HOW TO OPEN AN ACCOUNT FOR LISTED AND UNLISTED COMPANIES:
The person authorised to open the account on behalf of the Legal Entity must complete the ONLINE APPLICATION FORM and then email the completed FATCA / CRS declaration form together with the documents listed below to our New Accounts department at newaccounts@satrixnow.co.za
The documents will be checked against the application form, and if in order, you will be sent a welcome email with all the account details. If not, you will be provided with guidance as to how to complete the process.
Of critical importance to the successful registration of your company is the accurate completion of the Director, Shareholder and UBO (ultimate beneficial ownership) details of the company in the UBO form below.
PLEASE NOTE: Accounts for Legal Entities are currently only available to South-African entities.
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| Information needed | Acceptable verification documents
All documents should be emailed to newaccounts@satrixnow.co.za |
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Documents required for the Company | - Completed Application form - HYPERLINK
- Completed FATCA / CRS declaration form
The FATCA / CRS declaration form must be completed. Section 2.2 must be either Section A or Section B. For more information on which section is most suitable to your business, please review the SARS FAQ.
- Completed UBO form
- Certificate/Notice of Incorporation (CM1/Cor14.1/14.3) or CIPRO certificate / Memorandum of Incorporation CoR 15.1 or CIPC certificate.
- CIPC Official Disclosure Certificate; and Register of Directors and Officers (CM29) Notice of Registered Office and Postal Address (CM22/CoR21.1) and Notice of trading/operating address/change of address
- Notice of change of Company Directors CoR 39.
- Directors resolution / authority to act form ( HYPERLINK ), printed on the CC letterhead, signed by all members and nominating one signatory / representative
- Declaration of shareholding signed by the directors.
1.Share certificate/ share register (which indicates voting rights or no voting rights and names of the holders of the shares) OR
2.Organogram including shareholding percentage approved or signed by the board director(s) or senior management; OR
3.Signed letter from auditors or Company Secretary outlining the shareholding structure
Proof of physical company address (less than 3 months old) - Proof of bank account in the name of the Company of either:
- Copy of bank statement confirming bank details of the company (less than three months old); or alternatively
- An official signed letter from the bank, on a bank letterhead listing full details of the company bank account
- Copy of official SARS document showing the Company name and income tax number not older than 12 months.
- Proof of VAT number (if applicable).
- Dividends Tax Exemption Form - completed and signed by the Authorised User.
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Documents / details required for the:
- Principal Executive Officer of the Company
- Persons authorised to act
- Persons holding more than 25% of voting rights in the company
| Documents: - Proof of identification (Green barcoded ID or ID card (back and front)
- Proof of Physical Residential address
In addition to the documents above, we require full contact details of the authorised individual. Please note: For guidance on what documents are acceptable for the two (2) required documents above, please refer to the related FAQ article FICA Documents Individuals |
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