As the use of cryptocurrencies has become more popular, financial authorities have started to express their opinion on their use and, in some cases, supervise or regulate them. Presently, there is no mandatory crypto exchange license in Austria in this form, however, registration requirements are in place, and they can be seen as…
The import and export industry in Austria plays a very important role in the country’s economy. In 2016, the country’s recorded imports accounted for 12,123 million euros, while its exports amounted to 11,840 million euros. Austria’s economy is highly dependent on its trade relations with other countries, particularly members of the European Union. Out…
The workforce in Austria is one of the reasons why many businessmen are attracted to the country. Not only is the workforce highly skilled, but it is also very motivated. The Austrian workforce is composed of around 4.4 million persons and 40 percent of it are females. If you plan to open a company in…
A virtual office is a service offered by our company formation agents that allows companies to retain a physical address in the country, without the need for permanent presence at the said location. Just like any other service, it can be tailored to the specific needs of the client. Quick Facts Address availability…
Until a few years ago, franchises weren’t very popular in Austria. However, the large number of local brands seeking to expand has made it possible for businessmen to consider grating the rights to use the name of the company to other enterprisers interested in setting up an Austrian company based on an existing and successful…
Retail is one of the most prolific Austrian industries and foreign investors take advantage of the high purchase power of the population, as well as of the geographical proximity with Germany when deciding to open companies in this industry here. Austria is made up of both urban and remote rural areas, which can be a great…
One of the most secure types of investments in Austria is to open a store. Investors have several choices when it comes to setting up shops in Austrian cities, among them opening companies which sell fast-moving consumer goods and electronics are quite successful. They have become even more successful since the number of business…
With a powerful economy and considered one of the main beneficiaries of foreign direct investments from countries around the world, Austria continues to develop a suitable environment and adopt varied incentives meant to attract even more investments in the country. The Commercial Code in Austria serves the same conditions of investment to both local and foreign entrepreneurs, making no…
Trust funds are known as common investment plans where individuals, who in this case are called settlers, can protect their assets and transfer them to the family members at a certain point or period, whether there are movable possessions or not. Foreigners in Austria can establish trusts or private foundations, considering the rules and regulations…
Austria has one of the most advanced healthcare systems in world, according to various reports. The healthcare industry contributes with up to 11% to the Austrian economy on a yearly basis and, according to the Ministry of Health, this sector rose by 5% annually in the last 20 years. With close to 300 hospitals where…
