For businesses in Jamaica 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: The primary document for companies in Jamaica, it signifies the legal creation of the company, including essential details such as the company's name, its operational nature, stakeholders, and capital stock.
- Articles of Incorporation or Organization: Outlines the core guidelines for the operation of the company, including its objectives, types of activities undertaken, and the governance framework.
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:
- Operating Agreement, Corporate Bylaws, Partnership Agreement: These documents specify the internal regulations, decision-making processes, and management responsibilities relevant to different business structures in Jamaica.
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 location of the business in Jamaica, a recent document, dated within the last 3 months, such as a utility bill, credit card bill, or bank statement is required. It should reflect the business's operational address and can serve as proof of the business's physical presence.
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.