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To help realise your business aspirations we offer essential day-to-day Business Transaction accounts and Term Deposit facilities for our Corporate customers’ convenience. Industrial & Commercial Bank of China have a footprint in over forty countries and regions, and our exclusive customers can leverage off this global exposure to expand their international & bilateral business by opting to transact in any of our six foreign currency accounts (NZD, AUD, USD, CNY, EUR, HKD) presently on offer. To facilitate the growth of your business, we have simplified banking wherein our Business Transaction Accounts are non interest-bearing, have no monthly administrating fees, requires no minimum account balance and offers reliable domestic & international remittance.

For limited liability companies incorporated in New Zealand, either private or public, the following documents are required in order to open an account with us:

1.Completed Business Customer Application Form;
2.Verification of identity and residential address of at least two directors, or a witness in case of a sole director, shareholders with more than 25% aggregate shareholdings in the company, and all authorised account signatories.
3.Non New Zealand residents shall provide in addition employment certificate.
4.A brief letter describing the core business activity, ownership structure diagrams and purpose of opening the account.
5.The company tax rate approved by IRD, if the tax rate applicable to the company is non-standard.
6.Your declaration in compliance with Foreign Account Tax Compliance Act (FATCA).

For limited partnerships the following documents are required in order to open an account with us:

1.Completed Business Customer Application Form;
2.Verification of identity and residential address of at least two directors of the General Partner, or a witness in case of a sole director, shareholders with more than 25% aggregate shareholdings of the Limited Partner, and all authorised account signatories.
3.Non New Zealand residents shall provide, in addition, an employment certificate.
4.Limited Partnership Agreement and Certificate of Incorporation.
5.A brief letter from the General Partner describing the core business activity, ownership structure diagram, and purpose of opening the account.
6.The partnership tax rate approved by IRD, if the tax rate applicable to the partnership is non-standard.
7.Your declaration in compliance with foreign Account Tax Compliance Act (FATCA).

For New Zealand trusts (trustees mandated by the trust) the following documents are required in order to open an account with us:

1.Completed Trust Customer Application Form, Trustees’ Certificate and supplementary documents;
2.Verification of identity and residential address of settlors of the trust, at least two directors of the trustee in the case of a corporate trustee, or a witness in case of a sole director of a corporate trustee, shareholders with more than 25% aggregate shareholdings in the corporate trustee, beneficiaries of the trust and all authorised account signatories.
3.Non New Zealand residents shall provide in addition employment certificate.
4.Trust deed and subsequent deeds of appointment/amendment (if any).
5.Registration details (if applicable).
6.A brief letter from the trustee describing the core business activity, ownership structure diagram, relationship with the trust and purpose of opening the account.
7.Evidence of source of the trust funds (e.g. Business Proceeds, Financial Statement of the Trust, Employment, gifts or inheritance).
8.The trust tax rate approved by IRD, if the tax rate applicable to the trust is non-standard.
9.Your declaration in compliance with foreign Account Tax Compliance Act (FATCA).

Please note we require that:
a)All supplied company or partnership information must be consistent with your company registration;
b)Different corporate structures may co-exist in one entity and all relevant account opening requirements will apply to such structures; and
c)All signatures and original documents must to be sighted at an on-site interview. However, we may accept solicitor’s certified documents under certain conditions but please inquire with us for more information.

We also offer Business Transaction Accounts to co-operatives and government entities. Please visit our branch or contact us for more information relating to our account opening requirements for these entities, or to receive a copy of our Account Opening Guide.

Please thoroughly read the Terms and Conditions for Deposit Accounts before lodging your application. The Terms and Conditions will be updated from time-to-time, please contact us for the latest version, or to confidentially discuss your business needs with our helpful and experienced staff.

Account Opening Templates:

Business account application form >>

Trust account application form >>
 
FATCA declaration >>
 
Account Maintenance Templates:

Change of authorised person >>

New currency account application form >>

Term deposit application form >>

Early breaking of term deposit >>


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