Foreign citizens who reside in Jordan can open bank accounts in the country, having numerous options at their disposal in terms of the banks to opt from and the kind of account these institutions offer. A bank account is important in order to effectuate the daily business activities, however, some foreign citizens still prefer using the bank accounts from their countries of origin.
In this article, our company formation agents in Jordan explain how to open a bank account in this country.
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Opening a joint limited liability company bank account in Jordan
Since the limited liability company in Jordan is the most common type of business entity used by foreign investors, the business partners of such a company will have to open a joint limited liability company account.
The documents needed to open such an account may include:
- A dully filled in Corporate Account Opening Form, available at the bank;
- The KYC Form for corporations, available at the bank;
- The filled in signature cards, available at the bank;
- The KYC Form for Persons: it must be filled in by the beneficial owner or owners and the authorized signatories;
- The proof of residency for the beneficial owner or owners and corporations, such as a recent utility bill;
- A valid Registration Certificate which identifies all business partners. Our company registration consultants in Jordan can provide further details on this certificate. We can also offer assistance in starting a business in Jordan;
- A vocational license;
- The valid identification for the beneficial owners and the authorized signatories.
Opening a savings account in Jordan
A savings accountin Jordan is often necessary for individuals who live and work in the country. To open such a bank account in Jordan, a valid ID is required.
Usually, most banks in Jordan impose a minimum sum which has to be deposited to open such an account and it has a minimum limit to enter the daily draw. Our company formation consultants in Jordan can offer more information related to these subjects.
If you would like to know more about the Jordan banking, or if you wish to open a company in Jordan, please get in touch with our friendly staff.