For businesses in Papua New Guinea 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 (Certificate of Registration): This crucial document, issued by the Investment Promotion Authority in Papua New Guinea, serves as proof of the legal existence of a company, detailing vital information such as the company name, registration number, and date of incorporation.
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 (Corporate Bylaws): Similar to Corporate Bylaws, the Company Constitution outlines the rules and regulations governing the operation of the company, including its objectives, the rights and responsibilities of its members, 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 business address, a recent document (dated within the last 3 months) such as a utility bill, credit card bill, or bank statement is required. It must clearly show the company's name and address, proving the operational presence of the business in Papua New Guinea.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.