Foreign (Non-South African) Company Application

Due to FICA regulations, we need certain paper work to be completed and certified copies posted to us, couriered or dropped off before we can open your account. You will need to download, print, complete and sign the mandate available as a PDF file.

FICA Documents Required:
  1. Certified copy of registration documentation
  2. Company letterhead with the name under which it conducts business in foreign country
  3. Company letterhead with the name under which it conducts business in RSA
  4. Proof of operating address of head office in RSA
  5. Proof of operating address of office establishing business relationship (if different to head office)
  6. An original or certified copy of a bank statement, a cancelled cheque OR bank confirming account details on a bank letterhead(no credit card statements/internet statements)
  7. For each authorised individual acting on behalf of the company:
     a. a resolution document or mandate or written authority
     b. an original certified copy of South African green bar-coded ID (passport not acceptable for South African residents and South African citizens, unless accompanied by an affidavit explaining loss of SA green bar-coded ID) or passport (if foreigner)
     c. proof of residential address, for example, water and electricity bill (not older than three months) or current lease agreement
  8. For each Principal Executive Director(s):
     a. An original certified copy of South African green bar-coded ID (passport not acceptable for South African residents and South African citizens, unless accompanied by an affidavit explaining loss
     of SA green bar-coded ID) or passport (if foreigner)
     b. an original or certified copy of a proof of residential address, for example, water and electricity bill (not older than three months) or current lease agreement
  9. For each individual holding 25% or more of the voting rights at a general meeting of the company:
     a. a letter from Company Secretary detailing individuals, legal entities, trusts and/or partnerships holding 25% or more of the voting rights at a general meeting of the company
     b. a certified copy of RSA ID (if resident) or passport (if foreigner)
  10. For each legal entity holding 25% or more of the voting rights at a general meeting of the company:
     a. a letter from Company Secretary detailing individuals, legal entities, trusts and/or partnerships holding 25% or more of the voting rights at a general meeting of the company
     b. a certified copy of founding documentation or company registration documents of each legal entity
  11. For each partnership holding 25% or more of the voting rights at a general meeting of the company, a letter from Company Secretary detailing individuals, legal entities, trusts and/or partnerships holding 25% or more of the voting rights at a general meeting of the company and partnership agreement

Send all documents via registered post to Box 30584, Tokai, 7966 or via courier to 4 Silverwood Close, Steenberg Office Park, Cape Town, 7945. Also provide us with a tracking number if allocated one.

Please note that the minimum account size of R10,000 applies when opening an account with Sharenet Securities. If you wish to speak to somebody at Sharenet Securities, simply enter your contact information below so that a Sharenet Securities executive can contact you or alternatively give us a call or send an email. All our details are available at http://www.sharenetsecurities.co.za/trade/contact-us/