For businesses in Botswana aiming 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: This is the official legal document that registers a corporation with the state in Botswana. It signifies that the business is a separate legal entity, distinct from its owners. It includes vital information such as the company name, registration number, and incorporation date.
Governance and Operational 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:
- Memorandum and Articles of Association: These documents outline the constitution of the company in Botswana, including its objectives, powers, and internal governance rules. They define the relationship between the company and its shareholders, as well as the roles and responsibilities of its directors.
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 and operational base of the business in Botswana, a recent document (dated within the last 3 months) showing the business address is needed. This could be a utility bill (electricity, water), credit card bill, or a bank statement. It must clearly display the business name or that of a legal representative.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.