Documents required for opening a corporate bank account
Opening a corporate bank account is a straightforward and relatively simple procedure; however, you need to take into account all of the bank’s stipulations and required documents, which may vary significantly from country to country. However, there is a certain set of documents that forms an integral part of the process of opening a corporate bank account and will undoubtedly be required regardless of the bank. These are the most commonly required documents:

Completed corporate bank account application form, signed by the authorised signatories in accordance with the board resolution
An extract of the board resolution approving the opening of the corporate bank account
Documents that confirm the authority to open and manage the company’s bank account — e.g. a board resolution, a power of attorney, an extract from the commercial register, etc.
An original or a certified true copy of the company’s incorporation documents, i.e. the certificate of incorporation, articles of association and by-laws
Identification documents for the company’s directors, principal shareholders and authorised signatories — this list may be extended to the beneficial owners of corporate shares
Specimen signatures of the authorised signatories
Other documents may be required depending on the country and state regulations regarding risk factors and compliance requirements. These may include a director declaration providing personal information on directors and principal shareholders (a person entitled to exercise 10% or more of the shareholders’ voting rights), a business plan or audited financial statement as a proof of business, a certified copy of an organisational chart showing each individual shareholder’s percentage of holding and details of the ultimate beneficial owners for nominee shareholders.