> ## Documentation Index > Fetch the complete documentation index at: https://docs.tracefinance.com/llms.txt > Use this file to discover all available pages before exploring further. # BRL named accounts > KYC and KYB requirements for opening BRL named accounts. ## Overview Named accounts inherit Trace Finance's compliance baseline and add segment-specific information and documents on top. The full document list for the current account is returned in `requirements.currentlyDue` on account creation. * **KYB (Know Your Business)** applies to company-owned accounts (`owner.type = COMPANY`). * **KYC (Know Your Customer)** applies to individually-owned accounts (`owner.type = INDIVIDUAL`) and to every beneficial owner (UBO) registered on a company-owned account. Information is submitted as structured fields on [`POST /v1/accounts`](/api-reference/fx-account/accounts/create-account) and [`POST /v1/accounts/{accountId}/ubos`](/api-reference/fx-account/beneficial-owners/add-ubo); supporting documents are uploaded against [`POST /v1/accounts/{accountId}/documents`](/api-reference/fx-account/documents/upload-document) once the account exists. For Trace Finance-issued accounts, see [BRL virtual accounts](/guides/compliance/brl-virtual-accounts). ## Details ### Business Applies to companies opening a named account. #### Common information and documents The baseline below mirrors the [BRL virtual accounts](/guides/compliance/brl-virtual-accounts#common-information-and-documents) baseline. Submitted on the create-account request: | Field | Format | Notes | | ----------------------- | ------------ | ------------------------------------------------------------------------------------------------------------------------------ | | `owner.legalName` | string | Registered legal name on the company's incorporation document. | | `owner.taxId.value` | string | CNPJ for Brazilian companies; foreign tax identifier for non-residents. | | `owner.taxId.type` | enum | `CNPJ` for Brazilian companies; the corresponding type for non-residents. | | `owner.industry` | enum | Industry classification. See the [create-account schema](/api-reference/fx-account/accounts/create-account) for the full list. | | `owner.incorporateDate` | `yyyy-MM-dd` | Optional. Date of incorporation. | | `owner.isStartup` | boolean | Optional. `true` when the customer is an early-stage company. | | `owner.address` | object | Full registered address (line 1, city, state, country, postal code). | Each beneficial owner (UBO) is registered via [`POST /v1/accounts/{accountId}/ubos`](/api-reference/fx-account/beneficial-owners/add-ubo): | Field | Format | Notes | | ---------------------------- | ------------- | ----------------------------------------------------------------------------------- | | `name` | string | Full legal name. | | `taxId.value` / `taxId.type` | string / enum | CPF for Brazilian residents; foreign tax ID for non-residents. | | `address` | object | Residential address. | | `phone` | string | Required. Mobile or contact number. | | `email` | string | Required. | | `ownershipPercentage` | number | Optional. Percentage of ownership. | | `isLegalRepresentative` | boolean | Optional, defaults to `false`. `true` if the UBO can sign on behalf of the company. | Documents required for the company: * Articles of association, bylaws, or board-election minutes registered with the Junta Comercial (or apostilled equivalent for non-residents) — `ARTICLES_OF_ASSOCIATION` or `INCORPORATION_ARTICLES`. * Certificate of incorporation or registration — `INCORPORATION_CERT`. * Annual revenue declaration, income statement (DRE), or balance sheet — signed by the accountant and the legal representative — `FINANCIAL_STATEMENT`. * Registry of directors and shareholders — `DIRECTORS_REGISTRY` and `SHAREHOLDER_REGISTRY`. * Dated and signed organizational chart, if the corporate structure has multiple layers — `ORGANIZATIONAL_CHART`. * Articles or financial statements of any corporate shareholder (PJ partner), if applicable — `PJ_PARTNER_DOCUMENTS` and `PJ_PARTNER_FINANCIAL_STATEMENT`. * Power of attorney, when a signatory acts on the company's behalf — `POWER_OF_ATTORNEY` or `SIGNING_AUTHORITY_PROOF`. Documents required for each UBO: * Government-issued