How to open a bank account in Liechtensteinische Landesbank (Österreich) AG
GSL reference about the bank What is it?
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GSL rating
Beginning of cooperation
November, 2011
Last contact
December, 2024
Last update
June, 2024
the bank opens savings (deposit) accounts;
to open an account, a personal meeting with a potential client is mandatory
minimum balance on the account – from EUR 1 000 000;
the term for opening an account – case by case (check with the consultant)
It is the Liechtenstein oldest bank, owned by the state since 1861.
The Bank has its representative offices in Hong Kong, Abu Dhabi and the Cayman Islands. Liechtensteinische Landesbank (Austria) AG established November 25, 2009
Personnel
Staff communicates in English, German, French
Bank’s shareholders
Liechtensteinische Landesbank AG (Vaduz Liechtenstein) - 100%
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
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Minimum requirements
1 000 000
Minimum balance, €
10
Transactions permitted per month
1 000 000
Initial deposit of funds, €
2
Deadline for the initial deposit, month
Minimum balance, €
EUR 1 000 000
Transactions permitted per month
The clients, meeting the Bank's requirements, are giving preferences in the form of 10 business transactios per month
Initial deposit of funds, €
The acceptable initial deposit to initiate the account opening is EUR 1 000 000
Deadline for the initial deposit, month
The initial deposit shall enter the account within two months
How fast payments are executed
Payments are processed within 3 days
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Tariffs and services
125
Outcoming transfer, €
0
Incoming transfer, €
200
Account maintenance, €/year
N/A
Payment limit for credit cards, €/day
Outcoming transfer, €
Outcoming transfer fee is 0,25% from the amount of payment (no more than EUR 500 and no less than EUR 50)
Incoming transfer, €
There is no incoming transfer fee
Account maintenance, €/year
Account maintenance fee is EUR 200 per year
Distant access to the account
Internet banking will only allow you to monitor the transactions on your account
Financial products
Investment programs, sometimes - trade financing programs (such as letters of credit). The rates are applied on individual basis
Credit/debit cards
The Bank issues credit cards of main payment systems
Account opening procedure
Days to open for incoming transfers
Case by case
Days to open for outcoming transfers
Case by case
References
Not necessary
Purpose of the account
Savings
Visit to the bank
To open an account, a personal meeting with a potential client is mandatory
Required
Standard corporate set and documents confirming the source of funds (declarations, contracts, invoices, or a written statement on the origin of funds)
Types of accounts
Savings
Opening procedure and Due Diligence
It is possible to open an account without visiting the country where the bank is located
Chances to open an account
Predictable
Business description
The bank requires a full business description signed by the client
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