For SME

What We Need From You

From Sole Proprietor:

• Two recent colored passport size photos
• Original and two photocopies of National ID or passport
• Reference letter from employer or from existing KCB customer.
• Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification.
• Minimum account opening balance as applies
• Original and two photocopies of Certificate of Registration
• Copy of Business Tax Certificate (TIN)
• Duly filled FATCA forms from the IRS website. (W-8Ben for non-US persons and the W-9 for US citizens)
• A confirmation of the source of inward funds, the US or another foreign country

From Limited Liability Company:

• Two recent colored passport size photos of the directors
• Original and two photocopies of National ID or passport of each director verified by a bank official
• Reference letter for each director from an existing KCB customer or parent Ministry for the Investors.
• Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification.
• Minimum account opening balance as applies
• Original and two photocopies of Certificate of Registration/Incorporation from Ministry of Legal Affairs
• Membership Certificate from the Chamber of Commerce
• Copy of Business Tax Certificate (TIN) from the Directorate of Taxation
• Tax clearance form from the Tax Authority.
• Properly drawn Articles and Memorandum of Association
• Board of Directors Resolution to open account on company letterhead with company seal stating specified mandate, account type and currency type.
• Registration Certificate from the Ministry of Trade & Investment
• Document of Business Search
• Duly filled FATCA forms from the IRS website. (W-8Ben for non-US persons and the W-9 for US citizens)
• A confirmation of the source of inward funds, the US or another foreign country

N/B

• Directors Identification must be physically done, and passport physically verified.
• Must have confirmed introduction letter from employer or two KCB account holders – verified and accepted by bank official
• All account opening documents and form must be stamped and verified by a Bank official.

From Non-Governmental Organizations (NGOs):

• Two recent colored passport size photos of each director/signatory
• Original and two photocopies of National ID or passport of each director verified by a bank official
• Letter of Introduction or reference from the NGO Headquarters
• Reference letter for each director from an existing KCB customer or parent Ministry for the Investors.
• Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification.
• Minimum opening balance as applies
• Utility bills such as water, power, and rent should be attached
• Original and two copies of Certificate of Registration from South Sudan Relief and Rehabilitation Commission (SSRRC)
• The NGO Governing Council Resolution to open the account on a letter head with the NGO seal
• Copies of VISA and Alien Certificate of Registration for foreign nationals.
• Community Based Organizations (CBOs) should have a Certificate of Registration from the relevant government agency.
• NGO Resolution to open the account on the letterhead indicating signing mandate, account type, and signed by all partners.
• A summarized copy of the NGO document, project document and rules and regulations for certification
• For US related NGOs, duly filled FATCA forms (W-8Ben E) and obtain GIIN from the IRS website
• A confirmation of the source of inward funds, the US or another foreign country
• A copy of donor agreement or verified letter from foreign donor for NGOs expecting foreign funding

From Government Institutions:

• Two recent colored passport size photos of each signatory
• Original and two photocopies of National ID or passport for each signatory
• Letter from Parent Ministry requesting bank to open account, stating mandate, signatories, purpose of account and signed by the Under Secretary or Director General Finance & administration at the state level.
• Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification.
• Minimum opening balance as applies
• Certificate of Registration

From Consulates/Embassies/High Commissions:

• Two latest colored passport size photos for each signatory
• Original and two photocopies of National ID or passport of each director verified by a bank official
• Letter of Introduction or reference from the Foreign Affairs Home Government for each signatory
• Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification.
• Minimum opening balance as applies
• Utility bills such as water, power, and rent should be attached
• Original and certified letters from the Home Government requesting to open account, stating mandate and signatories.
• Letter of Authorization to open account from the local Foreign Affairs office
• Approval from the Head of Business or Managing Director
• Valid VISAs of the signatories
• Risk matrix. Confirm the risk classification of the account as per the risk matrix

From Associations/Churches/Committees:

• Two recent colored passport size photos or each signatory.
• Original and two photocopies of National ID or passport of each director verified by a bank official
• Reference from parent ministry/parish/main body
• Duly filled and signed physical verification form. Must include phone number, plot and house number, landmarks or local administrator verification for the company
• Original letter of introduction detailing activities and funding for churches registered and funded from abroad.
• Original and Copy of Certificate of Registration from Ministry of Legal affairs or Religious Affairs
• Original and Copy of the constitution
• Copy of minutes duly certified by the by chairman and secretary, authorizing opening of account and mode of operation
• Societies reference from the Ministry of Social Services
• Officials’ Resolution to open the account on company letterhead with seal, indicating signing mandate, account type.
• For US related entities, duly filled FATCA forms (W-8Ben E) and obtain GIIN from the IRS website
• A confirmation of the source of inward funds, the US or another foreign country
• A copy of donor agreement or verified letter from foreign donor for churches expecting foreign funding

N/B

• Directors Identification and passport & VISA for foreign nationals must be physically verified.
• Must have confirmed introduction letter from employer or existing KCB account holder

From Trust/Estate Administration:

• Original and copy of authenticated Letter of administration from the Supreme or High Court.
• Two recent colored passport size photos of each trustee/administrator
• Original and two photocopies of National ID or passport of each trustee/administrator.
• For trust accounts, a Trust Deed original and copy authenticated at the Supreme court/High Court
• Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification.
• Minimum opening balance as applies
• Utility bills such as water, power, and rent to be attached
• Original and two copies of the Certificate of Trust Registration
• Original and copies of Alien Card or passport for foreign individuals
• A Trustee Resolution to open the account indicating signing mandate, account type and must be on Trust letter head and signed by all Trustees.
• For US related entities, duly filled FATCA forms (W-8Ben E) and obtain GIIN from the IRS website
• A confirmation of the source of inward funds, the US or another foreign country
• A copy of donor agreement or verified letter from foreign donor for Trusts expecting foreign funding

Rates and Fees

• Opening balance of SSP 200 (USD 200)