Account Opening
Seamless Access to Premium Precious Metals Services
1. Company Registration Documents:
- Memorandum of Association (and necessary amendments, if any)
- Articles of Incorporation
- Certificate of Incorporation/Shares Certificate
2. Valid Trade License
- Minimum of 3 months before expiration
3. Passport Copy & Visa Page
- Beneficial Owners / Shareholders
- Authorized Signatory/ies
- Person/s who will operate the account
4. Board Resolution
- Stating the intention to open an account and its purpose, with information of the person who will operate the account.
Authorization Letter
- For the people who are authorized by the company to communicate with the refinery for any services or to give any instructions of pick up/ Delivery of the metals. (see attached draft to be printed on your company letterhead)
5. Latest utility bill or tenancy contract
- Registered Address (as per the license)
- Office/Principal Address (primary address where the business activity is performed)
- Each beneficial owner/director/signatory of the company
6. Vat registration certificate/ TRN number
7. Undertakings
- OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
- RJC Code of practice
- DMCC Rules for Risk Based Due Diligence in the Gold & Precious Metals Supply Chain
- LBMA Gold Guidance
11. Submission of documents
- Kindly send the scanned copies of the required documents to compliance@sampreciousmetals.com for the initial assessment.
Important information
- We only accept documents in English or Arabic.
- The list above are basic minimum requirements, we may request additional supporting documents.
- Documents and information including the company, shareholders, beneficial owners, and person/s who will operate the account are processed and checked against the World-Check database and other third-party due diligence software and service providers as part of our compliance procedure.
- For further assistance and clarification, please contact the Compliance Department by phone at +971 4 874 8668 or by email at compliance@sampreciousmetals.com.
- All client's information will remain confidential and not to disclose it to anyone.
- SAM Precious Metals should acknowledge the recipient of all account opening documents and reserves the right to accept or reject the application without disclosing the reasons.
