At Salaam Bank, we believe that financial management is crucial for businesses for several reasons. This account is therefore created for business owners who are interested in saving and operating a day-to-day account for their registered businesses.
Features;
Opening Balance of UGX 100,000 | USD/GBP/EUR-100 KES - 4,000
Minimum Balance of UGX 50,000 | USD/GBP/ EUR-100/KES-4,000
Monthly Fees of UGX 10,000 | USD/GBP/ EUR-5/KES-650
Cash Withdraw at the Counter of UGX 2,000 | USD /GBP/EUR-0.4% for>$5000/KES-100
Requirements;
Limited Company Account
Certified copy of Form 1, 7 (20) and 18
TIN certificate and Valid trading license
Certified copy of Certificate of incorporation/registration.
Certified copy of Memorandum and Articles of Association
Certified copy of a Registered resolution to open an account in Salaam bank
2 passport photos, Valid IDs and proof of residence for signatories
Company Search (To be conducted by the bank)
Sole Proprietorships / Partnerships
Certified Certificate of registration
Certified Certificate of Statement of particulars
Copy of Trading License / (approval from professional bodies)
TIN certificate
Certified copy of Partnership deed (Partnerships)
2 passport photos, Valid IDs and proof of residence for signatories
Club/Society/Association/ NGO & Trust Account
Copy of registered resolution to open account and its mandate
Copy of rules and regulations/constitution/by-laws
Recommendation from local leaders
List of particulars of the promoters / list of office bearers for the entity
Introduction by an existing account holder of SBL, proffesional bodies like lawyers or supervising regulator
Tin certificate
Registration certificate / Incorporation
2 passport photos, Valid IDs and proof of residence for signatories
