- To open a Business account with Majestic, first fill out the corporate account application form at: https://bank.majestic.eu/fo/index.php?request=corporate
- In order to complete the Business account opening process, you need to provide us with the following documents:
Corporate Documents- Certificate of Incorporation
- Memorandum and Articles of Association
- Certificate of Incumbency or Certificate of Good Standing (for companies registered more than 1 year ago and where it is not possible to verify status of the corporation online, i.e. in publicly available Company Registry of the country of registration)
- Confirmation that the signatory person has authorization to act on behalf of the corporation. The signatory must provide proof that he/she has authorization and the right to sign on behalf of the company, open the account and manage the funds of the corporation, such as a power of attorney or a board resolution.
- Document showing the TAX ID of the corporation.
- Director’s Resolution (the most updated one) / Register of Directors & Secretary (if available)
- Register of Members / Shareholders
- Share Certificates
- Declaration of Trust (if applicable)
- If customer is offering any type of financial services or any type of business activity requiring special license in jurisdiction of the company registration, the applicant must provide the license.
- Printed & signed Majestic Application form.
For all directors, shareholders, UBOs and signatory:- Proof of identity – colored copy of passport or national ID document. Identification document must have a reference number, a photo, a signature, date of birth and an expiration date.
- Proof of address – colored copy of utility bill less than 3 months old (electricity, gas, water, Internet, phone). Alternatively we can accept a confirmation of residential address from a city hall or similar document that confirms the person lives at a certain address. Bank statements are not accepted as a proof of residency
- Selfie of the person holding the passport
- Printed & signed Majestic Application form.
All documents must be certified except the Majestic Application form. Certification can be done by a notary, qualified accountant, lawyer, bank officer or police officer. Majestic must have sufficient details to be able to contact the certifier to confirm that they are qualified and have carried out the certification.
How to create Corporate Bank Account
