Opening a Revolut Account
Revolut is a modern financial platform offering a wide range of services for managing personal and corporate finances. With multi-currency accounts, favorable exchange rates, and the ability to make international transfers, Revolut has become a popular choice among individuals and businesses seeking convenience, security, and transparency in financial operations.
"Kadyrov, Drokonov & Partners" provides professional legal support at all stages of setting up a Revolut account. Our experts help with document preparation, verification, and addressing all legal aspects of working with international payment services.
We provide support aimed at mitigating risks and optimizing financial processes for our clients.
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Leave a request and our lawyers will contact you shortly to provide a consultation on your issue.
More about our services
- Conditions and Requirements
- Processing Time
- Fees
- Legal Support
Conditions and Requirements
To open a Revolut account, both individuals and legal entities need to meet certain conditions and provide the required documentation.
For Individuals:
Documents:
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Passport or another identification document.
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Proof of address.
Verification Procedure (KYC):
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Document upload through the Revolut mobile app.
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Identity verification through selfie or video identification.
Additional Conditions:
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Age 18 or older.
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Residency in one of the countries where Revolut is available.
For Legal Entities:
Documents:
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Company charter, registration certificate, and extract from the register of legal entities.
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List of company participants and directors.
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Documents confirming the authority of the person opening the account (e.g., meeting minutes or power of attorney).
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Information about beneficial owners (owning more than 25% of the capital).
Verification Procedure (KYC):
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Verification of submitted documents for compliance.
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Confirmation of the company's funding sources (if required).
Restrictions:
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Accounts are available for companies registered in countries supported by Revolut.
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Some sectors, such as high-risk financial services, require additional verification.
Revolut provides its services to residents of most European countries, as well as the US, UK, Australia, Singapore, Japan, and other jurisdictions.
Processing Time
For Individuals:
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Account registration takes from 10 to 30 minutes, provided all necessary documents are correctly submitted. Key steps include:
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Uploading personal data and documents through the mobile app.
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Passing the automatic KYC (Know Your Customer) verification.
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Gaining immediate access to account features after successful verification.
For Legal Entities:
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Opening a business account may take anywhere from a few days to two weeks. This is due to more complex verification procedures, including:
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Verification of company documents, such as the charter, registration certificates, and beneficiary lists.
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Clarification of the nature of the business and intended account use.
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Potential additional information requests from Revolut based on regulatory requirements.
Fees
The cost of service depends on the chosen pricing plan and additional services requested.
For Individuals
Revolut offers several pricing plans:
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Standard: Free, includes basic features such as multi-currency accounts, transfers between Revolut users, and a limited amount of currency exchange without fees.
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Plus: From €2.99 per month, includes extended features (+ purchase protection).
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Premium: From €7.99 per month, includes travel insurance, higher transaction limits, and other benefits.
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Metal: From €13.99 per month, offers exclusive features including cashback, personalized support, and higher limits.
For Legal Entities
Revolut Business offers plans tailored for companies of various sizes:
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Free: A basic plan with no monthly fee but limited transaction volume.
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Grow: From €25 per month, suitable for small and medium businesses with higher limits and access to integration tools.
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Scale: From €100 per month, designed for companies with higher transaction volumes and advanced management features.
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Enterprise: Custom pricing for large companies with personalized solutions.
Additional Fees
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Currency Conversion: Transactions within monthly limits are free; beyond the limit, a 0.5% fee applies.
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International Transfers: Free between Revolut users, but additional fees may apply for SWIFT transfers.
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Cash Withdrawals: Free within limits (e.g., up to €200 for Standard); beyond the limit, a 2% fee applies.
Legal Support
Opening an account with Revolut can come with complications, such as incorrect documentation, difficulty identifying company beneficiaries, or account blocks during transaction checks. These issues are particularly relevant for legal entities with complex structures or foreign founders.
"Kadyrov, Drokonov & Partners" helps eliminate such risks by offering services for document preparation and verification, supporting the KYC process, and consulting on compliance with Revolut’s requirements. Our experts promptly resolve disputes and ensure compliance with all legal and tax regulations so that you can enjoy the benefits of the service without delays.
To get a consultation or discuss cooperation, please contact us via the form on our website or the provided contact details.Why Choose Us?
20+
Jurisdictions
800+
Satisfied Clients
Long-term Results
Our expert legal strategies streamline business processes and ensure desirable outcomes, even in complex litigation cases
Unique Legal Solutions for Every Jurisdiction
Our deep international expertise allows us to offer customized solutions beyond standard legal service packages
Industry Expertise & Recognition
Our specialists publish in leading legal journals, shaping industry trends and reinforcing their authority in the legal field
Collaboration with Market Leaders
We work with major corporations and key market players
46 years
Of Combined Experience
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