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Company Registration in Austria
COMPANY
REGISTRATION
IN AUSTRIA
BY- HARSHIT SHARMA
ABOUT BUSINESS IN
AUSTRIA
Austria is one of the richest European countries which is why it attracts foreign
investors from all over the world. With a stable political system and
economy, Austria also offers a skilled workforce which plays an important role in its
development so far.
Among the most sought investment industries are banking, trading and information
technology which play an important role in the development of the country's economy.
The legislation also favors the opening of new companies and foreign investors can
benefit from a transparent and flexible company registration process.
Austria is a member of several international organizations, among which the World
Bank, the World Trade Organization and the Organization for Economic Co-operation
and Development which means that investors can do business here with the guarantee
of the best international standards.
TYPES OF COMPANIES IN
AUSTRIA
Sole Limited
Proprietorshi Liability
p Company
Subsidiary,
Partnership Branch and Representati
ve Offices
SOLE TRADER IN AUSTRIA
The sole trader is the simplest form of doing
business in Austria and it can be established
by natural persons only. There are no share
capital requirements for those who want to set
up this business form, however, they will need
to register their trade name with the
Companies Register in Austria and obtain
certain licenses with the authorities.
LIMITED LIABILITY COMPANY
IN AUSTRIA
Private
Compan Public
y Company
PARTNERSHIPS IN AUSTRIA
General Limited
Partnershi Partnershi
p p
Dormant Civil Law
Partnershi Partnershi
p p
SETTING UP A BRANCH
OFFICE IN AUSTRIA
•It takes very little to be established with the Austrian Trade Register;
•The parent company will be liable for the local branch office’
obligations;
•The requirements for setting up such an establishment are minimum;
•The foreign company is allowed to open a corporate bank account in
Austria;
•The branch office in Austria can be completely owned by the foreign
company.
OPENING A SUBSIDIARY IN
AUSTRIA
DOCUMENTS REQUIRED
FOR STARTING BUSINESS IN
AUSTRIA
Passports or IDs
MOA & AOA
Lease Contract
Information about
Company’s Managers and
Directors
Information about
shareholders
COMPANY FORMATION
TIMELINE IN AUSTRIA
1.The business name reservation takes a few hours and can be completed online;
1.The drafting and notarization of the company’s statutory documents can take up to 2 days;
1.The processing of the documents by the Trade Register can take approximately 6 days;
1.The opening of the corporate bank account can take up to one day;
1.Obtaining the clearance from the Economic Chamber will take one day;
1.The registration with the tax authorities can take up to two weeks;
1.The application for the business license takes less than one day.
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