For businesses in Belize 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 fields options tailored to your jurisdiction:
- Certificate of Incorporation (Acta Constitutiva): This fundamental document serves as proof of a company's legal existence in Belize, outlining critical information such as the company name, registration number, and incorporation date, confirming the company's creation and its legal standing to operate.
Operational and Governance Documents
Second, you will find a field that requests "Operating Agreement, Corporate Bylaws (Estatutos Sociales), Partnership Agreement, Articles of Incorporation or Organization." Below are details tailored to your jurisdiction:
- Articles of Association: These documents detail the regulations for a company's operations in Belize, including the rights of shareholders, the distribution of profits, and the organization of company meetings.
- Operating Agreement: Specifically for LLCs in Belize, outlining the financial and functional decisions of the business.
- Corporate Bylaws (Estatutos Sociales): Governing the internal management of a company in Belize, setting forth the rules under which the company will operate.
- Partnership Agreement: For partnerships in Belize, outlining terms including contributions, profit sharing, and management roles.
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:
- Utility Bill, Credit Card Bill, Bank Statement: To verify the physical presence of the business in Belize, a recent document 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.