The shareholder, whether a normal or legal person (company or institution), shall fill in and sign a “New Shareholder Application Form”, if he/she was dealing with the QCSD for the first time, and shall submit it to the QCSD. The application shall include the following information to be reviewed by the QCSD:

Required Documents:

Individuals:

  • An original and copy of a valid Qatari ID/passport – ( Qataris)
  • An original and copy of a valid Qatari ID & Passport - (Non Qataris).
  • A copy of a valid Passport - (Non Residents).
  • An original and copy of power of attorney, copy of IDs of the principle and agent.
  • Official letter from Qatari Bank licensed by Qatar central bank confirming the bank account details.
  • If the investor is not resident of the State of Qatar, all documents must be authenticated by Qatari Embassy and the Ministry of Foreign Affairs of the country and the Consular Affairs department in Qatar.
  • NIN Insurance Fees: 100 Qatari Riyal.

Minors:

  • An original copy of birth certificate +ID/passport of minor (Qataris)
  • An original copy of birth certificate and valid Passport of the minor ( Non Qataris)
  • An original and copy of a valid Qatari ID/ passport of custodian/guardian.
  • Proof of the guardianship documents.
  • Official letter from Qatari Bank licensed by Qatar central bank confirming the bank account details.
  • If the investor is not resident of the State of Qatar, all documents must be authenticated by Qatari Embassy and the Ministry of Foreign Affairs of the country and the Consular Affairs department in Qatar.
  • NIN Insurance Fees: 100 Qatari Riyal.

Companies:

  • Addressed letter to (QCSD) to issue an investor number, affixed with company stamp, to be signed by representative.
  • Opening account form to be signed by authorized signatories with company stamp.
  • Copy of the valid commercial registration (C.R).
  • Copy of the valid establishment card.
  • Copy of association documents (memorandum and article of association/ other).
  • List of authorized signatories, their specimen signatures and copy of their ID.
  • Valid ID/Passport copies of authorized signatories, managing the account and their Specimen signatures.
  • Fill out the beneficial owners form.
  • Official letter from Qatari Bank licensed by Qatar central bank confirming the bank account details.
  • If the investor is not resident of the State of Qatar, all documents must be authenticated by Qatari Embassy and the Ministry of Foreign Affairs of the country and the Consular Affairs department in Qatar.
  • NIN Insurance Fees: 100 Qatari Riyal.

    

Custodians:

  • Opening account form to be signed by authorized signatories with custodian stamp.
  • Copy of the valid commercial registration (C.R).
  • Copy of association documents (memorandum and article of association/ other).
  • List of authorized signatories, their specimen signatures.
  • Valid ID/Passport copies only if QCSD ask.
  • Power of attorney authorized.
  • Trust deed, prospectus, offering memorandum law and decree, fund contract.
  • Fill out the beneficial owners form.
  • The account will be suspend in case there is no trading ( buy-sell ) after 6 months starting from the last transaction and the account can be reactive based on custodian’s request as per the agreement , with reactivation fees QR 100
  • IBAN Details.
  • NIN Insurance Fees: 100 Qatari Riyal. 

 

Note: 

Other means of identification may be submitted after the approval of QCSD thereon, i.e. passport copy and driving license.

 The shareholder shall pay a fee of QR. 100 for opening a NIN account.