The account is used to raise capital for establishing of a business. The capital deposited is blocked untill the company gets registered in the Commercial register.
In BACB offices, upon presenting the following documents:
- Memorandum of Association or Minutes of Incorporation
- Declaration for the beneficial owners
- Copies of personal identification documents of representatives or proxies (if any) and beneficial owners of the capital
- Notarized Power of attorney (if the account is opened by a proxy)
This account does not accrue interest.