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Other documents required when opening accounts

Other documents required when opening accounts

Opening a Trading Account

Individual

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements.

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Company

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements.

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Trust

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements.

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Closed Corporation

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements.

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Estate Late

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Club / Partnership Non-resident Individual

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Non-resident Company

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

Click here to view the FICA requirements

FATCA:

  • Download the Foreign Accounts Tax Self Certification Form
    * To be completed if you or any controlling persons associated with the investment have a tax number, tax residency or nationality in a country other than South Africa.
Extra documents required for CFD accounts
  • Please note all CFD accounts also require all documents as specified above per account type
  • Downlaod the CFD Terms and Conditions

This document is included in the registration steps when applying for a CFD account online.

To apply for an account online Click here

FICA Required:

Single Stock Futures Accounts
  • Please note all SSF accounts also require all documents as specified above per account type
  • Download the SSF Terms and Conditions

To apply for an account online Click here

Transferring shares

Dematerialise shares
  • Please provide us with the following original documents:
  • Original Share Certificates
  • Completed CM42 Form for each certificate
Transfer shares from another broker
  • PSG Wealth trading and investment platform transfer letter sent to PSG Wealth and transferring broker
Transfer shares from Computershare

You may be required to submit original certified copies of your FICA documents, as required by third party providers to process the transfers of shares to PSG.

Offshore Investing

International Trading
Allowance without Tax Clearance (R1 Million Single Discretionary Allowance)

FICA Required:

Allowance with Tax Clearance

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

FICA Required:

  • Original Certified Copy of your ID
  • Original or certified Copy of your utility bill reflecting your physical address
  • Original SARS Tax clearance certificate (Income tax number)
Repatriation of Allowance Funds

If you need assistance with taking funds Offshore please view the below steps and the documents required for their completion

Taking Money Offshore

Step 1 - Obtain SARS Tax clearance certificate

Step 2 - Forex conversion and remittance of funds offshore

FICA Required:

  • Please courier the following original documents to our Offshore Department in our Bryanston office
  • Original Certified Copy of your ID
  • Original SARS Tax clearance certificate (Income tax number)
  • Balance of Payments Forms (All fields must be completed)

If you need assistance with taking funds Offshore please view the below steps and the documents required for their completion

Offshore Asset Swap

These two documents are included in the registration steps when applying for an account online.

To apply for an account online Click here

FICA Required:

  • Original certified Copy of your ID
  • Original or certified Copy of your utility bill reflecting your physical address
  • Copy of SARS document (Income tax number)
Foreign Equity Linked

Declaration of Foreign Tax Obligations

The completed forms along with certified copies of your ID and a recent utility bill as proof of residence must be emailed to fatca@psg.co.za

Examples of declaration forms

Important information

  • Please do not use any abbreviations when completing these forms
  • Please do not make any alterations when completing these forms
  • Do not cross out any fields or mark as N/A
  • Please take note of the format in which dates are required (MM-DD-YYYY)
  • The US government will need you to complete this process every three years
  • If any information is missing or completed incorrectly, your form will be invalid and no documents will be registered against your account
  • Forms must be re-completed whenever there is a material change in facts
  • You will only benefit from lower dividend tax once the QI status of our offshore intermediary is approved by the US government and your W8 / W9 from is received
  • From January 2015 all new clients will have to complete the relevant forms as part of their account activation process
  • No account will be opened without the necessary documents
  • Do not complete the tax number in block 6 (six) of the W8-BEN form
Reporting Entity Document to be completed
US nationals (US individual)
  • Download and correctly complete the W9 Form
  • Copy of ID (US citizens)/Passport
  • Copy of utility bill (showing physical address)
Non-US nationals (Individual)
  • Download and correctly complete the W8-BEN Form
  • Copy of ID (SA citizens)/Passport (foreign non-US nationals)
  • Copy of utility bill (showing physical address)
Joint accounts
  • Download and correctly complete the W8-BEN Form for all parties
  • Copy of ID (SA citizens)/Passport (foreign non-US nationals) for all parties
  • Copy of utility bill (showing physical address) for all parties
Companies / Trusts deriving income from US securities for their own account
  • Download and correctly complete the W8-BEN-E Form
  • Document which evidences address of the company / trust
  • Copy of certificate of incorporation
  • Trust deed
  • Letter of authority
  • Confirmation of authorised signatories
  • ID of authorised signatories
Companies deriving income from US securities for client accounts
  • Download and correctly complete the W8-IMY Form
  • Download and correctly complete the W8-BEN Form or Download the W9 Form for the beneficial owners of 25% or more of the company
  • Copy of certificate of incorporation
  • Document which evidences address of the company
  • Copy of utility bill and Copy of ID for each beneficial owner with a shareholding of 25% or more in the company
  • Withholding statement
Trusts (flow-through entity) deriving income from US securities for client accounts
  • Download and correctly complete the W8-IMY Form
  • Download and correctly complete the W8-BEN Form or Download the W9 Form (dependent on nationality) for ALL named beneficiaries
  • Copy of ID/Passport/Driver's license of each trustee and named beneficiary
  • Copy of trust deed and founding document
  • Document which evidences the address of the trust
  • Copy of utility bill of each trustee and named beneficiary
  • Withholding statement
Clubs and partnership accounts
  • W8-BEN Form or Download the W9 Form for each member or partner
  • Copy of ID (SA citizens)/Passport (foreign non-US nationals) for each member or partner
  • Copy of utility bill (showing physical address) for each member or partner
Close Corporations
  • Download and correctly complete the W8-IMY Form
  • Download and correctly complete the W8-BEN Form for each member
  • Copy of ID (SA citizens)/Passport (foreign non-US nationals) for each member
  • Copy of utility bill (showing physical address) of close corporation
  • Copy of registration of close corporation (CK1)
  • Copy of utility bill for each member
  • Withholding statement

Special products

Investec Cash Manager
Momentum Share Portfolio
Currency Futures
ETF Investment Plan

You can register for an ETF account online, therefore no documents are required to be completed manually.

To apply for an ETF Investment Plan account online Click here

The same FICA documents are required as when opening a normal trading account -

FICA Required:

  • Original Certified Copy of ID / Passport / Drivers License
  • Copy of utility bill (showing physical address)
  • Copy of SARS document (Income tax number)
MTN Zakhele BEE Scheme
Contact the settlements team at PSG.Wealth.Settlements@psg.co.za to assist you with opening the account.
Copyright © PSG Konsult Ltd (1998-2017), All Rights Reserved. FAIS affiliates of the PSG Konsult Group are authorised financial services providers.