Types of companies in Austria
- Responsibility
- Minimum capital
- Min. number of shareholders
Generally, recommended for
- Limited liability company (Gesellschaft mit beschränkter Haftung – GmbH)
- Limited
- 10,000 €
1
Private companies
- Cooperative (Genossenschaft)
- Limited
- No
1
Not-for- profit companies
- Partnership (OffeneHandelsgesellschaft – OHG)
- Unlimited
- 10,000€
1
Big companies
- Limited partnership (Kommanditgesell-
schaft – KG) - Unlimited
- 10,000€
1
Big companies
- Registered civil law company(EEG)
- Unlimited
- 10,000€
1
Small enterprises
Corporate tax rate in Austria
In Austria, corporate tax is at 25%.
Questions
Why should I incorporate my company in Austria?
- Thanks to its industrial and tertiary diversification, Austria has an important added value.
- Budgets for research and development are high. 3% of GPD.
- 30% of consumed energy is from a renewable source.
- Austria is an attractive destination for tourists. It is the twelfth country for tourism in the World.
- Current account is high.
Which difficulties can be encountered in Austria?
- The Austrian economy is dependent on Germany, Central and Eastern Europe.
- Multiple layers of power and administration (Landers, municipalities, federation).
- Banking sector is exposed to fluctuations in Central, Oriental and Southeast European countries.
Which are the cultural specificities of the world of work in Austria?
- Most of the time, communication is formal. To call someone the use of “polite form” is required, such as academic titles and surnames.
- Eye contact is expected; it is a mark of respect. Moreover, there must be an important distance between two people during a conversation.
- Hierarchy is well defined and respected rigorously.
- In Austria, business takes time. You have to be patient.
Which are the prerequisite to create a company in Austria?
To create a company in Austria you have to write the statutes, to set up statutes’ legislation with a notary and register in the commercial register.
If I already have a company in another country can I establish a business unit in Austria?
Of course, it is possible to establish a business unit for companies such as GmbH or AG based abroad.
