For businesses in Macedonia 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 Central Registry (Извод од Централен Регистар): This foundational legal certificate outlines key information such as the company's formation, name, purpose, and legal representatives, serving as the official recognition of the business's legal existence.
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 (Оперативен договор): Details the operational procedures, management responsibilities, and profit-sharing agreements among the members or managers of the company.
- Corporate Bylaws (Статут на компанијата): These bylaws govern the internal management of the company, detailing the roles, responsibilities, and decision-making processes of its directors and officers.
- Partnership Agreement (Договор за партнерство): For business entities operating as partnerships, this agreement outlines the operation of the business, including profit sharing and management responsibilities.
- Articles of Incorporation or Organization (Акт за основање или организација): Similar to the Acta Constitutiva, this document formalizes the establishment of a company, including its name, purpose, shareholders, and share capital.
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 (Физичка деловна адреса): Documentation verifying the physical location of the business, such as a lease agreement or utility bill in the name of the company or one of its legal representatives, is required to prove the business's existence and operations in a specific 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.