Simply better banking for your business

The following documents must be submitted:

• The contract or deed of establishment of a legal entity, or a notary-certified copy of it
• A notarised authorisation of the founders to sign the bank account agreement (if it is not being signed by the founders, and if such authorisation is not specified in the founding agreement or deed)

*You can open the temporary accumulative account and form the share capital online at the Register Centre self-service system (qualified e-signature will be needed)
 

• Paragraph 4 of Article 8 of the Law on Companies of the Republic of Lithuania establishes that the funds in the accumulative account of the company being established can be used only after the company has been registered in the Register of Legal Entities (lit. JAR). Considering this, the funds in the  accumulative account can be transferred only to an account opened in the name of the registered company at SEB Bank or another credit or electronic money institution
• If the company is not established, the authorised capital can be paid out from the accumulative account based on the instructions of the founders or the authorised persons

When starting cooperation with new clients, we follow the KYC (Know your customer) principle, which we are obliged to implement based on international and Lithuanian legal acts. It helps prevent money laundering, terrorist financing, identity theft, and protects our customers from fraud. For more information, please see Why do banks ask?

The following documents shall be submitted:

• The access code of the State Enterprise Centre of Registers, which is used to receive an electronic certified extract of a legal entity or the original of an extended extract (issued no earlier than 3 months ago)
• The original or a copy of the company’s documents of establishment (statutes, provisions, etc.)
• Identity document of the person signing the contract (passport, identity card, residence permit)
• Company seal, if the obligation to have it is established in the founding documents or the laws
• Legal entity questionnaire (PDF)
• A detailed scheme of the company’s ownership and control structure and documents validating it

1. in the scheme, indicate the data of all participants (legal entities and individuals) who have 25% or more of shares / voting rights at each level of the structure: entity’s name / individual’s name and surname, registration code / date of birth, country of registration / residence and percentage of shares / voting rights available
2. provide the documents from a reliable and independent source, containing information about the shareholders / members of the companies participating in the structure
3. additional documents do not need to be submitted if such information is provided in the information system of participants of legal entities (JADIS) of the State Enterprise Centre of Registers. Data shall be submitted to JADIS by all legal entities registered in the Republic of Lithuania, whose legal form is UAB, MB, VšĮ, ŽŪB, cooperative company (cooperative), TŪB, KŪB

Before starting our cooperation, we may ask you to submit additional documents, written explanations and ask questions about the nature of the company’s activities, planned operations or the origin of funds (assets). In some cases, opening an account may take up to 10 working days from the date of submission of all standard and additional documents.

Important

• If the contract is signed by a person authorised by the legal entity, it is necessary to have an authorisation to sign the bank account agreement, approved by the head of the legal entity or another management body (if the legal entity is not a our customer, the authorisation shall be certified by a notary)
• If you provide copies of documents, they shall be certified by a notary
• Documents shall be issued no earlier than 3 months before the date of submission to the bank
• Documents issued abroad shall be additionally certified by an apostille or legalised (depending on the country in which they are issued). Documents written in a foreign language should be translated into Lithuanian (the translation shall be signed by the translator, and their signature certified by a notary)
• If the legal entity is a general or limited partnership, please also submit the joint venture agreement or a transcript
   

The following documents shall be submitted:

• An extract from the register of legal entities (issued no earlier than 3 months before the legal entity applies to the bank to open an account) or the original or a copy of the company’s registration certificate
• The original or a copy of the company’s establishment documents (statutes, provisions, etc.)
• A copy of the decision of the management body of the legal entity, certifying the appointment or election of the manager and the right to dispose of the funds in the account, if this is not specified in the founding documents
• An authorisation to sign the bank account agreement approved by the head of the legal entity or another management body, if the agreement is signed by a person authorised by the legal entity
• The identity document of the person signing the contract:

1. Passport of a citizen of the Republic of Lithuania 
2. Identity card
3. Passport of a citizen of a foreign country
4. Identity card of a country of the European Union, Liechtenstein, or Switzerland
5. Temporary or permanent residence in the Republic of Lithuania permit
6. Foreigner’s passport of the Republic of Lithuania

• Company seal, if it is required to have it, according to its founding documents or laws
• Legal person’s questionnaire (PDF)
• The shareholder structure of the legal entity
• A detailed written description of economic activities and business interests in Lithuania
• Documents justifying the economic need for banking services in Lithuania (e.g., contracts with business partners in Lithuania, etc.)
• Account statements from the financial institutions whose services the legal entity uses of the last 12 months
• Annual financial report

All these documents shall be translated into Lithuanian, signed by the translator, and their signature certified by a notary public of the Republic of Lithuania. Documents shall also be legalised in accordance with the procedure established by the legal acts of the Republic of Lithuania.

We may ask you for additional documents, information or clarification, if it is necessary in compliance with the requirements established by law.
Please send all the necessary documents via e-mail non-residents@seb.lt. Document verification may take up to 3 months. After evaluating the information provided, we will contact the customer personally.
 

The following documents shall be submitted:

• Taxpayer registration certificate
• If the account is opened to a bailiff, the order of the Minister of Justice of the Republic of Lithuania regarding the appointment to serve as bailiff
• If the account is opened to an attorney-at-law, a certificate issued by the Lithuanian Bar Association, granting the right to engage in the activities of an attorney-at-law
• If the account is opened to an assistant attorney-at-law, the decision of the Lithuanian Bar Association regarding registration of a person on the list of Lithuanian assistants attorney-at-law
• If the account is opened to a notary, the order of the Minister of Justice of the Republic of Lithuania regarding the appointment to perform the duties of notary
• If the account is opened for a farmer, the original of the their farm registration certificate or a notarised copy of it
• Legal person’s questionnaire (PDF)