Austria is an increasingly attractive country for doing business due to its strategic location in the center of Europe, which provides easy access to the EU and Eastern European markets. The country is notable for its stable economy and highly developed infrastructure, including modern transportation and communication networks. A low level of corruption and a transparent legal system create a positive environment for investors and entrepreneurs. Austria offers a profitable tax system, including a variety of tax exemptions and incentives for foreign investors. Its high level of education and skilled labor force make it an ideal location for companies focused on innovation and technology. Vienna, the capital of Austria, has been repeatedly recognized as one of the best cities to live and work due to its high quality of life and business-friendly environment. The Austrian government actively supports startups and small businesses by providing grants and financial support. Economic stability and access to the European financial market make Austria an ideal location for international operations.

Manimama ensures a seamless company registration process in Austria. Trust us to provide expert guidance and support, so your business can thrive from day one in Austria. Start your journey with confidence, knowing you have the best team by your side.

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Legal Opinion about Austria as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

“Austria is an outstanding choice for business registration due to its strategic location in the center of Europe, which provides easy access to key EU markets. The high quality of life and government support for start-ups make Austria an ideal place to do business successfully. Manimama is ready to help you with business registration in Austria”.

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Choosing a company name
Registered address for 1 year
Company incorporation on-line or within a notary deal
Banking account for the shared capital
Full set of corporate documents after incorporation

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Corporate Services

VAT registration
Apostille corporate documents
Accounting
Local director

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Payment Options

Payment account in EU EMI
Banking account in EU bank
Corporate account on a crypto exchange
Many other options

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Key Numbers about Incorporations

at least 1

director for a GmbH

up to 3-4 weeks

timeline for a company registration

€35,000

minimum share capital for a GmbH

23%

corporate income tax (CIT) rate

0-55%

personal income tax (PIT) rate

20%

value added tax (VAT) rate

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Set up Your Company in Austria in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Getting your company’s name and its activity approved by the Commercial Register
Drafting statutory documents of your company (Memorandum and Articles of Association) followed by notarizing them
Depositing the statutory capital in the local bank for the future company as a bank certificate verifying this status is required at incorporation
Submitting the necessary documents to the Commercial Register
Filing for tax registration
Registering employees for social security
Acquiring the corporate seal
Filing for the necessary business permits and licenses, where applicable

Requirements for Company Formation in Austria

Before deciding to set up a new company in Austria, read the information below to understand the characteristics of a Limited Liability Company (LLC) / Gesellschaft mit beschränkter Haftung (GmbH):

Shareholders: the company must have at least 1 natural or legal person. There are no residency requirements.
Director: GmbH is required to have at least one director and it can only be a natural person. Residency is not considered.
Company secretary: there is no requirement.
Minimum share capital: €35,000, 50% of which must be deposited in the local bank in cash before company registration in Austria.
Legal address: the company is obliged to have its address in Austria.
Liability: enables to limit the liability of participants for the company's debt obligations only to the amount of their investment in the company's capital.
Accounting: the company must prepare annual financial statements. It must be filed with the Commercial Register no later than 9 months after the end of the financial year. In addition, VAT-paying companies submit VAT returns.

Taxes in Austria

Corporate income tax (CIT)

The standard rate of corporate income tax is 23% of taxable income, irrespective of the level of income.
The minimum CIT rate for a GmbH is €500 for the first 5 years of the company's existence and €1,000 per year for the following 5 years.
Corporations with management or a registered office in Austria are taxed with unlimited CIT.
Corporations whose management and registered office are not located in Austria are subject to a limited income tax. The limited tax liability applies only to certain domestic income.
CIT returns must be filed by 30 April of the following year or sent electronically via FinanzOnline by 30 June of the following year.

