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Austria

Open a company in Austria

Why open a company in Austria?

A prosperous and sophisticated business centre and a traditional trading bridge to Eastern Europe and the Balkans, Austria actively welcomes foreign investors considering Austrian company formation. Setting up a company here is physically very easy. There is plenty of office and industrial space available, both for short and long term let and we can provide serviced office facilities. However there are important procedural issues: the company has to be registered. For Austria incorporation (company with limited liability [GmbH] or a stock corporation [AG]) this involves paying a nominal share capital. There is also the need to satisfy Austria’s “Gewerberecht”, or professional requirements for businesses.

What is the most common type of company formation Austria?

The most common type is Gesellschaft mit beschränkter Haftung” (GmbH), a limited liability corporation. A GmbH is a legal entity. Shareholders are not personally responsible for the liabilities of the company, except for the obligation to pay up their capital contributions.

What is the minimum share capital required to establish a GmbH?

O capital social mínimo para a abertura da empresa é de € 35.000, sendo que pelo menos metade (€17.500) deve ser pago em dinheiro.

What other requirements are there for a GmbH?

  • At least one shareholder
  • At least one managing director, who does not have to be an Austrian citizen or resident in Austria
  • Audit and disclosure requirements may be necessary
  • Having a local serviced office is advisable, but not a legal necessity

What are the requirements to open a stock corporation (AG) in Austria?

  • Minimum share capital of €70.000
  • At least two shareholders required

What are the formalities regarding Austria incorporation?

  • Drafting of articles of association
  • Legalization of articles of association by notary
  • Entry in the commercial register
  • Audit and disclosure requirements may be necessary
  • Having a local serviced office is advisable, but not a legal necessity

Company Registration in Austria

How easy is it to recruit staff?

Austria has a well-developed recruitment sector both for professional and support staff but there are shortages of skilled staff in certain fields, such as telecommunications. In some industries, like telecommunications, engineering and building, it is preferable that the head of the company should be an Austrian national.

What is the regulatory environment like?

Austria is a participant in the euro and there is free movement of both capital and earnings. It has dual taxation agreements with a number of other countries, in particular all members of the European Union, the USA, Canada and Russia. No industries are closed to foreign investment, although in strategic areas an Austrian solution is sometimes preferred. Corporate taxation is relatively low at 25%.

What is the corporate tax rate in Austria?

The corporate tax rate is 25% on profits.

Company Incorporation in Austria

Government incentives include the following:

  • Investment allowance – 9% of all purchases for depreciable business properties are tax deductible, as are 6% of all software purchases
  • Investment incentive- project costs ranging from 15% to 70% are covered
  • Open a company in Austria pre-market development – incentive of 25% to 50%
  • Research allowance – from 12% to 18% of research budgets are deductible where this research will lead to an increase in export revenues
  • Industrial research – incentives range from 50% to 60% of incentive-eligible costs dependent on area and size of business.

How much does it cost to open a company in Austria?

Our service costs €8.780  and it includes: company incorporation in Austria, opening of bank account and VAT (fiscal) registration.

How can I obtain more information about opening a company in Austria?

Please contact us if you have questions and/or want to receive more information on opening a company in Austria.

Support

The benefits of having your own company are virtually unlimited. Opening and managing a company with Europa Expert’s orientation is even simpler and easier. We provide all the needed support to open and manage your company in Austria.

Services we provide
Consulting for new companies (company’s name, website, etc.)
Initial registration
Corporate documents
Bank account in Austrian bank
Business Address and Mailbox in Austria
Fiscal registration (VAT)
Accountancy (according to Austrian Law)
Annual tax declaration
Virtual Office in Austria

Austria

Open a company in Austria

Why open a company in Austria?

A prosperous and sophisticated business centre and a traditional trading bridge to Eastern Europe and the Balkans, Austria actively welcomes foreign investors considering Austrian company formation. Setting up a company here is physically very easy. There is plenty of office and industrial space available, both for short and long term let and we can provide serviced office facilities. However there are important procedural issues: the company has to be registered. For Austria incorporation (company with limited liability [GmbH] or a stock corporation [AG]) this involves paying a nominal share capital. There is also the need to satisfy Austria’s “Gewerberecht”, or professional requirements for businesses.

