Company formation in Austria

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Price starts from €5,500

Company formation in Austria attracts foreign investors from all over the world, all thanks to the transparent and flexible company registration process as well as the favorable legislation. Austria is a member of the EU as well as many international organizations such as the World Bank and the World Trade Organization, which guarantees investors that international standards are clearly implemented in Austria.

This jurisdiction is the best option for:

  • Banking
  • Trading
  • Information technology

Benefits:

  • Political, economic and social stability
  • Austria is one of the wealthiest nations in the EU
  • Simple company registration process
  • Convenient location, allowing businesses to have a wider customer base
  • Reliable and efficient public administration system
  • Skilled workforce
  • Reliable legal system
  • Favorable tax system
  • Double taxation treaties with most countries

24%

is corporate income tax rate in Austria

€35,000

is the share capital, 50% of which must be deposited in the local bank before company registration

26th

place Austria takes for ease of starting a business, according to the World Bank

One of the most popular company forms in Austria is a Limited Liability Company (in Austrian - Gesellschaft mit beschränkter Haftung or GmbH)

Procedure for registration a company in Austria

Step 1. Initial Setup:

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration:

  • Getting your company’s name and its activity approved by the Commercial Register
  • Drafting statutory documents of your company (Memorandum and Articles of Association) followed by notarizing them
  • Depositing the statutory capital in the local bank for the future company as a bank certificate verifying this status is required at incorporation
  • Submitting the necessary documents to the Commercial Register
  • Filing for tax registration
  • Registering employees for social security
  • Acquiring the corporate seal
  • Filing for the necessary business permits and licenses, where applicable

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for a GmbH in Austria

Before deciding to set up a new company in Austria, read the information below to understand the characteristics of a Gesellschaft mit beschränkter Haftung:

The type of company is a Gesellschaft mit beschränkter Haftung or GmbH (LLC).

Number of directors/shareholders – minimum of 1 managing director/ 1 shareholder.

Company secretary – no requirements.

Number of employees – unlimited.

Share capital – €35,000, 50% of which must be deposited in the local bank before company registration in Austria.

Liability – the shareholders’ obligations are restricted to the sums paid for their shares.

Accounting – LLC must prepare annual financial statements.

Document requirements:

  • Notarized IDs or passports for shareholders and directors;
  • Residence permits;
  • Work visa.

Taxation in Austria:

Corporate income tax (CIT) rate: 24% (23% as of 2024).

Personal Income Tax (PIT) rate: 0-55%.

Value-Added Tax (VAT) rate: 20% .

Withholding tax rates (WTH) (for non-residents):

  1. dividends – 24% for corporations or 27.5% for other recipients;
  2. interests – 0%;
  3. royalties – 20%.

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information. We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client. The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.