Personal income tax (PIT)

All natural persons who are domiciled in Austria or for whom Austria is a regular place of residence are taxed with unlimited income tax (“unlimited" meaning that basically all their Austrian and foreign income is subject to income tax). Furthermore, even persons who are not domiciled in Austria can be taxed on certain income generated in Austria.
EU/EEA citizens who are not domiciled in Austria may be subject to unlimited income tax if their main source of income is in Austria.
The PIT rates are as follows:

- €12,816 and below - 0%

- above €12,816 up to €20,818 - 20%

- above €20,818 up to €34,513 - 30%

- above €34,513 up to €66,612 - 40%

- above €66,612 up to €99,266 - 48%

- above €99,266 up to €1,000,000 - 50%

- above €1,000,000 - 55%

Value-added tax (VAT)

The standard tax rate of 20%.
The reduced tax rates are 10% (renting for residential purposes, accommodation in furnished living rooms and bedrooms and the ancillary services often associated therewith (including heating), rental (provision for use) of land for camping purposes, rubbish collection, delivery of books / newspapers / magazines / foodstuffs) and 13% (the delivery of living animals / plants / firewood, turnover from the activity of an artist, film or circus performances, admission fees for sporting events).
Enterprises that make VAT-taxable supplies and provide other services to customers and whose annual turnover exceeds €35,000 are generally required to file VAT returns.

Double taxation avoidance agreements in Austria: Albania, Algeria, Armenia, Argentina, Azerbaijan, Australia, Barbados, Bahrain, Belgium, Belize, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Georgia, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Kazakhstan, Kyrgyzstan, Korea, Kosovo, Kuwait, Latvia, Libya, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Macedonia, Mexico, Morocco, Moldova, Mongolia, Montenegro, New Zealand, Nepal, Netherlands, Norway, Qatar, Pakistan, Philippines, Poland, Portugal, Romania, Russia (suspension of the double taxation agreement by Russia), San Marino, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, Spain, South Africa, Sweden, Switzerland, Syria, Tajikistan, Taiwan, Thailand, Tunisia, Turkey, Turkmenistan, United Kingdom, Ukraine, United Arab Emirates, United States of America, Uzbekistan, Venezuela, Vietnam.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Austria:

Expertise in Austrian Regulations

1. Manimama has an in-depth understanding of Austria's legal and regulatory framework.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with Austrian laws.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

What are the benefits of incorporating a company in Austria?

Austria offers access to the Central European market, a stable economic and political environment, a favorable tax system and a highly developed infrastructure.
How to register a GmbH in Austria?

In order to incorporate a GmbH, it is necessary to prepare the founding documents, choose a company name, appoint directors and shareholders, pay the share capital and register the company in the Commercial Register.
What is the minimum authorized capital for a GmbH?

For a GmbH the minimum authorized capital is €35,000.
How long does it take to register a company in Austria?

Usually the incorporation process takes up to 4 weeks.
Do I need to be present in Austria to register a company?

Personal presence is not required.
Can I register a company with foreign founders and directors?

Yes, foreign citizens can be founders and directors of companies.
What is the minimum number of shareholders required to register a company?

A GmbH requires a minimum of one shareholder.
Is a local office required for company registration?

Yes, every company must have a registered office in Austria.
How to choose a name for a company in Austria?

The name must be unique and not be the same as the names of already registered companies. It must also comply with legal regulations and not be misleading.
What are the financial reporting requirements in Austria?

Companies are required to keep accounting records, prepare annual financial statements and submit them to the Commercial Register.
How does Austria's EU membership provide benefits for business?

Austria's EU membership offers access to the European single market, simplified trade and capital movement procedures, as well as support from European programs and funds.

Semen Kaploushenko

KUNA, CBDO

“The resolution of my issue was quick and hassle-free. I recommend them to anyone looking for reliable and responsible lawyers”.

Vadym Grusha

Trustee Wallet, CEO

“I express my sincere gratitude to the whole team of the Manimama OU for the brilliantly executed work”.

Yuriy Soshenko

WhiteBit, CLO

"You can feel that there are real professionals working here, genuinely interested in the success of their clients”.

Manimama as the Best Solution for Your Company Formation in Austria

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Austria, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Austria and pave the way for your business success.