For businesses in Romania 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 (Extras din Registrul Comerțului): This fundamental document for Romanian businesses serves as proof of the company's legal registration, providing essential details such as the company name, registration number, and its 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:
- Corporate Bylaws (Statutul societății): These bylaws outline the internal regulations governing the company's operations, detailing the roles, responsibilities, and decision-making processes of its directors and officers.
- Partnership Agreement (Contract de parteneriat): For businesses operating as partnerships, this document outlines the agreement between partners regarding the operation, profit sharing, and management responsibilities.
- Operating Agreement (Contract de exploatare): This agreement details the operational guidelines and management structures for LLCs, ensuring clear directives are in place for business operations.
- Articles of Incorporation or Organization (Act constitutiv sau statutul organizației): This critical document establishes the legal basis of a company, including its purpose, shareholders, and the amount of 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 or Lease Agreement: To verify the physical presence of the business, a recent document (dated within the last 3 months) such as a utility bill (electricity, water) or a lease agreement 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.