For businesses in Slovakia 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 Commercial Register (Výpis z Obchodného Registra): This is the official legal document that registers a business with the Slovak authorities. It signifies that the business is a separate legal entity, distinct from its owners, and includes essential information such as the business name, registration number, and details about 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:
- Operating Agreement (Prevádzková Zmluva): Specific to LLCs, this document outlines the business's financial and functional decisions including rules, regulations, and provisions for companies operating as limited liability entities.
- Corporate Bylaws (Stanovy Spoločnosti): Detail the regulations for the corporation's operations and management's governance structure, including the organizational structure, roles, and responsibilities of directors and stakeholders.
- Partnership Agreement (Partnerská Zmluva): Required for partnerships, specifying the terms of partnership, profit distribution, and management duties.
- Articles of Incorporation or Organization (Zakladajúca Listina alebo Stanovy Organizácie): Acts as the foundational charter of the company, outlining its purpose, structure, and the rules under which it will operate.
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: To verify the physical presence of the business, a recent document such as a utility bill (electricity, water, or internet) or a lease agreement (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.