Short answer
Before you apply, make sure your company tells one clear story across every document, and that you can evidence where the money comes from.
Readiness checklist
- Licence activity matches what you will actually do
- A short business plan: products, clients, suppliers, countries
- Expected monthly turnover and transaction types
- Evidence of source of funds for the initial deposit
- CVs or profiles of shareholders and managers
- information and a clear ownership chart
- Office or tenancy evidence
- Website and email domain consistent with the licence
- Sample contracts, invoices or letters of intent where available
The consistency test
Read your licence, MOA, website, business plan and application form side by side. If a bank officer could describe your business differently from each one, fix that before applying.
Key takeaways
- One business, one story.
- Evidence beats explanation.
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Related glossary terms
Last reviewed: 25 September 2026
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General educational content — not legal or tax advice. IBS is not affiliated with any government entity. Always confirm current requirements with the official authority.