For Individual/Joint Accounts, we require:
Contact Details, IRD Number, Resident Withholding Tax Rate, Tax Residency Confirmation
Bank Account Verification (for your nominated account to have funds paid to)
Verified ID and Address (for many people we can do this electronically)
AML/CFT Questions answered
We also may require extra documentation for Source of Funds/Wealth depending on the size of the deposits
For most customers the form may take 10-15 minutes to complete, takes 1-2 days to set up.
For Entity Accounts, we require:
Entity Contact Details, IRD Number, Resident Withholding Tax Rate, Tax Residency Confirmation, Confirmation of Signatories
Entity Documentation such as Constitution/Rules/Trust Deed
Bank Account Verification (for your nominated account to have funds paid to)
Verified ID and Address for key individuals (for many people we can do this electronically)
We also may require extra documentation for Source of Funds/Wealth for some customers
Entity accounts will usually take a little longer to set up than a personal account. This is often because each entity operates differently from the next, and will manage their funds differently. Before we open an account with an entity it’s important for us to know who makes decisions in the entity and who will be transacting with us.
