Austria is a Federal Republic of nine provinces and is a central European country, bordered by Germany and the Czech Republic to the north, Italy and Slovenia to the south, Switzerland to the west, and Slovenia and Hungary to the east, and southeast respectively. It is a member of the EU. The capital city is Vienna, and the currency is the Euro. The official spoken language is German. The Austrian economy is well founded on a highly skilled workforce, and high standard of living. It has close links to other EU economies, in particular Germany’s. It’s Service industry and financial services sector has continued to grow.
- TYPE OF COMPANY: Limited
- COMPANY LAW: The Commercial Code (as amended)
- SUFFIX TO DENOTE LIMITED LIABILITY: GmbH
- DIRECTORS: Minimum one of any residency or nationality (corporate directors allowed) – we can provide
- SECRETARY: No
- SHAREHOLDERS: Minimum One, natural persons or corporate entities of any residency or nationality – we can provide
- CLASSES OF SHARE: Registered
- CAPITAL REQUIREMENTS: Capital €35,000 with minimum 50% paid up
- OWNERSHIP: 100% Foreign Ownership
- TIME TO INCORPORATE: 4-6 weeks
- REGISTERED OFFICE: Required in Austria – we can provide
- ANNUAL RETURN: No
- ACCOUNTS: Yes
- DISCLOSURE: No
- TAXATION: Varies/ Corporation Tax 25%
- GOVERNMENT LICENCE FEE: Yes
- DOUBLE TAXATION TREATIES: 40
- LANGUAGE OF DOCUMENTATION: German with certified English translation
If you would like further information on setting up a company in Austria or the formation of a Austrian company or other Austrian corporate entities or require professional advice relating to taxation or the structuring and requirements of a Austrian company, please contact us. We can also provide advice on establishing a subsidiary, joint venture or foreign company to carry on business in Austria.
We can provide a wide range of support and administration services, bank introductions, nominee directors, nominee shareholders, virtual offices, accountancy and legal services. We can also advise on compliance with all the regulatory and statutory requirements.