Mora Banc

REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH MORA BANC

• Personal Presence required within one month of account opening
• No Initial deposit
• Minimum balance of EUR 1,000,000
• The account opening time frame is on a case by case basis.

DOCUMENTS REQUIRED
For the Company:
A set of legalized company documents consisting of:

• Certificate of Incorporation
• Memorandum and Articles of Associations
• Documents confirming the appointment of company directors and secretary (if any)
• document confirming the location of the registered office
• Share Certificate(s)
• Certificate of Good Standing if the company is more than 12 months old
• Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
• Valid License (if applicable)

For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

• Notarized copy of valid passport.
  The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
• Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
• Original or notarized copy of Banker's reference letter, dated within 3 months
• Power of Attorney (where applicable)
• Personal CV

For each corporate officer (Where the company directors or shareholders are legal entities), please provide:
A set of legalized company documents consisting of:

• Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
• Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
• Copy of the Corporate Structure.
• Certificate of Good Standing.

PLEASE NOTE:

Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
SHIPPING COST
Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and will be USD 130. Please be advised that there will be some exceptions where the fee might be higher.

Founded in 1952, Mora banc is a family owned financial institution based in Andorra. The bank offers an array of banking services including basic banking, private banking, asset management and online brokerage services.

Mora banc originally began in 1938 as an exchange bureau called Bonaventura Mora. It was not until 1952 when Bonaventura Mora obtained permission to handle a variety of currency operations. In the year 1956 the financial institution changed its name to Banca Mora. The bank rebranded again in 2011 under the name Mora banc.

The bank was awarded the Andorran Bank of the Year by The Banker magazine four times in 2009, 2011, 2013 and 2015. It was also named the Best Banking Group of Andorra by World Finance in 2010, 2011 and 2014.