For businesses in Turkey 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:
- Trade Registry Gazette (Ticaret Sicil Gazetesi): This official document contains details about the company's registration, including its legal status, directors, and any changes within the company. It is a primary source of legal proof for the existence and status of a business in Turkey.
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 (İşletme Sözleşmesi): Outlines the operational guidelines and agreements among business owners in Turkey, detailing management, operational procedures, and profit distribution.
- Corporate Bylaws (Şirket Esas Sözleşmesi): Provides internal regulations for the company, including governance structure and roles and duties of directors and officers.
- Partnership Agreement (Ortaklık Sözleşmesi): For partnerships, this document details terms between partners, covering profit sharing, management responsibilities, and operational procedures.
- Articles of Incorporation or Organization (Kuruluş Sözleşmesi veya Tüzük): Formalizes the establishment of a company, stating its purpose, legal structure, shareholder details, and capital investment.
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 (dated within the last 3 months) such as a utility bill (electricity, water, or gas) or an official 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.