The account is used to raise capital for establishing a commercial enterprise. The capital deposited is blocked till presenting the registration of the company in the Commercial register.
Opening: In bank offices, after presenting documents as follows:
- Memorandum of Association or Minutes of Incorporation
- Declaration for the beneficial owners of capital
- copies of personal identification documents of representatives or proxies (if any) and beneficial owners of the capital
- power of attorney (if the account is opened by a proxy) certified by a notary
Interest Accrual: This account does not bear interest.