|
|
Austria
| Location | Central Europe. |
| Time Zone | Greenwich Mean Time +1. |
| Population | 8,200,000. |
| Capital | Vienna. |
| Airport | Vienna, Linz, Salzburg, Graz, Klagenfurt, Innsbruck. |
| Language | German. |
| Currency | Euro. |
| Dialing Code | +43. |
| Centre's Expertise | Tourism, high-tech, biotech, financial services. |
| Political System | Republic. |
| Legal System | Civil law. |
| Personal Income Tax | Progressive tax rate (up to 50% when tax base exceeds 51,000) numerous exemptions and tax incentives. |
| Corporate Income Tax | Flat 25%, capital gains (cross-border) and inter company dividends (domestic and foreign) tax exempt, far-reaching group taxation system (domestic and foreign losses of sub´s tax deductible). |
| Exchange Restrictions | None. |
| Tax Treaties | More than 80 including Belize, Barbados, Cyprus, Malta, Liechtenstein and San Marino. |
| Permitted Currencies | No restrictions. |
| Minimum Authorised Capital | GmbH (company with limited liability) €35,000. AG (stock corporation) €70,000. Private foundation €70,000. |
| Minimum Share Issues | One (AG, GmbH). Foundation has no shares, only beneficiaries. |
| Shelf Companies | Hardly available. |
| Incorporation Time Scale | One week. |
| Incorporation Fees | Articles of Association €2,500–€4,000. Notary €1,500–€3,000. Registration fees app. €400. Capital duty 1% of paid in share capital. |
| Annual Fees | Minimum corporate tax €1,750 credited against later corporate tax, can be carried forward for indefinite time. |
| Minimum Number | One. |
| Residency Requirements | No. |
| Corporate Directors | No. |
| Meetings/Frequency | As required / discretionary. |
| Disclosure | Yes. |
| Bearer Shares | No. |
| Minimum Number | One. |
| Public Share Registry | Yes. |
| Meetings Frequency | As required / discretionary resolutions can be on mail basis. |
| Annual Return | Obligatory for both trade law and tax law purposes. |
| Audit Requirements | AG (stock corporation) and foundations: obligatory. GmbH: depending on size, obligatory if: employees are more than 250, asset´s value is more than €12.5m and turnover is more than €25m in two consecutive years. |
| Registered Office | Required. |
| Domicile Issues | n/a. |
| Company Naming Restrictions | Only necessary that the name of a company has to be clear and distinctive, it is NOT necessary anymore that the purpose of the company is reflected in its name. |
|