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.
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:
Our company formation agents in Austria can offer information on the legislation applicable when starting a business in this country.
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.
As mentioned above, the limited liability company can take two forms:
The company registration process for both types of companies follow the same steps.
There are four types of partnerships which can be registered in Austria. These are:
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.