Open A Business Account
Unlisted Company
CIPRO Certificate*
Memorandum of Association (CM2)
Articles of Association (CM44)
Certificate of change of name of company (if applicable) (CM9)
Identification documents of directors, signatories, principal executive officer, shareholders with 25% or more voting rights and persons acting on behalf of company**
Proof of physical or trading address of business
The last 3 months bank statements of business (if existing)
Listed Company
CIPRO Certificate*
Memorandum of Association (CM2)
Articles of Association (CM44)
Certificate of change of name of company (if applicable) (CM9)
Proof of Listing (print out from Stock Exchange)
Group Structure (if wholly owned subsidiary of listed company)
Identification documents of signatories
External Company
Certificate of registration of memorandum of external company (CM49)
Proof of listing of a company listed on a foreign stock exchange
Official incorporation documents from relevant foreign country
Notice of person authorized to accept service on behalf of external company (CM37)
Trade name and physical business/head office address (in foreign country and in South Africa) verification documents
Contents of register of directors, auditors and officers (CM29)
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)
Close Corporation
CIPRO Certificate*
Identification documents of members, signatories and persons who act on behalf of a close corporation**
Proof of physical or trading address of business
The last 3 months bank statements of business (if existing)
Partnerships
Statute
Certificate of registration of co-operative (CR10)
Identification documents of all directors, the secretary and persons who act on behalf of a co-operative**
Co-operative
Partnership agreement (or letter confirming that one does not exist)
Identification documents of partners, signatories, person who exercises executive control and persons who act on behalf of a partnership**
The last 3 months bank statements of business (if existing)
Sole Proprietor
Identification documents of owner, signatories and persons who act on behalf of a sole proprietor**
Proof of residential address of sole proprietor
The last 3 months bank statements of business (if existing)
Body Corporate
Copy of Body Corporate rules
Identification documents of signatories and persons who act on behalf of a body corporate**
Proof of physical address
The last 3 months bank statements of business (if existing)
Informal Body
Constitution or other founding document (or letter confirming that one does not exist)
Identification documents of signatories and persons who act on behalf of an informal body**
Proof of physical address (can use constitution or founding document)
The last 3 months bank statements of business (if existing)
Trusts
Trust Deed (or other founding document)
Letter of authority
Identification documents of founder of trust, trustees, beneficiaries, signatories and persons who act on behalf of a trust**
Proof of address of the Master’s Office where the trust is registered (use Letter of Authority)
Attorney trust account
Listed documentation detailed above according to your specific legal entity type
Fidelity Fund Certificate (Fidelity Board Certificate)
Notes
* If your company is not in possession of a CIPRO certificate, we will require all your registration documentation in its place. ** For persons acting on behalf of any business entity, written confirmation that the person has authority to act on behalf of the entity must be furnished. This will usually take the form of any one of the following: a Power of Attorney, a written mandate, a court order, letters of authority, or a resolution duly executed by the authorised signatories to the account.
Acceptable forms of verification
The following are acceptable forms of verification of trade name and physical address of a business/juristic entity (Please note that printouts, emails and over the counter statements are not acceptable)
An original company letterhead
A utility bill (less than 3 months old)
A bank statement or financial statement or official correspondence from another financial institution (less than 3 months old)
A copy of a lease or rental agreement signed by both parties (less than 3 months old)
A municipal rates and taxes invoice (less than 3 months old)
A mortgage statement from another financial institution not within the Standard Bank Group (less than 6 months old)
A telephone account that is a land-line or cell-phone (less than 3 months old)
An official tax return or tax assessment (less than 1 year old)
Official correspondence (excludes IRP5) from the South African Receiver of Revenue Services (less than 3 months old)
A valid television licence or renewal document (less than one year old)
A short-term insurance policy or a renewal letter (less than 1 year old)
A retail account statement or official correspondence (less than 3 months old)
A valid agreement from a security company reflecting the trade name and physical address of the business at which an alarm is installed (less than 3 months old)
An official correspondence from a security company reflecting the trade name and physical address of the business at which an alarm is installed (less than 3 months old)
The following are acceptable forms of residential address verification (for Sole Proprietor)
(Please note that printouts, emails and over the counter statements are not acceptable)
A utility bill (less than 3 months old)
A bank statement or financial statement or official correspondence from another financial institution (less than 3 months old)
A copy of a lease or rental agreement signed by both parties (less than 3 months old)
A municipal rates and taxes invoice (less than 3 months old)
A mortgage statement from another financial institution not within the Standard Bank Group (less than 6 months old)
A telephone account that is a land-line or cell-phone (less than 3 months old)
An official tax return or tax assessment (less than 1 year old)
Official correspondence from the South African Receiver of Revenue Services (less than 3 months old)
A life insurance policy issued by an insurance company (less than 1 year old)
Correspondence from a body corporate or share-block association (less than 3 months old)
A valid television licence or renewal document (less than one year old)
A short-term insurance policy or a renewal letter (less than 1 year old)
A retail account statement or official correspondence (less than 3 months old)
A valid medical aid statement or official correspondence (less than 3 months old)
A valid agreement from a security company reflecting the residential address at which an alarm is installed (less than 3 months old)
A fine (no spot fines) issued by the South African Metro Police Services or a local municipality (less than 3 months old)
A letter from a tribal chief where the person lives on tribal land (less than 3 months old)
Acceptable forms of identification
The following are acceptable forms of identification: Individuals
Green bar coded ID book
Passport (if no ID) Juristic Entities (for registered name and registration number)
CIPRO certificate
CM1 and CM22 (registered address)
CK1 and CK2
Foreign Incorporation documents
Constitution/other founding document or Minutes of meeting or Rules of body corporate
Trust deed
Partnership agreement
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