof of address issued within the last 60 days, in their name: a utility bill, bank statement, rental agreement, tax document or government letter.

By kind of company

Philippine names are shown; the same idea applies in every country.

One Person Corporation

Registration
The Articles or Certificate of Incorporation. For example: the SEC Certificate of Incorporation.
Founding document, if you have it
The articles and by-laws.
Who owns it
A document showing the shareholders, with 100% of the ownership accounted for. A list of directors or officers alone isn’t enough. For example: the latest General Information Sheet (GIS).
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Corporation

Registration
The Articles or Certificate of Incorporation. For example: the SEC Certificate of Incorporation.
Founding document, if you have it
The articles and by-laws.
Who owns it
A document showing the shareholders, with 100% of the ownership accounted for. A list of directors or officers alone isn’t enough. For example: the latest General Information Sheet (GIS).
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Sole proprietorship

Registration
The DTI Certificate of Business Name Registration. A BIR registration or Mayor’s Permit is accepted case by case.
Who owns it
A business license or trade-name registration naming the owner, or the owner’s tax filings showing the business’s income and expenses.
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Partnership

Registration
The SEC Certificate of Registration.
Founding document, if you have it
The articles of partnership.
Who owns it
A document showing every partner and their share, adding up to 100%, like the articles of partnership.
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Branch of a foreign company

We confirm the exact documents for this kind of company with you before you start. Talk to a founder.

Non-profit or foundation

Registration
Its SEC registration.
Founding document, if you have it
The articles and by-laws.
Who runs it
A document showing its trustees and officers, like the latest General Information Sheet (GIS).
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Cooperative

Registration
The CDA Certificate of Registration.
Founding document, if you have it
The articles and by-laws.
Who owns it
The members’ register, showing each member’s share capital.
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Trust

Registration
The trust deed.
Who owns it
The trust deed, naming the settlor, the trustees and the beneficiaries.
Bank statement
The company’s bank statement. Or, instead: a bank statement from the owner who funds the business, together with proof of the address it operates from, like a utility bill or rental agreement. No PO boxes or virtual offices.

Something else

We confirm the exact documents for this kind of company with you before you start. Talk to a founder.

Only if it applies

Trades under another name
The registration of that trading name.
No revenue yet
A document showing where the starting money comes from, like an owner’s bank statement or a loan agreement.
Handles money that belongs to others
For a marketplace or a payments provider: a diagram or short document showing how money moves through the business, and a signed statement that its providers hold the licenses their work needs.
A company owns part of it
The real people behind that company, each with their share through it, and the company’s registration if you have it.

Good to know

  • Files: PDF, JPG or PNG, up to 4MB each. The selfie is a photo, so JPG or PNG.
  • It saves as you go. Anything you don’t have yet, mark it for later and we’ll remind you.
  • Date of birth, home address, tax number and ID number are never kept by 56. They go to the check when each person finishes their part.
  • Each document goes straight to the check. 56 keeps a reference to it, never a copy.
  • The check usually takes a few business days. We email you at every change.
  • 56 is a financial technology company, not a bank.

Questions? Talk to a founder.

You reach us, not a help desk.

Sir Gabriel Holbach

Founder & CEO

WhatsApp · Email

Gerwin Fricke

Co-founder & CPO

WhatsApp · Email