APPLICATION CORPORATE ACCOUNT FOR NEW CLIENTS
We thank you for considering CIMB Bank Berhad, Singapore Branch (“CIMB Bank” or “the Bank”) as a choice partner for your banking needs. With the strength of our regional network and universal banking capabilities, you can depend on us to support your company at every stage of its development. As a first step to serving you and your company, please complete and furnish the relevant documents indicated in the following document checklist. If you require assistance, please contact your Relationship Manager, call (65) 6438 7888 (Monday – Friday, 9.00 a.m. – 6.00 p.m.) or visit any of our branches.
PRIVATE LIMITED/ PUBLIC COMPANY
LIMITED LIABILITY PARTNERSHIP
PARTNERSHIP/ LIMITED PARTNERSHIP
SOLE PROPRIETORSHIP
ASSOCIATION/ CLUB/SOCIETY
DOCUMENT CHECKLIST
Account Opening Form
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Board Resolution (as per the Bank’s standard copy)/Resolution of Board of Directors/Committee
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Certified true copy of Memorandum & Articles of Association (M&AA)/ Constitution/By-Laws
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Certified true copy of NRIC/Passport of all Authorised Persons, Authorised Signatories, Directors, Guarantors, Office Bearers, Partners and Persons Mandated to transact the bank account.
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Certificate of Registration/ACRA Business Profile
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DOCUMENTS REQUIRED
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Certificate of Official Listing of Office Bearers/ Minutes of Meeting reflecting List of Office Bearers
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Limited Liability/Partnership Agreement Minimum deposit in Cash or Cheque In the event that original documents cannot be made available to CIMB Bank for verification, true copies are to be certified by: NOTE: The same is applicable for signatories to be present at Bank Branch for account opening.
• Any 2 Directors or 1 Director + 1 Company Secretary (as per M&AA)
• Any 2 Partners
• • Any 2 Partners/ Any General Partner
• Business Owner
• Any 2 Office Bearers
ADDITIONAL DOCUMENTS REQUIRED IF COMPANY IS INCORPORATED OUTSIDE OF SINGAPORE Certificate of Incorporation/Registrationˆ#
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Certificate of Good Standing and Incumbency#
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(for companies incorporated in tax-haven countries)
Register of Partners/Directors Register of Shareholders Withholding Tax Declaration Form
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ˆ To be issued by Registrar of Companies. Issued not more than 3 months from the date of account opening. #
NOTE: 1) All documents submitted must be in English. Please ensure that all non-English documents are translated into English by an official translator and certified true copy by a Director. 2) The Bank may request for additional documents, depending on the set-up of your Company. 3) Signature and Identification (NRIC/Passport) are to be verified by a CIMB Bank Officer/Director of Company.
CIMB Bank Berhad (13491-P)
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APPLICATION CORPORATE ACCOUNT FOR NEW CLIENTS
1 | ACCOUNTS THAT I/WE NEED Account Type Current Account
SGD
USD
Others (please specify): Fixed Deposit Account
SGD
Foreign Currency
Islamic Current Account
SGD
USD
Others (please specify): Islamic Fixed Deposit Account
SGD
Foreign Currency
Others (please specify):
Purpose of Account(s) Business Operations
Investment
Others (please specify):
Primary Source of Funds Business Income
Capital Contribution
Others (please specify):
2 | MY/OUR BUSINESS PARTICULARS Registered Name: Registered Address:
Registration/Gazette No.:
GST Registered:
Yes
No
Account Name:
(if different from Registered Name)
Mailing Address:
(if different from Registered Address)
Nature of Business:
Incorporation/Registration of Business For Singapore Incorporated Companies/Institutions: Please refer to our particulars contained in the ACRA Business Profile that has been enclosed. (Proceed to section 3.) For Non-Resident Companies/Institutions: Please refer to the duly completed Tax Withholding Declaration form that has been enclosed, and the following information: Country of Incorporation: Date of Incorporation/Registration (DD/MM/YY): Classification of Business: Private Limited/Public Company
Limited Liability Partnership
Sole Proprietorship
Association/Club/Society
Others (please specify):
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Partnership/Limited Partnership
APPLICATION CORPORATE ACCOUNT
3 | AUTHORISED CONTACT PERSONNEL TO RECEIVE AND COMMUNICATE ACCOUNT INFORMATION Contact Person 1
Contact Person 2
FOR NEW CLIENTS Name (as per NRIC/Passport) NRIC/Passport No. Designation Email Address Office No. Mobile No. NOTE: Please attach a separate sheet if the space provided above is insufficient.
