Capital deposit process

A capital deposit involves four parties:

• You, the partner driving the integration.
• Your client: their future company and its shareholders.
• Swan, through the Swan API.
• Swan's partner notary.

Together, these parties complete a few main actions, from opening the case to wiring the funds to the new company.

Main actions

1

Create a capital deposit case

Open the case object that collects the company, accounts, shareholders, and documents.

2

Create Swan accounts

Onboard the future company and each shareholder so they each get a Swan account.

3

Verify identities

Each shareholder completes identification and account holder verification.

4

Upload documents

Upload the required documents for the shareholders and the future company.

5

Transfer funds

Each shareholder transfers their capital to their temporary Swan account.

Once shareholders have transferred their capital, Swan and the notary complete the deposit: Swan sends the documents and funds to the notary, the notary issues the capital deposit certificate, you upload the proof of registration, and the notary releases the funds to the company account.

Capital deposit case

The CapitalDepositCase API object is the spine of the process: it compiles everything for a single deposit.

• Details about the future company
• Company account
• Shareholder information
• Capital deposit documents

The case moves through several statuses, and a cancelation reason code explains any cancelation.

Required documents

Processing a capital deposit requires several documents from shareholders and the future company, uploaded with the API. A document that doesn't meet Swan's requirements is assigned the status Refused and must be uploaded again; all required documents are listed in the reference.

Sequence diagram

The full choreography between you, the shareholders, Swan, and the notary, from creating the case to the notary transferring funds to the company account: