For businesses in Panama 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 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 "Certificado de Registro Público / Certificate of Public Registry or a similar official document." Below are details for this fields options tailored to your jurisdiction:
- Certificate of Public Registry (Certificado de Registro Público): This crucial document for businesses in Panama acts as the official recognition of a business’s legal existence, including key details such as the business name, registered address, and legal representatives.
Operational and Governance Documents
Second, you will find a field that requests "Pacto Social / Articles of Incorporation." Below are details tailored to your jurisdiction:
- Articles of Incorporation (Pacto Social): The foundational document for Panamanian companies, formalizing their existence and detailing internal governance, roles and responsibilities of directors, and the company's decision-making structure.
Proof of Physical Business Address
Third, you will find a field that requests "Documento que verifique la dirección física de la empresa (e.g., factura de servicios públicos, factura de tarjeta de crédito, extracto bancario fechado en los últimos 3 meses) / Document verifying the company's physical address." Below you will find more detail:
- Utility Bill, Credit Card Bill, Bank Statement (Factura de servicios públicos, factura de tarjeta de crédito, extracto bancario): To verify the physical presence of the business, a recent document (dated within the last 3 months) such as a utility bill, credit card bill, or bank statement is required. It should clearly show the business's address in Panama 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 in Panama.