E-Alert Notification Setting (applies to Current Accounts only) Send E-Alerts to the following recipients: Email Address: Email Address: Email Address: Email Address: Email Address: Email Address: Apply to all Current Accounts (including Islamic Current Accounts) opened under the same Registration/Gazette No. Apply to selected Current Accounts: Current Account
SGD
USD
Others (please specify): Islamic Current Account
SGD
USD
Others (please specify): NOTE: Please complete the E-Alert Notification Service Update Form for Companies if the space provided above is insufficient.
Threshold Limit for E-Alert Notification Default Threshold Amount: SGD 20,000 (or its equivalent, if account is held in other currencies) Preferred Threshold Amount (min. SGD 1,000, in multiples of one thousand): SGD
(or its equivalent, if account is held in other currencies)
NOTE: The threshold amount you have selected will be applicable to all Current Accounts (including Islamic Current Accounts).
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APPLICATION CORPORATE ACCOUNT
4 | AUTHORISED SIGNATORIES Please list all person(s) authorised to sign or accept for and on behalf of the company/association/club/society/firm cheques, bills of exchange, orders to pay and any other instruments in respect of the account.
FOR NEW CLIENTS Personal Particulars
Grouping
(if applicable)
Signature
Name:
(as per NRIC/Passport)
NRIC/Passport No.: Nationality: Designation: Residential Address: Name:
(as per NRIC/Passport)
NRIC/Passport No.: Nationality: Designation: Residential Address: Name:
(as per NRIC/Passport)
NRIC/Passport No.: Nationality: Designation: Residential Address: Name:
(as per NRIC/Passport)
NRIC/Passport No.: Nationality: Designation: Residential Address: Name:
(as per NRIC/Passport)
NRIC/Passport No.: Nationality: Designation: Residential Address: NOTE: Please attach a separate sheet (duly authorised) if the space provided above is insufficient and accompany the form(s) with certified true copy of identification documents for verification. For control purposes, please cross out any unused portions under Authorised Signatories. Signing conditions Singly
Any Two Jointly
Grouping and signing limits as follows:
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APPLICATION CORPORATE ACCOUNT
5 | DECLARATION ON BENEFICIAL OWNERSHIP OF COMPANY
FOR NEW CLIENTS
I/We acknowledge and confirm that the Bank and its officers/employees/agents or persons acting on behalf of the Bank shall be entitled to rely on the identity(ies) of and information relating to the Beneficial Owner(s) of this Account.
I/We declare that the following individual(s) ultimately own(s) or has/have effective control over the Account (“Ultimate Beneficial Owner(s)”).
