Account Opening | SAM Precious Metals

ACCOUNT OPENING

in UAE & Egypt

To have access to our large variety of services & products, potential customers must open an account with us.

ACCOUNT OPENING
REQUIREMENTS

To have access to our large variety of services and products, potential customers in UAE and Egypt must open an account with us.
The requirements are as follows:

COMPANY REGISTRATION
DOCUMENTS

01.

- Memorandum of Association (and necessary amendments, if any)
- Articles of Incorporation
-Certificate of Incorporation/Shares Certificate

VALID TRADE
LICENSE

02.

Minimum of 3 months before expiration

PASSPORT COPY & VISA PAGE

03.

- Beneficial Owners / Shareholders
- Authorized Signatory/ies
- Person/s who will operate the account

BOARD RESOLUTION

04.

Stating the intention to open an account and its purpose, with information of the person who will operate the account.

AUTHORIZATION LETTER

For the people who are authorized by the company to communicate with the refinery for any services or to give any instructions of pick up/ Delivery of the metals. (see attached draft to be printed on your company letterhead)

LATEST UTILITY BILL OR TENANCY CONTRACT

05.

- Registered Address (as per the license)
- Office/Principal Address (primary address where the business activity is performed)
- Each beneficial owners/directors/signatories of the company

VAT REGISTRATION CERTIFICATE/ TRN NUMBER

06.

UNDERTAKINGS

07.

OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

RJC Code of practice

The New Jeweller-UAE' Magazine

LBMA Gold Guidance

LBMA Gold Guidance

SAM Supply Chain

DULY COMPLETED ACCOUNT OPENING FORM

08.

DULY COMPLETED
SUPPLY CHAIN QUESTIONNAIRE

09.

DULY COMPLETED
AML-CFT QUESTIONNAIRE

10.

11.

Kindly send the scanned copies of the required documents to [email protected] for the initial assessment.

IMPORTANT
INFORMATION

- We only accept documents in English or Arabic.
- The list above are basic minimum requirements, we may request for additional supporting documents.
- Documents and information including the company, shareholders, beneficial owners, and person/s who will operate the account are processed and checked against the World-Check database and other third-party due diligence software and service providers as part of our compliance procedure.

- For further assistance and clarification, please contact the Compliance Department by phone at +971 4 874 8668 or by email at [email protected]
- All client's information will remain confidential and not to disclose it to anyone.
- Sam Precious Metals should acknowledge the recipient of all account opening document and reserve the right to accept or reject the application without disclosing the reasons.

Please Contact Us FOR MORE DETAILS