Company Formation in Austria
Step-by-step guide to company formation in Austria: Process, costs, legal forms (GmbH, AG, OG), business registration, and commercial register entry. Professional consultation in Vienna.
Why Establish a Company in Austria?
With its central location in Europe, political stability, highly qualified workforce, and tax benefits, Austria offers ideal conditions for successful business operations. Below, we explain the main reasons for establishing a company in Austria and the advantages this country offers entrepreneurs.
Stable Economy
Austria ranks among the leading European countries in terms of economic indicators, with a low unemployment rate and high living standards. Economic growth is steady, while inflation is under control, contributing to market stability. Furthermore, Austria has a transparent legal system and regulations that promote entrepreneurship and protect entrepreneurs' rights.
Access to EU Market
One of the greatest advantages of establishing a company in Austria is its strategic location. As a member of the European Union, Austria allows entrepreneurs unrestricted access to one of the largest and most developed markets in the world. Thanks to modern infrastructure and developed logistics networks, Austria is an ideal hub for business with Western, Central, and Southeastern Europe.
Favorable Taxes
Austria offers numerous tax benefits for entrepreneurs and investors, meaning you can optimize operating costs and increase profitability. Key advantages include: Reduced corporate tax, R&D incentives, VAT exemption for small businesses, and startup support.
Simple and Fast Company Formation Process
One of the main advantages of doing business in Austria is the fast and efficient company formation. The company registration process in Austria can take just a few days, and for a GmbH (limited liability company), the procedure typically takes between 5 and 15 business days.
Business Benefits
Austria is known for its stable business environment, offering numerous opportunities to entrepreneurs and investors. With its strategic location in the heart of Europe, excellent infrastructure, and access to the EU market, Austria is an ideal location for establishing and developing a company. Doing business in Austria means benefiting from a high standard of living, political stability, and a strong economy that promotes innovation and growth.
Legal Security
Stable legal regulations and a transparent business environment provide security for investors and entrepreneurs.
Qualified Workforce
Highly qualified and multilingual professionals support the success of your business.
Favorable Tax System
Competitive tax rates and numerous incentives make Austria attractive for businesses.
Incentives and Subsidies
Various funding programs and financial support for startups and established companies.
In addition to financial support, Austria also offers mentoring programs, accelerators, and networking events that help entrepreneurs develop and scale their businesses. Doing business in Austria comes with many advantages – from a stable legal system and highly qualified workforce to favorable tax conditions and access to the European market. With government subsidies and support for startups, Austria ranks among the best locations in Europe for establishing and developing a company.
Which Legal Form Can You Choose in Austria?
Choosing the legal form is one of the most important steps when establishing a company in Austria. Each form has its own characteristics regarding liability, required capital, and tax obligations that can significantly impact your business and the future development of your company.
With the right choice of legal structure, you can optimize tax obligations, protect personal assets, and facilitate business according to Austrian legal frameworks. Some forms are better suited for small businesses and freelancers, while others are adapted for larger companies and investors.
Our experts will help you choose the most suitable legal form for your business, taking into account your specific needs, long-term goals, and the industry in which you operate.
GmbH
The most popular legal form in Austria, suitable for medium and large companies. Share capital is at least €10,000 for new companies (or €35,000 regular). GmbH enables limited liability for owners, protecting personal assets.
Sole Proprietorship
The simplest and most commonly used legal form for small entrepreneurs and freelancers. Registration is quick and simple, but the owner bears unlimited personal liability for business debts.
Branch Office
Foreign companies can open a branch in Austria without having to establish a separate legal structure. Ideal for companies that want to operate in Austria but don't want to establish a completely new company.
The choice of legal form is crucial for the long-term success of a company in Austria. Before making a decision, it is advisable to consult a legal or tax advisor to select the optimal business model.
Step-by-Step Guide to Company Formation in Austria
Establishing a company in Austria can be a straightforward process when you follow all legal and administrative procedures. This guide helps you understand the key steps required to legally establish a company in Austria.
Professional advice on legal and financial aspects of company formation in Austria. Our experts help you choose the optimal structure for your business.
Common Mistakes in Company Formation in Austria
During the process of company formation in Austria, many entrepreneurs face challenges that can slow down or complicate the process. Knowing common mistakes can help you avoid them and ensure a successful business start.
Wrong Choice of Legal Form
Each legal form has its advantages and disadvantages regarding liability, capital, and tax obligations. Choosing an unsuitable form can lead to unnecessary costs and complications.
