Europe Emirates Group can help you start your business in Austria
Citizens from any country can form a company in Austria under the GmbH limited format with the process taking around 14 working days.
The person(s) forming the company are required to provide photographic ID proof of residency along with company information such as the name of the director, address, birthdate and nationality.
The names and addresses of shareholders for the company must also be provided. Company residential address proof must also be submitted in the form of a three-month-old (or less) utility bill or bank statement.
A history of the company prior to establishment in Austria and description of company activities is also required. The company will then have to prepare a NEUFO and a notary public must be engaged to prepare the Articles of Association.
Documents at formation must include the notarised declaration that the company has been established, declarations from bankers that minimum cash deposits have been made, the Articles of Association and signatures from the managing directors that document the formation tax has been paid, along with confirmation from the tax authorities.
This precedes trade licence issuance, with the information then sent to the tax authority.
The tax authority requires:
- An opening balance sheet
- An ID for the managing director
- Signatures of company representatives
- The Articles of Association
- An excerpt from the companies register
Once completed, the information is given to the relevant municipality.
Shareholders do not have to be Austrian residents. There must be one shareholder, but the director of the company may also perform this role. Corporate shareholders are permitted for GmbH organisations. The company must also have a registered office.