To open a Webull company account, the following requirements must be met:
- The primary applicant must be 18 years of age or older.
- The primary applicant must be a director or secretary of the company.
- The company must be registered with ASIC and hold an ABN and an ACN.
- The primary applicant and all directors must be Australian residents.
- Beneficial owners (holding 25% or more of the company) must not be U.S. citizens or U.S. tax residents.
- The entity must not operate in the following industries: adult entertainment, financial services, cryptocurrencies, gambling, money exchange/lending, not-for-profit organizations, or the sale and dealing of precious stones, metals, watches, or art.
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