Case Study: How a Bengaluru SaaS Scale-Up Launched in Sydney in Just 10 Days

Navigating FEMA ODI regulations and ASIC compliance at record speed.

The Challenge

'TechFlow Solutions' (name changed), a Series-B funded SaaS company based in Bengaluru, needed an Australian entity immediately to sign a major enterprise contract with a Sydney-based bank. The bank required a local ABN and insurance within 2 weeks.

The Roadblocks

• FEMA Approval: Sending money from India (ODI) typically takes 3-4 weeks for approval.
• Resident Director: The founders were all in India. Australia requires one locally resident director.
• Bank Account: Australian banks have strict KYC norms for foreign-owned entities.

The CorpArray Solution

1. Parallel Processing: We initiated the ASIC incorporation regarding the Australian entity while simultaneously filing the UIN application with the RBI in India.
2. Nominee Director Service: CorpArray provided a temporary Australian Resident Director to meet the statutory requirement immediately, allowing the company to be incorporated in 24 hours.
3. Fast-Track ABN: We utilized our tax agent status to expedite the ABN and GST registration, receiving it within 48 hours of incorporation.

The Outcome

TechFlow Solutions signed their enterprise contract on Day 11. They are now generating AUD $2M ARR from the Australian market.