Open a current account

Collection of documents required for opening current, deposit and special accounts:

Commercial legal entities (OJSC, CJSC, LLC, Cooperatives, Partnerships (full and limited))

• Notarized copy of the Charter ****;
• Notarized copy of the extract from the state register ****;
• Original of the duplicate certificate issued by the tax authority;
• Copy of identity document of authorized persons (ID card for residents; other identity document for non-residents);
• Documents on the establishment (information on the shareholder structure, a copy of the registration document of the legal entity that is a direct founder, a copy of the document confirming the identity of the natural beneficiary and the right of ownership if this person is not a direct founder), **
• CRS questionnaire;
• W-8BEN-E / W9 (W9 for the Passive Entity, W8-BEN-E in other cases), the US person being the “Supervisor” (beneficiary) of the FATCA procedure);
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement. 

Non-commercial legal entities (Public Union, Fund, etc.)

• Notarized copy of the Charter ****;
• Notarized copy of the extract from the state register ****;
• Original of the duplicate certificate issued by the tax authority;
• A copy of the identity document of authorized persons (ID card for residents; other identity document for non-residents);
• Documents on the establishment (a copy of the registration document of the legal entity that is the direct founder, a copy of the identity document of the natural person who is the direct founder); **
• CRS questionnaire;
• W-8BEN E;
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement.
• Letter of permission from the State Treasury Agency of the Ministry of Finance of the Republic of Azerbaijan (if the funding is entirely from the state budget and the budget of the Nakhchivan Autonomous Republic) 

Public legal entities

• Notarized copy of the Charter ****;
• Notarized copy of the extract from the state register ****;
• Original of the duplicate certificate issued by the tax authority;
• Letter of permission from the State Treasury Agency of the Ministry of Finance of the Republic of Azerbaijan (if the funding is entirely from the state budget and the budget of the Nakhchivan Autonomous Republic);
• A copy of the identity document of authorized persons (ID card for residents; other identity document for non-residents);
• CRS questionnaire;
• W-8BEN E;
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement.

 For government agencies and budget organizations:

• Letter of permission from the State Treasury Agency of the Ministry of Finance of the Republic of Azerbaijan to open a bank account for organizations financed from the state budget and the budget of the Nakhchivan Autonomous Republic;
• Document on approval of the charter (regulations) of the state body operating on the basis of the charter (regulations) approved by the act of the relevant state authority ****;
• Original of the duplicate certificate issued by the tax authority;
• CRS questionnaire;
• Copies of ID cards of authorized persons;
• W-8BEN E;
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement.

Municipalities:

• The text of the legal act on approval of the charter of the municipality included in the State Register of Legal Acts of the Republic of Azerbaijan;
• Original of the duplicate certificate issued by the tax authority;Səlahiyyətli şəxslərin  Şəxsiyyət vəsiqələrinin surətləri;
• CRS questionnaire;
• W-8BEN E;
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement.

Individual entrepreneurs:

• Identity document of an individual entrepreneur (the information in the document is checked for compliance with the information in the application for opening an account and a sample signature sheet, a copy of the document is made for storage in the bank and the document is returned);
• Copy of Tax ID (desirable for identification)
• Original of the duplicate certificate issued by the tax authority;
• A copy of the identity document of authorized persons (ID card for residents; other identity documents for non-residents);
• If the order on the account is entrusted to a third party - a notarized copy of the power of attorney;
• CRS questionnaire (if one of the answers is "Yes", an additional request must be submitted below);
• W-8BEN / W9 (only if any question on residency is answered positively in the CRS questionnaire regarding the United States. In this case, if the US is identified as an individual under the FATCA procedure - W9. In other cases, no form is required.);
• Signature and stamp samples sheet; ***
• Bank Account Opening and Service Agreement.

Branches and representative offices of legal entities:

• Notarized copy of the extract from the state register of the legal entity ****;
• Original or notarized copy of the statute of the branch or representative office approved by the legal entity (submits a document confirming that the statute of the institution operating on the basis of the standard statute is exemplary) ****;
• Original of the duplicate certificate issued by the tax authority;
• A copy of the identity document of authorized persons (ID card for residents; other identity documents for non-residents);
• Documents on the establishment (information on the shareholder structure, a copy of the registration document of the legal entity that is a direct founder, a copy of the document confirming the identity of the natural beneficiary and the right of ownership if this person is not a direct founder)
• CRS questionnaire;
• W-8BEN-E / W9 (W9 for Passive) person registered in the United States or a US person who is a “Supervisor” (beneficiary) under the FATCA procedure, otherwise W8-BEN-E
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement.

To the first trade union organization:

• A decision or extract from a decision approved by the trade union to which the trade union is a member;
• Notarized charter of the trade union of which it is a member ****;
• Copy of identification document of authorized persons (ID card for residents; other identity document for non-residents);
• A copy of the document confirming the registration of the first trade union organization ****;
• Original of the duplicate certificate issued by the tax authority;
• Copy of Tax ID (desirable);
• CRS questionnaire;
• W-8BEN E;
• Signature and stamp sample sheets;
• Bank Account Opening and Service Agreement.

