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Austria
has evolved into a sophisticated international banking center.
While Austrian banks do not have as many foreign clients as Switzerland,
Luxembourg, or Liechtenstein, virtually every banking and brokerage service
you can imagine is available. Banks in Austria offer similar services
as these countries, but at a lower cost, and historically, with a somewhat
lower profile. For many reasons, an Austrian bank account offers an ideal
entry point into the world of international investment. Austrian
banks are safe and well capitalized. Strict internal controls apply,
and all banks are subject to an annual external audit for compliance with
Austrian banking laws, commercial laws, and accounting standards.
Investments in an Austrian bank account are also covered by a deposit guarantee
scheme (Einlagensicherung) of €20,000 per depositor. - Austrian
Money Secrets by Mark Nestmann -
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