What is the most common type of company formation Austria?

The most common type is Gesellschaft mit beschränkter Haftung” (GmbH), a limited liability corporation. A GmbH is a legal entity. Shareholders are not personally responsible for the liabilities of the company, except for the obligation to pay up their capital contributions.

What is the minimum share capital required to establish a GmbH?

O capital social mínimo para a abertura da empresa é de € 35.000, sendo que pelo menos metade (€17.500) deve ser pago em dinheiro.

What other requirements are there for a GmbH?

  • At least one shareholder
  • At least one managing director, who does not have to be an Austrian citizen or resident in Austria
  • Audit and disclosure requirements may be necessary
  • Having a local serviced office is advisable, but not a legal necessity

What are the requirements to open a stock corporation (AG) in Austria?

  • Minimum share capital of €70.000
  • At least two shareholders required

What are the formalities regarding Austria incorporation?

  • Drafting of articles of association
  • Legalization of articles of association by notary
  • Entry in the commercial register
  • Audit and disclosure requirements may be necessary
  • Having a local serviced office is advisable, but not a legal necessity

Company Registration in Austria

How easy is it to recruit staff?

Austria has a well-developed recruitment sector both for professional and support staff but there are shortages of skilled staff in certain fields, such as telecommunications. In some industries, like telecommunications, engineering and building, it is preferable that the head of the company should be an Austrian national.

What is the regulatory environment like?

Austria is a participant in the euro and there is free movement of both capital and earnings. It has dual taxation agreements with a number of other countries, in particular all members of the European Union, the USA, Canada and Russia. No industries are closed to foreign investment, although in strategic areas an Austrian solution is sometimes preferred. Corporate taxation is relatively low at 25%.

What is the corporate tax rate in Austria?

The corporate tax rate is 25% on profits.

Company Incorporation in Austria

Government incentives include the following:

  • Investment allowance – 9% of all purchases for depreciable business properties are tax deductible, as are 6% of all software purchases
  • Investment incentive- project costs ranging from 15% to 70% are covered
  • Open a company in Austria pre-market development – incentive of 25% to 50%
  • Research allowance – from 12% to 18% of research budgets are deductible where this research will lead to an increase in export revenues
  • Industrial research – incentives range from 50% to 60% of incentive-eligible costs dependent on area and size of business.

How much does it cost to open a company in Austria?

Our service costs €6.185 and it includes: company incorporation in Austria, opening of bank account and VAT (fiscal) registration.

How can I obtain more information about opening a company in Austria?

Please contact us if you have questions and/or want to receive more information on opening a company in Austria.

Support

The benefits of having your own company are virtually unlimited. Opening and managing a company with Europa Expert’s orientation is even simpler and easier. We provide all the needed support to open and manage your company in Austria.

Services we provide
Consulting for new companies (company’s name, website, etc.)
Initial registration
Corporate documents
Bank account in Austrian bank
Business Address and Mailbox in Austria
Fiscal registration (VAT)
Accountancy (according to Austrian Law)
Annual tax declaration
Virtual Office in Austria

IN THE USA: + 1 305 824-9100 FAX: 305 675-8584  409 NW 10th Terrace Hallandale Beach, FL 33009

IN BRAZIL:  +55 11 4063-6052 FAX: 11 3957-1612 Rua Maestro Cardim, 354 – Cjs 91 e 92 Bela Vista – São Paulo/SP                                01323-000 – Brazil

IN EUROPE: +44 020 8144-5686    

 IN THE USA: + 1 305 824-9100

 FAX: 305 675-8584
 409 NW 10th Terrace
 Hallandale Beach, FL 33009 

 IN BRAZIL: +55 11 4063-6052 

 FAX: 11 3957-1612

 Rua Maestro Cardim, 354 – Cjs 91 e 92 

 Bela Vista – São Paulo/SP

 01323-000 – Brazil 

 IN EUROPE: +44 020 8144-5686 

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