For businesses in Samoa 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): These documents are fundamental for Samoan businesses joining Bancoli. They serve as official recognition of your company's legal status, containing essential information such as the company name, type, registration number, and the date of incorporation or registration. Whether your business is newly incorporated or registered, either of these documents is required to prove its legal existence.
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 is akin to the corporate bylaws or operating agreement, outlining the rules and policies governing the operation and management of your company. It specifies the roles of directors, voting rights, and procedures for meetings and resolutions, ensuring clear guidance on the company's internal affairs.
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: A recent document confirming the physical location of your business is required, such as a utility bill, credit card bill, or bank statement, all dated within the last 3 months. This document must clearly show the business's name and address, providing Bancoli with proof of your operational base in Samoa.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.