Sep 29, 2016

Personal Account Opening With Investment Bank In Austria Which Is Well Regulated With Deposit Guarantee Scheme.

The Offshore Pro Group offers you the ability to open a private account in Austria with a bank that offers the following benefits:

  • For high net worth clients who want investments and savings accounts
  • Well regulated European bank
  • EU Deposit Guarantee Scheme
  • Wide range of investment products
  • Savings accounts
  • Secure Internet banking
  • Range of payment cards available

Contact us via email [email protected] for totally professional advice about opening a personal account with this bank in Austria. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

Austria Offshore Banking Jurisdiction

The Republic of Austria which is known as just Austria, is a federal republic located in Central Europe. It is a landlocked country with a population of around 8.66 million people. The country suffered, as others did, during the 2008/9 financial crisis but it has recovered and its economy has grown over the last few years. Austria’s economy is dominated by services and the sector employs over 67% of its working citizens.

The Banking Act of 1994, or the Bankwesengesetz regulates the banks in Austria. The Banking Act is updated regularly to ensure compliance with international banking regulations as well as the financial laws of the European Union (EU). The National Bank (the central bank in Austria) is responsible for implementing any monetary policy decisions that are passed by the European Central Bank and the Financial Markets Authority (FMA) regulates all financial institutions in the country.

The offshore banks in Austria are considered to be some of the best in Europe for private banking for many years now. The Austrian banks take a conservative approach to asset and wealth management and they employ experienced and professional stewards. Their aim is to grow your assets at a rate that is higher than inflation.

Austria is a very highly regulated jurisdiction when it comes to private banking and it is a very good choice of jurisdiction. Offshore banks in the country have to comply with international banking regulations and this is enforced by a number of stringent procedures and measures. There are many opportunities for you to protect, grow and diversify your assets with Austrian private banks.

Austria is a member of the European Union and has introduced the Deposit Guarantee Scheme. This scheme aims to cover deposits in Austrian banks and protect investors. It is very unlikely that an Austrian bank would go into default and not be able to meet its payment obligations, but if this did occur then the scheme will cover investor bank deposits up to 100,000 EUR. For more details about the scheme please contact your Offshore Pro Group international banking consultant.

This Private Offshore Bank In Austria

This bank was founded over 90 years ago and it has developed from a small regional bank into an international private bank which has over 20 locations throughout the world and employs over 2500 personnel. It remains in family ownership to this day. The principles of the bank were determined when it was founded, and these were to manage the assets of their clients rigorously and diligently and they still maintain this today.

The bank prides itself on its integrity, reliability and respect and they think and act for the long term benefit of their clients. They will work closely with you and provide personal and bespoke advice to you so that they can assist you in achieving your financial aspirations. The bank will only take moderate risks as stability is the preferred way.

When you open a personal account with this Austrian bank you will be allocated a personal relationship manager. This professional will provide support to you with all of your financial matters from the growth and protection of your assets in the long term to the eventual passing on of your assets. Your personal relationship manager is able to make full use of the bank’s comprehensive range of services and investment solutions.

This Austrian bank offers a broad range of investments and they will provide sound advice to you about how you should grow your assets. They can offer investment advice, management of your portfolio, private label funds and an LHR portfolio and more.

The bank can offer you asset management specialists who will search across the world for the most attractive investment opportunities and the very best portfolio managers. The bank has expertise in private markets such as private equity and real estate, liquid alternatives such as hedge funds and insurance linked strategies, long term investments such as inflation linked bonds and emerging market bonds and convertible and high yield bonds.

This bank is one of the few private banks that have a credit quality rating from both Moody’s and Standard and Poors. These ratings are based upon the solidity of their balance sheet and the strength of their earnings. Their long term Moody’s rating is Aa2 and long term S & P rating is A+. Their short term Moody’s rating is P-1 and short term S & P rating is A-1.

The bank has a sound refinancing base and its assets are high quality which has led to the bank having a liquidity ratio that is well above the regulatory minimum that is required. This means that it is a safe bank to deposit your capital.

Services Provided By This Austrian Bank For Your Asset Protection And Growth

It is possible to open a private account with this Austrian bank as a non resident. You will need to visit the bank within 3 to 6 months once your account has been opened in either Austria or Andorra. Once your account has been opened, you will be able to take advantage of a comprehensive range of investment products, as well as other services.

The bank offers expert investment advice to assist with asset management. It is innovative, and is constantly looking for the best solutions in the investment field. The bank will advise on a portfolio and setup and manage this for you.

There are multi active funds available from the bank and these have an active involvement in emerging markets and the bank will conduct thorough risk management on these funds for you. By doing this they will create a strategy which is secure and offers asset diversification and a number of income sources. There are also bond funds available and equity funds which are stable global equities and stocks.

There are also term deposits available from this bank and these range from one week to a year. The deposits have a fixed amount, fixed interest rate and fixed maturity date. You will not be charged any commission on these deposits. Fiduciary investments are also available in major currencies such as the Euro (EUR), US Dollars (USD), Swiss Francs (CHF) and British Pounds Sterling (GBP). Savings accounts are also available.

To allow you to access your account 24/7, the bank has developed a very secure online banking service. You will be able to access your account remotely anywhere in the world with an Internet connection. You can see the balance of your account and also view recent transactions and request statements. You can also keep an eye on your investments using the online service.

You can apply for a range of debit and credit cards that can be used at ATM’s to withdraw cash, and use for purchases all around the world. The payment cards are branded by Maestro, Visa, MasterCard, American Express and Diners Club.

The minimum deposit required for a private bank account is 350,000 Euros (350,000 EUR). You will also need to maintain a minimum account balance of at least 350,000 Euros (EUR). Your account can either be based in Euros (EUR) or Swiss Francs (CHF).

The transaction fees that this Austrian bank charges are always subject to change, it is important that you check the current fees with your Offshore Pro Group international banking consultant. If you are interested in receiving the very best rates, you can state that you require beneficial international banking fees when you complete the international bank selection form.

The Process That You Must Follow To Open A Personal Account With This Bank in Austria

To open a private account at this Austrian bank you will need to follow this step by step process:

  1. Contact us by email [email protected] for professional advice about opening an account with this Austrian bank. In all cases we suggest to go first through the Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.

IMPORTANT NOTE: make sure that you understand the risks of offshore banking today and also consider opening a second offshore bank account.

  1. We will assist you in opening an account at the bank and for this you will need to pay a fee of 2999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
  2. The bank will require you to provide comprehensive documentation to open the account. For all owners and signatories to the account the following documents will be required:
  • A certified copy of the passport (the page that has the photograph and signature)
  • An original utility bill (which is less than two months old) or a bank statement that provides proof of address.
  • Confirmed source of funds
  • Your first income
  • A business CV
  • Signed forms for account opening

Important Note: In order to confirm the opening  of your private account with this Austrian bank you will be required to attend a meeting with a bank representative in Austria or Andorra within 3-6 months of the account being opened.

Once you have submitted all of the required documents we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to make an appointment with a bank representative to discuss the opening of your account. You will then need to wait for up to 20 business days for your Austria bank private foreign account to be opened.

To begin the process of opening a private account at this Austrian bank, please contact us by email [email protected]