CHECKLIST OF STEPS FOR OPENING BANK ACCOUNTS

Personal & Joint Accounts (Individual)

RESIDENTS

Vanuatu residents are required to provide identification and proof of address documents along with their application form.
  1. Identification Documents (NI-VANUATU)

    You are required to submit one of the below combinations:

    Combination
    Primary Document
    Secondary Document

    A

    Passport

    Driving License

    B

    Passport

    Birth Certificate

    C

    Passport

    VNPF Card

    D

    Passport

    National ID Card

    E

    National ID Card

    Driving License

    F

    National ID Card

    VNPF Card

    G

    National ID Card

    Birth Certificate

    H

    VNPF Card

    Driving License

    I

    VNPF Card

    Birth Certificate

    J

    Driving License

    Birth Certificate


  2. Identification Documents (FOREIGNERS)

    You are required to submit one of the below combinations:

    Combination
    Primary Document
    Secondary Document

    A

    Passport

    Driving License

    B

    Passport

    National ID Card

    C

    Passport

    VNPF Card



    Please note:
    • All Vanuatu passport issued under Development Support Program (DSP) will need to provide their passport of origin or last residence, driving license and a copy of bank statement from their last residence country along with a copy of their Citizenship Certificate. Exception will only be for those who have been living n Vanuatu for the past 10 years and have obtained Vanuatu citizenship.
    • All of the above documents need to be Certified or Notarised (unless they are original documents). The following can be stamped and certified as true copy or notarized by :

      1. Certified Accountant
      2. Finance Company Officer
      3. Financial Institute Officer
      4. Judge of a Court
      5. Justice of Peace
      6. Magistrate
      7. Commissioner of Oaths
      8. Notary Public

  3. Verification of Address Documents

    You are required to submit one of the following documents:
    • Recent Utility Bill issued within the last three months
    • Landlord letter confirming address within the last three months
    • Tenancy Agreement if customer is renting

    All the above documents need to be Certified or Notarised.

NON-RESIDENTS

You are required to submit all the documents listed below:
  • Passport of country of origin
  • Identity Card of country of origin
  • Bank Statement from a recognized bank (for the past 6 months)
  • Police Clearance Certificate (shouldn’t be older than 6 months)
  • Proof of Address (shouldn’t be older than 3 months)
  • Driving License of country of origin

click here to download the PDF verison of Individual Accounts Requirements




Corporate Accounts

Corporate customers will need to provide the following documents along with their application form:
  1. VANUATU LOCAL COMPANY
    1. Corporate Account Application Form
    2. Board Minutes for Account Opening
    3. Notarised or Certified Certificate of Incorporation
    4. Notarised or Certified Company Rules or M & A
    5. Ownership Structure
    6. Notarised or Certified Register of Director / Shareholder / Beneficial Owner
    7. Annual Return (Last filed)
    8. Business Profile
    9. VNPF Employer Certificate (if applicable)
    10. VAT Return (last filed)
    11. Notarised or Certified Business Licence (if applicable)
    12. Notarised or Certified Business Name (if applicable)
    13. Notarised or Certified VFIA Certificate (if applicable)
    14. Due Diligence Documents (Director / Shareholder / Beneficial Owner)
      • Certified or Notarised Passport Copy
      • Certified or Notarised Driving Licence
      • Certified or Notarised Proof of Address
      • Authorised Person Information Record
      • Self Certification Form

  2. VANUATU INTERNATIONAL COMPANY
    1. Corporate Account Opening Form
    2. Board Minutes for Account Opening
    3. Notarised or Certified Certificate of Incorporation
    4. Notarised or Certified Constitution
    5. Ownership Structure
    6. Notarised or Certified Register of Director / Shareholder / Beneficial Owner
    7. Certificate of Good Standing (if Company is older than 1 year)
    8. Certificate of Incumbency (if Company is older than 1 year)
    9. Business Plan
    10. Due Diligence Documents (Director / Shareholder / Beneficial Owner)
      • Certified or Notarised Passport Copy
      • Certified or Notarised Driving Licence
      • Certified or Notarised Proof of Address
      • Authorised Person Information Record
      • Self Certification Form

  3. OVERSEAS COMPANY
    1. Corporate Account Opening Form
    2. Board Minutes
    3. Notarised or Certified Certificate of Incorporation
    4. Notarised or Certified Constitution or M & A
    5. Notarised or Certified Register of Directors / Shareholders / Beneficial Owners
    6. Certificate of Good Standing
    7. Certificate of Incumbency
    8. Financial Statements (last filed)
    9. Business plan
    10. Due Diligence Documents (Director /Shareholder / Beneficial Owner)
      • Certified or Notarised Passport Copy
      • Certified or Notarised Driving Licence
      • Certified or Notarised Proof of Address
      • Certified or Notarised Police Clearance Report
      • Authorised Person Information Record
      • Self Certification Form
Certification / Notarization can be done by the following:
  • Certified Accountant
  • Finance Company Officer
  • Financial Institute Officer
  • Judge of a Court
  • Justice of Peace
  • Magistrate
  • Commissioner of Oath
  • Notary Public

click here to download the PDF verison of Corporate Accounts Requirements