FICA Requirements for Trusts

Trusts
 
  • Trust deed, or other founding document, in terms of which the trust is created.

  • Letters of Authority issued by the Master of the High Court where the Trust was registered (or equivalent document, for international trusts).

  • Document(s) issued by the South African Revenue Services bearing the trust's income tax registration numbersOnly applicable if the trust has been issued such a number.

  • A resolution/mandate authorising representative(s) to establish a business relationship or enter into a transaction on behalf of the trust.

  • FICA information and documents must be provided in respect of individual persons and non-individual persons that are connected to and / or who represent the trust. These "connected persons" are as follows:

    • the founder(s) of the trust;
    • each trustee of the trust;
    • each beneficiary of the trust referred to by name in the trust deed or other founding document in terms of which the trust is created; and
    • each authorised representative

Click here to view a comprehensive list of the information and documents required for these connected persons.

  •  If the beneficiary(ies) of the trust is/are not referred to by name in the trust deed or founding document, then particulars of how the beneficiary(ies) of the trust is/are determined is required.

PLEASE NOTE:

  1. All documents provided must be either:

    • An original, or
    • A copy of the original document sighted by a Basic Sense employee, or
    • A copy of the original document certified by an independent Commissioner of Oaths (Certification must contain the full names, title and signature of the Commissioner of Oaths and wording should stipulate "Certified a true copy of". Where the document has more than one page, the stamp/full commission must appear on either the front or back page and the Commissioner must initial every page of the document in between.)

  2. Documents must be posted / hand delivered to:

Basic Sense (Pty) Ltd
Corner of Sybrand van Niekerk Highway & Johan le Roux off-ramp
Meyerton
1961