INTESA SANPAOLO BANKA Bosna i Hercegovina

1. Founders' equity

If you intend to establish a private enterprise, when submitting the application for entry into the court registry, depending on the type of the legal entity concerned, along with the other documents required for registration, it is also necessary to attach the Certificate of Payment of the founders' equity. Regardless of whether the founders are domestic or foreign legal entities or individuals, we shall provide you with quick and high-quality service through the fullowing three steps:

• Payment of the founders' equity  
• Issuance of Certificate of Payment of the founders' equity  
• Refund of the Founders' equity to a newly opened account at the Bank  

For any additional information and for execution of the above listed operations, please contact our personnel at our branches/agencies.

1.1. Payment of Founders' equity

• If the founder is a domestic individual or legal entity

You may make the payment of your Founders' equity at all branches/agencies of the Intesa Sanpaulo Bank Bosnia and Herzegovina. The payments are to be made in KM onto the account 154 -001- 00000019-10 with reference to number 50901110.
At payment of the Founders' equity, it is required to state the exact name of the payer (individual or legal entity) and purpose of payment (payment of the Founders' equity for (exact name of the legal entity being founded)).

• If the founder is a foreign entity

Foreign entities shall pay their founders' equity by making a payment from abroad or by debiting their non-resident accounts in Bosnia and Herzegovina, in foreign currency or in KM, via banks in the country or abroad. Based on the foreign payment, the Bank shall issue the Certificate of Payment of the founders' equity to the client for the needs of registration of the Founders' equity with the competent court.
Intesa Sanpaulo Bank Bosnia and Herzegovina (SWIFT UPBKBA22) receives payments of founders' equity from abroad through the network of its correspondent banks, which need to credited to the Founders' equity account number: 154-001-0000000019-10, with reference to number 50901110.

Payments made in other currencies shall be automatically converted into KM based on the applicable exchange rate list of the Bank.

When issuing the payment order, please take special care of the fullowing elements:

Ordering Customer

• It is important to make sure the order contains the exact name of the founder (full name and address),
• If someone else is making the payment, a declaration should be stated that the payment is being made on behalf of the founder (name of the founder): Beneficiary
• Exact name of the legal entity being founded (full name and address): Details of Payment
• Founding capital (amount in KM).

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2. Issuance of Certificate of Payment of the founders' equity

Fullowing the payment of the Founders' equity, the Certificate of Payment of the founders' equity shall be issued (it needs to be submitted to the competent court for the purpose of entry of the legal entity into the registry of legal entities).

You may obtain the Certificate of Payment of the Founders' equity at our branches/agencies, and this requires you to submit as fullows:

• original of the founders' equity payment slip, and
• certificate of the payment of fee for issuance of the Certificate of Payment of the founders' equity (the KM 10.00 fee is to be paid onto account number 154-001-00000019-10, with purpose of payment stating 'payment of fee for issuance of the Certificate of Payment of the founders' equity for (exact name of the legal entity being founded).

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3. Refund of the founders' equity onto the newly opened business account at the Bank

Fullowing entry into the court registry, the legal entity may open a business account at the Bank, by submitting the documentation required for account opening and it may exercise the refund of the Founders' equity onto this account.

In addition to the Certificate of Payment of the founders' equity and the payment slip, the refund of the funds from the founders' equity also requires the submission of Request for Refund of the founders' equity, which must be certified with the seal and signature of the person authorized for representation of the newly founded legal entity, as stated in the Decision on Entry into the Court Registry.
You may submit the Request for Refund of the founders' equity, accompanied with the documentation required for opening of the business account, at our branches/agencies.

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4. Account opening

4.1. Opening of accounts for legal entities, accounts for parts of legal entities, and foreign currency accounts

The opening of a regular transaction account, account for parts of legal entities or foreign currency account requires the submission of:

