Company formation in Austria, company registration in AustriaCompany formation in 24-48 hours (Limited Liability Company)
Company formation in Austria: Austria company formation with 10.000 EUR share capital
The company formation in Austria can be started with a capital of 10,000 EUR. Austria company formation allows founders to avoid paying the full share capital of 35.000 EUR upfront, thereby preserving additional funds for launching their business operations.
COMPANY FORMATION IN AUSTRIA: GMBH IN AUSTRIA WITH 10.000 EUR SHARE CAPITAL
Company formation Austria provides a range of advantages for both entrepreneurs and established businesses looking to expand into the local market. One key benefit is the ability to start a business in Austria with just 10,000 EUR in share capital in case of a GmbH, significantly lowering the initial financial barrier for startups and small enterprises (In the case of a UG, the share capital can be minimal or even zero. However, according to this also the value and reputation of an Austrian UG are significantly lower than those of an Austrian GmbH.) This approach enables new companies to conserve resources during the early stages of development while they build a solid market presence. It is important to note, however, that within 10 years from the initial company formation in Austria, the share capital must be increased to a minimum of 35,000 EUR. This phased capital requirement provides companies with the flexibility to expand gradually while ensuring a stronger financial foundation as they scale their operations over time.
Company formation Austria: Company formation in Austria with bank account
Opening a bank account in Austria is not required before the company formation in Austria, as you can also deposit the share capital prior to incorporation.
GMBH IN AUSTRIA: COMPANY FORMATION AUSTRIA WITH BANK ACCOUNT
Opening a bank account in Austria is not mandatory before starting the company formation in Austria process, and you can choose whether to open the account before incorporation or only afterward. If you choose to open the account after the Austrian company incorporation, you can deposit the share capital in advance. In this case, a temporary deposit account is established in the new Austrian company‘s name prior to formal registration. This method not only meets legal requirements but also streamlines the incorporation in Austria, enabling a more efficient business setup without the need to travel to Austria solely for bank account opening before registration. Additionally, entrepreneurs can focus on developing their business strategy and operational plans without being limited by administrative hurdles. Moreover, this flexibility is particularly beneficial for international investors, as it simplifies the financial setup and accelerates the overall business launch process.
How to register a company in Austria: Steps of company registration in Austria
The Austria company incorporation is fast and easy and you only need your passport or ID card, tax number and home address.
COMPANY REGISTRATION AUSTRIA: REGISTER A COMPANY IN AUSTRIA IN 5 EASY STEPS
Company registration in Austria is a straightforward and adaptable process. Once you’ve finalized your company name and decided about the directors and owners, we can start to prepare the registration documents. The documents can be signed in person or remotely. Simultaneously or shortly afterward, you can arrange for the payment of the share capital, open a bank account, and also the documents can be submitted to the registry court. Although forming a company in Austria may seem complex, our experienced team is here to guide you through every detail. Whether you’re planning to establish a subsidiary, or a branch office in Austria, or register a company in Austria, our experts will support you at every step.
Setting up a company in Austria
STEP 1:
Find a company name
Choosing the right name for your Austrian business is the crucial first stage of setting up a business in Austria. If you send as at least 1-2 name versions we check if your chosen name is unique and adheres to local naming regulations. This initial step helps establish your company’s brand identity as well. Once you have confirmed the availability and suitability of your company name, you can move confidently into the next formation stages.
STEP 2:
Collecting your personal documents before the company registration in Austria
In the second phase of the company formation in Austria, you will be required to send your personal documents that are crucial for drafting the legal paperwork. These are passport (or European Union ID card), proof of home address, and tax number. Their accurate submission ensures that the legal documents will be prepared correctly and in accordance with Austrian regulations. This step lays the groundwork for the formal legal establishment of your Austrian company.
STEP 3: Preparation of the legal documents
In the third phase, we start to prepare the legal documents of your new Austrian company. Once you’ve sent your personal documents, we promptly start drafting the necessary paperwork. We then email you the completed legal documents for your review before the signing process. This approach ensures that all details are correct and compliant with local regulations, giving you time to verify everything in advance before setting up a company in Austria.”
STEP 4: Official signing meeting
In the fourth phase, you will attend an official signing meeting where you must sign all necessary documents to register a company in Austria. This is a crucial step during the company registration in Austria, as the signed documents will be submitted to the registry court for incorporation. Additionally, you are required to pay the share capital, which can be done either before or after the signing meeting. Completing this step ensures that your company moves forward in the registration process smoothly.
STEP 5: Company incorporation in Austria
The fifth and final phase of the process is the Austria company incorporation. After the signing meeting, the legal documents are submitted to the Austrian registry court for official registration. The incorporation process typically takes around 1-3 days, after which we will provide you with the official certificate of company incorporation in Austria. Once the incorporation is complete, you can proceed with opening a bank account in Austria, either in Vienna or in another city, depending on your company’s legal address.
Open a company in Austria: Benefits of opening a company in Austria
Opening a company in Austria offers several advantages, such as an excellent economic environment, trusted reputation and legal protection
Start a business in Austria: Frequently asked questions about starting a business in Austria
Starting a business in Austria involves various legal and administrative steps, and understanding the essential steps and requirements can help streamline the process.