KYC requirements

Who provides documents

• Every ultimate beneficial owner
• Every member
• Every manager
• Every shareholder
• Every director
• The settlor, who creates and funds the trust
• The protector, if there is one
• Every named beneficiary
• Every director of your private trust company
• The founder, who establishes and endows the foundation
• Every council member you appoint
• Supervisory board members, if any
• Every named beneficiary

If your package includes a nominee, we look after the nominee's documents; you provide them only for your own people.

If your trustee is a private trust company, we also need its incorporation documents.

If we provide professional council members, we look after their documents.

If a company is involved

When a company acts as a member or managera director or shareholderthe settlor, protector or a beneficiarythe founder, a council member or a beneficiary, we also need:

• Its Articles of Incorporation, Formation Certificate or equivalent
• The documents for each person, for every individual who owns it

Information and declarations

• Three proposed company names, in order of preference
• The full purpose of the company ("holding company" isn't enough)
• Source of funds and the estimated capital
• The address where books and records will be kept
• The assets to be settled, and their approximate value
• The settlor's source of funds and source of wealth
• Proposed beneficiaries and a draft letter of wishes
• A solvency affidavit, signed before assets are transferred
• The proposed name and purpose: private, charitable or both
• The legal form: foundation, trust, company or partnership
• The endowment, with its source of funds and source of wealth
• Proposed beneficiaries and any supervisory board
• Whether you or your immediate family have held public office
• Any criminal charge or conviction, other than traffic offences