Account opening procedure

In order to open an investment account:

• Fill in a request. During the next working day our manager will contact you, specify details and prepare a list of documents.
• Sign a ready package of documents at the nearest office.
• After a complete set of documents is signed, you will be sent a notification with an instruction to generate electronic keys to access the trading terminal, you will also receive bank details and SSI.

List of documents for legal persons/entities wishing to open an investment account.

• Application form for a legal entity;
• Constituent documents (registration certificate, Articles of Association, Memorandum of Association, etc.) with registered amendments and supplements;
• Documents certifying the passive legal capacity of the legal entity according to the laws of the country where this legal entity is established, in particular: an extract from the trade registry (issued no later than 3 (three) months before the date when the documents are presented);
• A document certifying the registered address of the legal entity (issued no later than 6 (six) months before the date when document is presented);
• Documents certifying the effective powers of the company manager (person entitled to the person entitled to represent the legal person); (issued no later than 6 (six) months before the date when the documents are presented);
• Licenses (if any);
• Notarized powers of attorney for attorneys (if any);
• Documents certifying the ownership structure of the legal entity, which shall also include data of the ultimate beneficiaries (issued no later than 6 (six) months before the date when the documents are presented);
• Copies of identification documents of all the persons who have right of signature and of the beneficiaries, as well as the copies of the documents certifying places of residence of the persons who have right of signature on behalf of the legal person;
• For the Clients except for residents of Russian Federation who receive their income from operations or financial instruments which are subject to taxation in Russian Federation: tax certificate or other document as a proof of the tax residence for the current tax period (calendar year). The document is to be provided annually. In case the Client doesn’t provide such a document or fails to provide it to the Investment firm on time, the Client bears all the risks concerning non-use of preferential tax rate by the tax agents.

Copies of specified documents must be certified by notary or the employee of the Investment firm who accepts the document provided that the original documents are presented with an apostille or legalization in a consulate, unless it is otherwise stipulated by an international contract between Estonia and the country of registration / citizenship of the Client.

The documents shall be provided in Estonian, Russian, or English language. If they are made in another language, the documents shall be provided with a translation into Estonian, Russian, or English language with an apostille or legalization in a consulate, and the translation shall be certified by a notary, unless it is otherwise stipulated by an international contract between Estonia and the country of registration/citizenship of the Client.

The documents to be submitted to the tax agents in Russian Federation shall be translated into Russian language with an apostille or legalization in a consulate, and the translation shall be certified by a notary, unless it is otherwise stipulated by an international agreement between Russian Federation and the country of registration/citizenship of the Client (end recepient of the income coming from financial instruments).