Company FormationAustria

Austria, the home of Red Bull, is one of the most developed European countries. The country, known for Red Bull and its main castles, has become one of the most influential finance and corporate centers in Europe. Austria has a population of 8 million people and a GDP of more than $469 billion. This makes it the 26th largest economy in the world. Like Switzerland, Austria is also known for its neutrality on global issues.

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Why Register a Company in Austria?

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Member of the European Union

Austria became a member in 1995. This makes it a member of the most powerful union in the world.

Powerful neighbors

Austria neighbors Germany and the Netherlands, which are some of the most powerful EU members.

High standards of life

Austria has one of the highest standards of life in the world. This makes it a good market for financial companies.

Developed infrastructure

Like most EU members, Austria has some of the best road, rail, and air infrastructure in the world.

Government support

The Austrian government has put in place important support mechanisms for local and international businesses. It is ranked at number 27 on the World Bank’s ease of doing business.

Business Entitiesin Austria

As with all countries, there are a number of business entities you can register your business in Austria. These are:

Sole proprietorship

This is the simplest form of business that is common for small traders.

Limited Liability Company

An LLC is a company that transfers liability from the founder to the company. It can be public or private and can have at least one shareholder.

Partnership

This is a company formed by a group of people. A partnership can be general, limited, dormant, and civil law partnership.

Subsidiary or branch

These are global companies that want to establish their businesses in the country.

Steps for Registering a Company in Austria

Registering a company in Austria is relatively easy. The following process is used to register a company in Austria:

You should select a unique business name. This can be in English, German, or Dutch.

After registering a business name, you need to submit documents. The documents that are needed are: memorandum of association, birth certificate or certificate of citizenship, residence permit, residence registration, proof of academic degrees, certificate from and economic chamber.
After you submit documents to authorities, register the
business for tax purposes.

FAQson Registering a Company in Austria

Austria charges one of the biggest corporate tax rates in Europe. It has a corporate tax rate of 25%. Consumers also pay a Value Added Tax (VAT) of 20%. Austria has tax treaties with more than 80 countries.
This depends on the type and size of the company. Sole proprietorships take less than a week. For large companies, it takes less than 4 months to register the company.
A lawyer is not necessary when registering a company in Austria. However, it is recommended that you invest in a good lawyer and business registration consultant in Austria.
Sole proprietorship do not require a minimum share capital. However, other large companies require a minimum share capital of between €35,000 and €70,000.
Yes. We are experts in more than 70+ jurisdictions. Take a look here on all the company formation jurisdictions we offer.
Company Formation Austria

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