For businesses in Sweden 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 (Registreringsbevis): This is the official document from the Swedish Companies Registration Office that proves the legal registration and existence of a company in Sweden. It contains key information such as the company's name, registration number, and activities.
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 (Driftsavtal): Defines the operational guidelines and agreements among the members or partners of an LLC, covering aspects like ownership, governance, and profit sharing.
- Corporate Bylaws (Bolagsordning): These bylaws set the internal governance rules for a corporation, detailing the duties and responsibilities of directors, officers, and shareholders.
- Partnership Agreement (Partnerskapsavtal): Essential for partnerships, it outlines the relationship between partners including their contributions, profit sharing, and roles within the company.
- Articles of Incorporation or Organization (Stiftelseurkund eller stadgar): Acts as the company's charter, outlining its purpose, capital, and structure.
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 company's physical presence, a document dated within the last 3 months is required. This could be a utility bill (electricity, water, phone), a credit card bill, or a bank statement showing the business's address.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.