CHECKLIST OF STEPS FOR OPENING BANK ACCOUNTS

Personal Accounts (Individual)

RESIDENTS

Vanuatu residents are required to provide identification and proof of address documents.
  1. Identification Documents
    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

    Citizenship Certificate

    D

    Passport

    Vanuatu National Provident Fund Card

    E

    Passport

    National ID Card

    F

    Passport

    Certificate of Baptism

    G

    National ID Card

    Driving License

    H

    National ID Card

    VNPF Card

    I

    National ID Card

    Birth Certificate

    J

    National ID Card

    Citizenship Certificate

    K

    National ID Card

    Certificate of Baptism

    L

    Vanuatu National Provident Fund Card

    Driving License

    M

    Vanuatu National Provident Fund Card

    Birth Certificate

    N

    Vanuatu National Provident Fund Card

    Certificate of Baptism

    O

    Driving License

    Certificate of Baptism



    Please note:
    • All of the above documents need to be Certified OR Notarized (either by a Certified Accountant, Finance Company Officer, Financial Institute Officer, Judge of a Court, Justice of Peace, Magistrate, Notary Public, Registrar / Deputy Registrar of a Court or a Commissioner of Oaths).
    • All Vanuatu passport holders issued during the year 2018 till date will need to provide their passport of origin or last residence, driving license and a copy of bank statement from their last residence country. Exception will only be for those who have been living in Vanuatu for the past 10 years and have obtained Vanuatu citizenship.

  2. 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 and 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
  • Police Clearance Certificate
  • Power of Attorney
  • Driving License of country of origin

All of the above documents need to be Certified and Notarised (either by a Certified Accountant, Finance Company Officer, Financial Institute Officer, Judge of a Court, Justice of Peace, Magistrate, Notary Public, Registrar / Deputy Registrar of a Court or a Commissioner of Oaths) unless there are original documents.

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 I Shareholder I 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 VIPA Certificate (if applicable)
    14. Due Diligence Documents (Director I Shareholder I Beneficial Owner)
      • Certified or Notarised Passport Copy
      • Certified or Notarised Driving Licence
      • Certified or Notarised Proof of Address
      • Authorised Person Information Record
      • Self Certification Formertificate of Incorporation

  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 I Shareholder I 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 I Shareholder I 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 I Shareholders I Beneficial Owners
    6. Certificate of Good Standing
    7. Certificate of Incumbency
    8. Financial Statements (last filed)
    9. Business plan
    10. Due Diligence Documents (Director I Shareholder I 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
The following can stamped and certified copies of documents and IDs
  • Certified Accountant
  • Finance Company Officer
  • Financial Institute Officer
  • Judge of a Court
  • Justice of Peace
  • Magistrate
  • Notary Public
  • Registrar I Deputy Registrar of a Court
  • Commissioner of Oath