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Austria
Jurisdictions

Location
in Central Europe
Area
83 870 sq. km.
Population
8 174 762
Capital
Vienna
Language
German
Currency
EURO, €
Legal system
based on civil law
Type of company
Stock Corporation (Aktiengesellschaft, AG), Limited Liability Company (Gesellschaft mit beschraenkter Haftung, GmbH)
Minimum authorised share capital
AG – 70,000 EUR
GmbH – 35,000 EUR
Paid-in capital
50% of the share capital prior to incorporation
Minimum number of shareholders
1, individual or corporate, resident or not
Minimum number of directors
one individual, resident or not
Nominee services
available (upon additional agreement with the lawyer)
Bearer shares
available in AG
Public disclosure of information
directors’ and shareholders’ details are entered in the public register (but not in AG); information on the beneficial owner may be kept confidential
Taxation
about 100 taxes and duties, including corporate income tax of 34% (from 2005 - 25%), tax on trade - 13%; VAT – 10-20%, capital transfer tax 1%, etc.
Submit annual return and accounts
yes
Annual audit
required (for GmbH only subject to certain conditions)
Shelf companies

not available

Time to supply documents
4-8 weeks
Need to travel
no (upon additional agreement with the lawyer)
Additional information
Hague Convention 1961 applies;
Double Taxation Convention with Russia signed in 10.04.81

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

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Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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tel.+44 207-002 1304, +44 207-002 1305, E-mail: gsl@gsl.co.uk
G.S.L. Law & Consulting