Step by Step Guide to Incorporating in Austria
Select the company name for your GmbH
- The name of the company must end with GmbH to denote limited liability
- A company name check can be carried out free of charge to see if a required name has already been registered.
- We can then reserve your GmbH name for up to ten days.
- You are not allowed to use a name which is either identical or deceptively similar to one that is already used by another corporation.
Select the number of shares each shareholder will have.
- The minimum share capital of a GmbH is €35,000
- Only €17,500 of the total share capital must be paid up before registration.
- There are no share certificates in an Austrian company.
- Valid transfer of the ownership of shares is only possible by means of an assignment before a notary.
Decide who will be the directors of your company.
- Directors may be of any nationality and may reside anywhere.
- Only one director is required. Although there may be several.
- Directors can be residents or non-resident.
Select who will be the shareholders of your company.
- Shareholders may be of any nationality and may reside anywhere
- Only one shareholder is required. This can be the same person as the director.
- Shareholders can be residents or non-resident
- Corporate shareholders are allowed.
Select a Registered Office
A Austrian registered office is required for your company and Formacompany can provide this service.
Features of a Austrian GmbH
- An Austrian company is legally exempt from dividends tax received from a foreign subsidiary. Austria levies no withholding tax on dividends paid to the foreign parent.
- As a member of the European Union (EU), Austria is governed by the provisions of the EU's Parent-Subsidiary directive. Thus, an Austrian holding company which holds at least 25% of the shares of an EU subsidiary can receive dividends from the subsidiary free of withholding tax.
- An Austrian company can access a large network of double taxation treaties Austria has signed with major trading nations around the world.
- A minimum of one director and one shareholder is required for Austria company formation. The shareholder and director can be the same person, and need not be resident in Austria. Corporate shareholders are permitted with Austria company formation.
- It is easy to open global corporate bank accounts to support your Austrian company formation.
- Austria is regarded as one the world’s most competitive economy. It has excellent business advantages including its economic performance, government efficiency, business efficiency and infrastructure.
- A GmbH pays corporate profits tax of 25% on all income. In addition financial statements must be submitted to the Austrian Chamber of Commerce. Formacompany will assist our clients efficiently and effectively to complete this annual statutory obligation.
- A Austrian company formation requires a minimum share capital of €35,000, of which at least half, €17,500, must be paid up in cash.
- A register containing directors and shareholders details is available for public viewing.