Use case 1 • New company and opening a bank account
Starting a company often requires entrepreneurs to repeatedly submit documents and verify their identity multiple times, coordinating with notaries, the chamber of commerce, tax authorities, and banks. This repetitive process is time-consuming and costly.
The Company Passport streamlines the company incorporation process by facilitating better integration of workflows between these entities. Entrepreneurs can submit necessary documents and verify their identity once, reducing administrative burden and costs.
Even after registration, entrepreneurs need to use existing data to open bank accounts, enter commercial relationships, or access wholesalers. Solutions built on the Company Passport framework securely facilitate storage and reuse of this information, making ongoing business activities smoother and more efficient.
Want to know more about the technical working of founding a company? Please visit our github.
