Business accounts are now here for Estonian private limited companies (OÜ or osaühing) that have a single owner, beneficiary and a director, who reside in a country in which Lightyear is already available for personal accounts.

These accounts are available for certain low-risk industries. Please see the document “List of high-risk industries” in our [Legal documents](https://golightyear.com/documents), which describe the industries we currently do not onboard.

A Lightyear business account is connected to the owner’s verified personal account but each account is created and managed separately. This means that deposits, conversions and withdrawals in your business account are separated from your personal account actions. It’s also important to remember that we can only accept deposits to Lightyear business accounts from the business’ bank account.

To navigate from one account to another, you have three options in the Lightyear app:
- Select your profile in the top left corner and tap on the business account button under your name
- Tap and hold on your profile icon in the top left corner of the app
- Swipe up or down over your profile icon in the top left corner of the app

Business accounts: who can open one and how do they work?

Everything you need to know about signing up and verifying your account.

Getting verified

Our trading product is only available at this time on our Android and iOS mobile apps. We have plans to launch our services on our full website which we’ll share more about in future.

Do I have to download the app, or do you have a website?

As part of our ongoing due diligence and regulatory requirements, we sometimes require additional information about how you have generated your wealth (source of wealth) and connecting that source to the funds you have just sent us (source of funds).

**What is a “Source of Wealth”?**

Your source of wealth generally refers to the activities which generated or significantly contributed to your overall net worth. This could be the accumulation of your salaried income, financial and other assets such as inheritance, investments, property sales, etc.

In addition to specifying your source of wealth, we may also ask for supporting documentation so we can verify the information you provided us.


Here are some common examples of sources of wealth and the relative documents we might require.

**Salary:** We may ask for one or more of the following:

- an employment contract or letter from employer confirming your salary
- recent pay slips
- last 6 months bank statements
- last annual tax return

**Property sale:** We may ask for one or more of the following:

- certified copies of the signed sales contract
- a signed letter from an attorney
- bank statements showing the amount received

**Inheritance:** We may ask for one or more of the following:

- a signed copy of the will 
- a court document
- certificate of inheritance (EU) or grant of probate (in the UK) 
- a signed letter from an attorney
- bank statements showing the amount received

**Other investments or sources:** We may ask for one or more of the following:

- investment certificates
- contract notes or portfolio statements
- confirmation from your investment company, bank, or brokerage
- a signed letter from an attorney or licensed accountant
- bank statements showing the amount received

Please note the above list is not exhaustive and we may require or accept alternative proofs depending on your circumstances. 

When asked, please submit entire, legible copies of the original documents. We won’t be able to accept partial, incomplete or ineligible documents.

**What is “Source of Funds”?**

Your source of funds is specific to the particular funds you are using for a particular purpose, in this case investing with Lightyear.

For example, if you are using money you have received from your salary to invest with us, a payslip would be the “source of wealth” document and a bank statement would be the “source of funds” document.

If you have any questions or issues about any of the above, don’t hesitate to get in touch with our support team.


Providing source of wealth

As a regulated financial institution, we have obligations to make sure we know who is using our service to ensure the safety and security of our platform. This means we may need to verify your identity or address and to do this we’ll ask for relative documents.

**Verifying your Identity**

If required, we’ll ask for an accepted photo identification document. Documents we accept for this include:

- Passports
- National identity cards
- Driving licences
- Biometric residence permits (BRPs)
 

NB! Please note that identity documents must include a photo. When submitting them, we will require clear, legible copies or photos, as well as both sides of the document if it is a national identity document or driving licence.

**Verifying your address**

Your document must contain the name and/or address you used to sign up with and if a bill or statement must be from the last 3 months. Proof of address documents we accept include:

- utility bill (e.g. gas, electric, water, internet, landline telephone)
- bank statement
- document issued by an acceptable public (government) authority. (e.g. driving licence, council tax bill, municipality bill, social insurance statement, rental agreement, or local government registry extract)

Note: If you submitted your driving licence to verify your identity, we can’t accept it as proof of your address and will require a different document.

As a regulated financial institution, we have obligations to make sure we know who is using our service to ensure the safety and security of our platform. This means we may need to verify your identity or address and to do this we’ll ask for relative documents.

