{"id":138,"date":"2022-12-22T10:32:58","date_gmt":"2022-12-22T10:32:58","guid":{"rendered":"https:\/\/companyformationaustria.com\/open-a-pharmaceutical-company-in-austria\/"},"modified":"2023-05-17T01:21:31","modified_gmt":"2023-05-17T01:21:31","slug":"open-a-pharmaceutical-company-in-austria","status":"publish","type":"post","link":"https:\/\/companyformationaustria.com\/open-a-pharmaceutical-company-in-austria\/","title":{"rendered":"Open a Pharmaceutical Company in Austria"},"content":{"rendered":"\n<p>People should always invest in their health &#8211; that is why companies have been doing research and development in order to come up with medicines to combat sickness and diseases that are a threat to persons\u2019s health and at the forefront are the pharmaceutical companies. These are companies that come up, improve, produce and sell medicines that cure or improve health. The&nbsp;<strong>pharmaceutical industry in Austria<\/strong>&nbsp;is one of the most promising in the country. Currently, there are 2,259 pharmaceutical companies in the country. You can also be one of the pharmaceutical&nbsp;<a href=\"http:\/\/www.companyformationaustria.com\/why-is-austria-an-attractive-country-for-investors\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>investors&nbsp;<\/strong><\/a>that&nbsp;<strong>set up a company in Austria<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationaustria.com\/open-a-pharmaceutical-company-in-austria\/#pharmaceutical-industry-in-austria\" title=\"Pharmaceutical industry in Austria\">Pharmaceutical industry in Austria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationaustria.com\/open-a-pharmaceutical-company-in-austria\/#how-to-open-a-pharmaceutical-company-in-austria\" title=\"How to open a pharmaceutical company in Austria\">How to open a pharmaceutical company in Austria<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"pharmaceutical-industry-in-austria\"><\/span><strong>Pharmaceutical industry in Austria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Out of the 2,259&nbsp;<strong>pharmaceutical companies in Austria<\/strong>, 10 percent are large companies, while the rest is composed of small and medium businesses. These businesses provide different pharmaceutical products ranging from medical compounds, biotechnologies, biological products, manufacturing, generic brands and herbal products. Medical research has also been one of the primary ventures in the pharmaceutical industry. In 2014, 100 companies invested seventy percent of their revenues for research purposes, primarily on finding cure for cancer and other deadly deseases. In the medical engineering sector, a total revenue of 7.5 billion euros was recorded in 2014. The medical environment in the country is very attractive for businessmen interested to&nbsp;<a href=\"http:\/\/www.companyformationaustria.com\/\"><strong>open a company in Austria<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-to-open-a-pharmaceutical-company-in-austria\"><\/span><strong>How to open a pharmaceutical company in Austria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The pharmaceutical business can be a very lucrative venture. Our specialists in&nbsp;<strong>company formation in Austria<\/strong>&nbsp;have come up with a short guide on how to establish your company.<\/p>\n\n\n\n<p>\u2022 Financing &#8211; A relatively low capital is required when opening a&nbsp;<strong>pharmaceutical company in Austria<\/strong>. This is evidenced by a large number of small and medium enterprises comprising the pharmaceutical industry in the country. The capital requirement will depend on the type of company you will establish. The most common type of business organization is the limited liability company which requires a capital of 35,000 euros.<\/p>\n\n\n\n<p>\u2022 Registration and licensing &#8211; All investors that open a company in Austria must register with the&nbsp;<a href=\"http:\/\/www.companyformationaustria.com\/register-company-austria\"><strong>Local Commercial Court<\/strong><\/a>. The notarized articles of association, among other things, are required. Before the start of operation, pharmaceutical companies must also obtain a license from the Ministry of Health. Our&nbsp;<a href=\"http:\/\/www.companyformationaustria.com\/about-us\"><strong>experts&nbsp;<\/strong><\/a>in&nbsp;<strong>company incorporation in Austria<\/strong>&nbsp;can assist you in having your business registered and licensed.<\/p>\n\n\n\n<p>\u2022 Business location &#8211; Location can affect the operation of your business. The country boasts of suitable locations if you decide to open a&nbsp;<strong>pharmaceutical company in Austria<\/strong>. The country is ranked 4th prosperous member of the European Union and offers companies a beneficial tax scheme.<\/p>\n\n\n\n<p>Pharmaceutical companies are required to comply with the tax and annual reporting requirements in Austria. Our&nbsp;<strong>Austrian accountants<\/strong>&nbsp;provide direct and personalized solutions for these businesses. Our packages include services such as bookkeeping, payroll management and processing, auditing, and tax consultancy. We also offer expert financial reports and analysis upon request.<\/p>\n\n\n\n<p>Don\u2019t worry about the hassle of opening your pharmaceutical business in the country. Our&nbsp;<a href=\"http:\/\/www.companyformationaustria.com\/contact\"><strong>experts&nbsp;<\/strong><\/a>in&nbsp;<strong>company formation in Austria<\/strong>&nbsp;can take care of the process for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>People should always invest in their health &#8211; that is why companies have been doing research and development in order to come up with medicines to combat sickness and diseases that are a threat to persons\u2019s health and at the forefront are the pharmaceutical companies. These are companies that come up, improve, produce and sell [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":90,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8,45,9,53,54,52,12],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open a Pharmaceutical Company in Austria<\/title>\n<meta name=\"description\" content=\"There are certain steps to take when you open a pharmaceutical company in Austria. 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