For businesses in Monaco 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 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 Trade and Industry Register (Extrait du Répertoire du Commerce et de l'Industrie): This document is essential for all businesses in Monaco. It serves as proof of the business’s registration and legal existence within the country, detailing the company's core information and legal status.
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 (Convention d'exploitation): This outlines the operational guidelines and agreements for businesses, particularly relevant for those with multiple owners or partners. It defines how the business is run, how decisions are made, and how profits and losses are shared.
- Corporate Bylaws (Statuts de la société): The bylaws are critical for establishing the internal regulations that govern the company's operations, including the roles of directors and the organizational structure for management and decision-making processes.
- Partnership Agreement (Contrat de partenariat): Similar to the operating agreement, this document specifies the terms of partnership businesses, including responsibilities, profit distribution, and management roles.
- Articles of Incorporation or Organization (Acte constitutif ou statuts de l'organisation): This foundational document records the establishment of the company, including its objectives, shareholders, and capital structure. It is the legal basis for the company's operations 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 address (Adresse physique de l'entreprise): To verify the location of your business, a document proving the physical address is required. This could be a utility bill, lease agreement, or any official document listing the business's address in Monaco.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.