Head of International Corporate Law and Fintech Practice
Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.
Opening a bank account for legal entities in Austria
Advantages of opening a bank account for a company in Austria
If you are planning to start a business abroad, Austria will be one of the most promising options for you.
Opening a corporate account is the most important stage when opening a company here, since without it you will not be able to contribute authorized capital and start operating the business in general (you can find out about the procedure for registering a company in Austria via link).
The advantages for legal entities to open an account in Austria are, firstly, the reliability of the banking system itself, secondly, the creation of opportunities for using the instruments of the European financial market, and thirdly, the benefits for accumulating financial capital in the long term.

What are the necessary documents and basic requirements?
A non-resident company must successfully complete the KYC identification procedure and conduct a personal visit to the bank by the director or business owner.
Some banks offer the option of postponing the director’s visit to the bank.
Thus, the company opens a corporate account to deposit the authorized capital and complete further registration, but it can officially make deposits and start accumulating financial capital only after the final procedure of confirming the director’s identity at the bank within 6-12 months from the date of opening the bank account.
There is also an option to open an account through an official representative using a properly executed power of attorney (not allowed in all banks in Austria). Some features opening an account in Austria our lawyer explained in the article before this.
A non-resident legal entity in Austria needs to prepare a number of mandatory documents confirming its legitimacy, structure, and identification of management and beneficiaries:
- scanned copies of company documents, notarized and with an apostille affixed to them, including the Charter as the main document that defines the legal aspects of the activity; The Memorandum of Association or Protocol confirming the creation of the company by the founders and its main purpose; An extract from the state register of legal entities to confirm official registration in accordance with the legislation of Ukraine;
- certified documents on the management and ultimate beneficial owners of the company, namely – certified scanned copies (or originals) of passports to confirm identity; documents to confirm the address of residence of individuals (rental agreement, utility bill, bank statement from an individual’s account, etc.); beneficiary’s resume with full information about professional experience, education, etc.;
- correctly completed customer questionnaire (KYC), which is provided by an individual bank and contains key information about the company, the nature of the business and sources of income;
- recommendation documents from previous banks in which the non-resident legal entity already had accounts for carrying out operational activities (at the request of a separate banking institution);
- power of attorney to a person who can represent the company director for the purpose of opening a bank account (if available).
Procedure for opening a bank account for a legal entity
As a rule, the following steps are required to successfully open an account for a legal entity in Austria:
- submission of a full package of documents (collection, certification and official translation of copies through a certified translation agency in Ukraine/translator in Austria, affixing an apostille to them);
- completing compliance procedures, making changes and submitting additional documents at the bank’s request, and maintaining further communication;
- procedures for identifying and verifying beneficiaries and the director (through video conferences or in-person meetings if necessary);
- making an initial deposit at the request of the banking institution and activating the account through online banking tools.
How do lawyers at Prikhodko & Partners Law Firm help with opening a bank account for a company in Austria?
Our company’s qualified and experienced lawyers can help you go through all stages as quickly as possible. We can offer interested clients high-quality legal services:
- professional consultations (including on the selection of the most relevant bank);
- preparation of documents, their copies and correct registration for submission to the bank;
- correct completion of forms, resumes and other documents requested by the selected banking institution;
- representation of the director to a banking institution by power of attorney, etc.
Conclusions
Opening an account in Austria allows a company to expand its capabilities in the European market. This process is step-by-step and includes submitting documents, their notarization, apostillization and translation, compliance procedures, verification of the director, beneficiaries.
Law Firm “Prikhodko & Partners” provides comprehensive support on this issue, which saves clients’ time and effort.
For a successful and as quick as possible procedure for opening an account in Austria, contact the lawyers of the company “Prikhodko & Partners”. To receive a consultation and find out the cost of legal support, fill out the form below.
Calculate the cost of services
1 question
Do you have experience working with banks in Austria?
2 question
Do you have a ready-made business in Austria?
3 question
Do you need advice on opening an account for a legal entity in Austria?
You may also need:
REGISTRATION OF A BUSINESS (FIRM) IN POLAND
Read moreBANK REGISTRATION IN CYPRUS
Read moreOPENING A BANK ACCOUNT FOR A GAMBLING BUSINESS
Read moreBrand name registration
Read moreOpening a crypto-friendly account
Read moreOPENING A BANK ACCOUNT IN GREAT BRITAIN
Read moreOPENING A BANK ACCOUNT IN ESTONIA
Read moreREGISTRATION OF A BUSINESS (FIRM) IN THE UK
Read moreCompany Registration in Austria
Read moreCompany Registration in the UAE
Read moreOpening an account in a foreign bank
Read moreREGISTRATION OF A BUSINESS (FIRM) IN THE CZECH REPUBLIC
Read morecall back
during the day
Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)
