For businesses in Finland aiming 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:
- Trade Register Extract (Kaupparekisteriote): This crucial document serves as the Finnish company's birth certificate, detailing registration details, business activities, and legal representatives. It is akin to the Certificate of Incorporation for corporations and the Certificate of Formation for LLCs in other jurisdictions.
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 (Toimintasopimus): Essential for outlining the operational guidelines and agreement among the members or partners of the company.
- Corporate Bylaws (Yhtiöjärjestys): Governs the internal management and decision-making processes within the company, detailing duties and organizational structure.
- Partnership Agreement (Osakassopimus): Details the terms of partnership for businesses structured as partnerships, including management duties and operational responsibilities.
Articles of Incorporation or Organization (Perustamisasiakirjat tai -säännöt): Officially register the company's creation, including purpose, capital structure, and shareholder details.
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 (Yrityksen fyysinen osoite): Proof of the company's physical location in Finland can be provided through a utility bill, credit card bill, or bank statement in the name of the business or its legal representative, ensuring the information is up-to-date.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.