Sole Proprietor

How do I open an account as a Sole Proprietor or Freiberufler?

The account opening is really simple. Click on this link and register yourself. After a video call and successful identification with our partner IDnow, you...

Which information does Penta need from me?

When signing up, we’ll ask you to provide us information about yourself, such as your: full name, birthdate and address. We’ll also need some information ab...

How do I verify my identity?

Your personal verification will be completed through a video chat with IDnow. To do this, you need a computer with a webcam or a smartphone which can instal...

How long does it take until my account is opened?

After completing the personal verification with IDnow you directly get your IBAN and get access to your Penta account. In some exceptional cases, Penta ...

Can I open an account, although my business address is not in Germany?

Penta offers is business account solely for German companies that have their business address in Germany.

My residential address is outside of Germany. Can I, nonetheless, open an account for Einzelunternehmer or Freiberufler?

At the moment we provide our account for Sole Proprietors or Freiberufler with permanent residence in Germany.

What differentiates a Sole Proprietor from a Freiberufler?

A Sole Proprietor is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business ...

Can I do international payments as Einzelunternehmer or Sole Proprietor?

Sole Proprietors and Freiberufler can, as all other legal forms at Penta, send international transfers. The costs for this are 0.5% with our premium account...

Can I give access to additional users?

Yes, you can give access to additional users for you account. Click on the menu “Administration” on “Users” and there on the green button “Add a User”.

Can I receive multiple Business Mastercards for my team?

Unfortunately, Sole Proprietors and Freiberufler can not receive multiple Business Mastercards at the moment. But we are working on a solution to make this ...