For businesses in Seychelles 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 primary document is necessary for all businesses in Seychelles. It is the legal certificate that officially registers your company, detailing foundational aspects such as the company name, the date of incorporation, and legal recognition by the authorities in Seychelles.
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:
- Memorandum and Articles of Association: These documents are akin to the corporate bylaws and operating agreement, outlining the company's purposes, rules, structure, and the rights and responsibilities of its members.
- Operating Agreement: For LLCs, detailing the business's financial and functional decisions including rules, regulations, and provisions.
- Corporate Bylaws: For corporations, specifying the regulations for the corporation's operations and the governance of its internal affairs.
- Partnership Agreement: For partnerships, delineating the partnership terms including the distribution of profits and management responsibilities.
- Articles of Incorporation or Organization: For corporations and LLCs respectively, these documents serve as a charter that establishes the existence of the company within Seychelles.
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 (dated within the last 3 months) such as a utility bill, credit card bill, or bank statement is required to confirm the physical location of your business in Seychelles. It must clearly show the business's name and address, ensuring that the company has an operational base in the country.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.