Open a business account if you would like to trade on Kraken for business purposes or on behalf of a business entity and enjoy the following benefits:

• Personalized deposit & withdrawal limits
• Higher API limits

Trading fees: Trading fees are the same for business and Personal accounts, but the discount schedules reward frequent and high-volume activity.

Funding requirements: Fiat deposits and withdrawals can only be transferred to/from a business bank account registered under the same business name.

How to apply for a business account:

1. If you have not done so already, create an account at www.kraken.com/signup, and secure your account by adding at least one form of Sign-In Two-Factor Authentication (2FA).
2. Click on your name in the upper right corner after logging in, and select “Get Verified”.
3. Select ‘business’ to launch and fill in your business account application.   
4. You may save the application if you wish to return to it later.  To find it again, simply go back to the “Get Verified” selection by navigating to your name in the upper-right corner of the page.
5. Submit when you have entered all of the required information and included the necessary documentation.

Wait for a response from our verification team, typically within 0-2 business days. Please note it may take several days or more to approve your application, subject to additional information or documentation that may be requested.

What business documents will be required?

• Corporate formation documents
• Company share registry
• Organizational chart displaying ownership structure, if your business entity is owned by another entity
• The following documents for each Account Accessor and UBO (Ultimate Beneficial Owner)
• One item from ID documents listed below OR
• One item from ID documents listed below and one item from supplemental documents listed below

ID documents

• Drivers license
• Passport
• My Number Card
• Residence Card (Zairyu Card) - Please submit this, if you have one.
• Special Permanent resident Certificate - Please submit this, if you have one.

Supplemental documents - A supplemental document must display its issuer, issue date, your name and your address. The issue date can not be more than three months old. 

• Residence certificate
• Receipt  (not a bill) of utility bill payment such as electricity, gas, water, landline phone, and NHK. Receipt of cell phone and Internet service bill payments are not accepted.
• Receipt of tax payment
• Receipt of social insurance 

We want this process to be as quick as possible for you! Most applications are processed in 5 days or less if we have received all the required documents. The processing of the application can begin only after all the required documents have been received.

Please note that additional documentation may be requested during the application process.

Beneficial ownership requirements:

In addition to the required documents, you will also be asked to provide ownership information:

1. For any individuals that own 25% or more equity, shares or voting rights of the business entity.
   
   
2. For any individuals that maintain significant managerial control, including individual(s) who directly or indirectly holds the rights to appoint or remove a majority of the board, and/or overall operations over the business entity (CEO, CFO, Owner, or equivalent position).
   
   
3. For any individuals that are the trustee of a trust or the members of a firm that exercise significant control over the company. 

We want this process to be as quick as possible for you! Most applications are processed in 5 days or less if we have received all the required documents. The processing of the application can begin only after all the required documents have been received.

Please note that additional documentation may be requested during the application process.