For businesses in the Czech Republic 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 Commercial Register (Výpis z Obchodního Rejstříku): This document is crucial for all businesses, acting as the legal certification of a company's formation in the Czech Republic. It includes critical details such as the company's name, its registered office, identification number, and information about the executive directors.
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 (Provozní smlouva): Necessary for LLCs, detailing the operational guidelines and member responsibilities.
- Corporate Bylaws (Stanovy společnosti): Essential for corporations, outlining the governance structure and operational rules.
- Partnership Agreement (Partnerská smlouva): Required for partnerships, specifying terms including profit-sharing and management duties.
- Articles of Incorporation or Organization (Zakládací listina nebo stanovy organizace): Foundational documents for establishing stakeholder rights and company liabilities.
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: To verify the physical presence of the business in the Czech Republic, a recent document such as a utility 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 the document is no older than three months to confirm current operation and location.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.