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
1. For other registered directors of the trustee company: (i) name
2. For each beneficial owner with 25%+ ownership of the trustee company: (i) name; (ii) date of birth; (iii) residential address

Proof of ID

A valid passport or driving licence must be provided as a proof of identity and adhere to the following:

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

Company is owned by another company, ultimately owned by individuals

In this example:

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.