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Company formation in Austria

Comprehensive assistance in company formation, including banking services

How to form a company in Austria

1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Austria and opening a bank account in Austria
2
Payment of services
Payment of our services for company formation in Austria and/or bank account assistance in Austria
3
Company formation
We register a new company in Austria for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Cost of services
Formation of a GmbH
Timeframe - 18 working days
EUR 4100
Standard
  • Company formation
  • State fees
  • Legal address for 1 year
  • Notary services
  • Company seal
Select
From EUR 4900
Extended
  • Company formation
  • State fees
  • Legal address for 1 year
  • Notary services
  • Company seal
  • Bank account in Austria
  • Accounting services for 1 year
Select
From EUR 5500
Ultimate
  • Company formation
  • State fees
  • Legal address for 1 year
  • Notary services
  • Company seal
  • Bank account in Germany
  • Accounting services for 1 year
Select
Send a request
for company formation
Bank account in Germany at the Commerzbank AG
EUR 1400

Advantages of forming a company in Austria

Attractive business-environment
  • 4th place in the EU at economic growth
  • Huge logistics center for making shipments to Eastern Europe
  • High purchasing power
  • Well-developed infrastructure
  • Low inflation rate
Stability and security

  • Political stability
  • Secure legal and justice system
  • Comprehensive protection of property rights
  • High standards of personal security
  • Investment protection
Tax benefits

  • Tax benefits for corporate group taxation
  • Multiple double tax treaties
No foreign exchange controls
  • Austria joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Austria may open bank accounts in Austrian banks in any currency
Ease of establishing and doing business
  • Minimum share capital requirement for a GmbH is EUR 10,000, half of which has to be paid during the company formation in Austria
More about Austria
General information
Austria is located in Central Europe and borders Czech Republic, Germany, Hungary, Italy, Liechtenstein, Slovakia, Slovenia and Switzerland. Territory of Austria amounts to 84,000 square kilometers.

Austria has a population of around 9 million people. The majority of population lives in urban area.
Economy
Official currency of Austria is euro (EUR).

GDP growth in Austria for the previous year was around 2%.

Austria is located at the center of Europe, which allows it to also be the center of European business that connects Western and Eastern Europe. On the global ease of doing business index Austria holds 27th place.

A highly-developed eceonomy of Austria is persistently thriving due to a highly-qualified workforce, a competitive industry and a big service sector. Key economy sectors in Austria are industrial and service sectors and also agriculture.

Austria is open for global trade and investments and guarantees to foreign investors comprehensive property protection, as well as a transparent and secure legal and justice systems. Austria is a Member State of the European Union and this imposes obligations to follow all the directives and regulations of the EU, as well as trade agreements, provisions concerning import and export operations. Austria is also a member of the Organistation for Economic Co-operation and Development (OECD), whose headquerters are located in Vienna.
Types of business-activities
International business establishes companies in Austria for the purposes of trading, logistics, in some cases foreign entrepreneurs establish travel business in Austria.

In Austria a big number of business-activities is subject to regulations of the Economic activity code 1994 (Gewerbeordnung).

Among such business-activities:
  • dental services
  • orthopedic services
  • pharmaceutical services
  • business- and investment consulting
  • hotel services
  • real estate sale services
  • HR-services
  • insurance broker services etc.
In order to conduct one of these business-activities it is required to receive a trade license.

Moreover, in order to conduct these business-activities it is required to appoint 2 managing directors - the one acting on the basis of Austrian corporate law (Gewerberechtlicher) and the one acting on the basis of the Austrian trade law (Geschäftsführer). These managing directors have to be resident in the EU.

These two positions can be held by the same individual if they fit the requirements of the Austrian trade law. Managing director acting on the basis of trade law needs to ensure compliance of a business-entity with the licensing laws.

Restricted for foreign entrepreneurs are the following sectors:
  • energy sector
  • banking and insurance (a special license from the Ministry of Finance is required)
  • lottery and gambling
  • radio- and telecommunication services
  • postal services.
Key taxes and tax rates
  • Corporate income tax - 25%, or minimum tax from EUR 1750 up to EUR 3500
  • Dividend withholding tax - 25%, 27,5%
  • Interest withholding tax - 0%, 25%
  • Royalties withholding tax - Standard rate 20%
  • Capital gains tax - 25%
  • Property tax - up to 1%
  • Municipal tax - 3%
  • VAT - Standard rate 20% or reduced rates from 0% up to 19%
  • Personal income tax - from 0% up to 55%.
Key types of business entities
Apart from such traditional business entity types as a limited liability company (Geselschaft mit beschränkter Haftung) and a public limited company (Aktiengesellschaft), Austrian corporate law offers to establish a business as:

1. Civil law company (Gesellschaft bürgerlichen Rechts)
2. General partnership (Offene Gesellschaft)
3. Limited partnership (Kommanditgesellschaft)
4. Silent partnership (Stille Gesellschaft)
5. Association (Verein)
6. Industrial and Provident Cooperative Society (Erwerbs- und Wirtschaftsgenossenschaft)
7. European company (Societas Europaea).

To receive a detailed description of the company formation procedure in Austria and information about documents necessary for company formation in Austria please contact our experts.
Send a request for company formation in Austria
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Contacts and address
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E-mail: request@pil-services.com
Skype: info@pil-services.com
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