To help realise your business aspirations, we offer essential day-to-day Corporate Transaction Account and Term Deposit facilities for our Corporate customers. Industrial & Commercial Bank of China Limited has footprints in over forty countries and regions, and our exclusive customers can leverage off this global exposure to expand their international & bilateral businesses by opting to transact in any of our six foreign currency accounts (NZD, AUD, USD, CNH, EUR, HKD) presently on offer.

We are offering favorable account fees and charges for Corporate Transaction Account. Currently there is no monthly administration fees (excluding Corporate Savings Account), nor requirement of minimum account balance (until further notice). Our Corporate Transaction Account offers reliable domestic & international remittance services.

The Corporate Transaction Account does not pay interest on residual account balance. For information on Corporate Savings Account, please contact us directly.

For limited liability companies incorporated in New Zealand, either private or public, the following documents are required in general in order to open a Corporate Transaction Account with us:

1. Completed Corporate Account Application Form;

2. Evidence for registration, including information on director(s) and shareholder(s);

3. Verification of the original copies of proof of identity and physical address for the following individuals:
   
   •all directors;
   •all shareholders who control (directly or indirectly) no less than 25% aggregate shareholdings in the company; and
   •all authorised account signatories
   

4. Ownership structure chart certified by company director;

5. A brief summary describing the core business activity, a diagram of the organisation internal structure and the purpose(s) of account opening;

6. The company’s IRD number, withholding tax rate, and evidence if the company is subject to a non-standard withholding tax rate or is exempted by IRD; and

7. Evidence for Source of Wealth and Source of Fund.

   We also offer Corporate Transaction Account to limited partnerships, co-operatives and government entities. Please contact us for more information.

   Please note we require that:

   a) All submitted information must be consistent with your company registration;

   b) Please read through our Terms and Conditions before lodging your application. The Terms and Conditions are updated from time-to-time, please refer here to read the Terms and Conditions.

    

   For more information feel free to contact us at Corporate@nz.icbc.com.cn.

Disclaimer:  The above information is provided for reference only, and we recommend you to contact us first before lodging any application. All rights reserved.