Mountains and lakes, Mozart and Strauss, Wiener schnitzel and Sachertorte: Austria is known for these and much more. Less known is that the Austrian finance market offers significant advantages for Private Banking. The strengths of the Austria financial market are:

1. Austrian Bank Secrecy

• Special privacy protection through clear laws and the constitutional status of Austrian bank secrecy.
  
  
• Foreign authorities are generally given no direct information. An exception is regulated in domestic legislation (Amtshilfe-Durchführungsgesetz). Such requests can be made solely through the Austrian authorities.
  
  
• There is no central customer database in Austria. A central inquiry for personal      data is therefore not possible.
  
  

2. Strict regulation and on-going control

• The Banking Centre Austria is strictly regulated and continuously controlled by the Austrian Financial Market Authority (FMA) and the Austrian National Bank (OeNB).
  
  

3. High degree of political and economic stability

• Austria is a member of the EU and possesses an AAA-Rating, ensuring a high degree of political and economic stability.
  
  

4. Stable legal and tax framework