0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!
0800 007 269 (Toll Free)

Get Compliant from Anywhere, Easy and Fast!

0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!

Foreign Directors Business Requirements

Permits and Rules for Foreign Nationals who want to open a Business Bank Account.

To open a business bank account in South Africa as a foreign director, you must comply with several requirements and submit numerous paperwork. Depending on the bank, these requirements may differ, however below are the basic procedures and paperwork required by FNB.

Documents Required to Open a Bank Account: 

  • Company Registration Documents (i.e., CIPC)
  • Foreign Directors’ identification
  • KYC – FICA Compliance Requirements (i.e., Proof of Business Operating address +
  • Proof of Residential Address for the directors.

*Please note that the bank may request additional documents where required.

Foreign Directors identification requirements:

Where the director/s are Foreign Nationals:

  • A Valid passport
  • One of the following Visa or Permits:
    • Permanent Residency Permit
    • Business Visa/ Permit
    • Visa with a condition to conduct business in South Africa
    • Visitor’s visa with a special condition to conduct business in South Africa


Where the director/s are Asylum Seekers:

  • Section 22 Permit


Where the director/s are Refugees:

  • Section 24 Permit 
  • Refugee Red ID


Where the director/s are Non-Residents of South Africa:

  • Presently applications are reviewed on a case-by-case basis and requirements will be confirmed on application.
  • Please contact your preferred bank to obtain information regarding the requirements. 

These permit requirements and rules are South African Exchange Control Rulings as per South African Laws.
It's important to contact the bank to discuss any further requirements.

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