photo ID — RG (`ID_CARD`), CNH (`DRIVER_LICENSE`), passport (`PASSPORT`), or RNM (`RESIDENCE_PERMIT`). * Email address and phone number. * Proof of residence issued within the last 90 days — `PROOF_OF_ADDRESS` or `UTILITY_BILL`. #### Additional information and documents The requested set depends on the account's segment. ##### Payment facilitators (PSPs) Additional information: * Number of employees, company website, and annual revenue. * Commercial-officer visit report. Additional documents: * AML/CTF (PLD/FT) policies, manuals, and registration forms — `AML_POLICY`. * Signed KYC form — `KYC_FORM`. * Signed BaaS adhesion form — `BAAS_ADHESION_FORM`. * CDD (customer due diligence) questionnaire signed by the compliance officer — `OTHER` with descriptive `metadata`. * Service-provision agreement and merchants record sheet — `AGREEMENT` and `OTHER` with descriptive `metadata`. * Power of attorney and identity documents for any signatories acting on the company's behalf — `POWER_OF_ATTORNEY` or `SIGNING_AUTHORITY_PROOF`. ##### Non-residents (CNR) Constitutional documents matching the legal form, all duly apostilled: | Legal form | Required constitutional documents | | ----------------------------------- | ------------------------------------------------------------------------------------------------------ | | Corporation (Corp. / Inc.) | Articles of Incorporation, Bylaws, Share Register | | Limited Liability Company (LLC) | Articles of Organization, Operating Agreement, Membership List | | Limited (Ltd) | Memorandum of Association + Certificate of Incorporation, Articles of Association, Register of Members | | Limited Liability Partnership (LLP) | Incorporation Document (UK) or Certificate of LLP (US), LLP Agreement, Register of Members | Submitted as `ARTICLES_OF_ASSOCIATION`, `INCORPORATION_ARTICLES`, `INCORPORATION_CERT`, and `SHAREHOLDER_REGISTRY` as applicable. Additional documents: * Financial statements signed by the accountant and the legal representative — `FINANCIAL_STATEMENT`. * Corporate organizational chart identifying ultimate beneficial owners — `ORGANIZATIONAL_CHART`. * Articles and financial statements of any PJ partner — `PJ_PARTNER_DOCUMENTS` and `PJ_PARTNER_FINANCIAL_STATEMENT`. * AML/CTF policies — `AML_POLICY`. * Operating licenses, where the entity handles third-party funds — `PROOF_OF_REGULATORY_LICENSE`. * KYC form, due-diligence form, and legal-representative registration form — `KYC_FORM` and `OTHER` with descriptive `metadata`. * Director-election minutes, where applicable — `SIGNING_AUTHORITY_PROOF`. * Wolfsberg questionnaire, when the entity is a financial institution — `WOLFSBERG_QUESTIONNAIRE`. * Latest PLD/CFT audit report, where applicable — `OTHER` with descriptive `metadata`. * PLD/CFT area organizational chart, where applicable — `ORGANIZATIONAL_CHART`. * General terms and conditions for FX operations, and the regulation for opening, operating, maintaining, and closing the BRL non-resident deposit account — `AGREEMENT`. Additional UBO documents: * Proof of residence issued within the last 90 days — `PROOF_OF_ADDRESS` or `UTILITY_BILL`. * Proof of authority to sign on behalf of the company. When the foreign representative does not hold a CPF, a valid power of attorney granting authority to a Brazilian representative — `POWER_OF_ATTORNEY` or `SIGNING_AUTHORITY_PROOF`. ##### Startups Submit `owner.isStartup = true` on the create-account request. Additional documents: * Signed KYC form — `KYC_FORM`. * Complete signed financials covering the last 12 months (DRE + balance sheet) or revenue declaration — `FINANCIAL_STATEMENT`. ##### Crypto businesses Additional documents: * Signed KYC form — `KYC_FORM`. * Signed BaaS adhesion form — `BAAS_ADHESION_FORM`. ##### Funds Additional information: * Exchanges and platforms used to operate. * Target audience, fundraising strategy, and marketing approach. Additional documents: * Appointment instrument, when not covered by the corporate document — `INCORPORATION_ARTICLES` or `SIGNING_AUTHORITY_PROOF`. * Complete signed financials for the last 12 months — `FINANCIAL_STATEMENT`. * Evidence of source of funds — `EVIDENCE_OF_SOURCE_OF_FUNDS`. * Crypto exposure questionnaire (CEQ) — `OTHER` with descriptive `metadata`. Additional