**Verifying your Identity**

If required, we’ll ask for an accepted photo identification document. Documents we accept for this include:

- Passports
- National identity cards
- Driving licences
- Residence permits
 

NB! Please note that identity documents must include a photo. When submitting them, we will require clear, legible copies or photos, as well as both sides of the document if it is a national identity document, driving licence, or residence permit.

**Verifying your address**

Your document must contain the name and/or address you used to sign up with and if it's a bill, statement or rental agreement, it must be from the last 6 months. Proof of address documents we accept include:

- utility bill (e.g. electricity, water, gas, telephone or Internet bill)
- bank / credit card statement
- residence permit if your address is listed on it
- signed rental agreement
- document issued by an acceptable public (government) authority e.g. municipality bill, social insurance statement, or local government registry extract 

Note: If you submitted your residence permit to verify your identity, we can’t accept it as proof of your address and will require a different document.

Verifying your identity and address

Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers or fees. We make investing approachable with a simple and easy to use app.

What problems are you solving?

- **Expensive and opaque fee structures:** Traditional players often have hidden and high cost fees
- **Limited access to markets:** Local brokers often offer bad access to global markets 
- **Limited information and education:** Typically lacking or hard to understand

We’re at the beginning of our journey and haven’t solved the entire problem just yet, but believe that we’re already Lightyears ahead of the incumbents.

**What do you offer?**

We give you access to: 

1. A multi-currency account to deposit, hold and convert across three different currencies. Find out more by reading the “How does your multi-currency account work?” article  [here](https://golightyear.com/help/deposits-conversions-and-withdrawals/how-does-your-multi-currency-account-work).
2. Access to over 3000 global stocks and ETFs. This list is continually growing.

Our mission does not stop there as we also believe in helping you become a better investor. To do this, we’re building bespoke tools that are tailored to your needs, no matter if you’re at the beginning of your investment journey or a seasoned expert.

In the app you’ll find:

- Custom charts
- Instrument fundamentals
- Analyst ratings & price targets
- Financials, news and more

We’re passionate about continuously evolving and ensuring you have the best tools available at your fingertips. Our services vary depending on where you are based. To find out exactly what you’ll have access to, check out our offered services article.

**How much does it cost?**

Visit our “[Fees and taxes](https://golightyear.com/help/deposits-conversions-and-withdrawals/fees-and-taxes)” article for more on the cost of using Lightyear.


What do you offer and how much does it cost

What is Lightyear

You have to be 18+ and an eligible person currently residing in the United Kingdom or select European countries to use our service today. We’re working hard on increasing this eligibility. Read more about what you’ll need to sign up [here](https://golightyear.com/help/getting-verified/verifying-your-identity-and-address).

Products or services available to you vary depending on where you reside, see the below:




<figure class="table"><table><tbody><tr><td style="background-color:#ffded3;">Residence</td><td style="background-color:#ffded3;">Multi-currency account</td><td style="background-color:#ffded3;">US Securities</td><td style="background-color:#ffded3;">UK securities</td><td style="background-color:#ffded3;">EU securities</td><td style="background-color:#ffded3;">ETFs</td></tr><tr><td>Austria Belgium Cyprus (Republic of) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain United Kingdom</td><td style="text-align:center;">Unique local account details for GBP or EUR (depending on your local currency). Allowing you to deposit, hold, convert and withdraw&nbsp; Ability to convert to and hold USD&nbsp;(USD deposits and withdrawals not available yet)</td><td style="text-align:center;">✓</td><td style="text-align:center;">Coming soon</td><td style="text-align:center;">✓</td><td style="text-align:center;">✓</td></tr><tr><td style="background-color:#B9B9B9;text-align:center;">Rest of the world</td><td style="background-color:#B9B9B9;border-style:solid;text-align:center;" colspan="5">Not supported yet</td></tr></tbody></table></figure>

We unfortunately can’t offer you our services if you reside outside of the UK or the above listed EU countries but, fear not, we’re working hard on expanding. As well, if you are a citizen or tax resident of the United States, we can’t offer you our products or services just yet.

What services do you offer and who is eligible?

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