Need help opening your World Account?
You’re in the right place. Here’s a list of the documents you’ll need to get set up.
Summary of what to provide
If you're a company
- For each additional registered director: (i) name; (ii) date of birth
- For each shareholder with 25%+ ownership: (i) residential address; (ii) shareholding %; (iii) ID number / type / expiry date
If you're a trustee (corporate or individual) managing a trust arrangement
- For other trustees (companies or individuals): (i) name; (ii) address
- Trust registered business number
- A certified copy of your trust deed or extract (all pages as PDF, PNG or JPEG)
- For each individual or legal entity associated to the trust: (i) name of beneficiary; (ii) class of beneficiary
- For each beneficial owner of the trust with 25%+ ownership of the company: (i) name; (ii) date of birth; (iii) residential address
- If you are also a corporate trustee managing a trust arrangement
- For other registered directors of the trustee company: (i) name
- For each beneficial owner with 25%+ ownership of the trustee company: (i) name; (ii) date of birth; (iii) residential address
Proof of ID
Sample: Australia
Sample: New Zealand
Passport
The passport copy must:
- Be a colour copy
- Have a clear photograph of the individual
- Be issued by the government of the country in which you are a citizen or resident
Sample: Australia
Sample: New Zealand
Driving Licence
The driving licence copy must:
- Be a colour copy
- Have a clear photograph of the individual
- Be issued by the government of the country in which you are a citizen or resident
- Include front and back image
Company ownership
How to identify shareholders owning 25% or more of the company.
We need to identify any significant shareholder (otherwise known as an ultimate beneficial owner or UBO) – a person, who ultimately (directly or indirectly) owns or controls 25% or more of the company and its underlying assets.
Example 1
- Your company is 100% owned by Company B
- Company B is 20% owned by Individual C, and 80% owned by Individual D
- Your company is deemed to have 1 intermediate layer in its ownership structure (the number of layers between the company and its UBOs)
- Company B is deemed to be the Intermediate Entity Shareholder of your company
- The UBO with 25% or more interest in your company is Individual D
- Individual C only holds 20% effective interest in your company and is not deemed a UBO
Example 2
Company is owned directly by an individual
In this example:
- Your company is 100% owned by Individual B
- Individual B is deemed to be the sole UBO with 25% or more interest in your company
Restricted Industry Certificate
Product Certificate
A product certificate is a document issued by a certified organisation. This states that the product has passed quality assurance tests, performance tests and is in compliance with local laws, regulations and sales standards.
Proof of address/trading
The following documents are accepted as a proof of address:
Bank statement, utility bill, letter from local council, tenancy agreement.
Documents must clearly show the account holder’s full name and address; and be dated within the past 3 months.
Bank statement
This must:
- Show the bank name / logo
- Show your full name and address (this must match the address submitted in your application)
- Show the account number
Utility bill
This must:
- Show the utility provider’s name / logo
- Show your full name and address (this must match the address submitted in your application)
- Show the account number
Council letter
This must:
- Show the council’s name / logo
- Show your full name and address (this must match the address submitted in your application)
Tenancy agreement
This must:
- Show the landlord’s name and address
- Show your full name and the address being let (this must match the address submitted in your application)
- Show the period of residency
Proof of source of funds
You may be asked to prove the source of your funds. This can be done by providing one of the following documents:
Bank statement issued and dated within the last three months; tax documents; sales contract/invoices; latest financial report, annual return or tax return; letter from accountant/solicitor; investment certificate or contract.
Bank statement
Tax document
Sales contract/invoices
Latest financial report
Investment certificate or contract
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