Austrian Gesellschaft mit beschränkter Haftung (GmbH)

The prefered company structure for an Austrian Company Formation is a Gesellschaft mit beschränkter Haftung (GmbH). A GmbH is a legal entity that is separate and distinct from the individuals who run it. Unlike sole traders and partnerships, the individuals’ personal assets are not at risk if there is a claim against the organisation.

An Austrian GmbH is legally exempt from dividends tax received from a foreign subsidiary and also reduces the tax burden on shareholders by providing access to the large network of double taxation treaties Austria has signed with other nations across the world.

Company Name

All Austrian company names must end with GmbH; we can conduct a company namecheck with the registry to clarify if your chosen name is available. The name can be reserved free of charge for 10 days. Certain words, such as ‘Austria’ are controlled and require permission from the Commercial Register to use.

Registered Office

Austrian companies are required to have a registered office, which must be a physical address in Austria. We can provide a registered address as part of our incorporation service.

Directors

Only a single director is required for an Austrian company formation with no restrictions on the directors nationality or residency.

Shareholders

Only one shareholder is required for an Austrian company formation and this may be the same individual as the company director. Corporate shareholders are allowed.

Share Capital

Minimum share capital for a GmbH is EUR 35,000. At least 50% (€17,500) of the share capital must be fully paid up before incorporation and a bank certificate confirming this status is required upon incorporation.

Timescale

It takes a maximum of two weeks to incorporate a GmbH company in Austria.

Austria Company Formation Fees

We offer an all inclusive Austria Company Incorporation Service

Austria GmbH Company Formation 

  • Reserving your Company Name
  • Obtain the confirmation from the Economic Chamber that the start-up company is really a new enterprise
  • Registration at the local court (Handelsgericht) and Publish an announcement of formation in the Wiener Zeitung
  • A capital transfer tax (Gesellschaftssteuer) equivalent to 1% of the share capital (Stammkapital) must be paid for setting-up the GmbH.
  • The commercial court charges a fee when entering the new GmbH in the business register.
  • Production of the notarial deed (Notariatsakt) and publication of the GmbH-registration.
  • Register trade (Gewerbeanmeldung) with the trade authority (Bezirksverwaltunsbehoerde)
  • Liaise with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • Notarial Work: Presentation of Documents
  • Registering Deeds with the Ministry of Justice
  • Presentation of Deed to the Local Commercial Court
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier
£3000
Additional Services
Company Administration & Registered Office (required)£1600
Company Secretary (if required)£1600
Annual Renewal Fees
Company Administration

  • Provision of the Registered Office in Austria
  • Compliance with local domicile requirements
  • Payment of Government Fees
  • Maintaining statutory records
  • Statutory Due-Diligence
  • 12 months basic consultation
  • Ensuring that your company is kept in good standing through payment of the annual government fee and filing of annual documents
£1600
Maintenance of Director Register£175

 

Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.

Filing Requirements

Filing of annual financial statements is required for all Austrian companies, with the size of the company determining the level of detail required in these statements. Company turnover, assets and the number of employees together determine whether a company is ‘Small’, ‘Medium’ or ‘Large’; a statutory is required for medium or large companies. Annual returns are mandatory for all companies.

Proof of Identity

As part of our due diligence we require proof of identity and address for all directors and shareholders of the company.

Travel

There is no need to visit Austria for the incorporation of the company. Although if the documents are signed in the UK or certain other countries, an Apostille is required for these signatures.

Ready Made Company

Unfortunately we cannot provide ready made companies in Austria.

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