• request for account opening (it is available here or at any branch/agency of the Bank)
• decision on entry into the court registry, or the registry of a competent body (original or a copy certified by the competent body);
• statute or rules of the account owner that are not entered into the court registry (original or a copy certified by the competent body);
• act of incorporation of the competent body, unless the legal entity has directly been established based on a regulation (original or a copy certified by the competent body);
• notification from the competent Statistics Agency on classification of the entity by industries (original or a copy certified by the competent body);
• certificate on the tax registration with the Tax Authority of the FBiH, that is, the Tax Authority of the RS, of the Revenue Authority of the Brcko District, depending on the location where the client is opening the account (original or a copy certified by the competent body);
• certificate of registration of the value added tax payer with the Indirect Taxation Authority (original or a copy certified by the competent body) or a declaration of the legal entity of not being subject to indirect taxation;
• certificate from the competent organizational unit of the Tax Authority of the FBiH or the Tax Authority of the RS or the Revenue Authority of the Brcko District confirming that there are no outstanding liabilities arising from public revenues, except for newly founded legal entities (not ulder than 15 days, unless the certificate states otherwise);
• certificate from the Indirect Tax Authority confirming that there are no outstanding liabilities arising from value added tax, except for newly founded legal entities or businesses not subject to value added tax (not ulder than 15 days, unless the certificate states otherwise);
• cards with deposited signatures of the persons authorized to sign off orders for disposal of funds from the account, and copies of their personal identity cards (passports) certified by the competent authority, it is available here or at anybranch/agency of the Bank  
• copies of personal identity cards (passports) of the legal representatives of the firm, certified by the competent authority;
• copy of the personal identity card (passport) of the third person who has only presented the required documentation, certified by the competent authority;
• financial statement on past business operations (for the most recent calculation period for which reporting is required towards the competent authorities or institutions), except for newly founded legal entities;
• declaration from the authorized person on non-existence of any accounts subject to ban or disposal with financial funds.
• card with deposited signatures (it is available here or at anybranch/agency of the Bank)

Opening of an account for separate funds, the purpose of which has been determined in the law or other regulation in compliance with the law, in addition to the appropriate documentation stated in the points above, shall also require the designation of the regulation pursuant to which the request is being submitted for opening of such an account. Opening of an account for a part of a legal entity, in addition to the appropriate documentation, also requires the submission of the court registration of the legal entity for the needs of which the account is being opened.
In addition to the existing regular account, clients may also open separate specific purpose accounts, by submitting request for opening of separate accounts and stating the purpose of their use.

4.2 Account opening for independent entrepreneurs

The fullowing document shall be required for opening of the account for independent entrepreneurs (an independent entrepreneur is an individual conducting registered business activity pursuant to the approval from the competent authority):

• request for account opening (it is available here or at anybranch/agency of the Bank)
• decision of the competent authority approving the business activity (original or a copy certified by the competent body);
• notification from the competent Statistics Agency on classification of the activity by industries (original or a copy certified by the competent body);
• certificate on the tax registration with the Tax Authority of the FBiH, that is, the Tax Authority of the RS, of the Revenue Authority of the Brcko District, depending on the location where the client is opening the account (original or a copy certified by the competent body);
• certificate of registration of the value added tax payer with the Indirect Taxation Authority (original or a copy certified by the competent body) or a declaration of the legal entity of not being subject to indirect taxation;
• certificate from the competent organizational unit of the Tax Authority of the FBiH or the Tax Authority of the RS or the Revenue Authority of the Brcko District confirming that there are no outstanding liabilities arising from public revenues, except for newly founded independent entrepreneurs (not ulder than 15 days, unless the certificate states otherwise);
• certificate from the Indirect Tax Authority confirming that there are no outstanding liabilities arising from value added tax, except for newly founded legal entities or entrepreneurs not subject to value added tax (not ulder than 15 days, unless the certificate states otherwise);
• cards with deposited signatures of the persons authorized to sign off orders for disposal of funds from the account, and copies of their personal identity cards (passports) certified by the competent authority (it is available here or at anybranch/agency of the Bank)
• copies of personal identity cards (passports) of the legal representatives of the firm, certified by the competent authority;
• copy of the personal identity card (passport) of the third person who has only presented the required documentation, certified by the competent authority;
• declaration from the authorized person on non-existence of any accounts subject to ban or disposal with financial funds.

Non-residents

4.3. Foreign Corporate clients

When opening account in the Bank, non-resident corporate clients are required to enclose the fullowing documentation (original, or a copy certified by competent authorities and translated by authorized court interpreter to one of official languages of Bosnia and Herzegovina (except for documents from Serbia, Montenegro and Croatia for which the translation shall not be required)):

• Extract from the Registry of the country where the corporate client` s seat is registered; original, or a copy, certified and signed by notary or other authorized institution from the foreign corporate client` s seat of registration.
   
