Opening a company account at Centenary Bank Uganda requires a written application, certified incorporation documents (Certificate of Incorporation, Memo & Articles), a Board Resolution, TIN number, valid IDs/photos of signatories, and an initial deposit of UGX 300,000.
Key Requirements for Company Account (Current/SME):
Application Letter: Written application to open the account on company letterhead.
Company Documents: Certified copies of the Certificate of Incorporation, Memorandum and Articles of Association.
Director/Shareholder Details: Certified Company Form 7 (Particulars of Directors).
Tax Compliance: Tax Identification Number (TIN) certificate.
Licenses: Copy of the company trading license.
Signatory Identification: Two (2) passport-size photographs and valid National IDs/Passports for all authorized signatories.
Resolution: Certified Board Resolution to open the account.
Physical Presence: All signatories must be physically present.
Opening Deposit: UGX 300,000.
NOTE; For other entity types like NGOs or SACCOs, additional documentation such as permits, bylaws, and introduction letters from authorities (e.g., District Commercial Officer) are required.
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