For businesses in Cyprus 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:
- Certificate of Registration (Πιστοποιητικό Εγγραφής): This document is the official legal registration of the company in Cyprus, detailing essential information such as the company name, purpose, shareholder details, and share capital.
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 (Συμφωνία Λειτουργίας): Essential for outlining the operational framework, including the management structure and operational guidelines of the company.
- Corporate Bylaws (Καταστατικό Εταιρείας): Provides comprehensive details on the company's governance, including roles, responsibilities, and the decision-making process.
- Partnership Agreement (Συμφωνία Εταιρικής Σχέσης): Necessary for partnerships, detailing the agreement between partners regarding the operation and management of the business.
- Articles of Incorporation or Organization (Καταστατικό Σύστασης ή Οργανισμού): A key document for both corporations and LLCs that outlines the company's foundation, including 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, Credit card bill, Bank statement: These documents are required to verify the physical presence of the business. A recent document, dated within the last 3 months, must show the business 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.