Types of Legal Entities for Business Account Opening
Introduction
Ipermoney offers business account services to various types of legal entities, both commercial and non-profit, operating within the European Union. Our platform is designed to support the financial needs of a wide range of organizations, from startups to multinationals, from associations to foundations.
Legal Entities by Country
Austria
Commercial Entities:
GmbH (Gesellschaft mit beschränkter Haftung) - Limited Liability Company
AG (Aktiengesellschaft) - Public Limited Company
OG (Offene Gesellschaft) - General Partnership
KG (Kommanditgesellschaft) - Limited Partnership
Non-Profit Entities:
Verein - Association
Stiftung - Foundation
Privatstiftung - Private Foundation
Belgium
Commercial Entities:
BV/SRL (Besloten Vennootschap/Société à Responsabilité Limitée) - Private Limited Company
NV/SA (Naamloze Vennootschap/Société Anonyme) - Public Limited Company
VOF/SNC (Vennootschap onder Firma/Société en Nom Collectif) - General Partnership
Comm.V/SComm (Commanditaire Vennootschap/Société en Commandite) - Limited Partnership
Non-Profit Entities:
VZW/ASBL (Vereniging Zonder Winstoogmerk/Association Sans But Lucratif) - Non-Profit Association
Stichting/Fondation - Foundation
Bulgaria
Commercial Entities:
ООД (Дружество с ограничена отговорност) - Limited Liability Company
АД (Акционерно дружество) - Joint Stock Company
СД (Събирателно дружество) - General Partnership
КД (Командитно дружество) - Limited Partnership
Non-Profit Entities:
Сдружение - Association
Фондация - Foundation
Croatia
Commercial Entities:
d.o.o. (Društvo s ograničenom odgovornošću) - Limited Liability Company
d.d. (Dioničko društvo) - Joint Stock Company
j.d. (Javno društvo) - General Partnership
k.d. (Komanditno društvo) - Limited Partnership
Non-Profit Entities:
Udruga - Association
Zaklada - Foundation
Cyprus
Commercial Entities:
Ltd (Private Limited Company)
Plc (Public Limited Company)
Partnership - General Partnership
Limited Partnership
Non-Profit Entities:
Association
Foundation
Trust
Czech Republic
Commercial Entities:
s.r.o. (Společnost s ručením omezeným) - Limited Liability Company
a.s. (Akciová společnost) - Joint Stock Company
v.o.s. (Veřejná obchodní společnost) - General Partnership
k.s. (Komanditní společnost) - Limited Partnership
Non-Profit Entities:
Spolek - Association
Nadace - Foundation
Nadační fond - Foundation Fund
Denmark
Commercial Entities:
ApS (Anpartsselskab) - Private Limited Company
A/S (Aktieselskab) - Public Limited Company
I/S (Interessentskab) - General Partnership
K/S (Kommanditselskab) - Limited Partnership
Non-Profit Entities:
Forening - Association
Fond - Foundation
Estonia
Commercial Entities:
OÜ (Osaühing) - Private Limited Company
AS (Aktsiaselts) - Public Limited Company
TÜ (Täisühing) - General Partnership
UÜ (Usaldusühing) - Limited Partnership
Non-Profit Entities:
Mittetulundusühing - Non-Profit Association
Sihtasutus - Foundation
Finland
Commercial Entities:
Oy (Osakeyhtiö) - Limited Company
Oyj (Julkinen osakeyhtiö) - Public Limited Company
Ay (Avoin yhtiö) - General Partnership
Ky (Kommandiittiyhtiö) - Limited Partnership
Non-Profit Entities:
Yhdistys - Association
Säätiö - Foundation
France
Commercial Entities:
SARL (Société à Responsabilité Limitée) - Limited Liability Company
SA (Société Anonyme) - Public Limited Company
SAS (Société par Actions Simplifiée) - Simplified Joint Stock Company
SASU (Société par Actions Simplifiée Unipersonnelle) - Single-member SAS
SNC (Société en Nom Collectif) - General Partnership
EURL (Entreprise Unipersonnelle à Responsabilité Limitée) - Single-member SARL
Non-Profit Entities:
Association loi 1901 - Association under 1901 Law
Fondation - Foundation
Fonds de dotation - Endowment Fund
Germany
Commercial Entities:
GmbH (Gesellschaft mit beschränkter Haftung) - Limited Liability Company
AG (Aktiengesellschaft) - Public Limited Company
UG (Unternehmergesellschaft) - Entrepreneurial Company
KG (Kommanditgesellschaft) - Limited Partnership
OHG (Offene Handelsgesellschaft) - General Partnership
Non-Profit Entities:
e.V. (eingetragener Verein) - Registered Association
