Foreign investors who want to do business in Austria can set up fintech companies as the country is currently one of the most appealing European destinations in this field. Not long ago, the government has launched various programs for startups, many of these companies operating in the fintech sector which is why Austria now has a ‘fintech ecosystem’.
Our company formation consultants in Austria can explain the legislation applicable to financial companies interested in adopting technology in order to improve their services.
Fintech is short from financial technology which in Austria is the main industry startup companies operate in. IT companies and financial ones are the most prolific fintech businesses in the country because of the large number of communities and incubators created in the last few years.
The government also has created various programs through which fintech companies can access funds and benefit from many tax advantages. Among the programs for fintech companies are:
Our Austrian company formation agents can assist with the registration of a startup company.
Foreign and local investors who want to start fintech businesses in Austria can choose between the several types of companies accepted by the Commercial Law. The company incorporation process is quite simple and does not imply any special requirements as long as the company is not a financial institution.
In the case of financial companies, certain share capital requirements and licensing procedures with the Financial Supervisory Authority in Austria are necessary.
Among the services which can be provided by a fintech company in Austria are:
If you want to set up an Austrian fintech business and need assistance, do not hesitate to contact our local advisors.