For businesses in the Dominican Republic preparing 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 Commercial Registration (Certificado de Registro Mercantil): This is the official document that provides legal recognition of a business’s existence in the Dominican Republic. It details the business name, registered address, and legal representatives, establishing the company as a formal entity within the country.
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:
- Corporate Bylaws (Estatutos Sociales): These documents define the internal governance of a company, including the roles and responsibilities of directors and the structure for company decision-making, crucial for maintaining the organization’s operational integrity.
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:
- Document verifying the physical address of the company (Documento que verifique la dirección física de la empresa): To confirm the operational location of the business in the Dominican Republic, a recent document such as a utility bill, credit card bill, or bank statement, showing the company’s name and address, dated within the last 3 months, is required. This ensures the physical presence of the business within the country.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process with Bancoli.