For businesses in Azerbaijan 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:
- Extract from the State Register (Dövlət reyestrindən çıxarış): This essential document officially records the company's registration with the Azerbaijani government. It confirms the legal existence of your business and includes information such as the business name, registered address, and legal representatives.
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 (Əməliyyat Müqaviləsi): Outlines the financial and functional decisions of a business, including rules, regulations, and membership details.
- Corporate Bylaws (Korporativ Nizamnamə): Details the governance of a corporation, including the roles of directors and officers, the structure of the board, and procedures for corporate affairs.
- Partnership Agreement (Tərəfdaşlıq Sazişi): Defines the terms and conditions of a partnership, including profit and loss distribution, duties, and dispute resolution.
- Articles of Incorporation or Organization (Təşkilatın Təsis Sənədləri və ya Nizamnaməsi): Establishes the legal creation of your business, detailing its purpose, structure, and operating rules.
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 proving the physical presence of the business. It must reflect the business address and can be in the company's name or that of 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.