Account Opening

Question: What documents natural person is required to provide in order to open an account?

Answer: Full list of documents required for opening of an investment account is available on our website in Appendix №3.
Brief description:

• Application form for a natural person
• Copy of identity document. For citizen of CIS countries – copy of foreign passport
• Copy of document confirming the place of residence (utility bills, bank account statements or any other official document where the Client’s address is specified. For Russian citizen - provision of internal national passport with a mark of registration is possible).
• In case of availability of representative, it is necessary to provide verified power of attorney, application form for a natural person (if representative’s data were not included in the Client’s application form) as well as representative’s documents specified in items 2-3. For Clients, who receive income from transactions or instruments falling under taxation in Russian Federation – tax certificate or any other document confirming tax residence for the current tax period (calendar year). It is necessary to provide this document on annual basis.

Copies of documents specified above shall be verified by the notary or by the employee of the Investment Firm accepting these documents, provided that original documents are also shown or documents are marked with an apostille, unless required otherwise by the international agreement between Estonia and the country of registration/citizenship of the Client.

Documents shall be provided in the Estonian, Russian or English language. If documents are prepared in other language, documents shall be translated into Estonian, Russian or English and marked with an apostille, and the notary shall verify this translation, unless required otherwise by the international agreement between Estonia and the country of registration/citizenship of the Client. Additional certification of documents (an apostille or legalization) arranged in the territory of Russian Federation, Ukraine, Lithuania, Latvia, Poland is not required.

Documents provided to the tax agent of Russian Federation shall be translated into Russian and marked with an apostille, and the notary shall verify this translation, unless required otherwise by the international agreement between Estonia and the country of registration/citizenship of the Client (final recipient of income from transactions with financial instruments).

Question: What is the main difference between signing an agreement with the head Company registered in Estonia and the Company’s Cyprus branch?

Answer: The Client independently chooses with what Company to sign an agreement. However, there is a difference related to provision of access to instruments.