A
prosperous and
sophisticated
business centre
and a traditional
trading bridge
to Eastern Europe
and the Balkans,
Austria actively
welcomes foreign
investors. Setting
up a company
here is physically
very easy. However
there are important
procedural issues
to contend with.
REQUIREMENTS
A
company
with limited
liability(GmbH)
is usual
form of
company
in Austria
Minimum
share capital
is €35,000,
of which
at least
half, €17,500,
has to be
paid up
in cash.
At
least one
shareholder
will be
required.
At
least one
managing
director,
who does
not have
to be an
Austrian
citizen
or resident
in Austria
will be
required.
Audit
and disclosure
requirements
may be necessary.
FEES
Company
formation,
bank account
set up and
VAT registration:
£4,178.90
ex.VAT.
TIMESCALES
Company
formed in
approximately
four weeks
based upon
receipt
of all relevant
documents
ACCOUNTANCY
Quote
based upon
approximate
number of
monthly
invoices
and projected
annual turnover.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
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