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KYC - Know your Client
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Like all other offshore providers, Koru Corporate Services is required to
comply with "Know Your Client" regulations. While we may not act as the
Registered Agent for the jurisdictions in which we may incorporate, we are
required to fulfil due diligence requirements.
We are required to ensure that these are met, in order to verify the identity
of clients, in order to ensure we are not assisting money laundering and
terrorist financing. We have established a list of requirements that
we require, before we will accept a client and incorporating a company.
These apply to all jurisdictions that we work with, and are required before we
will process an application.
- Passport Copy: if you visit our offices, then we will make the
copy in our office, and certify the copy ourselves. However, if you
are not able to visit our office, then you should send us a
certified copy. This copy should have a
clearly visible photo, as well as clear personal details (nationality, date
and place of birth).
- A second identification document: driver's license, national ID card or
another (government/state-issued) document which has both a photograph as
well as clear personal details. This copy should also be certified, unless the copy is made in our office.
- Proof of residence (address): This may be in the form of a utility bill
(no more than 3 months old). This may also be a credit card statement,
a bank statement, or a government/council document.
- One original character reference from an attorney, accountant or your
bank. Your professional referee must have known you for at least two
years.
The certified true copy should be stamped, signed and dated by any of the
following persons:
- Notary Public
- Qualified Lawyer or Solicitor
- Consular Officer
Declaration:
We will require the client to sign a declaration on the application form that
the information provided is true and correct and that they are not in any way
related to any former or current regime which is considered to be criminal and
subject to international sanctions, or organisations which are generally known
to be involved in international terrorism or organised crime.
If you are acting on behalf of a third party, such as a client, you should
ensure that you have fulfilled due diligence requirements in your jurisdiction
to ensure that you are in full compliance.
Business Purpose:
We also ask our clients to explain the purpose of the company incorporation
which they are requesting. The information should answer the following
questions:
- What is the company for? This should answer more than simply
"general trading" or "import and export" - providing more specific details
of the type of business: "internet trading of hand-made toys" or
"import and export of silks and spices from India to England".
- Who are the people involved? This includes the details of the
ultimate beneficiary: the person(s) who receive the profits, even if they do
not appear as the director or shareholder of the company.
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