Certificate of Good Standing

A Certificate of Good Standing is issued to business entities which are either registered by a government agency such as Companies House and have maintained a good record of filing all appropriate paperwork with them. In order to get a certificate of good standing, companies should continue paying all their renewal and charter fees. If a business entity maintains this good practise with the Companies House then it may obtain a Certificate of standing certificate.
In case you wish to open a bank account then the bank might require you to submit a certificate of good understanding issued by the Companies House. Moreover, if you are planning to register your corporation or limited liability entity in a different country then you would have to present a copy of the certificate issued from the home jurisdiction.