Fidelity Bank

FACTS & INFO

• Requirements

  REQUIREMENTS FOR ACCOUNT SETUP:

  • Applicant must have a connection to the Cayman Islands
  • Personal presence is not required
  • The initial deposit and minimum balance will be US$500
  • The account will be activated within 1-2 weeks (upon receipt by the bank of all duly completed forms and relevant information)

  DOCUMENTS REQUIRED:

  For the Company:

  A set of legalised company documents consisting of:

  • Certificate of incorporation
  • Memorandum and articles of association
  • Documents confirming the appointment of company directors and secretary (if any)
  • Document confirming the location of the registered office
  • Share certificate(s)
  • Certificate of good standing if the company is more than 12 months old
  • Copy of the corporate structure, identifying the ultimate beneficial owner(s)
  • Valid license (if applicable)

  For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

  • Notarized copy of a valid passport. The passport must be signed and the signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of a utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of a bank reference letter, dated within 3 months.
  • Power of attorney (where applicable).
  • Personal CV.

  For each corporate officer (where the company directors or shareholders are legal entities), please provide:

  A set of legalised company documents consisting of:

  • Copies of constitutional documents (certificate of incorporation, articles, etc.).
  • Copy of the corporate register (which shall include register of shareholders, directors and secretary).
  • Copy of the corporate structure.
  • Certificate of good standing.

  Documents that are not in English must be accompanied by a certified translation.

• Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.

IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

If you conduct any activity without the required license or authorisation granted by a relevant authority in any jurisdiction, New Company will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

Licensable activities include, but are not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

Please contact us if you need assistance in the licensing of your financial, Forex brokerage or gambling company.

SHIPPING COSTS

Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to your order during checkout. Shipping costs for international courier services are set automatically depending on geographic zones.