If the client is interested in a possibility to set up an account for his trade (own enterprise), company or other type of business subject, he needs to prove or submit documents, demonstrating the following facts (One document may demonstrate more facts simultaneously):
Registration number of the company;
Registered company name and business name (if it´s different from the registered name);
Company Head Office and place of business, if it´s different from the registered office;
Directors, managers or other individuals who are authorized to act on behalf of the company;
Company decision about designation of a representative who is authorized to gain access to account;
The company’s decision to open an account;
List of beneficial owners of the company, with the exception of publicly traded companies that are located in the European regulated market or a third market with equivalent requirements on disclosure and transparency;
List of registered owners, who act as representatives of the owners (nominee) companies.
It is necessary to deliver the originals or certified copies of all documents that demonstrate the required facts.
Below is the list of corporate documents required for the opening of a Business account:
Memorandum and articles of association (activity, description)
Certificate of incorporation
Certificate of shareholders
Certificate of directors and secretary
Certificate of registered address – the company address
Utility bill for company address (within the last 6 months)
Copy of ALL shareholders and director’s passport
Utility bill of ALL shareholders/directors’ personal address
Board Resolution confirming the Company`s decision about designation of a representative who is authorized to gain access to account and act on behalf of the Company
Board Resolution confirming the Company’s decision to open an account
DOCUMENTATION TO DEMONSTRATE:
An extract from the Commercial Register;
Memorandum of Association;
The form of the decision on the designation of a representative who is authorized to access account;
The form of the decision to open an account.
For the individual, who will be using the account on behalf of the company, the following needs to be provided:
Power of Attorney
Copy of passport of the individual
Proof of Residence
Note: Under the applicable regulatory framework (General Data Protection Regulation (EU) 2016/679 and Directive 2014/65/EU – MiFID II), the Company shall keep records containing Client personal data, trading information, account opening documents, communications and anything else, which relates to the Client for at least 5 (five) years, after the termination of the Business Relationship with the Client. W here requested by the Competent Authority (the CySEC), unless otherwise provided for by national law, for additional period of up to 7 (seven) years.