Liechtensteinische Landesbank (Österreich) AG

FACTS & INFO

• Requirements

  REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH LIECHTENSTEINISHE LANDESBANK (ÖSTERREICH) AG

  • Client's personal presence in the bank is necessary. The bank can organize the meeting in Vienna, in client's home country or in third-party country.
  • The minimum required balance is EUR 1,000,000 or equivalent in another currency. The minimum balance must be transferred to the account within 1 year.
  • The private banking relations in form of investments in securities or asset management mandate are obligatory.
  • Account opening timeframe. The account will be activated within 7 - 14 business days, upon receipt by the bank of all duly completed forms and relevant information.
  • Confirmation of source of funds of the client will be required (e.g. tax declaration, salary confirmation, confirmation of dividend distribution including balance sheet of the company, contracts, etc.)

  
  DOCUMENTS REQUIRED
  For the Company:
  A set of legalized company documents consisting of:
  

  • Certificate of Incorporation
  • Memorandum and Articles of Associations
  • Documents confirming the appointment of company directors and secretary (if any)
  • document confirming the location of the registered office
  • Share Certificate(s)
  • Certificate of Good Standing if the company is more than 12 months old
  • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
  • Valid License (if applicable)

  
  For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  

  • Notarized copy of valid passport.
    The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV

  
  For each corporate officer (where the company directors or shareholders are legal entities), please provide:
  A set of legalized company documents consisting of:
  

  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.

  
  IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

  If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

  Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

  Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
  

• Facilities

  WHAT LIECHTENSTEINISHE LANDESBANK (ÖSTERREICH) AG OFFERS:

  LLB (Österreich) AG has created a unique and pioneering pricing model for investments with retrocession-free asset management and investment advice that started in 1 April 2015.

  As part of the new pricing structure, the bank waived retrocession fees on its own funds as well as those of third parties, therefore clients of the bank benefit from more transparency, a highly simplified fee structure and significant reductions in overall costs for all of clients' LLB funds.

  
  

  • Current accounts for individuals and legal entities
  • Numbered accounts
  • Master or Visa Credit Cards
  • View only Internet Banking
  • Multilingual customer support
  • Asset Management
  • Investment & strategy advice
  • Investment Advisory Services
  • Financial planning
  • Portfolio management (execution only)
  • Settlement platform for external asset managers
  • Fund services
  • Stock and foreign exchange trading
  • Mortgage and Lombard loans
  • Multi family office
  • Transfer of residence
  • Consulting for foundations
  • Consolidated portfolio analysis and reporting system

  
  

  The approximate timeframe for account allocation is 7 to 14 business days upon receipt of the required documentation by the bank and a face-to-face meeting.

  BANK TARIFFS AND CHARGES
  LLB (Österreich) AG can be considered as a medium-cost bank with respect to account maintenance and bank transfers. LLB (Österreich) AG charge 0,25% of the amount (min. EUR 15) for SEPA money transfers of more than EUR 20'000 and Non-SEPA money transfer in all currencies. Outgoing transfers for SEPA money transfers of up to EUR 20'000 are free of charge. There are no fees for incoming transfers. The account maintenance cost is EUR 50 per quarter.
  

• PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.
• STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.