UBO documents: * Identity document for every ultimate beneficiary holding 5% or more — `ID_CARD`, `PASSPORT`, `DRIVER_LICENSE`, or `RESIDENCE_PERMIT`. * Proof of address issued within the last 3 months for every ultimate beneficiary holding 5% or more — `PROOF_OF_ADDRESS`. ##### Exchange operators Additional documents: * Terms of service — `AGREEMENT`. * Sample national and international partnership agreements — `AGREEMENT`. * Latest internal and external audit reports, where available — `OTHER` with descriptive `metadata`. * Bylaws or internal regulations — `INCORPORATION_ARTICLES`. * Board-election minutes with active mandate (for `S.A.` companies) — `SIGNING_AUTHORITY_PROOF`. * DRE and financial statements — `FINANCIAL_STATEMENT`. * PCI-DSS AoC or SAQ-D, where available — `OTHER` with descriptive `metadata`. * AML/CTF policies, manuals, and registration forms, where available — `AML_POLICY`. Additional UBO documents: * Digitally certified identification copy for the legal representative — `ID_CARD` with `documentSubType = FRONT_SIDE` and `BACK_SIDE`. * Identification copy for the ultimate beneficiary, when classified as high-risk — `ID_CARD` or `PASSPORT`. ### Individuals Applies to natural persons opening a named account. #### Common information and documents The baseline below mirrors the [BRL virtual accounts](/guides/compliance/brl-virtual-accounts#common-information-and-documents-2) baseline. Submitted on the create-account request: | Field | Format | Notes | | ------------------- | ------------ | --------------------------------------------------------------------- | | `owner.firstName` | string | Given name. | | `owner.lastName` | string | Family name. | | `owner.taxId.value` | string | CPF for Brazilian residents; foreign tax identifier otherwise. | | `owner.taxId.type` | enum | `CPF` for Brazilian residents; the corresponding type otherwise. | | `owner.birthDate` | `yyyy-MM-dd` | Optional. Date of birth. | | `owner.address` | object | Full residential address (line 1, city, state, country, postal code). | Additional information collected outside the account record: * Email address and phone number. * Marital status, and the spouse's full name and CPF when married. Documents: * Government-issued photo ID — RG (`ID_CARD`), CNH (`DRIVER_LICENSE`), passport (`PASSPORT`), RNM or MRE (`RESIDENCE_PERMIT`). Some segments require the document to have been issued within the last 10 years. * Proof of residence issued within the last 90 days — `PROOF_OF_ADDRESS` or `UTILITY_BILL`. * Liveness selfie matched to the photo ID — `SELFIE`. #### Additional information and documents Required for individuals with non-standard fiscal residency, higher-risk activity, or where reinforced diligence applies. Additional information: * Tax identification number (NIF or equivalent) in the country of fiscal residence, for non-Brazilian residents. * Employer name, profession, monthly income, and net worth. Additional documents: * Proof of income — most recent income tax return (current year, with filing receipt) in the country of fiscal residence, the last three pay stubs, or equivalent evidence — `EVIDENCE_OF_SOURCE_OF_WEALTH`. * Evidence of source of funds tied to a specific transaction or asset (for example, property record, purchase agreement or final deed, and statement showing receipt of funds when the activity relates to a real-estate disposal) — `EVIDENCE_OF_SOURCE_OF_FUNDS`. * Signed account-opening agreement — `AGREEMENT`. * FATCA form for individuals classified as foreign or with fiscal residence abroad — `OTHER` with descriptive `metadata`. ## Related * [BRL virtual accounts](/guides/compliance/brl-virtual-accounts) — requirements for Trace Finance-issued virtual accounts. * [Open a named account](/journeys/open-named-account) — end-to-end flow that submits owner details, uploads documents, and registers UBOs. * [Create an account](/api-reference/fx-account/accounts/create-account) — request schema for company and individual owners. * [Upload a document](/api-reference/fx-account/documents/upload-document) — endpoint used to submit each required document. * [Add a UBO](/api-reference/fx-account/beneficial-owners/add-ubo) — register a beneficial owner for a company-owned account.