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?
What are the minimum capital requirements for an Austrian company?
The minimum paid up share capital of a LLC in Austria is €10,000 of which €5,000 must be paid up into the corporate bank account before incorporation.
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%. Unless reduced by a tax treaty or the EU parent-subsidiary directive, an additional 25% withholding tax applies on dividends paid to non-residents.
Does an Austrian company benefit from Double Taxation treaties?
Yes, Austria has a large network of double taxation treaties.