How can an Indian company open a Bank account in the US?

Question

I run a software company in India and have all my major clients in the US. We wish to open a bank account in the US - so our clients can pay us into an US account rather than do an international wire of funds.

Answer 1

Find an international banking company that has locations in India and the U.S. (possibly Citibank, HSBC etc.) Work with your banker there to establish the most efficient account structure for you and your clients. Keep in mind that you may still need to pay for wire transfers to move the money to India.

Answer 2

How about accepting merchant services? (VISA,MC,AMEX) I am currently trying to find a way around the system to help a friend in your similar situation. The only problem is you have to have someone who can establish them self in the US. They can create a corporation, or any type of business using a ficticous business name here in the US, and having foriegn signers are ok. Do you have anyone here who can file documents in the US to get the business registered here? Also, it would be considered a "high risk" account due to the fact that it is based overseas, and that the majority of activity would be wires. So even if you got all your documents in order, you would face a challenege getting a bank to open that type of account. I will save this question and let you know what I find when I get a better answer for both you and my friend. Good luck to you!