BANKING QUESTIONNAIRE

Dear Client,

below please find a set of questions, which are commonly being asked by Polish commercial banks in the KYC (Know Your Client) procedure, which is essential to open a bank account for Companies in Poland.

Please answer these questions in as much detail as possible, as without detailed answers the process of opening bank account for your Company may become hindered.

Please keep in mind, that the banks may ask some other, more specific questions which aren't included in the questionnaire. We will inform you about them via e-mail.

1. Please indicate personal data of Company's UBO's (name, surname, date of birth, citizenship, residence country, residence address)

2. Cities of birth and countries of residence of Company's representatives (if multiple residencies please provide all)

3. Tax residence countries and TIN (tax identification numbers) for Company representatives

4. Contact e-mail addresses and phone numbers for the Company representatives

5. Web address and main contact data (phone and email) of the Company (for example to the main office/reception)

6. Will the Company run business in other countries than the country of its registration? If yes, please provide list of all countries, where business activity is conducted.

7. What is the business profile of the Company - what are the activities Company is going to conduct. Please decribe it in as much detail as possible.

8. What are the main products or services offered by the Company?

9. Does your Company conduct:
intermediary in payment servicesoperations on investment platformstrading or intermediary regarding cryptocurrenciesintermediary in international tradepayment operations in the name of third partiesoperations related to physical cash transactions

10. Who are/will be the contractors of the Company? Please list them, including their name, country of registration, legal form and contact data (phone number/e-mail/website)

11. Does the Company have or is planning to hire any employees? If yes, please specify how many

12. Does the Company, Company's representative, shareholder (including parent companies) and/or UBO maintain a personal or business account in another bank in Poland. Please see the list of the banks:
- ING Bank (Poland: ING Bank Śląski)
- BNP Paribas (Poland: BNP Paribas Bank Polska S.A.)
- Santander Group (Poland: Santander Bank Polska S.A.)
- mBank (Poland: mBank S.A.)
- Millennium BCP (Poland: Bank Millennium S.A.)
- Citi (or Citibank) (Poland: Citi Handlowy)
- Crédit Agricole (Poland: Crédit Agricole Bank Polska S.A.)

13. Annual declared Company's income in PLN

14. What will be the sources of Company's income (e.g. sale of goods, dividend, bank loan)?

15. Please describe source of Company's assets (eg. shareholders own assets, corporate loans, donations etc.), and countries of origins of those assets.

16. Are you going to open accounts other than account in PLN?
YesNo
If you check yes please, specify in which currencies are you going to open other bank accounts

17. Is the Company, its directors (management board members), beneficial owners anyhow related to the high-risk countries ? Please, check a high-risk countries list available here
YesNo

18. Will the Company conduct business with entities affiliated with high-risk countries? Please describe the nature of such business and provide information on the entities

19. Will the Company be carrying out transactions or is it associated with oil, weapons, dual-use goods, noble metals, tobacco products, cultural artifacts, ivory, endangered animal species or other objects of archaeological, historical, cultural and religious significance or of special scientific value?
YesNo

20. Will the Company's representatives live in Poland? If no, please indicate how the Company will be managed, if the representatives are living abroad.

21. If the Company representatives do not live in Poland will they be able to visit the bank's branch in Poland in order to sign necessary documentation should the need arise?

22. Please indicate a percentage of transactions, which will be performed by using cash.

23. If the Company is using a virtual office, are you going to look for a real office anytime soon?
YesNo

24. What is the actual place of conducting business activities (if different than the address of the Company's registration)?

25. Does the Company own/rent (or is planning to own/rent) any additional addresses of conducting business activity (shops/warehouses/offices)?

26. Is the Company a "special purpose company"? Such companies are being set up for a very specific, precise goal, and usually its existence is being limited in time.
YesNo

27. Does the Company receive or plan to receive income from the rental, leasing or sale of property?
YesNo

28. Please specify the estimated (it does not have to be an accurate business plan) monthly number and amount of transactions on the account. Please divide the estimation to incoming and outgoing transactions.

estimated number and amount for outgoing transactions
estimated number and amount for incoming transactions

29. What types financial transactions (eg. payments for services, tax clearances) will be conducted through the Company's account?

30. How the Company will acquire its clients?

31. Who will be authorized person for the account? Will it be only the directors, or would you like to authorize some third person outside of the management board?

32. Do the directors/UBO's of the Company have experience in the declared Company's business activitiy? If yes, please describe it.
YesNo

33. Please list the companies, in which the shareholders of the Company are:
1) shareholders
2) UBO's
3) directors
4) proxies

In order to draft Articles of Association (or deed of incorporation in case of single member companies) of the new company and plan the corporate governance, we need to gather some details about the future shape of the company. Please do you best to fill out this form, nevertheless if you encounter any problem please feel free to write or call our lawyer.

1. What will be the name of the future company?

2. Who will be a shareholder in the company? Please type name(s) and percentage in the share capital. Please note that both commercial companies and individuals shall be able to be shareholders in Polish LLCs.

3. Who will be the ultimate beneficial owner of the company? Please type name and surname of the individual or individuals. Please, find a definition of the beneficial owner here. You may ask our lawyer to help you with willing the below.

4. What will be the amount of the share capital (minimum 5.000 zł)?

5. What will be the value of each share (minimum 50 zł)?

6. Will the share capital be covered with money / property or other rights (money or in-kind contribution)?

7. Who will be a director in the company? Please type name(s) and functions (for example: chairman, vice chairman, member etc.). Please note that only individuals shall be able to be directors in Polish LLCs.

8. What will be the method of the new company representation? (as a rule - representations in the name of the company shall be made by two Directors acting jointly or by one Director acting together with one commercial proxy; if there is only one Director, he/she shall be authorised to solo representation. There also can be sole representation - every Director can act on behalf of the company etc.)

9. Will the company have a supervisory board (its not obligatory in most LLCs)? If so, please type the names of at least three members

10. What will be the scope of activity of the Company? (please just type activity designations enlisted here: table pkd code, for example: 01.11.Z)
- one core activity:
- other activities (any quantity, we will be able to register nine of them at the Company House though):

11. Where will the company be seated (just the name of the city)? If you wish tu use our virtual office service, just type: VO

12. What will be the business address of the company? What kind of legal title to the address will the company hold (lease agreement, ownership, other)? If you wish tu use our virtual office service, just type: VO

13. Will the existence of the company be limited in time? Or will it be a company formed for unlimited time period?

14. Do you plan on increasing the share capital in the future? If so, to what amount (approximately)?

15. Do you plan on making additional payments to the company. If so, to what amount (approximately)?

16. Do you want the shares to be hereditary?
YesNo

17. Do you want to open a bank account in Poland for the new company?
YesNo

18. Do you want our law firm to provide you the services related to opening a bank account in Poland?
YesNo

In order to start the above services, we would ask you to fulfill the separate banking questionnaire available here which includes the most typical information required by the banks.

When deciding on the shape of a new company, please pay attention to the high-risks countries, in order to minimize the risk of refusal to open an account by the bank. Before setting up a new company, check the lists of high-risks countries here

19. Other remarks:

20. Contact e-mail addresses