Service Documents:

1. A formal letter signed by the higher authority of the account holder, listing the names of authorized signatories.
2. Signature Specimen Cards: Two copies of signature sample cards bearing the official seal and certified by the account holder's higher authority. These cards should include the authorized signatories' full names, including their fathers' names, the account management method, and the effective date of the signature, as of the account opening date.
3. Personal ID: Copies of the authorized signatories' personal IDs.
4. Stamps: A stamp valued at 100 SYP each for the following types: financial, martyr, war effort.

In addition to the requirements mentioned above, the following documents must be submitted when opening an account:

In accordance with public banks:

A.     Decree, law, or deed of the establishment of the bank.

B.     Supporting Documents for the account's authorized signatories, such as appointment decisions and direct work orders: Original or certified copies by the competent authority.

In accordance with private banks and exchange institutions:

A.     License or decision authorizing banks/companies to practice the profession issued by the Presidency of the Council of Ministers.

B.     Decision to register in the register of banks/companies with the Banking Supervision Department issued by the Management Committee.

C.     The bank/company's Deed of Association.

D.     Certified commercial register dated no more than a month ago.

E.     Minutes of the first board of directors meeting, including approval of the Chairman and members of the Board of Directors, and the authorized signatories for account management.

F.      Certified copy of the bank/company's Articles of Association.

G.    Monetary and Credit Council’s Decision approving the licensing of an exchange company or office.

In accordance with financial brokerage companies:

A.     Certified commercial register dated no more than a month ago.

B.     Copy of the minutes of the first Board of Directors meeting specifying signature rights.

C.     Certified copy of the final licensing decision issued by the Borad of Commissioners of the Commission on Financial Markets and Securities.

D.     Certified copy of the direct order issued by the Board of Commissioners of the Commission on Financial Markets and Securities.

E.     Certified copies of the decision of the Board of Directors of Securities Exchange accepting the company’s membership in:

-        Damascus Securities Exchange

-        Clearing and Depository Center

Damascus Securities Exchange

-        The Council of Ministers’ decision to form the Board of Directors of Damascus Securities Exchange.

-        The Council of Ministers’ decision to appoint the Executive Director.

Service Fees:

10,000 SYP.

Service Classifications:

Businesses.