Principal Types

The following are the main Principal Types:

  • Owner (OWNER)/ Partner (PARTNER)→ More than Zero percentage shareholding.

  • Director (DIRECTOR)/ Trustee (TRUSTEE)→ Zero percentage shareholding.

  • Owner Director (OWNER_DIRECTOR) → More than Zero percentage shareholding & 'isDirector' checkbox true.

    • Owner Director (OWNER_DIRECTOR) enabled tenant: MOBEU

    • Owner Director (OWNER_DIRECTOR) enabled Business Types: Corporation, Limited (LTD), Limited Liability Company (LLC), Public Limited Company (PLC)

EU Region

Business Type Allowed Principal Type Principal Type Applicant/Signatory
Charity TRUSTEE (Principal with "Zero percentage shareholding") 1 or more Only 1 among TRUSTEE
Community Interest Company (CIC) TRUSTEE (Principal with "Zero percentage shareholding") 1 or more Only 1 among TRUSTEE
Corporation

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER_DIRECTOR (Principal with "More than Zero percentage shareholding & 'isDirector' checkbox true")

OWNER → 0 or moreDIRECTOR → 1 or moreOWNER_DIRECTOR → 1 or more*Either DIRECTOR or OWNER_DIRECTOR, one should be present Only 1 among DIRECTOR or OWNER_DIRECTOR.
Limited (LTD)

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER_DIRECTOR (Principal with "More than Zero percentage shareholding & 'isDirector' checkbox true")

OWNER → 0 or moreDIRECTOR → 1 or moreOWNER_DIRECTOR → 1 or more*Either DIRECTOR or OWNER_DIRECTOR, one should be present Only 1 among DIRECTOR or OWNER_DIRECTOR.
Limited Liability Partnership (LLP) PARTNER (Principal with "More than Zero percentage shareholding") 2 or more Only 1 among PARTNER
Limited Liability Company (LLC)

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER_DIRECTOR (Principal with "More than Zero percentage shareholding & 'isDirector' checkbox true")

OWNER → 0 or moreDIRECTOR → 1 or moreOWNER_DIRECTOR → 1 or more*Either DIRECTOR or OWNER_DIRECTOR, one should be present Only 1 among DIRECTOR or OWNER_DIRECTOR.
Non-Profit TRUSTEE 1 or more Only 1 among TRUSTEE
Partnership

OWNER

DIRECTOR

OWNER → 2 or moreDIRECTOR → 0 or more Only 1 among OWNER
Public Limited Company (PLC)

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER_DIRECTOR (Principal with "More than Zero percentage shareholding & 'isDirector' checkbox true")

OWNER → 0 or moreDIRECTOR → 1 or moreOWNER_DIRECTOR → 1 or more*Either DIRECTOR or OWNER_DIRECTOR, one should be present Only 1 among DIRECTOR or OWNER_DIRECTOR.
Sole Proprietorship/Sole Trader

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER → Only 1DIRECTOR → 0 or more Only 1 among OWNER
Trust TRUSTEE (Principal with "Zero percentage shareholding") 1 or more Only 1 among TRUSTEE
Association/Club TRUSTEE (Principal with "Zero percentage shareholding") 1 or more Only 1 among TRUSTEE

US Region

Business Type Allowed Principal Type Principal Count ControlProng Applicant/Signatory
Charity TRUSTEE (Principal with "Zero percentage shareholding") 1 or more Only 1 among TRUSTEE Only 1 among ControlProng
Corporation

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER → 0 or moreDIRECTOR → 0 or more*Either OWNER or DIRECTOR one should be present Any 1 among OWNER or DIRECTOR Only 1 among ControlProng or OWNER
Limited Liability Partnership (LLP)

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER → 0 or moreDIRECTOR → 0 or more*Either OWNER or DIRECTOR one should be present Any 1 among OWNER or DIRECTOR Only 1 among ControlProng or OWNER
Limited Liability Company (LLC)

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER → 0 or moreDIRECTOR → 0 or more*Either OWNER or DIRECTOR one should be present Any 1 among OWNER or DIRECTOR Only 1 among ControlProng or OWNER
Non-Profit TRUSTEE 1 or more Only 1 among TRUSTEE Only 1 among ControlProng
Partnership

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR (Principal with "Zero percentage shareholding")

OWNER → 0 or moreDIRECTOR → 0 or more*Either OWNER or DIRECTOR one should be present Any 1 among OWNER or DIRECTOR Only 1 among ControlProng or OWNER
Public Limited Company (PLC)

DIRECTOR(Principal with "Zero percentage shareholding")

1 or more Only 1 among DIRECTOR Only 1 among ControlProng
Sole Proprietorship/Sole Trader

OWNER(Principal with "More than Zero percentage shareholding")

DIRECTOR(Principal with "Zero percentage shareholding")

OWNER → Only 1DIRECTOR → 0 or more Any 1 among OWNER or DIRECTOR Only 1 among ControlProng or OWNER
Public Sector/Government Organization DIRECTOR (Principal with "Zero percentage shareholding") 1 or more Only 1 among DIRECTOR Only 1 among ControlProng
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