Our customers can open current accounts in Rufiyaa as well as in major foreign currencies such as EUR, GBP and USD.MCB Maldives offers both resident and non-resident current accounts. Minimum deposit to open an account: MVR 50,000/ USD 5,000


Companies

Company’s Documents:

  • Company’s Certificate of Incorporation 
  • Company’s Memorandum of Association 
  • Article of Association (optional) 
  • Declaration of Compliance 
  • Particulars of registered Directors of the Company 
  • Registered office document

 

Others: 

  • Identity card or copy of passport for the Directors & signatories to the account 
  • Operating licence 
  • Latest audited financial report (if an existing business having operated for over 1 year) 
  • Company’s Board resolution for the account opening 
  • Bank reference for the directors/shareholders if not known to MCB Maldives
  • Utility Bill

 

Partnerships

  • Registration of business name
  • Identity card or copy of passport for person(s) signing on the account 
  • Operating licence
  • Partnership agreement 
  • Instruction letter for opening of account signed by all partners 
  • Bank reference for the partners/business if not known to the Bank or an existing business 
  • Confirmation of address by utility bill or other legitimate documents

 

Sole Traders

  • Registration of business name 
  • Identity card or copy of passport of owner 
  • Confirmation of address by utility bill or other legitimate documents 
  • Operating licence 
  • Bank reference of owner/business if not known to the Bank or an existing business (or bank statement for the previous 6 months)