International Corporate Account With A Well Established Austrian Bank With Multi Currency Account And Investment Counselling And Services.
Our professional help is available to you so that you will be able to open your new international corporate account with this prestigious Austrian bank. Choosing this bank has a number of advantages for you:
- Your corporate account will be multi currency
- This is a very well established bank in Europe
- Your account will be covered by Deposit Guarantee Scheme from the EU
- Professional investment counselling and portfolio management
- Secure 24/7 access to your corporate account via Internet banking
- Good selection of payment cards
Opening your corporate account in Austria will be so much easier when you avail our expert services at the Offshore Pro Group so please email us [email protected] so that we can help you with all the steps you will need to take to establish your new account. Then please take the time to tell us what you require and explain your position using the questionnaire that is here Expert Advice On The Selection Of The Best International Corporate Account.
All About The Jurisdiction Of Austria
A federal republic that is located in Central Europe, the Republic of Austria (official title) or just Austria, is bordered by countries such as Switzerland, Liechtenstein, Italy and Germany. The country’s official currency is the Euro (they are a European Union member state) and the language spoken by its citizens is classified as Austrian German. Today there are over 8 million people living in Austria.
Austria has a highly developed economy which has seen yearly growth since it was impacted by the financial crisis of 2008/09. The GDP per capita is good at $44,777 and in the list of the world’s richest countries it is at position 12. The economy of the country is dominated by the service sector and this provides work for 67% of the working population.
Banks in Austria are subject to stringent regulation and they have to be compliant with the numerous provisions of the Banking Act of 1994. The Banking Act is updated often to ensure that it aligns with any changes in international banking regulations and also the monetary policy changes that are made by the European Central Bank. Financial institutions and banks are closely regulated by the Financial Markets Authority in Austria and the central bank is responsible for overseeing the implementation of policy decisions made by the European Central Bank.
The country has a very good reputation across the world for its private banking services. A conservative approach to asset management will be adopted by all Austrian banks, and their aim will always be to make certain that the growth of your assets exceeds current inflation rates.
Austria is a strong country both politically and socially and the economy there is strong and highly developed. The banks are under very tight regulation and have to fully comply with very strict laws so all of this means that Austria is a first class choice of jurisdiction for asset protection, enhancement and diversification.
As an EU member state, your corporate account in Austria will be entitled to protection from the EU Deposit Guarantee Scheme. It is a scheme that is intended to provide protection for bank accounts in the EU. With all of the monitoring and regulations in Austria, the likelihood of a bank defaulting and not being able to pay out is pretty small. So if this was to occur, the Deposit Guarantee Scheme would provide cover for up to 100,000 EUR for your account. If you would like more information about the scheme please ask your Offshore Pro Group consultant.
Asset Enhancement At This Private Austrian Bank
In 1923 this private Austrian bank was founded, and over the years it has become a leader in the country for the management of wealth. A large and influential European bank fully owns this bank, and it is in a great position to offer you full protection for your capital as well as growth and diversification.
Your confidentiality is assured with this bank. The people that you will deal with at the bank will all be trained well and have the level of expertise that is required. The bank encourages its personnel to be honest and show integrity and be diligent in their work and flexible at all times. As soon as your corporate account is up and running the bank staff will want to form a close relationship with you.
Experts at the bank will want to fully discuss your business and financial aspirations and they will want to perform an analysis in depth of your current position. Once this has taken place the professionals at the bank will develop an investment strategy for you, which will probably include a selection of their own investment products as well as some products from outside. The bank has access to special funds as well as near money market funds. The result will be an assessment that is objective about the investment opportunities available and any risks involved.
This bank has been taking care of the needs of entrepreneurs and high net wealth individuals for several years, and you can be sure that you will receive a tailored service from them that will exceed your expectations. Additionally, this bank can provide advice on succession decisions, strategies for inheritance, the acquisition of companies, the sale of companies and donations.
Recently the bank has won an award from Euromoney. It actually won awards in seven categories and the most notable of these was “best private banking service overall”. With its motto of “growing wealth responsibly” the bank has proved itself over a number of years and this award shows that they have the right professionalism and expertise to be worthy winners.
There are often a number of complications with asset management investments and these can be in the area of tax or legal problems. With an established network of the very best professionals, this bank can provide help through the use of expert tax consultants, lawyers, notaries and chartered accountants.
