Business Types and KYC Documents

List of Business Types and KYC documents required for various businesses.

Given below are the business types supported by Razorpay and KYC documents required for various businesses.

Business Types🔗

Razorpay supports the following business types:

Business Type	Description	Example
LLP	LLP stands for Limited Liability Partnership. It is a combination of partnership and corporation. The partners have limited liability, which means that the partners' personal assets are not used for paying off the company's debts. Know about the documents to be submitted to Razorpay for KYC verification.	Dental offices, auditing firms, financial advising services, business consultancies and so on.
NGO	A non-governmental organisation (NGO) is a non-profit group that functions independently of any government. NGOs are organised on community, national and international levels to serve a social or political goal. Know about the documents to be submitted to Razorpay for KYC verification.	GOONJ – a voice, an effort, Help Age India, Smile Foundation and so on.
Partnership	A partnership is an arrangement between two or more people who agree to be the co-owners, distribute responsibilities for running an organisation and share the income or losses that the business generates. Know about the documents to be submitted to Razorpay for KYC verification.	Law firms, physician groups, real estate investment firms and so on.
Private Limited	A private limited company is a business entity held by a small number of people. It does not offer stocks for sale to the general public. Know about the documents to be submitted to Razorpay for KYC verification.	Google India Pvt. Ltd., Parle Products Pvt. Ltd., Malabar Gold Pvt. Ltd. and so on.
Public Limited	A public limited company is a business entity that has limited liability and offers shares to the general public. Know about the documents to be submitted to Razorpay for KYC verification.	Bharat Heavy Electricals Ltd., Steel Authority of India Ltd., Oil and Natural gas Corporation Ltd. and so on.
Sole Proprietorship	This business entity is owned, controlled and operated by a single individual who is the sole beneficiary of all profits or losses and responsible for all risks. Know about the documents to be submitted to Razorpay for KYC verification.	Small businesses such as a local grocery store, a local clothes store, an artist, freelance writer, IT consultant, freelance graphic designer and so on.
Trust	A trust is a fiduciary relationship in which a trustor gives the trustee the right to hold title to property or assets for the benefit of a third party, the beneficiary. Trusts are established to provide legal protection for the trustor’s assets. Know about the documents to be submitted to Razorpay for KYC verification.	A beneficiary may transfer property to a trustee and grant them the right to manage it.
HUF	HUF stands for Hindu Undivided Family, which consists of all persons directly descended from a common ancestor and includes their wives and unmarried daughters. A HUF cannot be created under a contract, it is created automatically in a Hindu Family. Know about the documents to be submitted to Razorpay for KYC verification.	Haldiram's Private Limited.

KYC Documents🔗

Following is the list of Know Your Customer (KYC) documents Razorpay needs to verify your KYC. You need to upload scanned photocopies (soft copy) of these documents.

LLP/Private Limited/Public Limited🔗

Proof Required	Supporting Documents
Proof of Business Identity	Certificate of Incorporation
Proof of Business Existence	Income Tax Registration (Company PAN Card)
Proof of Identity of Business Owners and Authorised Signatory	Government-approved authorised signatory identity proof (Like Aadhar Card/Voter Card/DL/Passport and so on.) Authorised signatory PAN Card details.

Handy Tips
The PAN card details and authorised signatory address proof, that is, Aadhar Card and Passport should be of the same person.

Partnership🔗

Proof Required	Supporting Documents
Proof of Business Identity	Registered Partnership Deed Any one of Sales Tax Registration Or VAT /TIN Registration Or Shops and Establishments Certificate Or Trade License
Proof of Business Existence	Income Tax Registration (Company PAN Card)
Proof of Business Working	Current Account Statement (past three months) Or Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners and Authorised Signatory	Government-approved authorised signatory identity proof (Like Aadhar Card/Voter Card/DL/Passport and so on.) Authorised signatory PAN Card details.

Handy Tips
The PAN Card details and authorised signatory address proof, that is, Aadhar Card and Passport should be of the same person.

Sole Proprietorship🔗

Proof Required	Supporting Documents
Proof of Business Identity and Existence	VAT Registration Or Shops and Establishments Certificate Or Trade License, TIN Or Sales Tax Registration Or GST Certificate.
Proof of Business Working	Current Account company bank statement (past three months) Or Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners	Income Tax Registration (PAN Card)
Proof of address of Business Owners	Government-approved identity and address Proof of Proprietor (Like Aadhar Card/Voter Card/DL/Passport.)

Trust/NGO🔗

Proof Required	Supporting Documents
Proof of Business Identity and Existence	Registered Trust Deed Any one of Sales Tax Registration Or VAT /TIN Registration, Trade License and so on.
Proof of Business Existence	Income Tax Registration (Company PAN Card)
Proof of Business Working	Current Account Statement (past three months)Or Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners and Authorised Signatory	Government-approved authorised signatory identity proof (Like Aadhar Card/Voter Card/DL/Passport and so on.) Authorised signatory PAN Card details.

Handy Tips
The PAN Card details and authorised signatory address proof, that is, Aadhar Card and Passport should be of the same person.

HUF🔗

Proof Required	Supporting Documents
Proof of Business Identity and Existence	Registered HUF Deed Any one of Sales Tax Registration Or VAT /TIN Registration, Trade License and so on.
Proof of Business Existence	Income Tax Registration (Company PAN Card)
Proof of Business Working	Current Account Statement (past three months)Or Cancelled cheque Or first page of settlement account
Proof of Identity of Business Owners and Authorised Signatory	Government-approved authorised signatory identity proof (Like Aadhar Card/Voter Card/DL/Passport and so on.) Authorised signatory PAN Card details.

Handy Tips
The PAN Card details and authorised signatory address proof, that is, Aadhar Card and Passport should be of the same person.

Create a Razorpay Account

ON THIS PAGE

Related Information