Stiftung - Foundation
gGmbH (gemeinnützige GmbH) - Non-Profit Limited Company
Greece
Commercial Entities:
ΕΠΕ (Εταιρεία Περιορισμένης Ευθύνης) - Limited Liability Company
ΑΕ (Ανώνυμη Εταιρεία) - Public Limited Company
ΟΕ (Ομόρρυθμη Εταιρεία) - General Partnership
ΕΕ (Ετερόρρυθμη Εταιρεία) - Limited Partnership
Non-Profit Entities:
Σωματείο - Association
Ίδρυμα - Foundation
Hungary
Commercial Entities:
Kft. (Korlátolt felelősségű társaság) - Limited Liability Company
Rt./Nyrt. (Részvénytársaság/Nyilvánosan működő részvénytársaság) - Joint Stock Company
Bt. (Betéti társaság) - Limited Partnership
Kkt. (Közkereseti társaság) - General Partnership
Non-Profit Entities:
Egyesület - Association
Alapítvány - Foundation
Ireland
Commercial Entities:
Ltd (Private Company Limited by Shares)
Plc (Public Limited Company)
LLP (Limited Liability Partnership)
Partnership - General Partnership
Non-Profit Entities:
CLG (Company Limited by Guarantee)
Trust
Charity
Unincorporated Association
Italy
Commercial Entities:
S.r.l. (Società a Responsabilità Limitata) - Limited Liability Company
S.p.A. (Società per Azioni) - Public Limited Company
S.n.c. (Società in Nome Collettivo) - General Partnership
S.a.s. (Società in Accomandita Semplice) - Limited Partnership
S.a.p.A. (Società in Accomandita per Azioni) - Partnership Limited by Shares
S.r.l.s. (Società a Responsabilità Limitata Semplificata) - Simplified Limited Company
Non-Profit Entities:
Associazione (riconosciuta e non riconosciuta) - Association (recognized and unrecognized)
Fondazione - Foundation
Comitato - Committee
ETS (Ente del Terzo Settore) - Third Sector Entity
ONG (Organizzazione Non Governativa) - Non-Governmental Organization
Latvia
Commercial Entities:
SIA (Sabiedrība ar ierobežotu atbildību) - Limited Liability Company
AS (Akciju sabiedrība) - Joint Stock Company
PS (Pilnsabiedrība) - General Partnership
KS (Komandītsabiedrība) - Limited Partnership
Non-Profit Entities:
Biedrība - Association
Nodibinājums - Foundation
Lithuania
Commercial Entities:
UAB (Uždaroji akcinė bendrovė) - Private Limited Company
AB (Akcinė bendrovė) - Public Limited Company
TUB (Tikroji ūkinė bendrija) - General Partnership
KUB (Komanditinė ūkinė bendrija) - Limited Partnership
Non-Profit Entities:
Asociacija - Association
Fondas - Foundation
Luxembourg
Commercial Entities:
S.à r.l. (Société à responsabilité limitée) - Limited Liability Company
S.A. (Société anonyme) - Public Limited Company
S.e.c.s. (Société en commandite simple) - Limited Partnership
S.N.C. (Société en nom collectif) - General Partnership
Non-Profit Entities:
Association sans but lucratif (a.s.b.l.) - Non-Profit Association
Fondation - Foundation
Malta
Commercial Entities:
Ltd (Private Limited Company)
Plc (Public Limited Company)
Partnership - General Partnership
Limited Partnership
Non-Profit Entities:
Voluntary Organisation
Foundation
Trust
Netherlands
Commercial Entities:
B.V. (Besloten Vennootschap) - Private Limited Company
N.V. (Naamloze Vennootschap) - Public Limited Company
V.O.F. (Vennootschap onder Firma) - General Partnership
C.V. (Commanditaire Vennootschap) - Limited Partnership
Non-Profit Entities:
Vereniging - Association
Stichting - Foundation
ANBI (Algemeen Nut Beogende Instelling) - Public Benefit Organization
Poland
Commercial Entities:
Sp. z o.o. (Spółka z ograniczoną odpowiedzialnością) - Limited Liability Company
S.A. (Spółka akcyjna) - Joint Stock Company
S.j. (Spółka jawna) - General Partnership
S.k. (Spółka komandytowa) - Limited Partnership
Non-Profit Entities:
Stowarzyszenie - Association
Fundacja - Foundation
Portugal
Commercial Entities:
Lda. (Sociedade por Quotas) - Limited Liability Company
S.A. (Sociedade Anónima) - Public Limited Company
S.N.C. (Sociedade em Nome Coletivo) - General Partnership
S.C. (Sociedade em Comandita) - Limited Partnership
Non-Profit Entities:
Associação - Association
Fundação - Foundation
Romania
Commercial Entities:
S.R.L. (Societate cu Răspundere Limitată) - Limited Liability Company
S.A. (Societate pe Acțiuni) - Joint Stock Company
S.N.C. (Societate în Nume Colectiv) - General Partnership
S.C.S. (Societate în Comandită Simplă) - Limited Partnership