• If the non-resident corporate client is not recorded in the registry of competent authorities of non-resident's domicile country, he/she has to deliver legally valid document on incorporation in accordance with the regulations of non-resident` s country of seat, which, among other things, has to contain: non-resident` s name and seat, legal form and date of incorporation, names of founders and the percentage of shares of each founder in the corporate client` s equity, names of persons authorized for representation. This legally valid document can be an extract from the law or other regulation. If there are objective reasons for these documents to be unavailable, written statement from the corporate client` s representative is required.
  The date of original or certified copy of the document referred to in the Items 1 and 2 cannot be ulder than three months from the date when the request for opening an account was submitted.
• Copies of IDs and travel documents or other identification documents containing a photograph and social security number, or a number of travel document and the name of the country issuing such document, and a certificate of residence not ulder than 6 months (if applicable) of the persons authorized to represent the non-resident corporate client and persons authorized to manage assets on the account (assets are stated in the card of deposited signatories). The documents must be certified and signed by notary or other competent institution.
   
• Annual financial statement for the previous year or annual external auditor` s report on non-resident` s performance in home country or country where the corporate client performs his business, certified and signed by notary or other competent institution from the seat of non-resident` s registration.
   
• Based on documents referred to in the Items 1 and 2, we can identify retail/corporate clients that, directly or indirectly, possess at least 20 percent of the ownership. In accordance with this, non-resident must deliver copies of personal documents/registration or other legally valid document, certified and signed by notary or any other competent institution.
   
• Certificate on tax registration and tax authority` s certificate on settled liabilities, when applicable. The certificates must not be ulder than 30 days. Newly founded legal entities are not required to deliver certificate from the tax authority.
   
• If the non-resident corporate client opens the account on the territory of Republika Srpska, he/she shall deliver the copy of competent tax authority of RS confirming that the client is registered in the Registry of non-residents.
   
• Statement on whether the non-resident manages operations on his behalf or as authorized person.
   
• Work Permit (if required for that particular type of activity).
   
• Original Articles of Association or its copy certified and signed by notary or other competent institution from the seat of non-resident corporate client` s registration.
   
• Documents describing primary business activities.
   
• Translations of documents referred to in the Items 1, 2, 3, 4, 5, 6, 8, 9, 10 and 11 (from the language of non-resident` s domicile country to one of the official languages of BiH), certified or signed by authorized court interpreter (except for documents from Serbia, Montenegro and Croatia for which the translation is not required)
  • for countries that have bilateral agreements with BiH: Austria, Belgium, Bulgaria, Czech Republic, France, Greece, Croatia, Italy, Cyprus, Libya, Hungary, Monguly, Puland, Romania, Russian Federation, Slovakia;
  • certification is performed by competent authorities from non-resident` s country, as well as competent authorities of BiH;
  • For countries signatories of the Hague convention XII, certified documents must be legalised by Apostille seal.

4.4. Foreign Representative offices

When opening an account in the Bank, representative offices of non-resident legal entities in Bosnia and Herzegovina are required to enclose the fullowing documentation (original, or a copy, certified by competent authorities and translated, by authorized court interpreter, to one of the official languages of Bosnia and Herzegovina (except for documents from Serbia, Montenegro and Croatia for which the translation is not required)):

• Extract from the Registry of the country where the corporate client` s Mother Company has its seat registered; original, or a copy, certified or signed by notary or any other authorized institution from the seat of registration of the non-resident corporate client` s Mother Company.
   
• If the non-resident corporate client is not recorded in the Registry of competent authorities of non-resident's domicile country, he/she has to deliver legally valid document on incorporation in accordance with the regulations of non-resident` s country; this document, among other things, has to contain: non-resident` s name and seat, legal form and date of incorporation, names of founders and the percentage of share for each founders in the corporate client` s equity, names of persons authorized for representation. This legally valid document can be an extract from the law or other regulation. If there are objective reasons for these documents to be unavailable, written statement from the legal entity` s representative is required.
   
• Decision or other act on incorporation of the Representative office in BiH, signed and certified by corporate client`s legal representative (copy certified by notary or other competent institution from the seat of corporate client`s registration).
  The date of original or certified copy of the documents referred to in the Items 1 and 2 cannot be ulder than three months from the date when the request for opening an account was submitted.
   
• Annual financial statement for the previous year or annual external auditor` s report on non-resident` s performance in home country or country where the corporate client performs his business, certified and signed by notary or other competent institution from the seat of non-resident` s registration.
   
