For businesses in Montenegro 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:
- Extract from the Central Register of Business Entities ([Izvod iz Centralnog Registra Privrednih Subjekata): This document is essential for Montenegrin companies, providing official evidence of a business's registration and legal status within Montenegro. It includes the company's name, address, and 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 (Operativni ugovor) & Corporate Bylaws (Statut Društva): For LLCs and corporations, these documents detail the operational rules, governance structure, and management responsibilities, ensuring clarity on the functioning of the company.
- Partnership Agreement (Partnerski Ugovor): Necessary for partnerships, outlining the operational framework of the business, including profit distribution and management duties.
- Articles of Incorporation or Organization (Akt o Osnivanju ili Statut Organizacije): This foundational document provides comprehensive information about the business, its objectives, stakeholders, and capital structure.
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:
- Utility Bill, Credit Card Bill, Bank Statement: A document such as a utility bill, credit card bill, or bank statement, dated within the last 3 months, is required to prove the physical presence of your business in Montenegro. It should clearly show the company's or legal representative's name and address.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.