Personal Particulars Name (as per NRIC/Passport): NRIC/Passport No.: Date of Birth: Nationality: Residential Address: Contact No. (Office/Mobile): Relationship to Applicant/Designation: Name (as per NRIC/Passport): NRIC/Passport No.: Date of Birth: Nationality: Residential Address: Contact No. (Office/Mobile): Relationship to Applicant/Designation: Name (as per NRIC/Passport): NRIC/Passport No.: Date of Birth: Nationality: Residential Address: Contact No. (Office/Mobile): Relationship to Applicant/Designation: Name (as per NRIC/Passport): NRIC/Passport No.: Date of Birth: Nationality: Residential Address: Contact No. (Office/Mobile): Relationship to Applicant/Designation: NOTE: Please attach a separate sheet (duly authorised) if the space provided is insufficient and accompany the form(s) with certified true copy of identification documents for verification. Declaration is not applicable to government entities, public-listed companies and/or financial institutions supervised by the Monetary Authority of Singapore. Ultimate Beneficial Owner is defined as holding more than 25% shareholding or management control over the Company. Page 5 of 8
APPLICATION CORPORATE ACCOUNT FOR NEW CLIENTS
6 | INTRODUCER Name: NRIC/Passport No.: Relationship to Applicant: CIMB Account No.: Introducer
7 | DEPOSIT INSURANCE SCHEME Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
8 | DECLARATION BY A CORPORATE/INSTITUTIONAL APPLICANT
To be signed by person(s) authorised to open the Account(s)
Section A: Foreign Account Tax Compliance Act Declaration (FATCA) The Foreign Account Tax Compliance Act (FATCA) is a US law and regulation to improve tax compliance on US Persons, their foreign financial assets and offshore accounts. Under FATCA, U.S. taxpayers with specified foreign financial assets that exceed certain thresholds must report those assets to the US Internal Revenue Service (IRS). FATCA comes into effect on 1 July 2014. FATCA also requires foreign financial institutions to report directly to the IRS, information about financial accounts held by U.S. taxpayers, or held by foreign entities in which U.S. taxpayers hold a substantial ownership interest. FATCA definitions of ‘US persons’ includes a citizen or permanent resident of the United States of US territories (e.g. US Green Card holder or someone who meets the requirements to be considered a resident under the ‘substantial presence test’); US corporations, partnerships, estates and trusts, as well as, any other person that is not a foreign (i.e., non-US) person (as defined under US federal tax law). I/We hereby confirm that the information provided below is true, accurate and complete. A. Is the Legal Entity a US Person? No
Yes, Taxpayer Identification No.: (Please also complete the W-9 form)
B. Does the Legal Entity have any US directors, shareholders or Ultimate Beneficiary Owners (UBOs) with more than 25% ownership or equivalent who are US Persons? No
Yes, additional information required:
Name
Passport/ Equivalent ID
Designation
% Shareholding
(Please also complete a W-9 form each)
C. Does the Legal Entity have any US Indicia*? No
Yes (Please complete the W-8BEN E form)
*US Indicia: • US incorporated; • US registered address or US mailing address (including US post office box); • US telephone number; • Standing instructions to pay amounts from the account to an account maintained in the US; • Current power of attorney or signatory authority granted to a person with a US address; or • An “in-care-of” address or a “hold mail” address that is the sole address the FFI has identified for the account holder.
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Taxpayer Identification No.
APPLICATION CORPORATE ACCOUNT FOR NEW CLIENTS
Section B: Declarations I/We confirm that I/we have read and understood CIMB Bank’s Terms and Conditions Governing the Operation of Deposits Accounts including the Personal Data Protection Terms and Conditions (Corporate) (available at all Bank branches) and agree to abide and be bound by these terms and conditions. I/We agree that the Bank may vary, alter and amend any terms and conditions in its sole discretion. I/We understand that my/our submission of this application and acceptance of this application by CIMB Bank shall in no way be construed as approval of my application and that CIMB Bank reserves the right not to approve this application without giving any reasons whatsoever. I/We confirm that I/we am/are not in the process of being liquidated, struck-off, wound-up or terminated, and that there has been no Statutory Demand served on me/us, and that there has been no legal proceedings commenced against me/us at the time of this application. I/We agree that I/we shall be jointly and severally responsible and liable to CIMB Bank for all monies owing/payable and liabilities incurred to CIMB Bank by us or any of us whether in the name of or on behalf of the partnership firm or otherwise. Upon any partner ceasing to be a member of the partnership firm by death, bankruptcy, retirement or otherwise, CIMB Bank shall treat the surviving or continuing partner or partners for the time being as having full