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Company Types in Austria

Updated on Wednesday 03rd January 2018

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company-types-in-austria.jpgWhen a foreign investor comes in Austria with a clear thought of investing in a new company, he must be aware of all types of companies that are available. Only after analyzing all the structures, he can decide about setting up a company in Austria.

Here are the main types of companies that can be incorporated in Austria:

  • Austrian private limited liability company (GmbH)

This is the most popular type of business in Austria, especially due to its flexibility. In order to set up a limited liability company in Austria, a minimum share capital of EUR 35,000 has to be provided and 50% of this sum has to be deposited in a bank account prior to company registration in Austria. No requirements regarding nationality or residency are made for shareholders, but their minimum contribution is EUR 7,000 each.

  • Austrian Stock Corporation (AG)

One or more shareholders can establish this type of company in Austria provided that they have at least EUR 70,000 as an initial investment. A stock corporation in Austria must have a supervisory board with at least three members. The company is regarded as a legal entity, therefore it is liable for its obligations.

  • Open (General) Partnership (OG)

At least two individuals or legal entities can join and form a partnership in Austria. It is also the case of the general partnership. All members in a general partnership have full liability and are regarded as general partners. However, at least one member must prove his competence in the field of activity that the company has.

  • Austrian Limited Partnership (KG)

This type of partnership can be set up by at least two individuals or legal entities as well. The partners represent the company in all matters. Its main characteristic is that at least one of the partners has to be a general partner, with full liability for the company’s management, rights and obligations. At the same time, at least one partner has to have limited liability to the extent of his contribution.

  • Austrian Silent Partnership (stGes)

Silent partnerships in Austria mean that one member is the proprietor with full liability, while the other partners who signed the agreement are silent and, as a consequence, do not take part in the management of the company. It is important to know that registration of silent partnerships with the Austrian Trade Register is not compulsory.

  • Civil Law Partnership (GesnbR)

This type of partnership is not considered a legal entity. For that matter, it is only recommended for individuals or corporations that want to be part of a project only for a limited amount of time. The incorporation procedure is the most simple.

For more details about the company types available in Austria, you may contact our team of company formation specialists.

 

 

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