For businesses in the Netherlands 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 Trade Register (Uittreksel Handelsregister): This document serves as proof of a company's registration with the Dutch Chamber of Commerce. It contains vital information such as the company's registered name, address, and details of its directors.
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 (Operationele overeenkomst): This document outlines the operational rules for LLCs, detailing members' rights, responsibilities, and profit distributions.
- Corporate Bylaws (Statuten): These set forth the internal rules and procedures for the company's governance.
- Partnership Agreement (Partnerschapsovereenkomst): For partnerships, this agreement specifies the terms of partnership, including management duties, profit sharing, and operational protocols.
- Articles of Incorporation or Organization (Oprichtingsakte of Statuten): This foundational legal document establishes the creation of a corporation or organization, specifying its structure and purpose.
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 (Fysiek bedrijfsadres): Proof of the company's physical location is required, often demonstrated through a utility bill or lease agreement in the company's name, ensuring that the business has a tangible operation site in the Netherlands.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.