Create an Investment Fund in Austria

Austria is known for its financial industry which is one of the most developed economic sectors in the country. One of the best examples is the banking sector, as numerous Austrian banks have expanded in many other European countries through branch offices and which are some of the most important contributors to the country’s Gross Domestic Product. Another profitable segment of the financial industry is the investment funds sector in Austria which also renders good profits to professional investors.

Our company formation consultants in Austria can offer more information on the types of investment funds available in this country.

Legislation related to investment funds in Austria

In order to set up an investment fund in Austria, one must comply with the following laws apart from the Commercial Law:

• -          the Investment Funds Act which was last amended in 2011;
• -          the Undertakings for Collective Investment in Transferable Securities (UCITS) Law;
• -          the Alternative Investment Manager Act (AIFM) Act;
• -          the Banking Law.

Additionally, Austria has also integrated all EU directives related to the establishment and management of investment funds in its national legislation.

Our company registration agents in Austria can offer more information on these regulations.

Registering an investment fund in Austria

As mentioned above, one of the main laws related to the creation of Austrian investment funds is the Commercial Code which provides for the structures used for the registration of the vehicle used to set up the fund. The Company Act provides for limited liability companies, stock corporations and limited partnerships to be used for establishing investment funds in Austria.

The type of structure depends on the type of Austrian fund the investor wants to create. The investor must also take into account the share capital required by the Banking Act to set up the fund. Once these requisites are complied with, the licensing phase of the investment can start. The license is issued based on the prospectus filed with the Financial Markets Supervisory Authority (FMA) in Austria.

For full information on the requirements to create an investment fund, please contact us. Our Austrian company formation agents can assist with the company registration process.