For businesses in Albania aiming 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 Registration (Certifikatë Regjistrimi): This foundational document is crucial for businesses in Albania. It serves as proof of the business's legal existence and registration within the country. It contains key details about the company, such as its legal name, registration number, and the date of establishment.
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:
- Operating Agreement (Marrëveshja Operative) and Corporate Bylaws (Statuti i Korporatës): These documents outline the operational guidelines and the governance structure of the company. They detail the roles, responsibilities, and the decision-making processes within the organization.
- Partnership Agreement (Marrëveshja e Partneritetit): Specifically for partnerships, this agreement sets forth the terms of the partnership, including the management, profit distribution, and operational roles of each partner.
- Articles of Incorporation or Organization (Statutet e Inkorporimit ose Organizimit): Similar to the Certificate of Registration, these documents formalize the establishment of the company, delineating its purpose, shareholders, and operational framework.
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:
- Physical business address (Adresa fizike e biznesit): To confirm the business’s operational premises, a document that verifies the physical location of the company is required. This could be a utility bill or any official document that specifies the address and is recognized by Albanian authorities.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.