Family farming:

• A notarized copy of the certificate issued by the municipality where it is registered in the relevant area;
• Identity document of the head of the family farm (the information in the document is checked for compliance with the application for opening an account and a sample signature sheet, a copy of the document is made for storage in the bank and the document is returned);
• Copy of Tax ID (desirable);
• CRS questionnaire;
• W-8BEN E;
• Signature and stamp sample sheets;
• Bank Account Opening and Service Agreement

 Non-resident legal entity *:

• Notarized copy of the extract from the state register of branches and representative offices of foreign legal entities in the Republic of Azerbaijan (if the account is opened for branches and representative offices of foreign legal entities) ****;
• Original or notarized copy of the regulations of branches and representative offices of foreign legal entities approved in accordance with the legislation (if the account is opened for branches and representative offices of foreign legal entities) ****;
• Unless otherwise provided by international agreements to which the Republic of Azerbaijan is a party, copies of founding and registration documents of a non-resident legal entity legalized in accordance with the legislation and notarized translation into Azerbaijani;
• Notarized copies of the special permission of the relevant state body (central bank or other state body) of a foreign country to open an account, legalized in accordance with the legislation and translated into Azerbaijani, if provided by international agreements to which the Republic of Azerbaijan is a party;
• Original duplicate certificate issued by the tax authority (except for the opening of accounts not related to entrepreneurial activity, for foreign legal entities, branches and representative offices of foreign legal entities, and individual entrepreneurs);
• Copies of identification documents of authorized persons;
• Documents on the establishment (information on the shareholder structure, a copy of the registration document of the legal entity that is a direct founder, a copy of the document confirming the identity of the natural beneficiary and the right of ownership in the absence of a direct founder);
• CRS questionnaire;
• W-8BEN-E / W9 (W9 for Passive) person registered in the United States or a US person “Supervisor” (beneficiary) under the FATCA procedure, otherwise W8-BEN-E; signature and stamp sample sheet;
• Bank Account Opening and Service Agreement

Official representations:

• Document confirming the status of the foreign diplomatic and other official representation (translated into Azerbaijani and notarized copy);
• CRS questionnaire;
• A copy of the identity document of authorized persons (ID card for residents; other identity document for non-residents);
• W-8BEN-E / W9 (W9 for a legal entity registered in the United States, otherwise W8-BEN-E)
• Bank Account Opening and Service Agreement.
• Samples of signature and stamp samples; 

Insurance collateral accounts for special notarial activities:

• Notarized copy of the certificate for professional notarial activity;
• A copy of the identity document of the authorized persons;
• CRS questionnaire;
• W-8BEN;
• Signature and stamp sample sheets;
• Bank Account Opening and Service Agreement.

Insurance collateral account:

• Notarized copy of the certificate for professional notarial activity;
• A copy of the identity document of the authorized persons;
• CRS questionnaire;
• W-8BEN;
• Signature and stamp sample sheets;
• Bank Account Opening and Service Agreement.

Notary's insurance collateral account:

• Notarized copy of the certificate for professional notarial activity;
• A copy of the identity document of the authorized persons;
• CRS questionnaire;
• W-8BEN;
• Signature and stamp sample sheets;
• Bank Account Opening and Service Agreement. 

Notary's guarantee account:

• Notarized copy of the registration certificate of the private notary
• A copy of the identity document of the authorized persons;
• CRS questionnaire;
• W-8BEN E;
• Sample sheet of signatures and seals
• Bank Account Opening and Service Agreement. 

Deposit account of state and private notary:

• Letter of consent of the relevant body of the Ministry of Justice of the Republic of Azerbaijan, which exercises control over notarial activities, to open a notary's deposit account in a bank
• Notarized copy of the special notary's registration card (for private notaries);
• A copy of the identity document of the authorized persons;
• CRS questionnaire;
• W-8BEN E;
• Samples of signatures and seals;
• Bank Account Opening and Service Agreement. 

Special (deposit) account opened with the customs authorities :

• A copy of the identity document of the authorized people;
• Relevant notarized registration documents of the customs authorities;
• CRS questionnaire;
• W-8BEN E;
• Sample signature and stamp sheet;
• Agreement on opening and servicing bank accounts.

To open a sub-account:

• A copy of the identity document of the authorized persons
• Notarized copy of the extract from the state register of the legal entity ****;
• the original of the duplicate certificate issued to the legal entity by the tax authority (the original of the duplicate certificate if the local body is a taxpayer);
• Sample sheet of signatures and seals.
• CRS questionnaire;W-8BEN E;
• Agreement on opening bank accounts and servicing (the right is concluded with the person with the relevant conditions).

 To open a special account of a person wishing to obtain a license for currency exchange activities:

• Letter of permission from the State Tax Inspectorate under the Ministry of Finance from organizations financed from the state budget and the budget of the Nakhchivan Autonomous Republic;
• Notarized copy of the Charter ****;
• Notarized copy of the extract from the state register of the legal entity ****;
• Identity document of an individual entrepreneur (the information in the document is checked for compliance with the information in the application for opening an account and a sample signature sheet, a copy of the document is made for storage in the bank and the document is returned);
• Signature and stamp sample sheets;
• Duplicate certificate issued by the tax authority.