Registration fee is from 10000 €
Registration period — 3-5 weeks
Minimum authorized capital - 35 000 EUR
Remote opening — no
Financial statements — yes
The Republic of Austria is a federal state in Central Europe. The capital is the city of Vienna. In 1955, Austria declared its permanent neutrality and non-alignment with any military blocs, and today the country is an active member of the UN and the EU.
Maira Consult recommends using a company registered in Austria as a holding, financial or investment company to manage assets and property, as well as to carry out trading activities, provide logistics and transport services in Europe, and provide consulting and professional services.
Austrian law allows the possibility of registering a GmbH with a preferred share capital. In this case, the minimum amount of the authorised capital for the first 10 years of the company's existence is EUR 10,000, and after 10 years, the authorised capital must be increased to EUR 35,000.
The members (shareholders) of a GmbH are not liable for the company's obligations and bear the risk of losses associated with the company's activities only to the extent of their shares in the charter capital of the company. However, in the case of a GmbH's bankruptcy, the shareholders are jointly liable for the company's debts with all their assets. Also, if an Austrian GmbH takes out a loan, the company's shareholders are personally liable for it.
Start a business in Austria with professional support! We will help you register a company or open an enterprise of any format - be it an offshore or onshore organization. Our experts will provide consultations and services on all aspects of doing business in Austria, from registration to management. Open a company in one of the most stable economic regions of Europe quickly and easily - with us!
1
Possibility to open an account in Austrian banks
2
Tax benefits for new companies for 5 years
3
Developed economy of the EU country
4
Stable currency and high reputation
Austrian law allows two types of companies that are most interested for registration: a limited liability company (GmbH) and a joint-stock company (AG). The most popular type of Austrian company is a limited liability company (GmbH).
The name of the company must end with a word, phrase or abbreviation that indicates the form of the company: for example, "GmbH", "AG".
The minimum share capital for a GmbH is 35,000 EUR. There is a requirement to pay share capital.
At least one individual, no residency requirements. For the convenience of working with the Austrian authorities and to confirm that the GmbH is a tax resident of Austria, it is recommended that the company's director be an Austrian resident.
At least one individual or legal entity, no residency requirements.
GmbH companies are required to prepare and submit annual financial statements (financial year from 1 January till 31 December). The financial statements must be filed with the register no later than 9 months after the end of the financial year. An audit of the activities of an Austrian GmbH may be conducted at the request of the shareholders. An audit is mandatory if two of the following criteria are met 1. The total assets of the company exceed EUR 4.84 million 2. Turnover exceeds EUR 9.68 million 3. The number of employees exceeds 50 people.
Austria acknowledges a legal entity as its tax resident if it is controlled and managed from Austria and if the legal entity is registered in Austria. The income of a legal entity derived from any type of business activity, as well as from capital gains and passive investments, is subject to taxation. For GmbH companies, corporate tax (income tax) is levied for the reporting financial period and is 25%. The minimum tax for GmbH companies is EUR 1,750. For newly established GmbH companies, the minimum tax for the first 5 years is EUR 500 and EUR 1,000 for the following 5 years. The standard VAT rate is 20%.
The state register is open, information about the director, shareholder, and the size of the company's share capital is publicly available. The register of beneficiaries is open for public access.
The most convenient form of company for a foreign founder (non-resident) is a limited liability company (GmbH). To register a company in Austria, you must first make a request to the Trade Register of Companies to verify the name. As soon as the name is confirmed, corporate documents are being prepared.
Each business participant must provide a passport and proof of residence address (utility bill). Information on the authorized capital of the GmbH company is also provided at this stage.
Before registering an Austrian company in the Commercial Register, a shareholders' meeting is held in the presence of a notary public in Austria and shareholders sign the statutory documents. Further a GmbH account is opened in an Austrian bank and the amount of the share capital is deposited. After the bank confirms that the amount of the share capital has been credited, the documents for the registration of the GmbH are submitted to the Commercial Register.
The minimum authorized capital of a GmbH is EUR 35,000. Before starting registration, it is necessary to pay at least 50% of the authorized capital. After registering the company in Austria, the amount of the authorized capital can be used for the needs of the company.
The process of registering a company in Austria generally takes 3 to 5 weeks from the date of receipt of the required set of documents and depending on the workload of the Commercial Register.
As soon as a company is registered in Austria, the registry issues ready corporate documents with the appropriate stamps.
If necessary, the documents of the Austrian organization are transferred for legalization and affixing of the apostille.
Originals of corporate documents of an Austrian company are sent by courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207