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OPEN AN ACCOUNT
CORPORATE CLIENTS

PROCESS FLOW

Introduction
Documentation
Agreement
Setup & Configuration
Workshops & User Training
Funding / Limit Setup
Trading

Introduction with the Relationship Manager and the MFS DIFC Client On-Boarding Team

Required KYC Documents and Agreements to be submitted to the MFS DIFC Client On-Boarding Team

All required agreements to be signed off by both parties

System setup and configurations to be done based on the agreements

Client teams to be made familiarized with the systems and business processes

Client to fund the account or request for trading limits

Commence trading

THE FOLLOWING ARE REQUIRED FOR CORPORATE CLIENTS TO OPEN AN ACCOUNT
KYC Documents
  • Certificate of Incorporation / Commercial Registration*

  • Trade License

  • Articles of Association*

  • Proof of Regulation (if regulated)

  • Proof of stock exchange listing (if listed)

  • Board resolution approving to setup a trading account with MFS

  • Certified List of Board of Directors and their ID/ Passport copies

  • Certified List of Authorized Signatories and their ID/ Passport copies

  • Certified List of Beneficial Owners and their ID/ Passport copies (in case of GCC national - GCC ID card is mandatory)

  • Beneficial Owners’ source of wealth confirmation

  • Authorized Traders List

  • Audited Financial Statements

  • Confirmation that none of the beneficiaries are US nationals (if setup for trading in US markets)

  • Proof of address of shareholders and the entity (recent within 3 months of account opening date)

  • List of Controlling Personnel

  • Source of funds details (e.g. latest audited FS, quarterly MIS or management accounts, bank account details for last 03 months)

  • VAT Registration Certificate (For UAE clients only)

AGREEMENTS & FORMS
  • Professional Non-Institutional Client Agreement

  • Derivatives Trading Agreement

  • Investment Knowledge and Trading Experience Declaration

  • Politically Exposed Person Declaration

  • CRS Entity Form

  • CRS form for Controlling Persons

  • FATCA FORM

* “ID/ Passport documents, Commercial License / Trade License, Certificate of Incorporation, AOA/MOA, must be duly certified as “Original Seen” by a lawyer, notary or qualified accountant with complete details of the certifier e.g. name, address, contact number, membership of the professional institution and its number.”

SEND US YOUR DOCUMENTS

Send us your complete set of documents to mid-office@mubasherfs.com  with a header “Account Opening – <Your Name>”.