The GmbH is the most popular legal form in Austria and rightly so. In the following article we will present essential aspects in connection with the incorporation of an Austrian GmbH.
Austrian GmbHs can only operate after a specific trade has been registered with the relevant trade authority. The requirements for obtaining a trade license are sometimes very different.
Extensive and constantly increasing KYC requirements complicate the process of opening bank accounts for foreign natural or legal persons in connection with the establishment of an Austrian GmbH.
In order to get off to a good start in Austria with a newly founded company, there are a few things to consider. Not only on a bureaucratic level, but also on a human level. The Austrian Business Agency – Invest in Austria is specialised in helping founders from the very beginning and supporting them with free, personal advice.
The employment contract regulates the rights and obligations of employees and employers, unless they are stipulated by law, collective agreement or company agreement. The employment contract is the legal basis for the cooperation between employer and employee.
Third-country nationals (=nationals from non-EU countries*) who wish to pursue a professional activity in Austria require a suitable residence title for this purpose. One possibility is the so-called "Red-White-Red Card".