For businesses in Nepal 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 field's options tailored to your jurisdiction:
- Certificate of Registration: Often issued by the Office of Company Registrar, this document is crucial for businesses in Nepal, acting as the official recognition of a business’s legal existence. It includes vital 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:
- Memorandum of Association (प्रबन्धपत्र | Prabandhapatra): Outlines the company's objectives, the nature of its business activities, and the provisions for its capital 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 bills, lease agreements, or bank statements: Documentation confirming the company’s operating address is required. This can be demonstrated through utility bills, lease agreements, or bank statements in the company's name, showing the physical location of the business within Nepal.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.