Citi Bank (HK)

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Required documents: 

• international passport
• residential address proof (must in English version) (ie bank statement etc issued within 1 month)
• business card with company website info
• business plan
• business proofs

For the business proofs, bank requires two FULL sets of Business transaction proof in English version issued in latest three months (ie. signed sales contract/ services agreement, signed sales invoice/purchase invoice, shipping documents/Bill of Lading/Airway Bill, bank statement records on settlement related to the invoices provided in FULL set)

IF business transaction proof is NOT under the name of HONG KONG company, please provide the below:
a. copy of Certificate of incorporation
b. provide the registration documents showing that client is the director/shareholder/ultimate beneficial owner in that company.

** IF all papers provided with Original Version not in English, bank require the documents be translated, signed and chopped by the translation company in English version, then certified by HK Lawyer.

If the company is more than one year Certificate of Good Standing with Apostile should be provided.

Deposit requirement:

No initial deposit required, but the bank does have average bank balance requirement which is $10,000. (below that will be charged $100 /month)

Restricted kinds of activity:

arms-related business, casino-gaming business, bearer-share companies, embassy/mission/consulate, money service business

Time frame:

Up to 1 month since documents since meeting held

Other information:

Auth. Signatory + Director must visit HK for the bank meeting