For businesses in Malta 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 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:
- Certificate of Registration (Ċertifikat ta' Reġistrazzjoni): This foundational document is essential for businesses in Malta, serving as the official recognition of the company's existence by the Maltese authorities, detailing the company's name, registration number, and date of establishment.
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 (Ftehim Operattiv): Outlines the operational procedures, financial agreements, and ownership distributions among members of the company. It’s crucial for LLCs and similar entities.
- Corporate Bylaws (Statut tal-Kumpanija): These documents provide the framework for the company's governance, outlining the duties of directors and officers, meeting protocols, and other internal management structures.
- Partnership Agreement (Ftehim ta' Sħubija): Specifies the terms of partnership, including profit sharing, management duties, and operational roles, essential for businesses operated by two or more individuals.
- Articles of Incorporation or Organization (Att Kostituttiv jew Statut tal-Organizzazzjoni): A legal document that formalizes the establishment of a company or organization, detailing its purpose, structure, and governance.
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 (Indirizz Fiżiku tan-Negozju): To verify the location of the business, a document confirming the physical address of the company in Malta is required. This could include a utility bill or any official document indicating the company's operational base.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.