*Including VAT

**Shall not apply to bank accounts of individuals (except for private entrepreneurs), such as cash transactions in terms of credit facilities provided by ARARATBANK OJSC, interests accrued on term deposits and bonds of ARARATBANK OJSC, social package and family capital, as well as deblocked accounts.     

Resident and non-resident legal entities established and/or operating in the territory of the Republic of Armenia․

• Copy of Charter including amendments;
• Copy of state registration certificate with inserts;
• Copy of document certifying taxpayer identification number (TIN) where TIN is not indicated in the state registration certificate;
• Copy of license (where a licensed activity is carried out);
• Information on customer participants (founders). Where the customer is a limited liability company, a list of participants indicated in the appendix to the charter or in the insert(s) enclosed to the state registration certificate shall be provided. Where the customer is a joint stock company, a statement issued by shareholder registry keeper on shareholders who own 10% or more shall be provided.  Where the participant (founder, shareholder) is a non-resident natural person, the passport shall be translated into Armenian and certified by notary public unless a special RA passport, a residence card or an internationally recognized travel document issued by a competent authority is available;
• Copies of documents certifying position of signatories. No grounding document shall be required where the mentioned persons are registered in the insert enclosed to the state registration certificate;   
• Copies of passports and ID cards of signatories. Where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public unless a special RA passport, a residence card or an internationally recognized travel document issued by a competent authority is available.

Non-resident legal entities established and/or operating outside of the territory of the Republic of Armenia

• Package of customer founding documents with original copies of translated materials into Armenian certified by notary public;
• Original copies of translated into Armenian documents defining the customer’s legal status, verifying its state registration and registration in tax authorities certified by notary public;
• Original copy of translated into Armenian license certified by notary public (where a licensed activity is carried out);
• Information on customer participants (founders), original copies of documents certified by notary public.  Where the participant (founder) is a non-resident natural person, the passport shall be translated into Armenian and certified by notary public unless a special RA passport, a residence card or an internationally recognized travel document issued by a competent authority is available;
• Copies of passports and/or ID cards of signatories. Where the respective person is non-resident, the passport shall be translated into Armenian and certified by notary public;
• Power of attorney, signed and sealed with the company seal, shall be provided where account funds are managed by an authorized person.

by arrangement

* VAT included.

**Clause 2.2 of the present section shall not apply to bank physical entities’ (except for individual entrepreneurs)accounts, amounts credited from credit funds.

***In case of payment of property tax, extra AMD 200 shall be charged.

• If the required documents are sent abroad, postage costs shall be additionally charged from the accountholder.                                                                        
• Transfers shall be made within one banking day. 
• If the transferred amounts are already paid to the beneficiary or beneficiary bank, the bank shall not be held liable for return of amounts.                               
• Bank expenses regarding return of the transferred amount shall be incurred by the customer, if the process of returning money was due to the customer having provided inaccurate details.  

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