1

I'm planning to open a personal bank account in Germany very soon and I need this clarified before I do that.

Some info:

  • I don't have German Citizenship
  • I do not live in Germany and I don't plan on living there
  • I will not be receiving any money from German Companies (for now at least) and I will not be performing any services or have any sort of activity in Germany besides having a bank account there
  • I plan to use the bank account for international transfers only

Do I have to pay any taxes in Germany?

I tried googling for the answer, but I couldn' find a clean answer anywhere. Besides that, are there any other things I should know about before opening a bank account in a foreign country?

2

No you won't.
Germany taxes income, not bank accounts. Note that this changes immediately when your bank account makes interest - you will owe taxes on this interest.

However, chances are you won't get a bank account. Without residency or income, typically the banks wouldn't give you an account. Feel free to try, though.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.