ACQUISITION NOT RESULTING TO CHANGE IN POWER OF CONTROL (PHYSICAL PERSON)

In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, the application for prior authorization for the acquisition or sale of shareholdings which does not result in a change in the power of control of the applicant credit institution must also include information;

FOR AN INDIVIDUAL PURCHASER

  • A curriculum vitae written in French, duly dated and signed,

  • A certified copy of a valid official identity document (national identity card or passport),

  • A police record less than three months old, issued by the competent authorities in the applicant’s country of nationality and country of residence,

  • A notarized statement of marital status. The consular authority must certify this attestation if the potential buyer is of a nationality other than that of the country in which the establishment is located,

  • A copy of the subscription form for the shares in the credit institution or the deed of transfer,

  • A declaration of shareholdings in other credit institutions with registered offices inside or outside the CEMAC region etc.
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