The following points are important to read prior to proceeding to the next step:

• The costs of Incorporation are USD 3,750 (three thousand seven hundred and fifty US Dollars)
• Incorporation of a company takes on average seven working days to complete, provided that all necessary information/documentation is duly submitted.
• If you are applying for a merchant account, you will need to provide the company with at least one company director (Step 5)

Documentation

In order to complete successfully this application, you must provide the following documentation:

• Doc1. A scanned copy of your passport/ID
• Doc2. A scanned copy of a personal bank reference letter.

*Important: The application is designed in such way, as to restrict applicants to proceed to the next step, unless if Doc1 and Doc 2 are attached in Step 7.

The bank reference:

The bank reference letter should be issued by a well known bank, and should include such information which will provide assurance that the applicant is well known to them.

In step 5, you will be requested to provide details of the directors (if nominee directors are not requested). Please ensure that Doc1 and Doc2 are also available.

In step 6, you will be requested to provide details of the shareholders of the company (if nominee directors are not requested). If the shareholder is a corporate body, then the certificate of incorporation, and a corporate bank reference letter should be provided.

In step 7, you are requested to disclose information about the ultimate beneficial owner of the company.  The ultimate beneficial owner of the company has to be a physical person. He/She must be the actual owner and beneficiary of the company activities, and be liable against any legal or criminal notices against the company.

Doc1 and Doc 2 must be provided for this person.

Confidentiality

All information provided is treated in strict confidence and is only disclosed to the necessary authorities. Unless there is a court order to do so, no information is disclosed to any third party.