power to carry on the business of the partnership firm and to deal with its assets, as if there had been no change in the partnership firm (applicable to partnership only). I/We represent and warrant that my/our funds do not originate from, nor will they be routed through, an account maintained at a Foreign Shell Bank1, or a bank organised or chartered under the laws of a Non-Cooperatives Jurisdiction2. I/We declare that information given in this application is true and correct and that I/we have not wilfully witheld any facts. I/We warrant that all copies of documents submitted to CIMB Bank are true copies and belong to CIMB Bank absolutely. I/We authorise CIMB Bank to obtain and verify all information about me/us as it may deem fit at its absolute discretion. I/We agree to promptly provide any information or representations deemed necessary by CIMB Bank for verification, in its sole discretion, to comply with anti-money laundering regulations countering the Financing of Terrorism and related responsibilities from time to time. I/We acknowledge that in the event of delay or failure to produce any information or representations required by CIMB Bank for verification purposes, CIMB Bank may take such actions as in its sole discretion deem necessary, including, without limitation, to refuse to accept this application and/or the funds. I/We undertake to keep CIMB Bank informed of any changes in my/our particulars given in this application. I/We confirm that CIMB Bank may at any time and without liability to me/us, disclose any information relating to me/ us or any of my/our accounts which I/we may have with you, to any third party as you may deem fit at your absolute discretion if compelled by law, there is a duty to the public to disclose, interest of the bank require disclosure and disclosure is made with customer’s expressed or implied consent and as stated in the terms and conditions. I/We hereby certify and confirm that the person(s) whose signature(s) appear in the Authorised Signatories section above and acting according to the signing conditions/mandate indicated therein are authorised to draw, sign, accept or make for or on my/our behalf all cheques, bills of exchange, orders to pay and any other instruments (even if, where permitted by CIMB Bank the relevant account is or will become overdrawn) in respect of or in connection with the Account, even though the payment is for the benefit of any director, employee, authorised person/signatory or individual order of any signing person without CIMB Bank having to enquire into the circumstances or being liable in any way in respect of such payment and CIMB Bank be and is authorised to honour any such cheques, bills of exchange, orders to pay and any other instruments. The person(s) whose information appear(s) in the Authorised Signatory(ies) section in this application form and/or in other letter(s) of instruction is/are authorised to perform and effect the above services opted by me/us at any time and from time to time for and on my/our behalf in relation to the abovementioned accounts. I/We confirm that the abovementioned Authorised Signatory(ies) has/have sufficient authority to perform and effect all transactions of such services for and on my/our behalf and all such transactions shall be binding and conclusive on me/us. I/We confirm that CIMB Bank is authorised to verify and/or make any checks and/or obtain any information and/ or confirmation, with or from any credit reference agencies and/or any other agencies and/or from any financial institution, on me/us and/or any other person, individual and/or entity as the Bank may deem fit, for any purposes which the Bank deems fit. CIMB Bank is hereby irrevocably and unconditionally authorised to disclose any information or particulars given by me/us herein to any person(s) in or out of Singapore and for such purpose(s) as CIMB Bank deems fit, proper or necessary at any time. I/We confirm that I/we have read and fully understood the Declaration By a Corporate/Institutional Applicant and agree that the terms and conditions therein form part of this application.
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APPLICATION CORPORATE ACCOUNT FOR NEW CLIENTS
By signing below, I/we confirm that I/we am/are authorised to sign the application form for and on behalf of the company/ association/club/society/partnership. 1 2
Refers to a foreign bank without physical presence in any country. Refers to any foreign country that has been designated as non-cooperative with international anti-money laundering principles or procedures by an inter-governmental group or organisation, such as the Financial Action Task Force on Money Laundering (“FATF”).
Name:
Name:
NRIC/Passport No.:
NRIC/Passport No.:
Designation:
Designation:
Approving Person
Approving Person
Name:
Name:
NRIC/Passport No.:
NRIC/Passport No.:
Designation:
Designation:
Approving Person
Approving Person
FOR BANK’S USE ONLY
MAS Industry Code
BNM Code
Attended By
Approved By
Date
Date
INPUT BY ACCOUNT SERVICES
Notes
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Date of Account Opening V2015 JUL
CIMB Account No.
