For businesses in Germany looking 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:
- Commercial Register Extract (Handelsregisterauszug): This document is crucial for businesses in Germany. It serves as official proof of the registration of a company with the commercial register, detailing the company's legal form, its representatives, and other key company information.
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 (Betriebsvereinbarung): Outlines the operational guidelines of the company, including management structures and procedures, roles, and responsibilities.
- Corporate Bylaws (Gesellschaftsstatuten): Detail the internal rules governing the management of the company. It defines how decisions are made, the company's structure, and the responsibilities of directors and officers.
- Partnership Agreement (Partnerschaftsvertrag): Sets out the terms of the partnership, including operations, profit sharing, and management responsibilities.
- Articles of Incorporation or Organization (Satzung der Gesellschaft oder Organisation): This document is the foundational legal statement of a corporation or organization, outlining its purpose, location, duration, and the rights and obligations of its members.
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 (Physische Geschäftsadresse): Proof of the company's physical business address is required to verify its operational location. This can be provided in various forms, such as a utility bill or a lease agreement, ensuring it clearly shows the address and is named after 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.