Germany stands tall as one of the world’s most trusted destinations for wealth management. With its stable economy, strong regulatory framework, access to EU markets, and deep financial expertise, it has become a strategic hub for high-net-worth individuals (HNWIs) looking to preserve and grow their wealth—especially non-residents.
In this comprehensive 2025 guide, we explore how non-residents can access private wealth management services in Germany, the benefits, legal frameworks, taxation issues, and how to choose the right firm to safeguard and grow your assets.
Why Germany for Private Wealth Management?
Financial Security
Germany boasts:
- The largest economy in Europe
- A well-regulated and globally respected banking sector
- Transparent wealth protection laws
- Strict data and privacy compliance (GDPR)
Investor-Friendly Environment
- No restrictions on foreign ownership of financial assets
- Multiple investment vehicles: stocks, funds, real estate, private equity
- Germany is part of OECD, FATF, and EU financial systems—ensuring legal security
- Double taxation treaties with over 90 countries
Who Needs Private Wealth Management in Germany?
Private wealth management services are tailored for individuals or families with substantial assets and complex financial needs. Non-residents or foreigners who benefit from these services typically:
- Own global businesses or German companies
- Hold significant liquid or fixed assets
- Wish to protect intergenerational wealth
- Seek legal tax structuring across jurisdictions
- Invest in real estate, venture capital, or EU-based securities
Typical clients include:
- Entrepreneurs and business owners
- International investors and expatriates
- Diplomats, executives, and consultants
- Retirees planning relocation or golden visa residency
Core Services Offered by German Private Wealth Firms
| Service | Description |
|---|---|
| Asset Allocation | Diversification across domestic and global markets to optimize risk and returns |
| Tax Optimization | Legal cross-border tax structuring and planning to minimize tax liabilities |
| Estate & Succession Planning | Ensuring generational wealth transfer according to your wishes |
| Discretionary Portfolio Management | Personalized investment strategy execution by experienced advisors |
| Real Estate Investment Advisory | Strategic acquisition and management of property assets in Germany and the EU |
| Philanthropic Planning | Structuring charitable trusts or legacy giving strategies |
| Family Office Services | Consolidated legal, financial, and administrative management for ultra-high-net-worth families |
Top Private Wealth Management Firms in Germany (For Foreigners)
| Firm | Specialty | Minimum Investment |
| Deutsche Bank Wealth Management | Global wealth access, family office services | €500,000+ |
| UBS Germany | Swiss-style discretion, offshore structuring | €1 million+ |
| Berenberg Private Bank | Asset management, legacy planning | €1 million+ |
| MERCK FINCK Privatbankiers | Tailored HNWI services | €250,000+ |
| Oppenheim Private Bank | Estate planning & German tax support | €1 million+ |
Note: Many firms offer multilingual teams, remote onboarding options, and services for international tax residents.
Legal and Tax Considerations for Non-Residents
Residency vs. Tax Residency
- You do not need to be a resident of Germany to access private wealth services.
- Germany taxes residents on their worldwide income, while non-residents are only taxed on German-sourced income.
Inheritance and Wealth Tax
- Germany does not impose a net wealth tax.
- Inheritance tax applies but can be mitigated using structures such as:
- Trusts
- Life insurance wrappers
- Holding companies
- Strategic gifting before asset appreciation
Double Taxation Treaties
Germany has established tax treaties with over 90 countries, including the United States, United Kingdom, South Africa, Nigeria, and most EU nations. These treaties:
- Prevent double taxation on income and gains
- Allow for tax credit or exemption mechanisms
- Enhance transparency and compliance
Investment Opportunities in Germany for High-Net-Worth Individuals
Luxury and Commercial Real Estate
- Prime locations in Berlin, Munich, and Hamburg offer long-term capital appreciation.
- Germany’s rental market is stable and well-regulated, attracting local and international tenants.
Private Equity and Startups
- Germany has a thriving startup ecosystem, particularly in Berlin and Frankfurt.
- Investment opportunities in venture capital, fintech, AI, and clean tech are abundant.
Bonds and Funds
- Government bonds offer low-risk fixed income options.
- EU and Germany-focused equity and ETF funds provide diversified exposure.
Sustainable Investing
- ESG (Environmental, Social, and Governance) investing is strongly supported.
- Germany is a pioneer in green bonds and ethical investing strategies.
How to Choose a Wealth Manager in Germany
Due Diligence Checklist
- Is the firm regulated by BaFin (German financial supervisory authority)?
- Do they offer transparent and performance-linked fee structures?
- Do they have experience working with international clients?
- Are they familiar with your home country’s tax system?
- Can they integrate with your existing legal and tax advisors abroad?
Onboarding Process
- Initial consultation (can be virtual)
- Know-Your-Client (KYC) and Anti-Money Laundering (AML) documentation
- Submission of identification and proof of funds
- Goal and risk profile assessment
- Portfolio and strategy development
- Implementation and quarterly performance reviews
Frequently Asked Questions (FAQs)
Can I open a German investment account from abroad?
Yes. Many private banks and wealth managers allow remote onboarding through secure portals, video calls, and notarized documentation.
Is my money secure in Germany?
Yes. German financial institutions are among the safest globally, backed by strict banking laws, BaFin supervision, and government deposit guarantees.
What is the minimum amount required to access wealth services?
Minimum investment thresholds vary by firm but usually range between €250,000 and €1 million.
Can I use German wealth services if I live in Nigeria, UAE, or the UK?
Absolutely. Germany’s financial sector is internationally accessible, with tailored services for high-net-worth individuals across the globe.
Can a wealth manager help me get a residency or visa?
Some firms partner with legal professionals to assist with golden visa or entrepreneur visa applications, particularly if investment in the German economy is involved.
Final Thoughts
Private wealth management in Germany is not just about growing money—it’s about long-term financial control, legal protection, and global access. For non-residents, Germany offers an unparalleled mix of financial expertise, discretion, and security.
Whether you’re building a legacy, planning international tax efficiency, or investing for the next generation, Germany remains a premier destination for smart, high-value wealth planning in 2025 and beyond.