German corporate bank account

An active company in Germany must also obtain a German bank account. In order to open a German bank account, you must have a valid passport and a confirmation that Germany is your current place of residence from the local Public Office (Bürgeramt). In many banks, it is possible to have accounts administered in foreign currencies.

For account deposits of more than EUR 15,000 cash, banks are required to validate the identity of the depositor 

Please bear in mind

Capital can be moved in and out of Germany without any restrictions. However, amounts over EUR 12,500, or equivalent payments with valuables, must be reported to the German Central Bank (Bundesbank). These reports are for statistical purposes only. 

Whether a person needs to report money transfers from abroad depends on whether his or her place of residence is in Germany, nationality is irrelevant. A person or company with a place of residence or business in Germany must report incoming and outgoing payments from abroad for all transactions over EUR 12,500. Alternately, an investor with a place of residence abroad does not have to register a capital transfer to an account in Germany, even if the investor is the account holder. 

How we can help you

Financial institutions in Germany gain increasing credibility. We can help you open both private and corporate accounts in any bank in Germany.

  • We can advise international companies on opening a corporate bank account in Germany

Martin Wilke

Managing Director
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*All services offered on this website are provided by Consultinghouse A.M.C. Int GmbH and are exclusively carried out under § 6 Nr.3-4 of the German tax adviser direction code. Consultinghouse provides management consulting as well as services with regard to accounting of current business activities, the generation of payslips, as well as the registration for payroll tax. For tax or legal services please contact our cooperation partner