Open a Subsidiary in Austria

Introduction to setting up an Austrian subsidiary

Establishing a subsidiary in Austria is much the same as forming a company in terms of requirements. The New Companies Promotion Act (NeuFöG) supports new businesses setting up in Austria by helping to moderate the cost of formation. Forming a subsidiary in Austria is favourable for foreign investors as its geographical position is well positioned as a step towards successful trading in Eastern Europe and the Balkans.

 

What are the main formalities of an Austrian subsidiary?

  • The minimum share capital required is €35,000
  • The Memorandum & Articles of Association of the subsidiary
  • The resolution of the parent company detailing its decision to form the subsidiary

The documents shown above must be filed with the Austrian Commercial Register in order for the subsidiary to be registered.

All required documents must be officially notarised, apostilled, and translated into German by a sworn translator.

 

What are the accounting requirements of an Austrian subsidiary?

The subsidiary must register its business activities with the Austrian Ministry of Finance – Bundesministerium fur Finanzen, and obtain a tax ID number within a month of being established.

As the subsidiary is a separate entity from the parent company its financial accounts must comply with the Austrian Commercial Code (UGB). Audited annual accounts and either monthly or quarterly VAT returns must be submitted.

If the parent company resides outside the EU a fiscal representative may need to be assigned.

Please visit our partners Accountancy In Europe for further information on accountancy services and tax rates in Austria.

 

Subsidiary Formation Packages

Our team are experienced with the process of subsidiary formation and provide a subsidiary formation package to help you negotiate the requirements and complexities involved. We organise services such as the set up and tax registration of the subsidiary, guiding you through the completion of the process with expert ease.

 

For further information on Austrian subsidiaries, please contact us using the form below.

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The information and any commentary on the law contained on this website is provided for information and guidance purposes only. Every reasonable effort is made to make the information and commentary accurate and up to date, but no responsibility for its accuracy and correctness, or for any consequences of relying upon it is assumed by Open A European Company, its directors , employees or associated websites.

The information and commentary on Open A European Company’s site does not, and is not intended to amount to legal advice to any third party on a specific case or matter. You are strongly recommended to obtain specific, direct legal advice from professional advisers whether these be your own advisers or those that appear on the OpenAeuropeancompany.com site. You should consider taking advice both in the country in which you are domiciled and in the country in which you are seeking to open a company. and not to rely on the information or comments on this site.

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