For businesses in Spain aiming 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 (Certificado de Registro): This foundational document is indispensable for all businesses in Spain. It serves as the official recognition of your business's existence within the country, detailing the business name, type, and registration details.
- Corporate Bylaws (Estatutos Sociales): These bylaws define the internal regulations governing your business operations, specifying the roles, duties, and decision-making processes of your directors and officers. It's a roadmap for the company’s governance and management practices.
- Operating Agreement (Acuerdo de Operación): This document is crucial, especially for LLCs, outlining the operational guidelines and financial arrangements among the members. It includes profit distribution, voting rights, and other operational matters.
- Partnership Agreement (Contrato de Sociedad): For businesses structured as partnerships, this agreement delineates the terms of partnership, including responsibilities, profit sharing, and management duties among partners.
- Articles of Incorporation or Organization (Escritura de Constitución o Estatutos de la Organización): Similar to the "Certificado de Registro," this document formalizes the establishment of your company, detailing its foundational aspects such as purpose, share capital, and shareholder information.
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:
Operational and governance documents relevant to your business structure and operations in Spain, as described above, are crucial for establishing the legal and operational framework of your company.
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 (Dirección física de la empresa): Proof of the physical location of your business is mandatory. This can be a utility bill (such as electricity, water, or phone) or a bank statement indicating the company's address. These documents must be recent and reflect the company's operational base.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.