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# Why have my company's supporting documents been rejected ?

### ${color}[#3faae1](The most common reasons)
The rejection of supporting documents for a legal entity is most often due to one of the following three reasons:
* A **KBIS extract dated** more than 3 months ago
* **Articles of Association that are unsigned** and/or out of date
* An **Beneficial Ownership Declaration** that is incomplete or incorrect

### ${color}[#3faae1](What is a Beneficial Owner?)
A **Beneficial Owner** is a natural person who holds, directly or indirectly, more than 25 per cent of a company’s shares or voting rights. Every company must declare all its Beneficial Owners, specifying the exact nature of their holdings.

### ${color}[#3faae1](Before submitting your documents, please check the following points)
The **KBIS is recent** (less than 3 months old)
**The articles of association** are **dated and signed** by the company’s legal representative
The declaration of beneficial owners is complete, taking full account of the method of ownership (sole shareholder, multiple shareholders, separation of usufruct and bare ownership, indirect ownership via another company, etc.)

### ${color}[#3faae1](Need help with a specific case?)
If your company’s structure differs from the most common scenarios, please do not hesitate to contact our team for assistance in putting together your application.