Document background
A Corporate Resolution To Open Bank Account is a fundamental document required by Austrian banks when establishing banking relationships with corporate entities. This document is essential when a company needs to open new bank accounts, change authorized signatories, or modify banking arrangements. It demonstrates proper corporate authorization under Austrian law and typically follows a board meeting or shareholder resolution, depending on the company's articles of association. The resolution must comply with the Austrian Banking Act (Bankwesengesetz), corporate laws, and anti-money laundering regulations. It serves as the bank's primary reference document for account operation and typically includes details about authorized persons, signing rights, transaction limits, and specific banking services authorized by the company.
