Why Austria?
Numerous factors speak in favour of investment in Austria: as a centre for international private banking activities, it is going from strength to strength. In a world in which traditional bastions of private banking are coming under increasing international pressure, with erosion of banking secrecy and changes in the tax and legislative environment, Austria has successfully positioned itself as a European financial centre of international importance.
The stability and reliability of Austria as a banking centre, the attractive tax conditions for international investors, true banking secrecy and friendly, sympathetic people have helped make Austria a unostentatious alternative to more conventional banking locations.
Investing in Austria – the advantages at a glance
- Established reputation as a financial centre
- Political and economic stability
- Favourable tax climate for non-residents
- Banking secrecy
- Strong legal framework
- Strictly regulated financial markets
- Large number of double taxation agreements
- Advantageous geographical location at Europe’s heart
Bank Gutmann in Austria
The winners of the Fuchsbriefe Test of Best Asset Managers 2010 have been announced at the 6th Private Banking Summit in Berlin. Bank Gutmann has once again won top places: in the country ranking of Austria, Gutmann placed first, successfully defending its title of "Best Austrian Private Bank". In the ranking for all German-speaking countries (Austria, Switzerland, Liechtenstein, Germany, Luxembourg), Gutmann was rated seventh out of a total of 117 companies tested. In the list of All-time Best Performers honouring asset managers with the longest and most consistent track record, the long-established Viennese bank ranked fourth after gaining two places.