Eternity Law International News Company formation in Austria

Company formation in Austria

Published:
September 28, 2022

Finance, commerce, and IT are three of the most sought-after investment industries in Austria, which draws international investors from all corners of the world. The law also supports new businesses, and with the assistance of our Austrian company formation experts, international investors may take benefit from a straightforward and adaptable business enrollment process.

Typology of firms in Austria

The primary law that governs how corporations are based in Austria is the Company Act. The initial stage in forming a corporation in Austria is selecting a legal structure from the list below:

The easiest way to launch an enterprise in Austria is as a sole trader

The basic business structure in Austria is the sole trader, which may only be created by natural individuals. For individuals who want to launch this company, there are no shareholding funds requirements; nonetheless, they have to register their company’s name for trading with the national register and get specific permissions from the authorities.

The most typical kind of corporation is the limited liability company, which can be either private or public

There are two kinds of LLC in Austria:

  • the private business, which needs mandated share funds of €35,000 and at minimum one stockholder who is prohibited from trading the firm’s stock on a stock market;
  • the public business, which may trade its stocks on the stock exchange, also necessitates at least one stockholder and basic share capital of €70,000.

Subsidiaries, branches, and representative offices as legal entities.

International investors engaged in forming a firm in Austria might establish one of four forms of partnerships. Which are the civil law, general, restricted partnership and inactive partnerships.

Any kind of partnership that investors wish to form necessitates at least two founders. In addition, no share capital is necessary for this corporate model.

One strategy that global businesses might take to establish their presence in the Austrian marketplace is to open a branch office. The Austrian firm entirely depends on parental enterprise. This indicates that all decisions about the branch’s management will be made by the main office. The parent company’s actions that require licenses and permissions will be completed by branches in Austria.

Pros of the Austrian branches:

  • the main office is answerable for the activities of the local branch office;
  • necessities for setting such a formation are minimal;
  • a non-native company is allowed to create a corporate banking account in Austria;
  • branch office in Austria could be fully owned by the multinational corporation. It is possible to establish it quickly with the Austrian Trade Register.

The subsidiaries are separate legal institutions from the branches and are often registered as LLCs. As a result, it has the authority to make its own choices and will be given local treatment in the Austrian marketplace. Similar benefits are provided by the Austrian subsidiaries and the branch offices.

The paperwork needed to form a corporation in Austria

The documents that are demanded investors to create a corporation in Austria:

  • based on the national identity of the stockholders, copies of passports or identification cards that must be notarized;
  • the company’s statute documents, which is the Memorandum of Incorporation;
  • a lease agreement that attests to the Austrian address of the firm;
  • data about the firm’s managers or executives, such as copies of passports or identification cards;
  • details regarding each shareholder’s share contribution.

Additionally, the bank account where the startup funds will be placed must be opened by the firm founders.

Our experts can help you deal with enrolling your enterprise if you are drawn to trade activity in Austria.

Please contact us to get more information.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

Benefits of company registration in Bulgaria

Because of affordable labour expenses and the corporation tax rate of 10%, many businesses are relocating their offices to Bulgaria. Thus, if you consider launching a company in Bulgaria, we seek to inform you about essential data that will assist you in better understanding the trade there. You can acquire info about the main benefits...

Registration of IT companies in Canada and the USA

Registration of IT companies in Canada and the USA – an important point for young companies that are just starting their development path, are looking for possible ways to get to foreign markets worldwide. To do this, they need large cash investments. If you look at the official statistics, the leaders among countries that provide...

Immigration To The USA: Visa Options For Foreigners

All foreign individuals seeking to enter the United States must receive the right visa to be granted legal entry upon arrival in the country. Broadly speaking, visa options for foreigners fall into 2 categories: non-immigrant and immigrant programs. There are 3 gateways that allow foreigners to enter the USA: Work, Business, and Immigration Visas. In...

Key reasons to start your business with MSB in Canada

If you want to pursue a professional financial services business and go international, you will need to get a special license permit. This is similar to obtaining a driver’s license buying a car. Here you should ask yourself which license to choose between many another. Below we will discuss the reasons for obtaining an MSB...

Legal regulation of operations with cryptocurrencies in Hong Kong

Legal regulation of operations with cryptocurrencies in Hong Kong is a popular direction in the country. Great influence on the development of legal relations in Hong Kong had the United Kingdom, under the authority of which the territory remained since 1842. In this situation, the current special district of Hong Kong was 150 years old,...

AS/EN 9100: Aerospace Quality Management

AS/EN 9100 emphasizes quality in all aviation sectors. It is applicable to civil and military aviation enterprises. Since its first edition, 9100 has been revised several times. Quality and safety demands established by it were supplemented in accordance with legislative and regulatory norms, conditions of contracts in aerospace field. As of today, the 2003 version...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Tallinn

Kesklinna linnaosa, Tuukri 19

Riga

Esplanade, 7 floor

Vilnius

Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175

Sydney

20 Martin Place

Singapore

3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7