Read more
Incomplete or Incorrect Documentation
Austrian authorities require precise and complete documentation. Errors or omissions can significantly delay the registration process and lead to additional costs.
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Ignorance of Tax and Legal Obligations
Lack of understanding of local regulations can lead to non-compliance, penalties, and legal problems. Knowledge of the specifics of the Austrian tax system is particularly important.
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Lack of Capital for Business Start
Underestimating the required startup capital is a common mistake. In addition to the legal minimum for founding, it is necessary to plan funds for operating costs in the first months of business operation.
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Improper Bookkeeping
Austrian accounting standards are strict and require precise record keeping. Irregularities can lead to problems during tax audits.
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Obligations After Company Registration
Company formation is only the first step. After successful registration, the company has a series of regular obligations that must be fulfilled according to Austrian regulations. Timely and accurate fulfillment of these obligations is crucial for successful business operation.
Bookkeeping and Tax Reporting
Austrian law requires precise bookkeeping and regular submission of financial reports. Depending on the legal form and company size, different accounting standards and reporting deadlines apply.
Employee Registration and Social Security
Before starting work, all employees must be registered with the relevant social security institutions. The employer is obliged to calculate and remit contributions to health, pension, and unemployment insurance.
Payment of VAT and Other Taxes
VAT-liable companies must regularly (monthly or quarterly) file VAT advance returns and pay VAT. In addition, there are other tax obligations such as corporate tax, wage tax, and local levies.
Reporting to Government Institutions
Companies are obliged to report regularly to various government institutions, including the Chamber of Commerce (WKO), the Statistical Office, the tax administration, and other regulatory authorities, depending on the field of activity.
How can ambicon help with company formation in Austria?
ambicon offers comprehensive support for entrepreneurs and companies looking to establish a business in Austria. Our team of experts will guide you through the entire process, from initial consultation to the successful launch of your company. With our experience and knowledge of the local market, we ensure that your entry into the Austrian market is as simple and efficient as possible, with minimal risks and maximum support.
We provide comprehensive advice on selecting the optimal legal form, cost planning, and strategic business planning. Our team analyzes your specific needs and creates an individual plan for your company formation.
We handle the creation and certification of all required documents, including articles of association, business registration, and commercial register entry. You receive all necessary documents professionally prepared.
We support you in opening a business account, depositing share capital, and setting up your accounting systems. Additionally, we help with registration at the tax office and social security.
Required Documentation
When establishing a company in Austria, certain documents and information must be prepared. These documents are required for legally establishing a company and ensure that all business activities comply with Austrian laws.
Personal Documents
Passport or ID card
Birth certificate
Residence permit (for non-EU citizens)
Company Documents
Founding certificate
Company charter
Meeting protocols
Company Formation Costs in Austria
The costs for company formation in Austria vary depending on the legal form, size, and type of activity of the company. It is important to plan these costs in advance to avoid financial surprises. Here are the main costs to consider when establishing a company in Austria:
Kostenart
Betrag (€)
Share Capital (for GmbH)
Legally required minimum capital for new companies, of which at least half must be paid before registration
10,000 EUR
Notary Fees
Costs for notarial certification of founding documents
1,500 - 2,500 EUR
Business Registration
Costs for registering a regulated trade
60 - 400 EUR
Commercial Register Entry
Fees for entry in the commercial register
300 - 500 EUR
Professional Consultation Costs
Fees for legal and tax consultation during the formation process
1,000 - 3,000 EUR
Bank Account Fees
Costs for opening and maintaining a business account
0 - 200 annually
Chamber of Commerce Membership Fees
Mandatory fees for members of the Austrian Chamber of Commerce
100 - 500 annually
Accounting Software and Services
Necessary software and services for financial management
500 - 2,000 annually
Trademark Registration (optional)
Fees for protecting brand name and logo
350 - 700 EUR
Website Creation and Hosting
Costs for developing and hosting the company website
500 - 5,000 EUR
* The amounts stated are indicative and may vary depending on specific circumstances
Frequently Asked Questions
Answers to the most common questions about company formation in Austria
No, you can register your company by power of attorney through an authorized representative. However, personal presence is often recommended for opening a bank account, as banks may conduct additional identity checks.
Contact Us
Our team of experts is available to answer all your questions about company formation and business operations in Austria
Contact Information
Address:
ambicon GmbH Dresdner Strasse 47/3. OG A-1200 Vienna Austria
Phone:
+43 1 908 19 99
Email:
office@ambicon.at