Step 04: Deposit Capital
Deposit the legally required capital at a bank and obtain letter/certificate from such bank evidencing the deposit of the capital. The bank will require the following documents:
- Letter from the Ministry of Business and Trade addressed to the bank, requesting the bank to open a corporate bank account for the company (see Step 2) and
- Copies of the shareholders' identity cards.
Time period: Three to seven days (depending on the relationship with Bank)
Government fee: Nil