corporate banking

Current Account

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)