Non-Profit Entities:
Asociație - Association
Fundație - Foundation
Slovakia
Commercial Entities:
s.r.o. (Spoločnosť s ručením obmedzeným) - Limited Liability Company
a.s. (Akciová spoločnosť) - Joint Stock Company
v.o.s. (Verejná obchodná spoločnosť) - General Partnership
k.s. (Komanditná spoločnosť) - Limited Partnership
Non-Profit Entities:
Občianske združenie - Civic Association
Nadácia - Foundation
Slovenia
Commercial Entities:
d.o.o. (Družba z omejeno odgovornostjo) - Limited Liability Company
d.d. (Delniška družba) - Joint Stock Company
d.n.o. (Družba z neomejeno odgovornostjo) - General Partnership
k.d. (Komanditna družba) - Limited Partnership
Non-Profit Entities:
Društvo - Association
Ustanova - Foundation
Spain
Commercial Entities:
S.L. (Sociedad de Responsabilidad Limitada) - Limited Liability Company
S.A. (Sociedad Anónima) - Public Limited Company
S.C. (Sociedad Colectiva) - General Partnership
S.Com. (Sociedad Comanditaria) - Limited Partnership
Non-Profit Entities:
Asociación - Association
Fundación - Foundation
Sweden
Commercial Entities:
AB (Aktiebolag) - Limited Company
HB (Handelsbolag) - General Partnership
KB (Kommanditbolag) - Limited Partnership
Non-Profit Entities:
Förening - Association
Stiftelse - Foundation
European Transnational Entities
SE (Societas Europaea) - European Company
EEIG (European Economic Interest Grouping)
ECBA (European Cross-Border Association) - when available
Foreign Companies (Non-EU)
Opening Requirements
Companies incorporated outside the European Union may apply for business account opening with Ipermoney exclusively if they can demonstrate substantial economic relationships with at least one EU Member State.
Required Documentation
Commercial contracts with European counterparties
Invoicing to EU customers
Operational presence (offices, branches, representations) in European territory
Investments in economic activities within the EU
Partnerships with European entities
Licenses or authorizations to operate in EU markets
Economic Relationship Assessment
The assessment of substantial economic relationships is conducted case by case, considering:
Volume and continuity of transactions
Nature of economic activity
Presence of direct investments
Duration and stability of commercial relationships
Verification and Onboarding Procedures
Standard Documentation
All entities must provide:
Certificate of incorporation and articles of association
Updated company registry extract
Identity documents of legal representatives
Tax code/VAT number
Financial statements from recent years (if applicable)
Enhanced Due Diligence
For complex or high-risk entities:
Ownership structure verification
Ultimate beneficial owner identification
Economic activity analysis
Compliance with applicable regulations
Limitations and Exclusions
Non-Admitted Sectors
Illegal or unregulated activities
Unauthorized cryptocurrencies and digital assets
Unlicensed gambling
Activities not compliant with applicable regulations
Excluded Entities
Shell companies or purely speculative vehicles
Sanctioned entities or those on international blacklists
Organizations with extremist political purposes
Opaque structures without economic substance
Important Disclaimer
Business account opening is subject to legal verifications required by applicable regulations. Ipermoney reserves the right to deny account opening at its sole and absolute discretion, even in the presence of complete documentation, should there be doubts about the legitimacy of the activity, the transparency of the corporate structure, or compliance with our risk standards. The final decision on accepting the application remains the exclusive competence of Ipermoney and is not subject to appeal.
Support and Consultancy
Our team of experts is available for:
Consultation on necessary documentation
Assistance in the onboarding process
Support for entities with complex structures
Guidance for foreign companies on EU requirements
For more information or to start the account opening process, contact our business team at [email protected] or through the dedicated client portal.
Last updated: May 2025