Austria

Austria has one of the most economic systems in the world. It is one the richest countries in the world in a terms of GDP per capita. Even though Austrian most important industry is tourism, they are giving high importance to export of metallurgical products and textile. It also has high living standard.

Corporate tax VAT
25% 20%

Limited liability company

GmbH

Minimum Share capital

35000 EUR, min to pay 17500 EUR

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

 

Bank signatory must travel

Yes

Timescale for company formation

30 days

Timescale for bank account opening

7 days

Timescale for obtaining VAT number

7 days

Statutory audit requirements

No

Annual tax return

Yes

Shelf companies available

Yes

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