During the registration process, you will be prompted to enter your business email address and phone number - both of which will need to be confirmed with the confirmation codes received via email & SMS. 

You, as a company's representative, will also be requested to enter your personal information, including your name, last name, middle name, date of birth, personal identity code.


You will be asked to submit the following documents:

1.    Extract from the Trade Register (and Director’s Register if it is not included in the Trade Register)

2.    Shareholders Register

3.    ID copies of directors and shareholders who own 25% or more of the company

4.    Director's ID or Passport

5.    License (if required for business)

Note: the official documents are accepted either in English or Lithuanian languages. We may additionally request you to provide the company's source of income (including Balance Sheets/Profit Loss Statements or contracts), indicate the purpose of opening a business account, types of transactions you are planning to make, who are your business partners or provide official translations if documents received are not in English or Lithuanian. The translated documents must to be certified by  notary, have an apostille on them.  


We need this information so we could carefully review your application, open an account for your company, and manage your incoming and outgoing transactions based on all the laws applicable to us as a financial institution. 

We are GPDR compliant, as well as our partners, therefore your company's and your (as the company's representative) personal data is safe with us. If you wish to review our Privacy Policy, click here, or feel free to contact us via email at privacy@teslapay.eu


Make sure when registering for business account your business is not operating in prohibited industry. You may see the prohibited industries list below: 

  • dating and escort services; 
  • pornography; 
  • weapons; 
  • trading in precious metals, stones or art; 
  • running an auction house; 
  • cashback services; 
  • chemicals and related products; 
  • video-game arcades; 
  • trading in cryptocurrency; 
  • selling second-hand cars; 
  • binary options or gambling; 
  • debt collection; or trading in prime-bank guarantees, debentures, letters of credit or medium-term notes;
  • trading in currencies, options and commodities.


Note: we strictly comply with ML/TF directive and all applicable laws, every business onboarding case is reviewed separately.   

Moreover, we accept registration applications from the business registered in EU/EEA/EFTA countries. You may check the list of the countries we do not do business with here.


The company’s representative or director opening an account should be a citizen or have a residence permit in any of the EU/EEA/EFTA countries.


During the business account registration process you will be asked to enter information about your: business partners; shareholder, beneficial owners


 Shareholder should be a citizen or have a residence permit in any of the EU/EEA/EFTA countries. 


If the shareholder is a Natural person you will have to fill his/her information in the fields accordingly. The ID copy will be necessary. If the shareholder is Legal it also must be registered in one of the EU/EEA/EFTA countries. 

The beneficial owner’s information must be entered if he/she is not the same as shareholder. Beneficial owner should be a citizen or have a residence permit in any of the EU/EEA/EFTA countries.  


One of the last steps during the business account registration will be to provide some Corporate documents. We ask for corporate documents such as: Extract from trade center; Director’s Register (can also be included in the extract); Shareholder’s Register (can be also included in the extract); Power of attorney to open and account, other. 


Please carefully go through all information needed before registering and paying the on-boarding fee, which is not refundable.