For businesses in Mexico planning to join Bancoli to streamline their financial operations and global payments, the verification process is an essential step. It requires business documents that play a key role in complying with U.S. banking regulations.
The list below is tailored to help you understand the required documents and the type of information each document should contain in order to be accurately identified.
Important Note: We strongly recommend that you consult with legal counsel in your jurisdiction to ensure that you obtain the exact documents required for your specific business structure and location.
Legal Formation and Identification Documents
Initially, you will encounter a field requesting a "Certificate of Registration, Certificate of Incorporation, Certificate of Formation, Certificate of Organization, or a similar official document." Below are details for this field's options tailored to your jurisdiction:
- Acta Constitutiva (Certificate of Incorporation): This is the official legal document that registers a corporation with the state. It signifies that the business is a separate legal entity, distinct from its owners.
- Escritura Constitutiva (Certificate of Formation): Primarily used for Limited Liability Companies (LLCs), this document formally establishes the LLC as a legal business structure. It outlines basic company information and demonstrates compliance with state regulations.
Operational and Governance Documents
Second, you will find a field that requests "Operating Agreement, Corporate Bylaws, Partnership Agreement, Articles of Incorporation or Organization." Below are details tailored to your jurisdiction:
- Estatutos Sociales (Corporate Bylaws): This document sets the governing rules for a corporation. It details the roles and responsibilities of directors, officers, and shareholders. The bylaws also cover how meetings will be conducted, the appointment of officers, and other essential procedures for maintaining corporate structure.
- Contrato Social (Partnership Agreement): Required for partnerships, this document outlines the terms and conditions among the partners, detailing their mutual rights, duties, and liabilities.
Proof of Physical Business Address
Third, you will find a field that requests "Physical business address (e.g., utility bill, credit card bill, bank statement dated within the last 3 months)." Below you will find more detail:
- Comprobante de domicilio (Utility Bill, Credit Card Bill, Bank Statement): To verify the physical presence of the business, a recent document (dated within the last 3 months) such as a utility bill (electricity, water), credit card bill, or bank statement is required. It should reflect the business's address and can be in the name of the company or one of its legal representatives.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process with Bancoli.