Beneficial owners
We received as follows:
Hello,
We are contacting you as we require the beneficial owners of your business to be registered on your account.
A beneficial owner is any natural person who meets any of the criteria listed below:
– Ultimately owns or controls your business or on whose behalf any transaction or activity is conducted.
– Directly or indirectly owns more than 25% of the shares or voting rights in your business.
– Otherwise exercises control over the management of your business.
If you do not update your beneficial owner information, your account will be restricted as follows:
– In 14 days from now, your funds will no longer be disbursed in any UK and European stores.
– In 28 days from now, your ability to sell on Amazon UK or Amazon European stores could be impacted.
To continue with your account verification, update the number of beneficial owners by following the instructions below.
- Go to the “Identity Information” section of Seller Central:
https://sellercentral-europe.amazon.com/sw/SSR/BusinessKYCInfo/spaDashboard - Click “+Add beneficial owner” which is located at the bottom of the screen, in blue font.
- Enter the beneficial owners’ details.
- Click “Submit for Verification”.
0 replies
Seller_5dl47UC9IHw4c
I informed:
Hello,
These two apply to me:
– Ultimately owns or controls your business or on whose behalf any transaction or activity is conducted.
– Otherwise exercises control over the management of your business.
I see that you are requesting more information, however, I was not sure what more information you need from me.
Is it business information? there is no change than I have on file.
Thank you very much
Seller_5dl47UC9IHw4c
again informed:
Hello,
I gave you all the information that you need.
I said that these two criteria match with me. That can be enough I believe.
A beneficial owner is any natural person who meets any of the criteria listed below: – Ultimately owns or controls your business or on whose behalf any transaction or activity is conducted. – Otherwise exercises control over the management of your business.
Is it that the only way you will accept it is if I own 25% or more shares?
or do you need other directors to be named as the beneficiary? They are beneficiary of the business, not for this amazon account.
The note is: I will be the sole beneficiary (sole beneficiary of the money after the expenses) for this Amazon account.
There is another director of the corporation. However, this Amazon account will belong to me by 100%.
I can provide a letter (signed by both directors) if that is required.
The other director wants to have another Amazon account where he will be the 100% beneficiary of that Amazon account.
Thank you very much for your understanding.
Seller_5dl47UC9IHw4c
The last annual return I myself signed/submitted to the Govt. I added that to provide proof of my relation to the corp.
Seller_5dl47UC9IHw4c
I also submitted the Schedule 50 that shows the share allotment of the corporation. I do not have a share. I am a director in operational and control and decision making sense (controls your business or on whose behalf any transaction or activity is conducted, also exercises control over the management of your business.).
Schedule 50 will not show my name owning any share. Is that a must that I have to own share? Do I need to own 25% or more share? what if I do not own any but still be a director. what if I own anything less than 25 %?
