What do I need to open a company bank account for a Limited Liability Company (LLC) in Trinidad and Tobago?

The general requirements to open a company bank account for a Limited Liability Company are:

1.Certificate of Incorporation;

2. The Incorporation documents, these are Forms 1,4,8,27,

3.Most Recent Annual Returns;

4.Two valid forms of Government issued, photo identification for each director;

5.A utility bill in your name, if the bill is not in your name, you will need an authorization letter from the person whose name appears on the utility bill and a copy of their unexpired Government issued photo identification. I am always telling my clients to get a utility bill in their name. See my YouTube video where I explain the importance of this.

6.A Company Stamp with your registered company name on it.

7.Special letters such as a letter of request, a letter requesting online banking.

8.Cash Flow Projections for three years.

9.Some banks require a Board of Inland Revenue (BIR) number each director and for the conmpany;

10.By-Laws, if applicable.

11.Additional documents such as F.I.U (Financial Intelligence Unit) Registration.

Other documents may be required according to the sector that you operate in.

Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.

Blog: https://sydneygroupblog.wordpress.com/

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Disclaimer:
The content herein is only for informational and educational purposes and does not constitute legal advice. Please be advised that no attorney/client relationship is created by the publishing of this content. You should consult with your attorney at law for independent legal advice.

No representations or warranties are made about the suitability, comprehensiveness and or accuracy of the information and other content contained on this channel. It should be noted that legal information and content can become out of date and I give no undertaking to keep this blog up to date. All liability for any loss or damage of any kind which may be suffered as a result of accessing and using the information and or content of this blog is hereby excluded to the full extent permitted by law.

#antoinette #sydney #trinidad #business #ideas #registration #llc #incorporation #entrepreneurs #trinidadonlinelawyer #aml #amlexpert #consultant #antimoneylaundering

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