How to open a company in Austria
A
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Types of Companies in Austria
• Private Limited Liability Company • Stock Corporation • Limited Partnership • Open (General) Partnership • Silent Partnership • Civil Law Partnership
Private Limited Liability Company (GmbH)
• This type of company can be formed by one person having a minimum capital of 35.000 EUR
• The shareholders should contribuate with a minimum share capital 7000 EUR
• The shareholders are liable to the extent of their contribution
• The company must be registered with the Austrian Trade Register
• The Shareholders, or directors are not required to be nationals
Stock Corporation (AG) • This type of company can be established by one or
more persons
• The shareholders should provide a minimum capital of 70.000 EUR
• The supervisory board must consist of at least three persons
• The shareholders do not have any liability
• The company's capital consist on the contributions of the shareholders.
Limited Partnership (KG)
• This type of company can be formed by two or more persons, or corporations.
• This type of company should have at least one general partner who is fully liable to the company`s obligations, one partner is a limited partner
• The company must be registered with the Austrian Trade Register
General Partnership • This type of company is established by two ore more
individuals
• This company both shareholders are are general partners
• The shareholder should provide a proof of competence in the activity domain of the company, at least one of them
• The company must be registered with the Austrian Trade Register
Silent Partnership
• The shareholders are united by an agreement who invest in a company
• The silent shareholders in this company are not involved in the operation of the entity
• The registeration with the Austrian Trade Register is not necessary
Civil Law Partnership
• This type of company is recommended to individuals
• This company is not legal entity in its own right which implies that civil law partnership does not require complex administrative procedures
Steps for company formation in Austria
• providing utility bills as proof of address
• providing passport copies of the shareholders and board members
• setting-up a bank account for the injection of the share capital
• submitting the company registration file with the Trade Register in Austria.
Requirements for Company Formation in Austria
• Any person of any nationality or residence can be shareholder in Austrian company
• The Board of Directors should be comprised of at least two members
• The company must hold a local registered office • The company should obtain a VAT number
Services Provided for Company Registration in Austria
• drafting the Articles of Association
• offering a Registered Office in Austria
• setting up a share capital bank account
• recommending an accountant in Austria
Thank you for your attention
Please contact us for more information at
Ph./Fax: (+44)203-287 0408
www.companyformationaustria.com
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