FICA Requirements

FOR CLOSED CORPORATIONS

Acceptable verification documents

Founding documents
- Founding Statement and Certificate of Incorporation (CK1); and
- Amended Founding Statement (CK2) (if applicable)
Proof of physical operating address. If multiple addresses, proof of physical operating address must be given for the office seeking the business relationship AND the Head Office.
Document(s) issued by the South African Revenue Services bearing the close corporation's income tax and value added tax registration numbers. Only applicable if the close corporation has been issued such numbers.
A resolution/mandate authorising representative(s) to establish a business relationship or enter into a transaction on behalf of close corporation.
FICA information and documents must be provided in respect of individual persons that are connected to and / or who represent the close corporation. These "connected persons" are as follows:
- each member of the close corporation; and
- each authorised representative.