#166876 - 03/05/0406:27 PMCIP for foreign business
Anonymous
Unregistered
A branch wants to open a CD for a foreign business,(a subsidiary of the business has accounts with us), but the business does not have an EIN. Can the account be opened?? What documentation should be taken for a foreign company to open an account?
You would need the certificates of registry and/or certificates of incorporation from the nation of domicile. Official government documents are necessary in the absence of a foreign TIN. Also, probably want to conduct due diligence on the underlying signatories.