1. Purpose of Business Verification (KYB)
The Business Verification (KYB) process is designed to verify the legal existence,
ownership structure, and operational legitimacy of a business entity seeking
verification through Proper User and Proper ID.
KYB verification may be required by partner platforms or requested voluntarily
by a verified Proper ID holder.
Completion of KYB does not guarantee approval.
2. Eligibility
To submit a Business Verification request, you must:
- Hold a fully verified Proper ID
- Be legally authorized to act on behalf of the business entity
- Provide accurate and complete business documentation
- Be at least 18 years of age
You confirm that you have full legal authority to bind the entity to these terms.
3. Information and Documentation Requirements
You agree to provide accurate, current, and complete information, including but
not limited to:
- Legal business name
- Registration number
- Registered address
- Nature of business activity
- Ownership structure
- Government-issued incorporation documents
- Proof of address
- Any additional documents required by Proper User
All documents must be authentic, unaltered, and legally valid.
Submission of falsified, manipulated, or misleading documentation constitutes a
material breach of these Terms.
4. Verification Process
Proper User may:
- Conduct internal compliance reviews
- Request additional documentation
- Perform identity verification of directors or stakeholders
- Conduct regulatory screening (including AML checks where required)
- Reject or suspend verification at its sole discretion
Proper User is not obligated to disclose internal review criteria.
5. Regulatory Compliance
You represent and warrant that:
- The business operates in compliance with applicable laws
- The business is not involved in illegal, fraudulent, or sanctioned activities
- The entity is not subject to international sanctions
- All provided stakeholder information is accurate
Proper User reserves the right to deny verification for regulatory,
compliance, or risk-related reasons.
6. Use of Verified Business Status
If approved:
- The business may be marked as “Business Verified”
- Certain partner platforms may rely on the verification status
- Verification does not create endorsement, partnership, or guarantee
- Partner platforms may still require additional verification
7. Ongoing Obligations
You agree to:
- Notify Proper User of any material changes to the business
- Maintain accurate information at all times
- Update ownership or structural changes immediately
Failure to do so may result in suspension or revocation.
8. Revocation
Proper User may suspend or revoke Business Verification if:
- Information becomes inaccurate
- Fraud is suspected
- Regulatory risks arise
- Documentation is later found invalid
Revocation may occur without prior notice where legally required.
9. Limitation of Liability
Proper User UAB shall not be liable for:
- Business losses
- Platform rejection
- Third-party reliance decisions
- Regulatory actions
Verification status is provided on an “as is” basis.
10. Governing Law
These Business Verification Terms shall be governed by the laws of the
Republic of Lithuania.
Any disputes shall be subject to the exclusive jurisdiction of the courts
of Lithuania.
11. Acceptance
By submitting a Business Verification request, you confirm that:
- You have read and understood these Terms
- You agree to be legally bound by them
- You are authorized to act on behalf of the business entity
