For businesses in Portugal 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:
- Certificate of Registration (Certidão de Registo): This document officially certifies the registration of the company, detailing its legal existence, name, and registration details. It serves as the foundational document evidencing the company's 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 (Contrato de Exploração): Outlines the operational framework of the business, including management roles, profit distribution, and operational guidelines.
- Corporate Bylaws (Estatutos da Sociedade): Governs the internal management of the company, defining roles, decision-making processes, and the structural organization.
- Partnership Agreement (Contrato de Sociedade): Essential for partnerships, detailing the agreement between partners regarding the business's operation, profit sharing, and management.
- Articles of Incorporation or Organization (Acto Constitutivo ou Estatutos da Organização): Formal documents that establish the company, including its purpose, shareholders, and share capital.
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 (Endereço físico da empresa): To verify the physical presence of the business, a recent document (dated within the last 3 months) such as a utility bill (electricity, water), credit card bill, or bank statement 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.