For businesses in Swaziland (Eswatini) 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 foundational document is required for all businesses in Swaziland. It signifies the legal establishment of a company and includes essential information such as the company's name, objectives, and structure.
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 of Association & Articles of Association: Key documents providing the company's regulations, objectives, and the issuance of shares. These documents act as the company's constitution, detailing its internal governance.
- Operating Agreement: Necessary for LLCs, it outlines the business's financial and functional decisions, including rules, regulations, and provisions.
- Corporate Bylaws: These documents establish the rules governing the corporation's internal management, outlining the duties and powers of directors and officers.
- Partnership Agreement: Essential for partnerships, detailing the relationship between partners, including their obligations, profit shares, and operational control.
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 the physical location of the business, a recent document such as a utility bill (for water, electricity, or phone), credit card bill, or bank statement dated within the last 3 months is required. It must be in the name of the business or a legal representative.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.