Form of government:Federal republic
Area:83 879 km2
Open an account in Austria
For the Austrian state, the characteristic indicators are stability, a high standard of living of the population and an unsurpassed reputation in the financial sector. Because of this, the number of customers who want to open an account with any banking institution in Austria is growing.
The result of this economic recovery was the removal of restrictions on the use of foreign currency in the middle of the state. In addition, the strict control of the government over the banking system has stopped. Another plus is that the global financial crisis has practically not affected the financial sector of Austria. Banks have reached a new level of development, so entrepreneurs trust Austrian institutions, especially appreciate their stability and reliability.
Advantages of Austrian banks:
- Individuals and legal entities, including non-residents, are provided with all necessary services and consultations.
- The Austrian banking system is so reliable that you can manage your business without fear and any risks from servicing an account. Investment security is also guaranteed.
- To avoid double taxation, clients work with the bank under a simplified system.
- Possibility to open an account in any currency. At the same time, there is no currency control in the state.
- Austria has a well-established system of complete confidentiality. Personal information is kept strictly confidential. The state of the account can be declassified only if the funds were obtained illegally. However, as practice shows, this rarely happens – no more than one case per year. The account can be “opened” upon receipt of reliable evidence of fraud.
- Austrian banking institutions value their prestige and authority. Therefore, services are provided with high quality and lightning speed. When opening any account (investment, savings and others), bank staff draws up documentation promptly and especially carefully.
Each banking institution in Austria has its own peculiarities of working with clients. But our organization “Finance Business Service” will take all the responsibility for choosing the most suitable and most reliable bank.