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Open BO Account

How to Open BO Account

To open a BO Account, you can download and print the forms in the links given below and then submit them to the nearest SAR Securities Ltd office. Please fill all the fields in the forms. Note that each field is necessary to complete the BO account opening process and the account holder must be present in person to submit the form for the first time.

If you want to authorize someone as a Power of Attorney holder in for the account, please download, print and fill the POA form.

  1. Power of Attorney Form

It is of outmost importance that you provide a recent, colored photograph and provide a clear signature in the specific fields.

For a detailed assistance for filling up the forms download the following “Guideline to fill up Account Opening Form”

Detailed Guideline to Account opening

Necessary Documents to open new BO Account:

For Individual Account:

  1. Photocopy of National ID Card (Both side) or Bank Certificate of the applicant. (Signed by applicant on it)
  2. Two Copies Passport size Photographs of applicant. (Signed by applicant behind it)
  3. One Copy Passport size Photograph of Nominee. (Signed by nominee & attested by applicant behind it)
  4. One Copy Passport size Photograph of Authorized Person or Power of Attorney. (Signed by authorized person or power of attorney & Attested by applicant behind it)
  5. All signatures should be the same as in all the documents.
  • For link account you have to attach photocopy of existing BO Account Profile
  • All signatures must be same as attached papers.
  • Don’t paste photograph with glue.

For Joint Account:

  1. All above documents of Single Account.
  2. Two Copies Passport size Photographs of Joint Holder. (Signed by Joint applicant behind it)
  3. Photocopy of National ID Card (Both side) of Joint Holder. (Signed by Joint applicant on it)

For Company Account:

  1. Photocopy of Trade License. (Attested by gazetted officer)
  2. Photocopy of TIN Certificate. (Attested by gazetted officer)
  3. 03 copies passport size photographs of authorized person. (signed by authorized person behind it)
  4. Photocopy of National ID Card (Both side) of the Authorized Person. (signed by authorized person on it)
  5. Photocopy of Bank Certificate (attested by authorized person on it)

For NRB Account:

  1. Foreign Currency (F/C) account.
  2. F/C account’s Bank Certificate.
  3. Valid Passport photocopy.
  4. Evidence of residing abroad ( Students ID card/Work permit/Green card/Employment certificate )
  5. 02 copies passport size photographs with signatures for each applicant.
  6. Nominee details ( 01 copy passport size photograph singed by the client )
  7. Form 20 for Power of Attorney.
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