Frequently Asked Questions About Austria

The following are some of the most frequently asked questions about Austria company incorporation:

How difficult is it to open a corporate bank account for an Austrian company?

What is the minimum number of directors required for an Austrian company?

Is a resident director required?

What is the minimum number of shareholders required for an Austrian company?

Are shareholder/director details available for public viewing?

What are the minimum capital requirements for an Austrian company?

Is an Austrian company required to submit an annual return and/or financial statements?

How much tax does an Austrian company pay?

Does an Austrian company benefit from Double Taxation treaties?

How difficult is it to open a corporate bank account for an Austrian company?
It is very easy to open a corporate bank account with a reputable international bank in the Austria.

What is the minimum number of directors required for an Austrian company?
An Austrian LLC needs a minimum of one director .

Is a resident director required?
A resident director is not required for an Austrian LLC.

What is the minimum number of shareholders required for an Austrian company?
An Austrian LLC requires a minimum of one shareholder. Corporate shareholders are permitted.

Are shareholder/director details available for public viewing?
Yes.

What are the minimum capital requirements for an Austrian company?
An Austrian LLC requires a minimum share capital of €35,000 (approximately US$44,000).

Is an Austrian company required to submit an annual return and/or financial statements? 
An Austrian company is required to submit annual financial statements to the Austrian Chamber of Commerce.

How much tax does an Austrian company pay? 
An Austrian LLC is liable to pay a corporate tax of 25%. In addition Austria levies no withholding tax on dividends paid to the foreign parent.

Does an Austrian company benefit from Double Taxation treaties? 
Yes, Austria has a large network of double taxation treaties.

For more information on any of our Austrian corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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