Nigeria Transactional Account Rest of Africa

Transcription

1 Nigeria Transactional Account Rest of Africa The following support documentation are pre-requisites to the bank's documentation process of opening a transactional business banking account. This is specific to a business banking client in South Africa wanting to transact in Nigeria. Non-resident corporate current account: Board Resolution authorizing that an account is to be opened with the Bank and appointing the signatory/ signatories to the account. Authorized signatories should be stated and signatures appended against respective names in the Board Resolution. This should be communicated on the company s letterhead and executed by two Directors of the company under cover of the company s corporate seal/stamp. Two clear passport photographs of all signatories. Provision of the contract document. This represents the contractual agreement between the company and any of its clients in Nigeria. It essentially demonstrates that the company is engaged in an economic activity in Nigeria that will necessitate opening of an account to facilitate transactions. A letter of agreement or appointment from the registered entity in Nigeria will suffice. Incorporation documents of the company - certificate of Incorporation, Memorandum and Articles of Association as well as Forms CAC7 and CAC2. These should be duly notarized. Notarized copies of utility bill of shareholders of the company having shareholding of 5% and above. This should not be not older than 3 months. (In the event that a shareholder is a corporate entity, Utility Bill of the corporate shareholder will be required). Notarized copies of valid means of Identification of shareholders of the company having shareholding of 5% and above. (In the event that a shareholder is a corporate entity, incorporation documents of the shareholder will be required i.e. Certificate of Incorporation, Memorandum & Articles of

2 Association, Particulars of Directors and Register of Shareholders). These should be notarized. Notarized copies of valid means of Identification of all Directors and signatories. Acceptable means of identification include international passport. ID must be International Passport. Notarized Copies of utility bills of all Directors and signatories. This should not be not older than 3 months. Duly completed/executed bank account opening package. Notarized copy of utility bill of the company (not older than 3 months) 2 Corporate References.

3 Nigeria Transactional Account Rest of Africa Resident corporate current account: Board Resolution authorizing that an account is to be opened with the Bank and appointing the signatory/ signatories to the account. Authorized signatories should be stated and signatures appended against respective names in the Board Resolution. This should be communicated on the company s letterhead and executed by two Directors of the company under cover of the company s corporate seal/stamp OR it can also be signed by Director and Company Secretary. In this case, CAC Form 2.1 (Particulars of secretary) is required Two clear passport photographs of all signatories. Incorporation documents of the company Certificate of Incorporation, Memorandum and Articles of Association as well as Forms CAC7 and CAC2. Copies of utility bill of shareholders of the company having shareholding of 5% and above. This should not be not older than 3 months. (In the event that a shareholder is a corporate entity, Utility Bill of the corporate shareholder will be required).copy of Utility Bill of the company (not older than 3 months). For non-resident customers - notarized copies will be required. Copies of valid means of Identification of shareholders of the company having shareholding of 5% and above. (In the event that a shareholder is a corporate entity, incorporation documents of the shareholder will be required i.e. Certificate of Incorporation, Memorandum & Articles of Association, Particulars of Directors and Register of Shareholders). If the shareholder is registered outside Nigeria, the documents must be notarized. Copies of valid means of Identification of all Directors and signatories. Acceptable means of identification include international passport, driver s license (Nigerian), National I.D. and Permanent Voters Card. For non-resident customers, notarized International Passports will be required. If the directors and signatories are foreigners resident in Nigeria, a resident permit will be required.

4 Copies of utility bills of all Directors and signatories. This should not be not older than 3 months. For non-resident customers, notarized copies will be required. Two bank account references. Duly completed/executed bank account opening package. Not registered in SA: Certificate of registration of memorandum of external company. Proof of listing of a company listed on a foreign stock exchange (if applicable). Official incorporation documents from relevant foreign country. Notice of person authorized to accept service on behalf of external company. Trade name and physical business or head office address (in foreign country and in South Africa) verification documents. Contents of register of directors, auditors and officers. Identification documents of directors, signatories, Manager of Affairs in the Republic, shareholders with 25% or more voting rights and persons acting on behalf of company** The last 3 months bank statements of business (if existing).

5 Contact us Western African Region including surrounding countries Natasha Ferreira: Mathys Buitendag: