For businesses in Sri Lanka preparing 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 (සමාගම් ලියාපදිංචිය), Certificate of Formation, Certificate of Organization, or a similar official document." Below are details for this field's options tailored to your jurisdiction:
- Certificate of Incorporation (සමාගම් ලියාපදිංචිය): This document is the official legal certification of your company's formation in Sri Lanka. It includes important details like your company's name, date of incorporation, and registration number, establishing the company as a legal entity.
- Business Registration Certificate: Necessary for registering various types of businesses, this certificate serves as proof that your business is registered and recognized by Sri Lankan authorities, detailing its legal status and scope of operations.
- Articles of Incorporation: An older term but relevant for corporations, this document outlines your corporation's purpose, structure, and operational details, officializing its existence under the law.
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:
- Articles of Association (ආයතනයේ සන්නිවේදන): For companies, detailing the company's purpose, rules, and member responsibilities, providing a comprehensive governance framework.
- Corporate Bylaws (කෝපරේට් නීති): Outlines the rules under which your corporation operates, including the responsibilities of directors and officers, establishing the corporation's governance structure.
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 confirm your business's physical presence in Sri Lanka, a recent document such as a utility bill (electricity, water), credit card bill, or bank statement dated within the last 3 months is required. It must show the business's address and can be under the company's or a legal representative's name.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.