Foreign investors can open a joint stock company in Austria (Aktiengesellschaft/ AG), which is ideal for larger businesses seeking to raise capital through share offerings. A joint stock company has its own legal entity and is responsible for its debts and obligations. Shareholders are only required to fulfill their financial…
Payroll in Austria represents a process that companies and businesses use to recompense their employees, including: calculating the wages, bonuses and benefits of the employed persons. Futhermore, this process of Austrian payroll also ensures keeping accurate records of the payments made to the employees during one working month. If you are…
Startups are among the most employed types of enterprises all over Europe and Austria makes no exception. The flexibility, innovation and the easiness in register a business in Austria provide young and seasoned entrepreneurs the necessary tools to launch successful companies on the background of a solid economy. If you are interested in…
Establishing a branch in Austria (Zweigniederlassung Osterreich) or a branch in Vienna (Zweigniederlassung Wien) is not a very difficult process. The Austrian government is trying to encourage foreign investments by having just a few registration requirements and not having a discriminatory policy for foreign investors. A branch in Austria, even though is not considered a legal…
An investor who wants to open a company in Austria can select the GmbH when opting for a small business. The GmbH is equivalent to the LLC (found in other jurisdictions) in some respects, but completely different in others. The registration and operation of a GmbH in Austria are governed by the GmbH Act (GmbH-Gesetz…
Moving to Austria has many benefits for those who choose this country, as it is one of the most prolific in the entire European Union. There are several ways through which foreign citizens from EU and non-EU states can immigrate to Austria and obtaining a residence permit by investment is definitely one of the most appealing ways of…
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…
With the quality and quantity of the workforce, it would be a good business decision to open a recruitment company in Austria. A recruitment or employment company looks for suitable employees that employers are searching for. An employer may require that a permanent or vacant position must be occupied by the…
