What Are the Documents Required to Apply for a Letter of Credit?

Submitting proper documentation is vital for a strong application for a letter of credit (LC), ensuring a smoother approval process. While specific requirements may vary from bank to bank, understanding the common documents needed can help you prepare effectively.

Financial Documents

• Audited financial statements for the last three years
• Income tax returns for the last three years
• Bank statements for the past six months
• Profit and loss statements
• Balance sheet
• Cash flow statements

Business Documents

• Certificate of incorporation
• Memorandum and articles of association (MOA and AOA)
• Board resolution authorizing the LC application
• Details of any existing LC facilities
• Details of the company's trading history and relationships with suppliers/buyers

KYC Documents

• Identity proof (Aadhaar card, PAN card, passport, etc.) of directors/promoters
• Address proof (utility bills, rental agreement, etc.) of directors/promoters
• Photographs of directors/promoters
• Business registration documents
• Partnership deed or any other relevant agreements
• Legal Entity Identifier (LEI) number

Capflow is dedicated to helping businesses secure letters of credit efficiently. Our expertise in LC facilities ensures that you receive the guidance needed to compile a strong application. To get started, contact us by clicking on the "Get in Touch" button on the top right corner of the screen.

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