Advisory

In order to establish a business relationship with “APRICOT CAPITAL” CJSC (hereinafter referred to as the Company) an individual or the authorized representative of the individual Client must submit the following documents:
1. For RA residents, an identity document defined by RA legislation, and for non-residents, an internationally recognized identity document (within the meaning of this clause, a driver’s license is not an identity document),
2. In the case of citizenship of another country, also the identity document of that country,
3. In the case of an individual entrepreneur, document(s) including registration number and TIN or other equivalent numbers,
4. The public services number (social card for RA residents), TIN or a document certifying an equivalent number (if applicable), or a document explaining the reason of absence of such number,
5. In the case of non-residents, another equivalent number that uniquely identifies the person (if available),
6. A document confirming the place of residence (utility bill or payment for other services, bank account statement, statement or any other document in which the included information will prove that the Client resides at the specified address),
7. In the case of foreign persons – Declaration of the Center of Vital Interests. During the business relationship, the “Declaration of the Center of Vital Interests” shall also be filled out in case of a change of the center of vital interests presented in the initial application,
8. In the case of an authorized representative acting on the basis of a power of attorney, the document certifying the powers, the identity document and TIN,
9. Duly completed versions of the following documents presented by the Company:
• Questionnaire To Know And Identify The Client (For Individuals),
• The W-9 or W-8BEN (depending on KYC results) Form,
• Authorization to provide confidential banking information to the US Internal Revenue Service (IRS) Form (if necessary),
10. Other documents requested by the Internal Monitoring Unit of the Company (if necessary).

In order to establish a business relationship with “APRICOT CAPITAL” CJSC (hereinafter referred to as the Company) a legal entity or the authorized representative of the legal entity Client must submit the following documents:
1. Founding document(s) of the legal entity including TIN or a document certifying an equivalent number,
2. The list of authorized representatives who are allowed to act on behalf of a legal entity without a power of attorney, the documents confirming the appointment of authorized representatives, their identity documents, proof of address(es) and TINs,
3. In the case of authorized representatives acting on the basis of a power of attorney, the list of authorized representatives, document certifying their powers, the identity documents, proof of address(es) and TINs,
4. A list of owners (nominee holders) obtained no more than three months prior to the date of submission of these documents provided by the competent authority,
5. Declaration on the existence (absence) of a beneficial owner,
6. Identity document(s), proof of address(es) and TIN(s) of the beneficial owner(s),
7. In case the owners are legal entities, also the list of persons with 10% or more participation in the authorized capitals of these legal entities, provided by the competent authority, as well as the identity documents, proof of address(es) and TINs of these persons (ultimate beneficial owners),
8. In the case of foreign persons – Declaration of the Center of Vital Interests. During the business relationship, the “Declaration of the Center of Vital Interests” shall also be filled out in case of a change of the center of vital interests presented in the initial application,
9. Duly completed versions of the following documents presented by the Company:
• Questionnaire To Know And Identify The Client (For Legal Entities),
• The W-9 or W-8BEN-E (depending on KYC results) Form,
• Authorization to provide confidential banking information to the US Internal Revenue Service (IRS) Form (if necessary),
• The list of persons authorized to submit transaction execution orders on behalf of the legal entity, as well as their identity documents and TINs,
10. Financial statement for the last financial year,
11. License(s), (if any)
12. Other documents requested by the Internal Monitoring Unit of the Company (if necessary).

APRICOT CAPITAL CJSC follows the requirements of the “Foreign Account Tax Compliance Act (FATCA)” established under the agreement between the Republic of Armenia and the United States, aimed at preventing U.S. taxpayers from evading taxes on income earned outside the United States.

In accordance with FATCA requirements, Apricot Capital CJSC is obligated to determine whether a client is considered a U.S. tax resident and provide the U.S. Internal Revenue Service (IRS) with information specified by FATCA regarding financial accounts opened by U.S. taxpayers. For this purpose, Apricot Capital CJSC is mandated to request and collect information and documents confirming the client’s tax residency status. If necessary, Apricot Capital CJSC may also require the submission of FATCA-related forms. These requirements apply to both individuals and legal entities.

Within the framework of the Republic of Armenia’s Law on Combating Money Laundering and Terrorism Financing, the related sub-legislative acts adopted based on it, and Apricot Capital CJSC’s Regulation on Combating Money Laundering and Terrorism Financing, the Internal Monitoring Body of Apricot Capital CJSC is required to request documents and information specified therein for the purpose of proper customer due diligence. If necessary, Apricot Capital CJSC is also entitled to request additional documents.

In accordance with the requirements of the Regulation on Minimum Requirements to Reporting Entities in the Field of Preventing Money Laundering and Terrorism Financing, Apricot Capital CJSC updates the information collected during the proper customer due diligence process (excluding information obtained through client identification and identity verification) at the necessary intervals.

The risk arising from the Advisory services provided IS BORNE BY THE CLIENT.

APRICOT CAPITAL CJSC SHALL NOT COMPENSATE for the Client’s losses unless they are caused by the Company’s misconduct. Any additional costs related to transactions shall be covered by the Client. Find the Statement of Potential Risks Related to Investment Services here.