Documents required for companies in Israel

To open an account with Airwallex for a company registered in Israel, you’ll need to complete a verification process known as KYC (Know Your Customer). This is a regulatory requirement to confirm the identity and structure of your business.

This means providing documents that verify:

• Your business is real and active
• The key people connected to the business are who they say they are

To help you prepare, we've outlined the documents required by business type.
 

Please prepare the appropriate documents based on your business type.
 

1. Company

You’ll need to provide:

Business documents

• Certificate of Incorporation issued by the Israeli Corporations Authority
• Authorised signatory disclosure*
• UBO declaration form with MFA (multi-factor authentication) 
• Ownership structure, if UBOs are not easily identifiable

*This document should be signed by the board of directors, a lawyer or a CPA.

Personal documents

• Photo ID and proof of residential address of all authorised signatories
  • Teudat Zehut (National ID) required for all Israeli authorised signatories
  • Passport ID required for non-Israeli authorised signatories
• Liveness check of the person applying
   

2. Sole Trader

You’ll need to provide:

• Proof of business address (e.g. government issued documentation dated within the last 3 months)

• Photo ID and proof of residential address of the Sole Trader or of the authorised person applying
• Liveness check of the person applying
   

Further information and examples of required documentation

Personal documents

1. Photo ID

Business documents

1. Certificate of Incorporation
2. Proof of Business Address
3. Authorisation Signatory Disclosure
4. UBO Declaration
5. Declaration of Ownership Structure
6. New Business Supporting Documents
7. Financial Institution Onboarding Questionnaire
8. High Value Goods Questionnaire
9. Live-Streaming Questionnaire
10. Marketplace Questionnaire
     

Personal documents (Photo ID)

We require images for government-issued official photo ID. For Israeli persons, we require a National ID (Teudat Zehut). For non-Israeli persons, we require a passport. 

Please ensure the ID photo is clear, with all edges visible and no blurring, glare, reflections, watermarks, or obstructions. For best results, place the document flat on a surface and take the photo in a well-lit area. Some valid ID examples are provided below.

1) National ID example - Teudat Zehut

2) Passport example - All non-IL countries

Business documents

1. Certificate of Incorporation

An official document issued by the Israeli Corporations Authority that proves your company is legally registered. Example below.

2. Proof of Business Address

This is a recent bill or bank statement showing the business’s legal name and address (dated within the last 3 months).

Bank Statement example:

Bill example:

3. Authorised Signatory Disclosure

We require an authorised signatory disclosure listing all authorised signatories. This document must be signed by the board of directors, a lawyer or a CPA.

4. UBO Declaration (Beneficiary and controlling shareholder declaration)

We require companies to identify and disclose the natural person(s) who ultimately own or control corporations. This is known as the UBO Declaration or Beneficiary and controlling shareholder declaration. You will receive an email from Airwallex to confirm the information in a pre-populated form and complete multi-factor authentication.  

5. Declaration of Ownership Structure

If we can't clearly identify the ownership structure of your business, we may ask for a Declaration of Beneficial Ownership. This can be in the format of a diagram. Please include:

• Full name, date of birth, nationality, and % ownership of each Ultimate Beneficial Owner (UBO) (anyone who owns 25% or more)
• The shareholding structure if no one owns 25% or more
• Registration country and ownership % for each intermediary shareholding entity
• The declaration must be on company letterhead, signed by a Director, and dated within the last 6 months

Sample of Declaration of Ownership Structure (EN)
 

6. New Business Supporting Documents

If you are relatively new business, we may request business activity proof such as:

• Invoices, contracts, or statements
• Business plan (for new businesses)
   

7. Financial Institution Onboarding Questionnaire

How will you use your Airwallex account?

If you are operating within the financial services industry, please complete the questionnaire that applies to you, in order to meet our internal compliance requirements.

• Third-Party Funds (Unregistered Clients) Questionnaire (EN): You process funds for your clients, and your clients won’t be onboarded by Airwallex
  • Use this option if your business handles funds on behalf of clients who won't have their own Airwallex accounts

• Third-Party Funds (Registered Clients) Questionnaire (EN): You process funds for your clients, and your clients will be onboarded by Airwallex
  • Use this option if your clients will each have their own Airwallex account

• Operational Use Questionnaire (EN): You’ll only use the account for operational purposes
  • Use this option if the account is just for business expenses (e.g. paying suppliers, salaries, rent, etc.)
     

8. High Value Goods Onboarding Questionnaire

If your business deals in high-value goods (e.g. luxury items, jewellery, fine art), please complete the High-Value Goods Questionnaire to help us meet compliance requirements.
 

9. Live-Streaming Questionnaire

If you operate a live streaming business, please complete the Live Streaming Questionnaire (EN) to help us meet compliance requirements.
 

10. Marketplace Questionnaire

If your business operates a marketplace platform, please complete the Marketplace Questionnaire (EN) to help us meet compliance requirements.