Austria, officially the Republic of Austria, is a federal republic and a landlocked country of over 8.5 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. Located in the heart of Europe, Austria is perfectly positioned to take advantage of the development and enlargement of the EU. Thus Austria was and still is the place to be for multinational companies, especially to establish their EMEA headquarters using Austria as a bridge between Western and Eastern Europe.
Austria is an attractive business destination with strength in areas such as banking and finance, precision engineering and biotechnology. The Austrian economy is relatively robust, even in times of economic crisis. In comparison to other countries Austria is an easy country to start a business. Austria has a well-established legal system and provides full legal certainty. The country makes starting a business easier by reducing the minimum capital requirement, which in turn reduces the paid-in minimum capital requirement and lowers notary fees.
Our core areas of expertise
TMF Group Austria provides a one-stop shop for all of your compliance needs in Austria. We can help you with everything from setting up the most appropriate type of entity, to ongoing management, accounting and tax, corporate secretarial, payroll and HR services. We work from the top level right down to the basics of compliance such as setting up compliance deadline schedules, exercising corporate health checks and helping your staff with visas and immigration.
Starting a business in Austria? We can provide you with guidance in dealing with construction permits, getting electricity, registering property, obtaining credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labour market regulation.
Whether you are starting out, enjoying business as usual or winding down, TMF Group's Austrian offices can help you through your company's entire life cycle. Our in-country teams with local knowledge have the backing of a group with global reach, helping you to do business seamlessly across borders.