What documents are required to open a bank account?
- A valid access key to the electronic certified extract with the entity register data (ESI) in the electronic Register of Legal Entities (JAR) or an expanded extract from the Register of Legal Entities (JAR) – the original or a notarised copy / certified copy (no older than 3 months when presented to the Bank);
- the legal entity incorporation documents (the Articles of Association / Regulations / Statute) with amendments, if any – the original or a notarised copy / certified copy;
- if it is a person authorised by the head of the legal entity that applies to the Bank for opening of a bank account, in addition, a notarised power of attorney for performance of specific actions (for example, for opening a bank account, signing a bank account agreement, etc.) issued by the head or another management body of the legal entity (if the legal entity incorporation documents provide for quantitative representation) must be presented – the original or a notarised copy / certified copy, also, a copy of the personal identity document of the head of the legal entity must be presented;
- the original of the personal identity document of the head of the legal entity or a person authorised by him;
- the seal, if the legal entity is to have a seal.
* Legal entities registered in the Republic of Lithuania are public limited liability companies; private limited liability companies; special purpose public limited liability companies; variable capital investment companies; small partnerships; sole proprietorships; agricultural companies; cooperative companies; insurance companies; credit unions, their branches and representative offices; budgetary institutions and organisations funded from the national treasury or municipal treasuries; state-owned and municipal enterprises; public institutions and charity and sponsorship foundations; associations (public organisation, alliance, confederation, union, society, etc.), associations of multi-apartment building owners; political parties; trade unions; religious associations; non-profit enterprises and foundations.
- Farmer’s certificate / farm registration certificate – the original or a notarised copy / certified copy;
- if it is a person authorised by a farmer that applies to the Bank for opening of a bank account, in addition, a notarised power of attorney for performance of specific actions (for example, for opening a bank account, signing a bank account agreement, cards, etc.) must be presented – the original or a notarised copy / certified copy, also, a copy of the personal identity document of the farmer must be presented;
- the original of the personal identity document of the farmer or the person authorised by him.
- A valid access key to the electronic certified extract with the entity register data (ESI) in the electronic Register of Legal Entities (JAR) or an expanded extract about the partnership from the Register of Legal Entities (JAR) – the original or a notarised copy / certified copy (no older than 3 months when presented to the Bank);
- notarised joint venture agreement for the partnership – the original or a notarised copy / certified copy;
- if there is no appointed head of the partnership (when that is provided for in the joint venture agreement for the partnership) and it is one of the partners of the partnership that applies (if the joint venture agreement for the partnership does not provide that transactions are to be conducted and signed by one of the partners of the partnership), a notarised power of attorney issued by all partners of the partnership to one partner of the partnership – a natural person, for performance of specific actions (e.g. opening a bank account, signing a bank account agreement, filling in signature specimen cards, etc.) is to be presented – the original or a notarised copy / certified copy;
- originals of the personal identity documents of the head of the partnership, partners of the partnership or a person authorised by partners of the partnership;
- the seal, if the legal entity is to have a seal.
- A valid access key to the electronic certified extract with the entity register data (ESI) in the electronic Register of Legal Entities (JAR) or an expanded extract about the partnership from the Register of Legal Entities (JAR) – the original or a notarised copy / certified copy (no older than 3 months when presented to the Bank);
- a joint venture agreement or the deed of incorporation of the partnership (when the partnership is established by one founder) – the original or a notarised copy / certified copy;
- if there is no appointed head of the partnership (when that is provided for in the joint venture agreement for the partnership) and it is one of the partners of the partnership that applies and if the joint venture agreement for the partnership does not provide that transactions are to be conducted and signed by one of the partners, a notarised power of attorney issued by all partners of the partnership to a natural person for performance of specific actions (e.g. opening a bank account, signing a bank account agreement, etc.) is to be presented – the original or a notarised copy / certified copy;
- the document (decision, minutes of a meeting) on appointment or election of the head of the partnership, if that is not provided for in the joint venture agreement for the partnership. If there is no head of the partnership appointed, transactions in the Bank are to be conducted and signed on behalf of the partnership by all partners of the partnership jointly or by one of the partners of the partnership, if that is provided for in the joint venture agreement for the partnership or a power of attorney issued by other partners of the partnership. The power of attorney must be notarised if the partners issuing the power of attorney are natural persons. The original or a notarised copy / certified copy of the document is to be presented;
- originals of the personal identity documents of the head of the partnership, partners of the partnership or a partner authorised by partners of the partnership;
- the seal, if the legal entity is to have a seal.
- Certificate of the right / permission to carry out activities of an advocate or a certificate of an advocate issued by the Lithuanian Bar Association – applicable to advocates; order of the Minister of Justice of the Republic of Lithuania on appointing a person as a notary public and a certificate of a notary public – applicable to notaries public; certificate issued by the Ministry of Justice of the Republic of Lithuania on the right to carry out activities of a bailiff and a bailiff’s certificate – applicable to bailiffs. The original or a notarised copy / certified copy of the document is to be presented;
- if advocates act under a partnership (professional law partnership) agreement without establishing a legal entity (have a common law firm), the Bank is to be presented with: 1) the joint venture (partnership) agreement (the original or a notarised copy / certified copy of the agreement), which would say that the indicated advocates have decided to cooperate, unite and act as a law firm; 2) a notarised power of attorney issued under such agreement if the partners assign performance of all actions to one person, i.e. to open a bank account, to conclude a term deposit agreement, to terminate it, to dispose of the funds – the original or a notarised copy / certified copy. A notarised power of attorney is required in case the joint venture agreement does not specify who represents the law firm;
- the original of the personal identity document of the representative;
- the seal that notaries public and bailiffs must have and present (an advocate is to present a seal, if any).
