Land of music composers. Haydn, Mozart, Schubert, Liszt, J. Strauss, Mahler, and Bruckner. Maybe Austrian air makes you want to create?
If yes, then it’s time to create a company in Austria NOW!
Basic Information About Austria:
The Republic of Austria is a federal republic consisting of nine federal provinces, which are located in Central Europe.
Area is only slightly larger than the Czech Republic, and its population is 8.6 million.
Austria is a very popular tourist destination, even for Czech citizens. In the winter are snowy slopes and in summer the beautiful countryside. Vienna is the top tourist destination in Austria.
Austria is a member of the European Union, the UN, the Council of Europe, the eurozone and the Schengen area.
Why starting business is Austria?
Austria is one of the most developed countries of the European Union.
With its long tradition of free markets and entrepreneurship among the countries with the best appreciation of the World Bank and business registers
Since Austria is our neighbor to the south,it is interesting for Czech citizens, especially the Region, as a suitable destination, where to expand their business activities.
Although the tax and legal environment in Austria is not the simplest, a stable business environment, law enforcement and more accommodating approach of the authorities makes it a perfect jurisdiction.
Most often used companies in Austria GmbH (Gesellschaft mit beschränkter Haftung), which is very similar to the Czech limited liability company.
The company is responsible for its liabilities in the amount of paid-up capital, which in Austria is 35 000 and is among the highest in the EU. A cash deposit must be paid at least 50% of the share capital to a bank account in the development of society.
For the establishment of the company only one shareholder and one director are required
In Austria, it is necessary to have a registered address, but you can use a virtual office, less expenses!
The tax rate on corporate income in comparison with the Czech Republic higher, 25%. Moreover, there is a rule minimum tax must be paid even if the company will not profit. GmbH amounts to 1 750 EUR per year and AG 3 500 per year. The rate of value added tax in most cases is set at 20%, but in addition there is also a 10% reduced tax that applies eg. For foodstuffs, tourism services and others. Obligation to sign up to pay value added tax occurs at achieving an annual turnover of 30 000 EUR.
Austria is for serious business only. Incorporate in Austria NOW!
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