For businesses in Malaysia considering joining Bancoli, it's crucial to understand the documentation required for the verification process. These documents are essential for ensuring compliance and facilitating a smooth onboarding journey. Here’s a comprehensive guide categorized into three groups to help Malaysian businesses prepare the necessary paperwork.
Legal Formation Documents
- Certificate of Incorporation (Sijil Perakuan Pendaftaran): This document serves as the official certificate of a company's formation in Malaysia. It includes essential information such as the company name, registration number, and date of incorporation, acting as the legal birth certificate of the business.
- Business Registration Certificate (Sijil Pendaftaran Perniagaan): Issued by the Suruhanjaya Syarikat Malaysia (SSM), this certificate is necessary for all businesses operating in Malaysia. It confirms the business’s legal existence and provides vital details like the business name and registration number.
Operational and Governance Documents
- Constitution (for companies): This document outlines the rules governing the company's operations, detailing the rights and obligations of members, the distribution of profits, and the structure of company management.
- Partnership Agreement (for partnerships): Essential for partnerships, this agreement specifies the terms of the partnership, including profit sharing, management duties, and partnership operations.
- Operating Agreement, Articles of Incorporation or Organization: For certain business structures, these documents provide a framework for operation and governance, including roles, responsibilities, and decision-making processes within the organization.
Proof of Address Documents
- Physical Business Address Verification: A recent utility bill (e.g., electricity, water, or telecommunications), credit card bill, or bank statement dated within the last 3 months is required to verify the business’s physical location in Malaysia. This document should clearly indicate the company's name and address.
By understanding and preparing these documents in advance, Malaysian businesses can expedite their application process with Bancoli, ensuring a smoother transition to utilizing Bancoli’s comprehensive financial services. This preparation not only demonstrates compliance but also reinforces the commitment to transparency and trust between Bancoli and its potential business clients.