For businesses in Uganda 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 Ugandan business 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): Issued by the Uganda Registration Services Bureau (URSB), this is the official legal document that registers a corporation with the state. It signifies that the business is a separate legal entity, distinct from its owners.
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 (Operating Agreement, Corporate Bylaws): These documents lay the foundation of the company, outlining its objectives, powers, and the rules governing its operations and internal management. They serve as a constitution for the company, defining the relationship between the company, its shareholders, directors, and other officers.
- Partnership Agreement: For business partnerships, this agreement outlines the terms of partnership, including roles, responsibilities, profit distribution, and management practices.
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) proving the physical business address is necessary. It should clearly show the address and can be a utility bill (water, electricity), credit card bill, or a bank statement, in the name of the company 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.