Corporate Account Services From This Austrian Private Bank
It is possible for you as a non resident to open a corporate account in Austria with the bank. It is a requirement that you travel to Austria and attend a meeting with a bank official before your corporate account is opened. This is worth the time, as you will receive expert investment consultancy and a managed portfolio as well as a range of other financial services once the account is open.
You will be provided with professional investment counselling and the experts will want to fully comprehend your business and financial goals, your risk tolerance and your investment time horizon. An investment portfolio will be created for you and will probably include products from first class international investment houses as well as some of the bank’s own investment products.
Various different investment models will be presented to you so that you can choose those that will provide what you are looking for in terms of capital growth and diversification. You will also be able to invest in the bank’s various asset management funds, as well as using their traditional asset management services.
You will still be provided with assistance from the bank’s investment counsellors even if you decide not to use their asset management services. The counsellors will ensure you are informed regularly about international market earning opportunities, and the bank will willingly carry out any investment transactions on your behalf.
Multi currency capability will be included in your corporate account. Your account will be able to hold US Dollars (USD), British Pounds Sterling (GBP), Euros (EUR), Swiss Francs (CHF) and a number of other major currencies from around the world.
Branded debit and credit cards are available to help you with your business expenditure and they will allow you to make purchases wherever the cards are accepted. Visa, American Express and MasterCard payment cards are all available. Other benefits are allocated to card holders such as travel insurance, access to private airport lounges and health insurance.
A secure Internet banking service will be made available to you so that managing your corporate account will be easy wherever you are. Balances of your account as well as statements and the viewing of all recent transactions will be possible with this service. You will be able to make payment transactions and request other service from the bank.
In order to open your corporate account there will be a requirement that you make an initial deposit of at least 500,000 Euros (EUR). This Austrian bank will also expect that your account balance will be at least 1,000,000 (one million) Euros (EUR) before the first year of your corporate account has come to an end.
This bank will make charges for the use of the account and for all transactions and these fees can change, therefore you should ask your Offshore Pro Group expert to send you over the very latest fees for this bank. It is expected that you will want to obtain the most preferential bank charge rates so please tell us if you want to do this on your international bank selection form.
Please Take The Following Actions In The Order Shown So That A New Non Resident Corporate Account Can Be Opened
The actions that you see in the list below MUST be performed in the right order so that your international corporate account can be set up with this Austrian bank:
- Firstly it is imperative that an email is sent to [email protected] so that we can make a connection and start to deliver the professional advice that you will need so that your non resident corporate account opening goes smoothly. Secondly it will help us to really assist you if you answer all of the questions that you will see at the end of this page These Questions Will Help In The Selection Of The Right International Corporate Account For You.
It is well known that having just a single international corporate account can be risky. Were you to open a second non resident corporate account these risks would be severely reduced how you can alleviate risk with a second international corporate account.
- You will need our professional guidance to be absolutely certain of opening your new Austrian corporate account. Our services will be available to you on receipt of a onetime payment of 3999 Euros (EUR). A bank transfer, Money Gram, Web Money, Western Union, Bitcoin or a credit card are all forms of payment that we accept.
- The owners of the new corporate account as well as any authorized persons will be required to provide notarized documentation. For all of these individuals please provide:
- Photo identification copy using valid identity card or passport
- Evidence of business activities
- Last will and testament (inheritance proof)
- Any deeds of gift
- Dividend payments received
- Contracts of sale for companies or real estate
- Taxation returns (to prove asset sources)
- 2 references, if individual is a politically exposed person (from business partners or banks)
- Evidence of the source of funds that must be consistent and plausible
Please also provide these corporate documents:
- Offshore documents
- Certificate of registration (e.g. certificate of incorporation)
- Proof of power of agency (directors, power of attorney) as well as the personal relationship with those who represent the company
- Proof of shareholders or beneficial owner
- Memorandum and articles of association
- Certificate of incumbency or certificate of good standing
- Trust deed or trust agreement (if applicable)
The offshore documents must not be older than 8 weeks and must bear an Apostille. Proof of valid current registration of the offshore company as well as a list of current directors and shareholders must be provided annually (e.g. with certificate of good standing).
Please Note: Before your international corporate account can be established you will need to meet with a representative of this bank in Austria.
Once you have all of the required documentation in order just send it over to us and we will check everything very thoroughly. If everything is fine we will quickly pass all of the documents on to the bank in Austria. Then you will need to wait for around 20 working days before the Austrian bank can have your new non resident corporate account working for you.
All that is required to initiate the application process for your foreign corporate bank account in Austria is the sending of an email to [email protected]