Corporate onboarding

How to open a corporate account through BisB Mobile Application:

Before you start the application, please make sure you have the following documents ready with you:

• The applicant ID (smart card or passport)
• Memorandum of Association
• Articles and declaration of association
• Board resolution
• 6 months of Company statement
• Resident permit (Foreign customers)

If your company is still under formation, you will need the following additional documents:

• 6 months of Bank statements of all partners
• Company profile

Once you have all the required documentation, please follow the steps:

1. Launch BisB mobile application, select “Corporate Tab” and click “New corporate to BisB? Resume application”.
2. Read the instructions and click “Next”.
3. Enter the CR and branch number and click “Next”.
4. Verify your mobile number by entering the OTP received from BisB on the entered number and click “Next”.
5. Verify your email address by clicking on the link sent to your entered email and click “Next”.
6. Read and accept “Declaration” and “Term & Conditions for account opening and E-banking” and click “Next”.
7. Select the ID type (smartcard or passport), accept “Selfie authorization” and “Wathiq client consent”. Then, scan your ID, take selfie, and click “Next”.
8. Complete the stakeholders’ details either by scanning the stakeholder ID or by sending instruction to the concerned stakeholder to scan his/her ID and click “Next”.
9. click “Next”.
10. Upload all the required documents and click “Next”.
11. If your company is still under formation, accept the provided consents and click “Next”.
12. Complete the “PEP declaration” questions and click “Next”.
13. Complete “FATCA & CRS” questions and click “Next”.
14. Submit the “original board of resolution” to the nearest branch.
15. The bank will review the application and process the request accordingly.
16. Once the application is approved, you will receive an email and SMS notification on the verified contact details to proceed with the e-banking registration.
17. Launch BisB mobile application, select “Corporate Tab” and click “New corporate to BisB? Resume application”.
18. Follow the steps to verify your identity.
19. Complete the “E-banking registration”.

Please note the following:

• You should be an authorized person in your company to proceed with the onboarding.
• The Board Resolution template will be sent to the verified email once you complete the risk profiling details.
• The board resolution should be completed and signed by all the partners on the first and last page.
• The application will be reviewed by the bank only after completing all the details including submitting all stakeholders’ IDs and the submission of the original board resolution to the nearest branch.
• In case you left the application at any point, you can resume it within 7 days from the application initiation date.

Individual Establishment & Sijili

1. Owner’s Selfi
2. The owner’s CPR

Active Commercial Registrations (Partnership & W.L.L)

1. Partners & authorized signatories Selfi
2. Partners & authorized signatories’ CPR or Passport
3. Memorandum Of association
4. Articles and declaration of association
5. Board Resolution
6. Financial Audits ( optional )

Active without License (Under formation) Partnership & W.L.L

1. Partners & authorized signatories’ Selfi
2. Partners & authorized signatories’ CPR or Passport
3. Memorandum Of association
4. Articles and declaration of association
5. Board Resolution
6. 6 months statements of all partners
7. Company Profile