For businesses in Georgia gearing up 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 of Public Registry (საჯარო რეესტრის ამონაწერი): This pivotal document provides an official record from the public registry, confirming the legal existence of a company in Georgia. It contains essential information such as the company's name, legal form, registration number, and the identities of its legal representatives.
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 (საოპერაციო შეთანხმება): Outlines the operational aspects of the company, detailing the structure of management, roles, and responsibilities within the organization.
- Corporate Bylaws (კორპორატიული წესდება): Similar to the internal governance framework, these bylaws set forth the rules under which the company operates, including decision-making processes and officer roles.
- Partnership Agreement (საპარტნიორო შეთანხმება): For businesses structured as partnerships, this agreement delineates the operational guidelines, profit-sharing mechanisms, and management duties among partners.
- Articles of Incorporation or Organization (დამფუძნებელი დოკუმენტები ან ორგანიზაციის წესდება): These documents officially register the company with the relevant Georgian authorities, specifying its purpose, capital, and the legal structure of the entity.
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 (ბიზნესის ფიზიკური მისამართი): A document confirming the physical location of the business is essential. This could include utility bills or lease agreements in the company’s name, providing verifiable proof of the business's operational premises in Georgia.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.