# Capital Payment Account

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Due to current capacity limitations, we are **NOT** accepting new applications for capital payment accounts. We will resume accepting applications once capacity has been restored. 

Thank you for your understanding!
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### Eligibility

If you plan to open a Fiat24 capital payment account in order to establish a business entity or raise additional capital, your entity must fulfil the following cumulative criteria:

* Legal form as joint-stock companies (AG), limited liability companies (GmbH) or Foundation 
* Controlling person(s) and shareholder(s) not sanctioned or [PEP](https://www.fedlex.admin.ch/eli/cc/1998/892_892_892/en#art_2_a) or [US Persons](https://www.fincen.gov/who-united-states-person)
* Domicile in Switzerland.

### Registration Steps

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{% step %}

### Preliminary questions

You may ask any preliminary questions [here](https://t.me/fiat24bot).

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### Pay the Application Fee

The fixed application fee to review your application for a Capital Payment Account is 1'000 CHF.

{% hint style="warning" %}
Note: The payment of the application fee does not guarantee that an account can be opened. We will **not** return the application fee even if the application is unsuccessful.
{% endhint %}

The payment instruction is:

{% hint style="info" %}
SR Saphirstein AG\
Bellerivestrasse 245, 8008 Zurich, Switzerland

***IBAN***\
`CH91 8305 1000 0000 0000 0`

***Bank***\
SR Saphirstein AG   (`BIC SAHHCHZ2`)

***Payment purpose / Memo***\
Capital Payment Application - <mark style="color:red;">Your entity name</mark>
{% endhint %}

{% endstep %}

{% step %}

### Contact us after paying the application fee

Please contact <corporate@fiat24.com> with the following two elements:

* **Email Subject**: "Application for Capital Payment Account - <mark style="color:red;">your entity name</mark>".
* **Attachment**: Payment confirmation of the application fee

{% hint style="warning" %}
Note: Only emails with the payment confirmation attached will be considered.
{% endhint %}

We will then contact you with further steps.

{% endstep %}

{% step %}

### Receive the Capital Payment Instruction

If your application is successful, your capital payment account will be opened within 3-5 business days and you will receive the Payment Instruction *in PDF form by email*.

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### Beneficiary Owners pay the capital

Beneficiary owners can now pay the capital (in CHF or EUR) into the account.

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### Receive the Pay-In Certificate

Once all capital is paid in, we will issue a *printed* Pay-In Certificate to you, which is eligible for Swiss cantonal Commercial Registries to register the company.

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{% step %}

### Transfer the funds out

After the entity is established, you will have 2 options:

1. Instruct us to wire the capital into your entity's account with another bank.
2. Open a [**Business Account**](https://docs.fiat24.com/user/account-types/business-account) with Fiat24, and all the paid capital will be transferred to your Business Account.

{% hint style="warning" %}
Note:&#x20;

1. For CHF payouts, we only accept Swiss bank accounts. The IBAN must start with “CH”.
2. Fiat24 Business Account application is subject to its own application process and eligibility criteria.
   {% endhint %}
   {% endstep %}
   {% endstepper %}


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