Sep 16, 2016

Personal Account Opening With Investment Bank In Austria With Multi Currency Accounts And Exceptional Internet Banking Service.

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

  • Multi currency accounts
  • Well regulated European bank
  • Competitive minimum deposit
  • EU Deposit Guarantee Scheme
  • Fast account opening
  • Wide range of investment products
  • 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.

Offshore Banking In Austria

Austria, which is officially the Republic of Austria, is a landlocked country in Central Europe and is a federal republic. Austria had a tough time during the financial crisis but it has maintained good growth of its economy over the last few years. It has a strong service sector which employs over 67% of its work force.

The banks in Austria are regulated by the Bankwesengesetz which is the Banking Act of 1994. This Act is regularly updated to comply with international banking regulations and to comply with the laws of the European Union (EU). The Financial Markets Authority (FMA) regulates all financial institutions and the National Bank, which is the central bank in Austria, is responsible for implementing the monetary policy decisions that are made by the European Central Bank.

For many years the offshore banks in Austria have been seen as one of the best destinations in Europe for private banking. The banks have professional stewards that have a conservative approach to wealth and asset management and they will ensure that your assets will grow at a rate higher than inflation.

When you choose Austria as the location for a private bank account you will be able to take advantage of a jurisdiction that is very highly regulated. There are a number of stringent measures and procedures in place to ensure that offshore banks comply with international banking regulations. Offshore banks in Austria offer many opportunities for you to protect, enhance and diversify your assets.

Being a member state of the European Union, Austria has implemented the Deposit Guarantee Scheme which is aimed at providing coverage for deposits in Austrian banks and to provide protection for investors. In the unlikely event that a bank was to go into default and was unable to meet its obligations, the scheme will cover client bank deposits up to 100,000 EUR. For more details about the scheme please contact your Offshore Pro Group international banking consultant.

The Offshore Bank In Austria With 5000 EUR Minimum Deposit

This particular bank can trace its roots back to 1923 and was founded by an entrepreneur family who still own it today. The bank is one of the largest offshore banks in Austria and is committed to offering totally professional advice to its clients as well as being a safe place for your assets. A 16% equity ratio is always maintained at the bank which is twice the legally required ratio for the backing of capital. The bank always maintains a high degree of confidentiality on behalf of its clients.

There are a broad range of investments available with this Austrian bank and they are totally committed to meeting the high standards that their clients demand. There are classic direct investments available as well as fund of fund management and conventional fund management, management of foreign funds, tailor made financial structures and the issuing of tailor made bonds.

The bank is proud of the fact that it utilizes state of the art technologies to provide the best service to its clients. To offer special financial products creates a number of challenges and the bank has an in house tech team that are also financial experts that develop the right tools to manage this. Examples of this are the assessment of structured products and the complete optimization of client portfolios.

They also use external tools from experts such as the Standard & Poors Fund database so that the bank staff can analyze and evaluate the best fund opportunities and the Profit Line system from the Osterreichische Kontrollbank so that earnings risks can be analyzed and performances measured.

The bank has a continuous innovation policy which means that they are continually watching the markets for new products and investment strategies for their clients. The combined expertise of the bank staff together with the experts at their international subsidiaries ensure that the bank is in step with the convergence of financial markets worldwide.

Experts are employed by the bank in a number of different fields such as private asset management, fund development and management and investment banking. These expert individuals are made available to clients to discuss and recommend financial strategies. The bank has its own investment company and an efficient trading department.

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

It is possible to open a private account with this bank as a non resident. The bank has a mission to serve its clients well by providing tailored advice that is objective. They provide very strong client support through their personal consultants and have maintained many clients and grown as a result of this.

The bank offers a range of services which include the setup and management of portfolio accounts and the management of securities. The bank gas high trading power and can also offer the services of a private investment company which will provide you with investment services that operate at a level higher than the standard service.

You will be able to structure a successful portfolio from the extensive range of investments that the bank can offer. The most popular products are investment funds that invest in other funds or in investment certificates and stocks and shares in Austria and other European countries.

The bank can offer you a multi currency account. The accounts can use US Dollars (USD), Euros (EUR), British Pounds (GBP), Swiss Francs (CHF), Canadian Dollars (CAD), Russian Rubles (RUB), Australian Dollars (AUD), New Zealand Dollars (NZD), Japanese Yen (JPY), Polish Zloty (PLN), Hong Kong Dollars (HKD), Norwegian Krone (NOK), Czech Koruna (CZK), Danish Krone (DKK), Swedish Krona (SEK) and Turkish Lira (TRY).

The bank has created a highly secure online banking system for its clients to access and manage their accounts remotely at any time. With the online banking system you will be able to access your account balances, view your transactions and view detailed information about your assets and investments in order to make more informed investment decisions.

There are different account options available which include private banking, operating accounts, fiduciary investments, private banking mortgage, LGT multi asset dynamic shield and LGT fixed income dynamic shield. The bank can also offer a range of payment and credit cards for your convenience.

The minimum deposit required for a private bank account is 5 thousand Euros (5000 EUR). This is competitive and you will need to maintain an account balance of at least 5-10% of your account turnover. A prerequisite to opening a private foreign account with the bank is that you are required to make an investment of at least 100,000 Euros in the bank’s investment products or through the equivalent purchase in securities.

The transaction fees that the bank charges are always subject to change, it is important that you check the current rates 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 Procedure You Must Follow To Open A Personal Account At This Bank in Austria

To open a personal 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.
  • A bank reference letter
  • A personal CV

Important Note: In order to open a private account with this Austrian bank you will be required to attend a meeting with a bank representative in Austria or at one of their other locations which are Kiev, Moscow and Tel Aviv.

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 10 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]