Description
Company Name
Company names must end with GmbH; we can conduct a company namecheck with the registry to clarify if your chosen name is available. The name can be reserved free of charge for 10 days. Certain words, such as ‘Austria’ are controlled and require permission from the Commercial Register to use.
Registered Office
Austrian companies are required to have a registered office, which must be a physical address in Austria where all official company documents and correspondence may be sent. We can provide a registered address as part of our incorporation service.
Directors
Only a single director is required with no restrictions on the directors nationality or residency.
Shareholders
Only one shareholder is required and this may be the company director. Corporate shareholders are allowed.
Share Capital
Minimum share capital for a GmbH is EUR 35,000. At least 50% of the share capital must be fully paid up before incorporation and a bank certificate confirming this status is required upon incorporation.
There is an Option to file for a privileged share capital of EURO 5000.-
Filing Requirements
Filing of annual financial statements is required for all Austrian companies, with the size of the company determining the level of detail required in these statements. Company turnover, assets and the number of employees together determine whether a company is ‘Small’, ‘Medium’ or ‘Large’; a statutory is required for medium or large companies. Annual returns are mandatory for all companies.
