From AD bank introduction to operational account.
Opening a corporate bank account in India for a newly incorporated foreign subsidiary involves significantly more documentation than a domestic account apostilled parent documents, beneficial ownership declarations, FATCA / CRS forms, and sanctions screening among them. AD banks scrutinise foreign-owned companies carefully, and incomplete documentation routinely delays accounts by weeks.
We manage the bank account opening process end to end, having developed working relationships with the foreign-owned-company desks at major Indian and international banks operating in India.
What Bizztricks Management Consulting Private Limited Offers
• Bank selection advice based on FX corridor needs, AD Category-I capabilities, and digital banking requirements
• End-to-end documentation pack parent KYC, board resolutions, beneficial ownership declarations, FATCA / CRS forms
• Coordination of apostille, notarisation, and document attestation requirements
• Liaison with the banks onboarding team through video KYC, in-person verification, and final activation
• Setup of inward remittance instructions, AD code mapping for IEC, and integration with accounting systems