• [En]
  • [Fr]
  • [Es]

  (+44)203-287 0408

  office(at)lawyersaustria.com

(+44)203-287 0408
office(at)lawyersaustria.com
Company Formation Austria

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Company Registration in Austria

Updated on Friday 18th May 2018

Rate this article
5 5 1
based on 5 reviews


company-registration-in-austria.jpg

Austria is one of the richest European countries which is why it attracts foreign investors from all over the world. With a stable political system and economy, Austria also offers a skilled workforce which plays an important role in its development so far.

Among the most sought investment industries are banking, trading and information technology which play an important role in the development of the country's economy. The legislation also favors the opening of new companies and foreign investors can benefit from a transparent and flexible company registration process.

 
 

 

Austria is a member of several international organizations, among which the World Bank, the World Trade Organization and the Organization for Economic Co-operation and Development which means that investors can do business here with the guarantee of the best international standards.

For those interested in doing business in Austria, our local company formation agents have prepared all the information necessary for them to get started.

Types of companies in Austria

The Company Act is the main law which provides for the establishment of a business in Austria. The first step to register a company is to choose a legal entity from the ones mentioned below:

  • - the sole proprietorship or sole trader which is the simplest form of starting a business in Austria;
  • - the limited liability company which can be private or public and is the most employed type of company;
  • - the partnership which is suitable for those who want to create small and medium-sized businesses;
  • - the subsidiary, branch and representative offices which are business forms available for foreign companies interested in entering the Austrian market.

Our company formation agents in Austria can offer information on the legislation applicable when starting a business in this country.

The sole trader in Austria

The sole trader is the simplest form of doing business in Austria and it can be established by natural persons only. There are no share capital requirements for those who want to set up this business form, however, they will need to register their trade name with the Companies Register in Austria and obtain certain licenses with the authorities.

The limited liability company in Austria

As mentioned above, the limited liability company can take two forms:

  • - the private company, shortly known as the GmbH, which must be formed by at least one shareholder who cannot trade the company’s shares on the stock exchange and which requires a minimum share capital of 35,000 euros;
  • - the public company, shortly known as the AG, which also requires at least one shareholder and a minimum share capital of 70,000 euros; compared to the GmbH, the AG can trade its shares on the stock exchange.

The company registration process for both types of companies follow the same steps.

Partnerships in Austria

There are four types of partnerships which can be registered in Austria. These are:

  • - the general partnership;
  • - the limited partnership;
  • - the dormant partnership;
  • - the civil law partnership.

No matter the type of partnership investors want to set up, at least two founding members are necessary. Also, there are no share capital requirements for this business form.

 
We invite you to watch a short video about company formation in Austria:
 

YouTube Player

Documents for starting a company in Austria

Foreign and local investors must provide the following set of documents when opening a company in Austria:

  • - passports or IDs which must be notarized, depending on the shareholders’ nationality;
  • - the company’s statutory documents which are represented by the Memorandum and Articles of Association;
  • - a lease contract which proves the local address the company will have in Austria;
  • - information about the company’s manager or directors, such as passport or ID copies;
  • - information about the share contribution of each shareholder.

The business owners must also open a bank account where the initial capital will be deposited.

The documents mentioned above must be filed with the Trade Register in order to obtain the company’s Certificate of Incorporation. Then, the company must register for tax and VAT purposes.

Our company registration advisors in Austria have also answered a few of the most usual questions asked by our clients:

  1. Is it easy to register a company in Austria?

Yes, it is quite easy to open a company in Austria, as the company registration process is completed in a matter of days.

  1. Do I need to be present when the registration takes place?

Your presence is not necessary when opening a company in Austria if you grant us power of attorney to represent you.

  1. Does my company need a local address in Austria?

Yes, the company must have a local address in an Austrian city. We can assist with virtual office services for this purpose.

  1. How much is the corporate tax in Austria?

The standard corporate tax rate in Austria is 25%.

If you have other questions or simply need company formation services in Austria, please feel free to contact us.

 
For more details about how you can open a company in Austria or in other European countries such as Serbia, you may contact our specialists in company formation. If you are interested in other jurisdictions, we can put you in touch with our foreign partners, such as LawOfficeMalaysia.com. 
 
 

 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Vienna

Call us now at (+44)203-287 0408 to set up an appointment with our lawyers in Vienna, Austria. Alternatively you can incorporate your company without traveling to Austria.

As a Bridgewest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Austria.

Contact us

Online Incorporation

Tax Calculator