For businesses in Ukraine 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 Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations (Витяг з Єдиного державного реєстру юридичних осіб, фізичних осіб-підприємців та громадських формувань): This is the official document that provides recognition of a business’s legal existence in Ukraine. It includes important details such as the business name, registered address, and information on 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 (Операційна угода): Outlines the operational rules, ownership percentages, decision-making processes, profit distribution, and dispute resolution among the owners for LLCs.
- Corporate Bylaws (Статут Товариства): Details the governance structure, including the roles and responsibilities of directors and officers for corporations.
- Partnership Agreement (Партнерська угода): Specifies the terms of operation, management duties, and profit-sharing for partnerships.
- Articles of Incorporation or Organization (Установчий документ або Статут Організації): Acts as the foundational document formalizing the existence of a company under Ukrainian law.
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 (Фізична адреса компанії): To verify the physical location of the business, a recent document such as a utility bill or a bank statement, dated within the last 3 months, is required. It must show the company's operational address in Ukraine 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.