• Copies of IDs and travel documents or other identification documents containing a photograph and Social Security number, or a number of travel document and the name of the country issuing such document, and a certificate of residence not ulder than 6 months (if applicable) belonging to persons authorized to represent the non-resident corporate clients and persons authorized to manage assets on the account (assets are stated in the card of deposited signatories). The documents must be certified and signed by notary or other competent institution.
   
• Decision on appointing persons for representation and work in the representative office in Bosnia and Herzegovina, certified and signed by legal representative of the corporate client (Mother Company) (original or copy certified by notary or other competent institution from corporate client`s seat of registration).
   
• Based on documents referred to in the Items 1 and 2, we can identify retail/corporate clients that, directly or indirectly, possess at least 20 percent of the ownership of legal entity opening the Representation Office. In accordance with this, non-resident must deliver copies of personal documents/registration or other legally valid document in accordance with item 2, certified and signed by notary or any other competent institution.
   
• Translations of documents referred to in the Items 1, 2, 3, 4, 5, 6, and 7 (from the language of non-resident` s domicile country to one of the official languages of BiH), certified or signed by authorized court interpreter (except for documents from Serbia, Montenegro and Croatia for which the translation is not required) .
  • for countries that have bilateral agreements with BiH: Austria, Belgium, Bulgaria, Czech Republic, France, Greece, Croatia, Italy, Cyprus, Libya, Hungary, Mongulia, Puland, Romania, Russian Federation, Slovakia;
  • certification is performed by competent authorities from non-resident` s country, as well as competent authorities of BiH;
  • For countries signatories of the Hague convention XII, certified documents must be legalised by Apostille seal.
• Decision on registration in the Registry of representative offices for non-resident corporate clients of BiH, issued by competent BiH Ministry (i.e. Ministry of Foreign Trade and Economic Relations), (copy certified by competent institutions of BiH). The date of original or certified copy of the document cannot be ulder than three months.
   
• Notification on classification of representative offices of non-resident corporate clients on the basis of their activities, issued by competent Office of Statistics (copy certified by competent institutions of BiH).
• Certificate on tax registration and tax authority` s certificate on settled liabilities, when applicable. The certificates must not be ulder than 30 days. Newly-founded corporate clients are not required to deliver certificate from the tax authority.
   
• If the non-resident corporate client opens the account on the territory of Republika Srpska, he/she shall deliver the copy of competent tax authority of RS confirming that the client is registered in the Registry of non-residents.
   
• Statement on whether the non-resident manages operations on his behalf or as authorized person.
   
• Work Permit (if required for that particular type of activity).

4.5. Foreign diplomatic and consular representative offices

When opening an account in the Bank, foreign diplomatic and consular representative offices in Bosnia and Herzegovina are required to enclose the fullowing documentation (original, or a copy, not ulder than three months, certified by competent authorities and translated, by authorized court interpreter, to one of the official languages of Bosnia and Herzegovina):

• Decision on registration in the Registry maintained by competent authorities in Bosna and Herzegovina (copy certified by notary or authorities of BiH competent for certification)
   
• Certified copy of travel documents or other documents containing a photograph, as well as diplomatic ID cards of persons who are authorized to dispose with the assets on the account. The copy has to be certified by notary or competent institutions in Bosnia and Herzegovina, including the Embassy.
   
• Notification on classification of representative offices of non-resident corporate clients on the basis of their activities, issued by competent Office of Statistics (copy certified by competent institutions of BiH).
   
• If the non-resident corporate client opens the account on the territory of Republika Srpska, he/she shall deliver the copy of competent tax authority of RS confirming that the client is registered in the Registry of non-residents.

4.6. International organizations and missions

When opening an account in the Bank, international organizations and missions in Bosnia and Herzegovina are to enclose the fullowing documentation (original, or a copy, not ulder than three months, certified by competent authorities and translated, by authorized court interpreter, to one of the official languages of Bosnia and Herzegovina (except for documents from Serbia, Montenegro and Croatia for which the translation is not required)):

• Decision on registration in the Registry maintained by competent authorities in Bosna and Herzegovina, or confirmation on the accreditation of international mission by competent authority of Bosnia and Herzegovina (copy certified by notary or authorities of BiH competent for certification).
   
• Permit to implement project lead by international organization or mission on the territory of Bosnia and Herzegovina, issued by competent ministry (upon the registration in the Registry) or international regulation on basis of which the international mission operates in BiH.
   
