Can HUF Form a Proprietorship company, open a Bank Account & Apply for VAT No. ?? Like XYZ (HUF) is a HUF, and now XYZ (HUF) wants to form a Proprietorship company in the name and style of "ABC International" for doing some business. Can "ABC International" open a bank account and apply for VAT No. Read more at: /forum/can-huf-form-a-proprietorship-company--286864.asp#.UzZ2r4X7aM1