Ready to venture into the world of digital real estate investment with PRYPCO Blocks?
PRYPCO Blocks is a fractional ownership platform regulated by the Dubai Financial Services Authority (DFSA) where you can invest in Dubai real estate starting from AED 2,000. Before investing on our real estate crowdfunding platform, there’s a crucial first step: completing the KYC (Know Your Client) process. This helps us comply with regulations and ensures a safe and secure environment for everyone. Don’t worry, it’s a quick and easy process!
Why is KYC so important?
KYC is crucial for several reasons:
- Regulatory compliance: Ensures adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) laws, protecting all parties.
- Fraud prevention: Detects and prevents fraudulent activities, safeguarding clients’ investments.
- Customer trust: Builds trust by maintaining a secure and transparent environment.
- Operational efficiency: Streamlines onboarding and improves customer service.
- Market reputation: Maintains integrity and avoids legal penalties.
Here’s a step-by-step guide to navigate your PRYPCO Blocks KYC approval:
1. Log in and agree: Head over to the PRYPCO Blocks website and log in to your account. Before proceeding, make sure you’ve carefully reviewed and accepted the terms and conditions. It covers the legal framework for investing in fractional real estate through PRYPCO Blocks and includes details about user responsibilities, investment risks, and how PRYPCO Blocks manages the properties.
2. Complete your KYC: Now it’s time to complete your KYC by filling out your profile information. This includes:
- Nationality: Select your country of citizenship from the drop-down menu.
- Employment status: Are you employed, self-employed, retired, a student or a housewife? Choose the option that best describes your current work situation and fill out all the required details.
- Investment planning: To give us an idea of your real estate investment goals, tell us how much you’re planning to invest in PRYPCO Blocks within the next 12 months. It could start at only AED 2,000 and you can change your mind later on.
- Address verification: For proof of address, you’ll need to upload a document, such as a recent utility bill, bank statement mentioning your address or housing contract. And even if you don’t have any of the previous documents in your name, you can still upload your passport along with a tenancy contract and a signed letter from the primary tenant of your home confirming your residency. This helps us verify your location.
- Document upload: The final step is to upload all the necessary documents for our compliance team to review. Since PRYPCO Blocks is DFSA-regulated, you must provide us with a government-issued ID. This document can be a clear copy of your passport, or national ID if you’re a UAE resident. This helps us verify your identity and comply with DFSA regulations.
Once you’ve uploaded all the required documents, simply submit your application. Our compliance team will then review your information and get back to you as soon as possible.
That’s it! Completing the KYC process is a breeze with PRYPCO Blocks. Once your application is approved, you’ll be ready to explore the exciting world of real estate investment opportunities on our platform.
Remember:
Make sure all uploaded documents are clear, valid, and in the supported formats.
Our compliance team may require additional information, depending on your specific circumstances.
Rest assured that we never share your personal information or data with third parties.
If you have any questions about the KYC process or need further assistance, don’t hesitate to contact our customer support team at our toll-free number: 800-PRYPCO (800 779 726) or at our email: discover.blocks@prypco.com.
Welcome to a world of smarter real estate investment with PRYPCO Blocks!
