Document background
A Partnership Resolution For Opening Bank Account is an essential document required by banks in Qatar when partnerships seek to establish banking relationships. This document is necessary to comply with Qatar Central Bank regulations and the Qatar Commercial Companies Law No. 11 of 2015. The resolution must be prepared when a partnership wishes to open a new bank account, modify existing banking arrangements, or update authorized signatories. It contains crucial information including partner details, authorized signatories, signing powers, and specific banking authorizations. The document serves as evidence of proper authorization under Qatar law and protects both the partnership and the bank by clearly defining the scope of banking authority granted to specific individuals. It must be executed in accordance with the partnership agreement and may require additional authentication depending on the bank's requirements and whether the partnership is registered in mainland Qatar or the Qatar Financial Centre.
