As you know, Qonto is a regulated financial institution. We are required to report to the competent authorities our clients who are US tax residents or tax residents of a country other than France. Do not worry, this is a simple administrative formality.

Are you a US citizen or tax resident? Is your company subject to tax in the United States?

Simply fill out the form by providing us with your US Tax Identification Number (TIN) or that of your company. You generally use it for all your administrative and tax procedures.

For individuals, this is the social security number (SSN) or the employer identification number (EIN). Find more information here.

For legal entities, you will find this number on your tax return.

Do not delay too long in responding. Without a response from you and if you are a US tax resident, you may be subject to a flat withholding tax of 30% on certain of your US income in accordance with their regulations.

Do you or your company have a country other than France or the United States as tax residence?

Simply fill out the form by providing us with your Tax Identification Number (TIN) or that of your company if you have one. You can find it on your tax return or that of your business. Learn more

Please note that not all countries have a Tax Identification Number. In which case the country of your tax residence or that of your business will suffice.

Is your company a Passive Non-Financial Entity (Passive NFE)?

If your tax residence or that of your business is based in the United States or in a country other than France, then you must inform us if your company is a Passive Non-Financial Entity (Passive NFE).

What is a Passive NFE?

A Passive NFE is an entity of which more than 50% of income is considered "passive", (dividends, rents, interest, capital gains...) or of which more than 50% of assets generate passive income. This is for example the case of a family real estate company for wealth management purposes, an asset management company or an investment fund.

Is one of the beneficial owners, in the Passive NFE, a US tax resident or from a country other than France?

Simply provide us with their last name, first name, date/place of birth and tax identification number.

☝️ As a reminder, a beneficial owner is an individual possessing more than 25% of the capital, voting rights or any control power over a company.