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opening an indian (goan) bank account.

Discussion forum for expats moving to or living in areas of Asia not listed above.

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opening an indian (goan) bank account.

Post Posted: Sat Sep 09, 2006 3:03 am

Smile hi. buying an apartment planning a trip in November. does anyone know the exact documents I need to open a bank account (in individuals names)? also does anyone know what documents needed if we were going to set up a company. any tips muchos appreciatos . Laughing

 

dreadbone
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Re: opening an indian (goan) bank account.

Post Posted: Tue Oct 31, 2006 6:33 pm

You just need your pasport driving license, and thats about it really, that is to open a savings account (comparable to UK current acount). In order to open a company account, you need a local address, you will need passport for both (or all directors), you must have a business visa also. You will need your certificate of incorporation, company stamp, and a signed and dated resolution, resolving to open the account. Setting up a company can be a bit of a pain, but anything so painfull to do must come good in the end. Also, new regulations came in in September, you now also need a directors electronic signiture, which costs about 4000 RP, and you will need your passport and driving license notarised by the commission in Panjim, they charge 1600 RP per document, and you need to get a demand draft to pay- they don't accept cash. and by the ay forming the company is not too painful, you just need photos, passport driving license and a lot of patince. Theres an advocate called Augustus Motero who seems to know what he is doing Good luck

 

duncanb
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