For businesses in Saint Lucia 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 field's options tailored to your jurisdiction:
- Certificate of Incorporation (Certificate of Registration): This is the official legal document that registers a corporation with the state in Saint Lucia. It signifies that the business is a separate legal entity, distinct from its owners.
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:
- Articles of Incorporation: These documents are fundamental for Saint Lucian businesses, specifying the company's structure, purposes, and other essential corporate governance details.
- Operating Agreement: Relevant for LLCs, detailing the operational guidelines and financial arrangements between members in Saint Lucia.
- Corporate Bylaws: For corporations, these bylaws provide the framework for the company’s internal management and governance within Saint Lucia.
- Partnership Agreement: Utilized by partnerships, this document outlines the agreement between partners regarding the operation of the business, profit sharing, and management responsibilities in Saint Lucia.
- Articles of Organization: Similar to the Articles of Incorporation but specific to LLCs in Saint Lucia, detailing the organization's structure and operation.
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 in Saint Lucia, a recent document (dated within the last 3 months) such as a utility bill (electricity, water), credit card bill, or bank statement 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.