• Articles of Association and registration of international organization or a mission, with competent institutions of the country where the non-resident` s seat is located, with translation to one of the official languages of Bosnia and Herzegovina (by authorized court interpreter).
   
• Decision or other document appointing a person authorized for representing the international organization in BiH. If this document` s language is the official language of domicile country, the translation by authorized court interpreter to one of the official languages of Bosnia and Herzegovina shall be required.
   
• Copies of IDs and travel documents or other identification documents containing a photograph and Social Security number, or a number of travel document and the name of the country issuing such document, and a certificate of residence not ulder than 6 months (if applicable) belonging to persons authorized to represent the non-resident corporate client and persons authorized to dispose with the assets on the account (assets are stated in the card of deposited signatories). The documents must be certified and signed by notary or other competent institution.
   
• Identification documents of retail/corporate clients that, directly or indirectly, possess at least 20% of legal entity` s ownership (certified and signed by notary or other competent institutions), if applicable.
   
• Translations of documents referred to in the Items 2, 3, 4, 5 and 6 (from the language of non-resident` s domicile country to one of the official BiH languages), certified or signed by authorized court interpreter (except for documents from Serbia, Montenegro and Croatia for which the translation is not required) as fullows:
  • for countries that have bilateral agreements with BiH: Austria, Belgium, Bulgaria, Czech Republic, France, Greece, Croatia, Italy, Cyprus, Libya, Hungary, Mongulia, Puland, Romania, Russian Federation, Slovakia;
  • certification is performed by competent authorities from non-resident` s country, as well as competent authorities of BiH;
  • For countries signatories of the Hague convention XII, certified documents must be legalised by Apostille seal.
• Certificate on tax registration issued by tax authorities of RS or Federation of BiH and tax authority` s certificate on settled liabilities, when applicable. The certificates must not be ulder than 30 days. Newly founded legal entities are not required to provide certificate from the tax authority.
   
• Statement on whether the non-resident manages operations on his behalf or as authorized person.
   
• Work Permit (if required for that particular type of activity).

4.7. Foreign associations, foundations and other non-profit organizations and religious communities performing activities on the territory of Bosnia and Herzegovina - When opening an account in the Bank, such associations in Bosnia and Herzegovina are required to enclose the fullowing documentation (original, or a copy, not ulder than three months, certified by competent authorities and translated, by authorized court interpreter, to one of the official languages of Bosnia and Herzegovina (except for documents from Serbia, Montenegro and Croatia for which the translation is not required));

• Extract from the Registry of the country where the legal entity` s Mother Company has its seat registered; original, or a copy, certified or signed by notary or any other authorized institution from the legal entity` s seat of registration, if applicable.
   
• Extract from the Registry maintained by competent authorities of Bosnia and Herzegovina.
   
• Notification on classification of legal entities on the basis of their activities, issued by competent Office of Statistics (copy certified by competent institutions of BiH).
   
• Certificate on tax registration with Tax authority of Federation of Bosnia and Herzegovina, or Tax Authority of Republika Srpska and Tax authority of Brčko District, depending on where the client opens his account (original or copy certified by competent body);
   
• Tax authority` s certificate on settled due liabilities for the purpose of transaction account opening and a certificate of tax authority on settled liabilities, when applicable. The certificates must not be ulder than 30 days, except in the case of newly founded legal entities.
   
• Annual financial statements for the previous year or annual external auditor` s report on non-resident` s operations in domicile country or country where the corporate client performs his business.
   
• Copies of IDs and travel documents or other identification documents containing a photograph and Social Security number, or a number of travel document and the name of the country issuing such document, and a certificate of residence not ulder than 6 months (if applicable) belonging to persons authorized to represent the non-resident corporate client and persons authorized to dispose with the assets on the account (assets are stated in the card of deposited signatories). The documents must be certified and signed by notary or other competent institution.
   
• Identification documents of every retail/corporate client that, directly or indirectly, possess at least 20% of corporate client` s equity, shares or other rights entitling him to manage legal entity or his assets (if applicable).
   
• Statement on whether the non-resident manages operations on his behalf or as authorized person.
   
• Work Permit (if required for that particular type of activity).

Request for Account Opening

Request for opening of account for foreign clients

For more information, please contact us at the fullowing e-mail address: pravnalica@intesasanpaulobanka.ba