Opening a corporate bank account in CB International Bank LLC

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Opening a corporate bank account in
CB International Bank LLC

About

BankSpace

Established under the International Financial Entities Act of the Commonwealth of Puerto Rico (Act 273/2012), United States of America;

Audited and regulated by the office of Commissioner of Financial Institutions of Puerto Rico (OCIF), is a full member of the US Federal Reserve System;

Institutional member of the ABA, SWIFT, UNIONPAY, Cross-border RMB Clearing (CIPS) and many other organizations;

Multiple currency account supporting USD, EUR, GBP, HKD, JPY, CAD and CNH;

Multi-language support in real-time: English, Chinese (Mandarin), Cantonese, Spanish, Portuguese and Hindi.

The bank supports wide business activities:

Goods trading

Import and export wholesale and retail business
Medical industry and health care
Jewelry, watch etc

E-commerce

E-Commercial platforms as well as small and medium sized online shops
Applicable to Amazon, eBay, TikTok etc

Non-physical products

Online/Offline service providers, education and consulting industry
Logistics Industry
IT services, investment, finance

and many more…

Prohibited business activities include crypto currencies, bitcoin, blockchian and gambling industry.

Why CBI?

Fully online and remote account opening process

01

Successfully opened account rate : > 85%

03

None- Minimum Deposit Requirement

02

CRS status: Puerto Rico is exempted from the Automatic Exchange of Information (AEol) which means Puerto Rico banks are not subjected to a Common Reporting Standard (CRS).

Submit account opening documents

Process CBI Bank due diligence payment (see details on page 3)

Provide extra documents which required by compliance team and start online KYC verification process

* Depends on clients well cooperation and documents are in order

Due Diligence process by final compliance team

Receive a notice of bank account open

How long does it take?

Regular business account opening takes 7-15 workdays*:

Post UKEY device

Easy and Fast — Online KYC Process and bank account opening speed

Documents :

Certificate of Incorporation

Certificate of Good Standing / Incumbency (within 3 months)

Articles of Association

Directors/shareholders- passport + 6 months bank statement + address proof

*All documents provided must be in English.

There may need some additional document during compliance checking process. The final list of documents depends on the jurisdiction of the company.

Our fees

Low/mid risk business + simple structure

EUR 2500

Lite

High risk business OR complex structure

EUR 3000

Basic

High risk business + complex structure

EUR 5000

Pro

Includes:

documents review and analysis, compliance and sanctions check, KYC and KYB compliance reports, profile set up;

pre-approval of your business profile with the bank;

assistance with the preparation of necessary documents and information;

video meeting arrangement;

follow up until the bank account is opened and activated.

Bank Fees: Corporate Bank Account

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Discount Jurisdiction-1: $915:

Hong Kong, Macau, Singapore, Australia, Canada, Britain, Taiwan, South Korea, Japan, France, Germany, Ireland, Argentina, Chile, Lithuania, Poland, Czech Republic, Belgium, Holland, Luxembourg, New Zealand, Spain, Serbia, Italy

Discount Jurisdiction-2: $1925:

United Arab Emirates, Malaysia, India, Vietnam, Thailand, Myanmar, Uruguay, Brazil, Mexico, Peru, Indonesia

Standard Jurisdiction (which not includes above 1 & 2 list): $3880:

BVI, Seychelles, Cayman, Saint Vincent and the Grenadines, Saint Kitts, Vanuatu, Marshall Islands, Belize, Bahamas, Panamá, Gibraltar, Cook Islands, Estonia, Cyprus etc.

Prohibited Jurisdictions

Belarus, Burundi, Central African Republic, Ukraine, Cuba, North Korea, Iran, Libya, Somalia, Sudan, Zimbabwe, Russia, Mali, Syrian Arab Republic, Afghanistan and Congo.

Contact us for further information and order:

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