For businesses in Andorra 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 Registration (Certificat de Registre): This fundamental document for businesses in Andorra serves as official recognition of a company's legal existence within the country, detailing the company’s registration with the Andorran government.
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 (Acord d'operació): Essential for defining the financial and functional decisions of a business, including rules, regulations, and provisions for running the company. It's particularly important for LLCs.
- Corporate Bylaws (Estatuts Corporatius): These documents outline the internal management framework of a company. They specify the duties of directors, officers, and shareholders, dictating how decisions are made within the corporation.
- Partnership Agreement (Acord de partenariat): Crucial for partnerships, detailing the mutual understanding between partners regarding their rights, responsibilities, profit shares, and other operational aspects of the business.
- Articles of Incorporation or Organization (Articles d'Incorporació o Organització): This legal document formally establishes a corporation or organization, detailing its purpose, structure, and regulations governing its operations.
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 (Adreça comercial física): Proof of the physical location of the business in Andorra is required. This can be demonstrated through a utility bill or lease agreement in the name of the business or its legal representatives.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.