BREDER SUASSO GUIDE FOR QUALIFIED INTRODUCERS. - Formation Agents -

Transcription

1 BREDER SUASSO GUIDE FOR QUALIFIED INTRODUCERS - Formation Agents -

2 Table of Contents 1. How to become BREDER SUASSO Introducer? 2. BS Compliance: Standard KYC / DUE DILIGENCE 3. How to apply to open a corporate account 4. How to apply for an account for a shelf-company How to get the account open How to appoint a final UBO to a shelf company account Example How much does it cost? Interested? Useful links Thank you for choosing BREDER SUASSO as your partner

3 1. How to become BREDER SUASSO Introducer? BREDER SUASSO is a regulated Financial Institution based in Auckland, New Zealand, offering account opening for both Offshore and Onshore companies. Why become an introducer? In order to qualify your company as a BREDER SUASSO Introducer: Because we offer reserved IBANs and MasterCards for shelf companies To certify corporate documents and clients KYC Because we issue MasterCards for private and corporate accounts As a regulated financial institution, we will be happy to sign an introducer s agreement after conducting our standard KYC and Due Diligence. This will allow you to certify corporate documents and account-opening forms, and open accounts remotely, on behalf of your clients. Our policy is to base our relationships on our agents, who act as trusted intermediaries for our institution. We make the relationship simpler by providing you a right of certification. 1. Complete the Cooperation Agreement attached to this Prepare a KYC/Due Diligence on your company including: Certificate of incorporation, Memorandum and Articles of Association, passport copy and utility bill of its officers and authorized representative, licence (if applicable), and additional information that allows us to know your company and understand your clients range, type, and geographical area. 3. Send the scans of those documents to your account manager. In the next Chapter you will find our Standard KYC/Due Diligence requirements for account opening on behalf of your clients. 2

4 2. BS Compliance: Standard KYC / DUE DILIGENCE For each account opening, we must identify the client s profile and receive a complete set of certified documents. As a qualified introducer, you must certify all the documents. Prior to launching an account opening, be sure you have gathered from the client: Beneficial Owner: Certificate of Incorporation address Memorandum of Articles KYC - know your client Telephone number Copy of the passport Recent proof of residence (<3 months) Bank statement CV Nominee Director or nominee shareholder (when applicable): Copy of the passport Recent proof of residence (<3 months) CV Business description: Activity of the company Partners Information about the transfers foreseen: amounts and countries Information about the initial transfer: the name of the bank and the account Corporate documents The proof of appointing the director and shareholders Certificate of Good Standing (when applicable, for company > 1 year) Declaration of Trust (when applicable, in case of Nominee Director) General Power of Attorney (when applicable in case of Nominee Director) As soon as you gathered all the information, you can proceed to the application online on behalf of the client. The corporate documents and passports/ids should be certified by your firm bearing your stamp and certification that they are true copies (refer to the Cooperation Agreement). 3

5 3. How to apply to open a corporate account Once you have gathered all the information from your client, you can proceed to the online application. Go to the account opening page and start to fill in our form. Talk to your account manager, who will be able to assist you online during your first applications. Please be careful and precise when applying. BS Compliance needs to understand the flow of funds, including both incoming and outgoing transactions. For the client business, in addition to a CV, we appreciate a brief 10-line description of their business activity. These details are crucial; missing information in the application form will lead to a rejection by BS Compliance. Once all details are filled in, do not forget to enter your company s name as the Agent/Introducer, then click Submit. Send the scanned documents to application@bredersuasso.com By default the accounts are open in express, unless you specified differently. As soon as you submit the form and send the documents, please notify your client to check their AND SPAM FOLDER for a form they will need to print, sign, scan, and return to us by . 4

6 4. How to apply for an account for a shelf-company? Avoid the wait time for creating a new account that normally goes with selling a company. Matching compliance requirements and marketing needs, we have elaborated a new program allowing you to save time and satisfy your clients. With this new approach, there is no longer a need to make your clients wait for the account to open. You can propose a shelf company with an account already open and a MasterCard to deliver to the client s hands. 1. Company documents Account access + + Payment card 5

7 How to get the account open Follow those 3 easy steps to open an account for a shelf company: 1. For each shelf company in your possession, apply online on the account opening page, just as you would for a corporate account (see Chapter3.). 2. Attention! As you are applying for a Shelf Company with no Ultimate Beneficial Owner at this stage, we require you to identify them by adding the word SHELF ahead of the company name as on the below example: In the field Company name add the word SHELF : The Authorized Signatory and Ultimate Beneficiary fields should be filled in with your Nominee Director s data. Add the word NOMINEE before the first and last name. For example, if your nominee s name is John Smith you should enter NOMINEE JOHN and NOMINEE SMITH. You provide these temporary data together with an address. Those elements will be updated once the account is given to a client. 3. Notify your relationship manager. You will immediately receive the account s IBAN that you have reserved for your client. We send you, by post, a payment card associated with this account and embossed with the company name. 6

8 How to appoint a final UBO to a shelf company account Once the client has bought a company together with a BREDER SUASSO account and MasterCard, it is time to provide us with the UBO information and have the client sign the account opening form in order to legally and contractually link them to the account. All we need to do is to update the information about the Authorized Signatory and Ultimate Beneficial Owner, and complete the signature of the forms. After receipt of the KYC by BS Compliance, we will send you the link to the form where you will proceed with the updates. Once this is completed, the client will receive, by , a final account opening form for them to print, sign, scan, and send back to us. Here is an example of how these simple steps can transform a shelf-company account into a corporate account with your client as sole owner. 7

9 Example A certified BS agent introducer, MYAGENT.COM, applies for 50 accounts. MYAGENT.COM uses the Nominee Director s data and two accounts (shelf-companyaaa@myagent.com; shelf-companyxyz@myagent.com) to fill in 50 applications online. BS sends the IBANs and the cards associated with each application to MYAGENT.COM. Now MYAGENT.COM has not only a shelf company, but also an account and a card associated with it a real and COMPLETE solution to put in clients hands. How much does it cost? While the account opening fees will be charged from the account to the client, we still require the agent to make a personal commitment. Therefore we charge you a provision of 100 Euros for IBAN and MasterCard reservation, which will be deducted from the annual cost of MasterCard issuance to the client. The program is available with a minimum of 50 IBANs/MasterCards, bringing the initial setup cost to Euros. 8

10 Interested? Get in contact with your BREDER SUASSO manager to receive a quote and ready-made solution adapted to your needs. Let us help you incorporate more! Partner with us and focus on your core business. Useful links KYC Compliance AML policy Terms and conditions 9