Business Accounts

Corporate Accounts

• Certification of Incorporation
• Certificate of Good Standing (if the company has been incorporated for longer than 12 months)
• Counterparties Agreements/Contracts 
• Source of Funds (bank statements, payslips, tax returns, etc) 
• Source of Wealth (CV or Career summary)
• Board Resolution to open a bank account
• Director’s identification and proof of address
• Shareholder’s identification and proof of address
• Company Secretary identification and proof of address
• Beneficial Owner’s identification and proof of address (for owners above 25%. If entity beneficially owned by a number of individuals or entities which all fall below the 25% threshold provide all Identification and Verification and ownership)
• Signatories’ identification and proof of address
• Trade licence (or other licences where applicable)
• UBO Register 
• W9 (If individual within the structure is a US national)
• W8 (If there is a US entity within the structure)

Complex Structures 

• Full KYC on the company opening the bank account and Identification and Proof of Address on the ultimate beneficial owners owning 25%+.  Company Profiles from a designated public register (Companies House) for all in-between companies (with names of directors and details of shareholding).
• Organogram.

Intermediaries 

• As per above including an introductory letter as well as proof of regulatory authorisation if required for the purposes of business introduction.

Trusts 

• Schedule Extract from Trust Deed
• Settlor’s identification and proof of address
• Settlors Source of Wealth (CV or Career summary)
• Protector (if any) identification and proof of address
• Beneficiaries name, address and date of birth (if a beneficiary has received a distribution identification and proof of address)
• Trustee’s identification and proof of address
• Signatories’ identification and proof of address (if different to trustees)
• Source of Funds (bank statements, etc)

Charities/Clubs/Associations 

• Treasurer’s identification and proof of address
• Registered Charity Certificate
• Trustee’s identification and proof of address
• Signatories’ identification and proof of address (if different to trustees)

Not currently. However, completing the corporate questionnaire available on our website is the first step in starting the process.

Typically, within a few business days once all documents have been submitted.

Yes, take a look at our lending & finance page to explore our business credit and loan options.

Certifications

The Bank is required by law to identify all its customers and their documents prior to the account application being processed.

Approved Individuals, for certification of documents purposes

• Bank Official
• An official from a regulated entity with equivalent AML standards to the Bank
• A Consul or embassy official from your consulate or embassy
• A Government official
• An Accountant
• A Lawyer (who is a member of the National Legal Association in an FATF country or equivalent)
• Notary Public in the UK, Europe, USA or Canada

Evidence of Client Identity 

The person who certifies these documents must ensure that the certification statement appears on the page where the photo is on the ID.  The statement should read, “I certify that this is a true copy of the original document and the photograph is a reasonable likeness.”  The certifier will then sign, full name and title, and date the form. 

Evidence of Proof of Address/Company Documents 

Any certification should read “True certified copy of the original document.” 

Start your journey with Gibraltar International Bank today, and let us support your business every step of the way.