Your sole proprietor business account, boosted.

The Qonto business account is a current account specifically designed for companies (e.g. sole proprietorships). Just as with a personal current account, you can make and receive payments, only business accounts generally come with additional services that help support the company’s day-to-day finance management.

There are many benefits to having a Qonto account, especially for solo entrepreneurs:

• the integration of accounting software,
• the management of several business debit cards and many free transactions per month.

For a more detailed list of features, click here.

To open a business account with Qonto, you need the following information:

• legal name of your company
• type of company (legal form);
• your registration date;
• your registration code;
• your Steuernummer;
• type of business activity;
• the industry your business operates in;
• your industry code;
• the number of employees in your company;
• details about the ownership and company structure;
• Gewerbeschein (register certificate) or Letter from Finanzamt (Tax authorities);
• your VAT number (optional).

Additionally, for identification purposes we’ll need you to perform a video identification test via our partner, IDnow, where a consultant will check your identification documents online in real-time.

For most entrepreneurs it makes sense to open a business account for their company, if only to keep personal and business finances separate. Not only does it prevent any misattributions of funds, but come tax declaration time it makes it that much easier to outline your business’ financial activity, as well as provide justification when necessary.

If you’re looking to or have already set up a sole proprietorship, there is no legal obligation to open an associated business account. Corporations, on the other hand, must open a business account that is used exclusively for business purposes.

We offer three types of plans for solo business owners as part of the “Freelancers” range:

• The Basic plan at €9/ month excluding tax
• The Smart plan at €19/ month excluding tax
• The Premium plan at €39/month excluding tax

For a comparative chart that covers what’s included in each plan, click here.

Only companies that are registered in the Trade Register have an obligation to maintain a business account in Germany. However, even if this is not the case, we recommend every company open a business current account. That way private payments can kept separate from business payments for simpler bookkeeping.

We understand the value of your time, which is why it should only take you 10 minutes to open a Qonto business account. To make the process as smooth as possible, be sure to have all the required information on hand when you’re ready to start the application process

We are required by law to verify your personal identity and use video identification with the help of IDnow. Once you’ll have provided all the information we need about you and your company, we’ll direct you to IDnow for a final check via video chat. You’ll be asked to hold your ID document in front of your computer or phone camera and verbally confirm some certain identifying details. The VideoIdent process should take no longer than 3 minutes.