For businesses in Austria 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 field's options tailored to your jurisdiction:
- Company Register Extract (Firmenbuchauszug): This essential document serves as proof of the company's legal existence in Austria, detailing vital information like its legal name, registered office, and key management personnel.
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 (Betriebsvereinbarung): Outlines the operational aspects and internal management structures of a business, covering crucial operational procedures.
- Corporate Bylaws (Gesellschaftsstatuten): Detail the rules governing the internal management of the company, specifying roles and responsibilities of directors and officers, and the company's decision-making process.
- Partnership Agreement (Partnerschaftsvertrag): Essential for partnerships, this agreement lays out the terms of partnership, including profit sharing, roles, and management responsibilities.
- Articles of Incorporation or Organization (Satzung der Gesellschaft oder Organisation): A foundational document that formalizes the establishment of the company, stating its purpose, structure, and governance.
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 or Lease Agreement: To verify the physical presence of the business, a recent document such as a utility bill (for electricity, water, etc.) or a lease agreement showing the business's address is required. It should be in the name of the company or one of 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.