Citibank is the only bank that can currently open a remote bank account.
Hong Kong banks are gradually adjusting to the pandemic's new normal and beginning to serve their customers online. Remote bank account opening is not yet possible due to the Hong Kong Monetary Authority's stringent guidelines (HKMA).
Citibank is the only bank that can currently open a remote bank account; however, before choosing Citibank as your corporate bank, keep the following in mind:
1. Citibank's remote bank account opening service is only available to companies based in Singapore or Hong Kong.
2. Despite the fact that it is limited to the aforementioned areas, there are no restrictions on the shareholders' or directors' nationality.
3. Citibank only accepts businesses with a particular type of business. We can confirm whether your company is included in the bank's category.
4. As it will be a remote bank account opening, make sure to provide your fully completed application form(s) along with any necessary supporting documentation, such as client information and business proofs.
5. Their interview will be conducted by a bank representative over a Zoom call.
