As the account holder, you’ll be asked for your proof of identity (meaning a copy of an ID document) as well as documents for other important people in your company.
Depending on your company set-up, this may include relevant shareholders, persons of significant control or your organisation’s trustees. For such people we’ll also ask for a few basic details, such as date of birth and residential address. We’re required to do so to be compliant with relevant regulations.
A valid government-issued identity document such as a passport, driver’s license or ID card. Please note that the document has to be valid for at least another 6 months and we’ll need the front and back of driver’s licenses and ID cards.
What other information do I need?
We do our best to verify our customers’ businesses electronically. However, in some cases we may ask for more documentation so we can successfully verify applicants and satisfy regulatory requirements. You may be asked questions surrounding any of the following items:
✔ Articles of Incorporation, Articles of Organization, Certificate of Formation, By-laws or other business organization documentation;
✔ Registration extract, government document or equivalent confirming Tax ID, VAT, or TIN/EIN etc.;
✔ Certificate of Good Standing or equivalent confirming company name, status, and registered or trading address;
✔ Business organization documentation confirming current shareholders;
✔ Partnership Agreement, or equivalent;
✔ Pages of the Trust or Foundation Agreements showing the full name of trustor/founder, trustee/foundation manager, and physical address;
✔ Form 990 or other evidence of tax filings (Equivalent of Tax Filing for Charities);
Additional documentation/Information needed
In addition to the above documentation, you will be asked to provide additional information specific to your business’ legal entity type. You will be asked to also provide, some (but not all) of the following documents:
- List of all authorized signers, directors, company executives, partners, or trustees (as applicable)
- Bank Statement, Commerce Registry or Business Register Extract confirming legal or trading name, if applicable, and trading address
- Corporate Resolution or equivalent supporting documents
- Ticker or Stock Symbol
- Resolution/Authorization/Mandate Letter (on official letterhead) by competent authority to open account
- Identification of authorized signatories duly attested by the unit head