Open a Corporate Bank Account in Germany

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

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.

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