The Trade Register is the authority in charge with the registration of companies in Austria. Its main role is to receive the documents related to company formation in Austria and issue the certificates of registration for all businesses operating in this country.
Below, our Austrian company formation agents explain how the Trade Register in this country works.
The Austrian Trade Register is actually known as the Austrian Commercial Register. The institution deals with company registration in Austria, as well as the supervision of the legal matters regarding the companies in Austria. Information about companies in Austria is kept in a database available at commercial courts and regional courts and it is protected by the Federal Computing Centre. Details on private foundations and cooperatives are also registered with the Austrian Trade Register in order to meet the provisions of the Austrian legislation. The Trade Register in Austria falls under the regulations of the Ministry of Justice and it has the role to establish communication links between entrepreneurs and law, as well as with the public.
Company registration in Austria can be done in two different ways. One can go in person to one of the Commercial Register’s offices in Austria and file an application. It is also possible that the company registration is performed online, by downloading and completing an application form, together with the scanned copies of the requested documents via e-mail. After company registration in Austria is completed with the Trade Register, it is also necessary to register for tax purposes in Austria.
The Commercial Law in Austria provides for the following types of companies which can be registered with the Companies Registrar:
Our local consultants can explain the characteristics of each type of company.
Foreign investors who want to open companies in Austria must bear in mind the following costs:
|Notary fees||Up to 2,000 EUR|
|Obtaining a confirmation for the company registration||Free of charge|
|Depositing the share capital||Free of charge|
|Registering with the local court||Approx. 30 EUR|
|Tax registration||Free of charge|
|Registering with the Trade Authority||Free of charge|
|Registering for taxation purposes||Free of charge|
|Registering with the municipality||Free of charge|
Anyone can have access to the database of the Commercial Register in Austria. It is necessary to submit an inquiry and one of the six providers will answer. They also deal with the collection of court fees. Searching the database can be simplified by using some filters, such as the company name, the legal form, the registered address, the name of shareholders or managers. On the basis of the searching process, information on the company is provided regarding the whole background and history. An excerpt of the company’s documents can be offered on request via e-mail or in print. This can be done at any office of the Commercial Register in Austria.
For details about company formation and registration in Austria, you may contact our local specialists.