Start a business in Austria quickly
The most common company type in Austria is GmbH (Gesellschaft mit beschränkter Haftung) literally “the limited company”.
Most important about this type of company is that its liability towards the debtors is limited to the amount of its basic capital. Currently is the minimal amount of the basic capital 10.000 €.
This basic capital must be on company’s disposal but it doesn’t mean that it cannot be used. Company might use it on its behalf and might invest it. For example it can be used for:
The Companies law orders the founders to invest at least 50% of basic capital value to the bank account before the registration of the company with Companies Register. This means that 5,000 € must stay on the special company´s bank account during the registration procedure.
When incorporating an Austrian limited company the following requirements must be taken care of:
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we will be happy to provide you with more information.