For businesses in Fiji 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: This is the official legal document that registers a corporation with the Fijian authorities. It signifies that the business is a separate legal entity, distinct from its owners, and includes critical details such as the company's name, date of incorporation, and legal identity.
- Certificate of Registration: Required for all businesses, including foreign companies operating in Fiji, this document serves as proof of the company's legal registration and right to conduct business within the country.
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:
- Company Constitution (Operating Agreement, Corporate Bylaws): This document outlines the rules governing the operation of the company in Fiji, including the roles and responsibilities of directors and shareholders, essential for defining the company's structure and governance practices.
- Operating Agreement, Corporate Bylaws, Partnership Agreement, Articles of Incorporation or Organization: These documents provide detailed information about the management, operational procedures, and internal governance of the company, including agreements on operations, profit sharing, and decision-making processes.
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 Fiji, 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 in Fiji 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.