Corporate (Foreign)
"Create an account as a company based abroad"

Opening an account as a foreign company

Documents required in order to open an account or request for an application:

  • Central Depository System 2 form (CDS 2) || View Sample
  • Central Depository System 2 (A) form (CDS 2 (A)) || View Sample
  • Company Know Your Customer (KYC) form (Company KYC) || View Sample
  • Directors Individual KYC forms (Directors KYC)
  • FATCA declaration form (FATCA)
  • Other documents required to be certified as true copies by the Company Secretary:

  • Securities Investment Account (SIA) details with documentary evidence
  • Director Details
    • Name/s, Address, Occupation of Directors
    • Passport copies of directors
      • If the Director/s is/are also Company/ies, the following information on such Director Company should be given;
      • Name of the Company
      • Date of Incorporation
      • Place of Incorporation
      • Registered Address
      • If an authorized person signs the CDS application form on behalf of the applicant company, requires;
      • A copy of the Board Resolution/Power of Attorney authorising such person to sign on behalf of the company
      • Passport copy/ies of such persons.
  • Name and address of top 10 shareholders
  • Name of person/s authorized to give instructions with a copy of the Power of Attorney/Board Resolution
  • In addition, the following documents are also required;
    • Certified copies of Memorandum & Articles Association
    • Certified copy of Certificate of Incorporation
    • Board Resolution (Part of account opening)
    • Certified copy of Certificate to Commence Business (where relevant)
    • Certified copy of "Good Standing" issued by the Registrar of
    • Companies/applicable authority where the company is incorporated

Please note:

  • When filling the application forms please avoid using correction fluid.
  • All supporting documents should be certified as true copies of originals by a solicitor, Attorney -at -Law (relevant country) or an Embassy Official.
  • Details required in 7 A and 8 above have to be provided on a Company letterhead duly certified by the Company Secretary or a director with the date

Same process as an unlisted company (see above) with the exception that documents mentioned in 7, 8, 10 A and 10 B above are not required.

Please note:

If completed documents are to be posted, please submit a scanned copy of the documents to the NDBS Operations Department via e-mail ( for verification, prior to posting the documents to NDBS.