For businesses in Denmark 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:
- CVR Extract (CVR-udskrift): This document is vital for businesses, serving as proof of legal registration in the Central Business Register (CVR). It includes crucial details such as the company's official name, address, and registration number, confirming the business's legal existence in Denmark.
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 (Driftsaftale): This document outlines the operational procedures and decision-making processes within a company, specifying roles and responsibilities of its members or managers.
- Corporate Bylaws (Selskabsvedtægter): Essential for defining the internal governance structure, including the duties and powers of directors and officers within the company.
- Partnership Agreement (Partnerskabsaftale): For partnerships, this agreement delineates the terms of partnership, including profit sharing, management duties, and operational roles.
- Articles of Incorporation or Organization (Vedtægter for inkorporering eller organisation): Formalizes the establishment of the company, detailing its purpose, structure, and governance policies.
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:
- Physical business address (Fysisk forretningsadresse): Verification of the business's physical presence can be provided through documents such as a lease agreement or a utility bill in the company's name, reflecting the address and operational base in Denmark.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.