1) When there is an association of multi-apartment building owners established:
- a valid access key to the electronic certified extract with the entity register data (ESI) in the electronic Register of Legal Entities (JAR) or an expanded extract about the association from the Register of Legal Entities (JAR) – the original or a notarised copy / certified copy (no older than 3 months when presented to the Bank);
- documents of incorporation (the Articles of Association) of the association of multi-apartment building owners – the original or a notarised copy / certified copy;
- the original of the personal identity document of the head (chairperson) of the association of multi-apartment building owners;
- in case the association of multi-apartment building owners is going to conduct transactions involving other financial obligations (e.g. to take a Business Card), the minutes of the meeting of owners of 51 percent or more apartments and other premises, specifying the transactions that the association of multi-apartment building owners decided to conduct (the obligations it decided to assume), must also be presented.
2) when a multi-apartment building is administered by the municipality-appointed administrator (legal entity):
- the registration certificate of the administrator and a valid access key to the electronic certified extract with the entity register data (ESI) in the electronic Register of Legal Entities (JAR) or an expanded extract from the Register of Legal Entities (JAR) – the original or a notarised copy / certified copy (no older than 3 months when presented to the Bank);
- documents of incorporation (the Articles of Association, the Regulations) of the administrator – the original or a notarised copy / certified copy;
- the municipality’s decision (or its certified copy) to appoint it as the administrator of the common-use objects of the multi-apartment building, not established as an association of multi-apartment building owners and not operating under a joint venture agreement – the original or a notarised copy / certified copy;
- the document (decision, power of attorney) confirming the basis of representation by the administrator’s representative (if other than the head of the administrator) applying to the Bank – the original or a notarised copy / certified copy;
- the original of the personal identity document of the administrator’s representative.
3) when the multi-apartment building operates under a joint venture agreement:
- a joint venture agreement and an extract from the Real Property Register (before the extract is presented, the joint venture agreement must be registered with the Real Property Register and it must clearly indicate a representative of the multi-apartment building and his right to dispose of the funds accumulated by the owners of apartments in the multi-apartment building) – the original or a notarised copy / certified copy;
- the original of the personal identity document of the representative of the multi-apartment building (who is indicated in the joint venture agreement).
- A valid access key to the electronic certified extract with the entity register data (ESI) in the electronic Register of Legal Entities (JAR) or an expanded extract from the Register of Legal Entities (JAR) – the original or a notarised copy / certified copy (no older than 3 months when presented to the Bank);
- a certified copy of the court ruling to initiate bankruptcy/restructuring proceedings against the legal entity or, when the bankruptcy process is carried out of court – a certified copy of the minutes of the creditors’ meeting to recognise the legal entity to be bankrupt and, therefore, in liquidation. If the legal entity is in liquidation under the procedure set by the Civil Code of the Republic of Lithuania, a decision of the general meeting of shareholders or court or its certified copy regarding the liquidation of the legal entity and appointment of the liquidator (a natural person only) is to be presented – the original or a notarised copy / certified copy;
- a certified copy of the court ruling to appoint the administrator of a legal entity in bankruptcy/restructuring and if the administrator of a legal entity is another legal entity, then also a document of appointment of the authorised person (if not indicated in the court ruling), or, when the bankruptcy process is carried out of court – a certified copy of the minutes of the creditors’ meeting on appointment of the administrator;
- the Articles of Association (the Statute, the Regulations) of the legal entity or their notarised copy / certified copy (there is no obligation to present);
- the originals of the personal identity documents of the administrator/liquidator of the legal entity or a person authorised by him (if the administrator of a legal entity is another legal entity, then of its head / authorised person);
- the seal if the legal entity must have one (if the seal that was in the possession of the former heads of the legal entity is not transferred to the administrator/liquidator, the administrator/liquidator is not under the obligation to present it to the Bank).
Legal entities in the process of incorporation, with the Articles of Association still to be registered, have to present to the Bank the following documents for opening of the capital accumulation account meant for accumulation of funds for the authorised (share) capital, except for those that apply to the Bank for opening of the capital accumulation account remotely:
- the founding document (deed of incorporation or founders’ agreement) signed by the founder(s) – the original or a notarised copy / certified copy;
- the power of attorney to open a capital accumulation account*** (if the founders’ agreement provides for a number of founders and the founding document does not specify an authorised person) – the original or a notarised copy / certified copy. If it is the single founder that opens a capital accumulation account by presenting a deed of incorporation, no power of attorney is required;
- originals of the personal identity documents of the founder(s) and/or authorised persons.
*** When the capital accumulation account is changed into a bank account, the number of the account does not change.