Sunday, May 18, 2008

Documents Required to open Proprietorship Account:

Following are the documents required to open a Proprietorship Account:
  • Account opening form supplied by the bank to be filled with full information
  • Copy of proper identification documents
  • Passport size Photograph - two copies duly attested by the introducer
  • Valid Trade License
  • Tax Identification Number (TIN) certificate plus VAT registration certificate if available
  • Transaction profile to be filled mentioning expected monthly transaction
  • Nomination form to be filled with full information
  • Two copies passport size photograph of nominee duly attested by the account holder
In spite of that bank should complete KYC related formalities as well.

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