For businesses in Bulgaria 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 Current Status (Удостоверение за актуално състояние): This document verifies the current legal status of a company in Bulgaria. It includes essential information such as the company's registered name, address, current directors, and any other legal representations.
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 (Оперативно споразумение): Outlines the operational frameworks and financial arrangements among the members of an LLC in Bulgaria.
- Corporate Bylaws (Дружествен договор): Sets forth the internal rules and procedures for the governance of a corporation, detailing the roles of directors, officers, and shareholders.
- Partnership Agreement (Партньорско споразумение): For partnerships, this agreement outlines the terms of partnership, including the distribution of profits and losses, decision-making processes, and management responsibilities.
- Articles of Incorporation or Organization (Устав за учредяване или организация): Establishes the corporation or LLC within Bulgaria, specifying its purpose, location, and structure of management.
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 (Физически адрес на фирмата): To verify the physical presence of the business, a recent document such as a utility bill (electricity, water, phone), credit card bill, or bank statement is required. It should reflect the business's address and can 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.