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Corporate Account Opening Requirements:

SOLE or SINGLE PROPRIETORSHIP
A) Identification documents/papers of the proprietor (please refer to the valid IDs listed under 3.4 )
B) Original and photocopy of the Application for Registration of Business Name with the Department of Trade and Industry
C) Original and photocopy of the Certificate of Registration of Business Name issued by the Department of Trade and Industry
D) Notarized Special Power of Attorney (required only when a person other than the proprietor is authorized to operate the account)

PARTNERSHIP
A) Identification documents/papers of the partners (please refer to the valid IDs listed under 3.4)
B) Original and photocopy of the Articles of Co-Partnership and amendments, if any
C) Original and photocopy of the Certificate of Registration issued by SEC
D) Notarized Partnership agreement, executed by all partners, which: (1) authorizes the opening of the Account with Bank of China, Ltd – Manila Branch (2) designates its authorized signatories (3) specimen signatures of the authorized signatories with their limits and combinations.
E) Partnership Resolution designating the partner authorized to deposit, withdraw or otherwise deal with Bank of China, Ltd – Manila Branch if no designation is made in the articles of partnership.

LOCAL CORPORATIONS
A) Identification documents/papers of the Chairman of the Board, Corporate Secretary and all the authorized signatories (please refer to valid IDs listed under 3.4)
B) Identification documents (ID) of the following stockholders or incorporators if they have: (a) At least 20% ownership should submit IDs (b) At least 10% ownership should submit Passport for the Bank to verify nationality of the stockholder for Foreign Account Tax Compliance Act (FATCA) regulations
C) Original and photocopy of the SEC Registration should be certified as True Copy of the Original signed by the Corporate Secretary or by any of the principal officers of the Corporation (Chairman or President)
D) Original and photocopy of the Articles of Incorporation and amendments, if any, should be certified as True Copy of the Original signed by the Corporate Secretary or by any of the principal officers of the Corporation (Chairman or President).
E) Original and photocopy of the By Laws and amendments, if any, should be certified as True Copy of the Original signed by the Corporate Secretary or by any of the principal officers of the Corporation (Chairman or President).
F) Original and photocopy of documents evidencing any change, addition or deletion to the ownership or officers of the corporation (if applicable)
G) Board Resolution or duly notarized copy of Secretary’s Certificate which (1) Authorizes the opening of the account with Bank of China, Ltd. - Manila Branch (2) Designates its authorized signatories With their corresponding positions and the manner of signing (whether any one or any two) (3) Contains specimen signatures of the authorized signatories. This should be submitted every time there is a change in the authorized signatories.
H) Updated Company General Information Sheet. This should be submitted with the Secretary’s Certificate if there are changes in the authorized signatories as well as any changes of designation of the officers
I) List of Shareholders and their number of shares in percentage (certified by the Corporate Secretary)
J) 2 pieces photographs of all signatories (optional, if pictures on the identifications submitted are not cleared.
Companies who are into the following businesses are required to submit The “Certificate of Registration” issued by the Supervision and Examination Department III of the Bangko Sentral ng Pilipinas:
- Pawnshops
- Foreign Exchange Dealers
- Money changers

TREASURER-IN-TRUST
A) Identification documents/papers of the Treasurer in Trust (please refer to IDs listed under 3.4)
B) Original and photocopy of the proposed Articles of Incorporation, specifying the appointment of the Treasurer in Trust certified as true copies of the original by the Treasurer-in-trust
C) Original and photocopy of proposed By Laws certified as true copies of the original by the Treasurer-in-trust
D) Notarized Treasurer’s Affidavit
E) Letter addressed to Bank of China, Ltd – Manila Branch by the Treasurer in Trust certifying that the funds deposited as initial paid up capital is free from lien, encumbrances, etc.
F) Letter of undertaking for the corporation undergoing the process of incorporation, which shall include the signature of all incorporators signifying the conformity to the designations and authorizations of the Treasure in Trust.
G) Copy of the SEC Reservation Payment Confirmation

COOPERATIVES
A) Identification documents/papers of all signatories (please refer to list of IDs under 3.4)
B) Original and photocopy of the Articles of Association or Constitution and amendments, if any, certified as true copies of the original by the one (1) of the authorized signatory.
C) Original and photocopy of the By Laws and amendments, if any and certified as true Copies of the Original signed by the Corporate Secretary or by any of the principal officers of the Corporation
D) Board Resolution or duly notarized Secretary’s Certificate which (1) authorizes the opening of the account with Bank of China, Ltd - Manila Branch (2) designates its authorized signatories (3) contains specimen signatures of the authorized signatories (4) specifies the signing authority of each signatory (5) states the names and positions of all the incumbent Officers of the Corporation.
E) Certification from the Cooperative Development Authority (CDA) F) If incorporated, the CDA Certificate of Registration and Filing shall be required.

FOREIGN BASED COPORATIONS
A) Board Resolution authorizing the opening of the account with Bank of China and authorizing the signatories or authorizing the President or Vice President or any officers to execute a Power of Attorney in behalf of the Foreign Corporation in favor of the person(s) who will open the account duly certified under oath by the Corporate Secretary
B) Specimen Signatures of the designated signatories duly certified under oath by the Corporate Secretary or by the Attorney-In-Fact
C) List of Incumbent principal officers duly certified under oath by the Corporate Secretary
D) Copy of the Article of Incorporation and By-Laws certified to be complete true and exact copy by the officer of the government of the house country of the corporation who keeps original documents. There should be a certification by such officer that the documents are valid and submitted documents should be authenticated by the Ambassador, Minister, Secretary of Legation, Charge de Affairs, The Consul, Vice Consul or Consular Agent of the Philippines acting within the country or place to which he is accredited.
The person taking the acknowledgement shall certify that the person acknowledging the instrument or documents is known to him and that he is the same person who executed it and acknowledged that the same is his free act and deed. The certificate shall be under his official seal, if he is by law required to keep a seal, if not, his certification shall so state.
E) If the Corporation is licensed to do business in the Philippines then should submit all required documents itemized under the local Corporation Account