Foreign Ownership and Capital Screening Checklist

The business activity controls the screening result. Describe every planned revenue-producing activity before checking ownership.

Screening questions

1. What exact products or services will the company provide?
2. Will it serve the domestic market, export or operate a branch?
3. Is the activity reserved or restricted?
4. What is each owner’s citizenship and ultimate beneficial ownership?
5. What foreign-equity percentage is proposed?
6. Does a capitalization, remittance or licensing rule apply?
7. Who will control the board, management, bank accounts and contracts?

Required output

Record the activity classification, controlling authority, permitted equity, capital rule, required licenses, unresolved facts and next verification step. Do not use nominees to conceal prohibited ownership or control.