For businesses in Norway 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 (Firmaattest): This certificate is crucial for all businesses in Norway, serving as the official identity document containing vital information such as the business name, type, registration number, and address.
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 (Driftsavtale): For LLCs, detailing the operational guidelines, member duties, and financial arrangements.
- Corporate Bylaws (Selskapsvedtekter): Outlines the governance framework of a corporation, defining roles and decision-making processes.
- Partnership Agreement (Partnerskapsavtale): Essential for partnerships, delineating the functioning of the partnership including profit sharing and management responsibilities.
- Articles of Incorporation or Organization (Stiftelsesdokument eller vedtekter): Marks the establishment of a corporation or organization, specifying its purpose and operating principles.
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 (Fysisk forretningsadresse): To verify the physical presence of the business in Norway, a recent document such as a utility bill, credit card bill, or bank statement, dated within the last 3 months is required. It should reflect the business's address and can be in the name of the company or one of its legal representatives.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.