🇦🇹 Company formation

Company Formation in Austria: Types, Taxes and Costs

Forming a company in Austria takes roughly one to three weeks and centres on the GmbH or the new FlexCo (Flexible Kapitalgesellschaft), the startup-friendly company introduced on 1 January 2024. Both need EUR 10,000 of capital (at least EUR 5,000 paid in cash), a notarial deed and entry in the commercial register. Corporate tax is a flat 23%, standard VAT is 20%, and the whole process can be done online by video notarisation with no residency requirement for the director.

Last updated June 2026 · 6 min read

Austria at a glance

Austria is one of the EU jurisdictions founders most often use today, especially while the EU-wide 28th Regime (EU Inc) is still a proposal. Below are the verified essentials: company types, tax, capital, timing and whether you can set up remotely.

Company types in Austria

  • GmbH (Gesellschaft mit beschränkter Haftung) The most common private limited company. Minimum capital EUR 10,000 (at least EUR 5,000 paid in cash), formed by notarial deed and entered in the commercial register (Firmenbuch).
  • FlexCo / FlexKapG (Flexible Kapitalgesellschaft) A flexible company introduced on 1 January 2024 for startups: the same EUR 10,000 capital, plus enterprise-value shares for employee equity, fractional shares from EUR 1, and easier share transfers.
Company formation in Austria: key facts (last reviewed June 2026)
Corporate tax Flat corporate income tax (Körperschaftsteuer) of 23% on profit, down from 24% in 2023. A minimum corporate tax of EUR 500 per year applies to a GmbH or FlexCo since 1 January 2024.
VAT rate Standard VAT (Umsatzsteuer) is 20%, with reduced rates of 13% and 10% (for example food, books, cultural events and accommodation).
Minimum share capital EUR 10,000 for both the GmbH and the FlexCo (reduced from EUR 35,000 on 1 January 2024), of which at least EUR 5,000 must be paid in cash. The per-shareholder minimum is just EUR 1 for a FlexCo. An AG requires EUR 70,000.
Setup time Typically about 1 to 3 weeks: a notarial deed (online or in person), depositing the cash capital and obtaining a bank confirmation, then entry in the commercial register (Firmenbuch), which the court usually completes within 1 to 10 working days.
Remote setup Yes. The notarial deed can be signed fully online in a video call with a qualified electronic signature, so non-resident founders can incorporate without travelling to Austria.
Director / residency At least one managing director (Geschäftsführer) is required, with no residency or nationality requirement. A local address for correspondence is useful, and certain regulated trades need an EEA-resident trade-license manager.
Banking options A business account is needed to deposit the cash contribution and obtain the bank confirmation for registration. Common banks are Erste/Sparkasse, Raiffeisen, Bank Austria (UniCredit) and BAWAG; fintechs (N26, Wise, Revolut) are used for daily banking.
Our formation service from around €100 to €200 (estimated). You get a fixed quote in your free plan before you commit.

On 1 January 2024 Austria cut the GmbH minimum capital from EUR 35,000 to EUR 10,000 and launched the FlexCo for startups, which allows employee enterprise-value shares with tax deferred until exit. Incorporation can now be done entirely online by video notarisation.

How to register a company in Austria

The process is straightforward and, in Austria, largely digital. In outline:

  1. Choose your company type and name. Most founders pick the GmbH (limited); we confirm the name is available.
  2. Verify your identity. Yes. The notarial deed can be signed fully online in a video call with a qualified electronic signature, so non-resident founders can incorporate without travelling to Austria.
  3. File the incorporation. Once documents are signed, registration usually completes in around 1-3 weeks.
  4. Open a business account and register for tax/VAT. A business account is needed to deposit the cash contribution and obtain the bank confirmation for registration. Common banks are Erste/Sparkasse, Raiffeisen, Bank Austria (UniCredit) and BAWAG; fintechs (N26, Wise, Revolut) are used for daily banking.

We handle each step with licensed local counsel, so the paperwork, registered address and filings are done correctly the first time.

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Form your Austrian company in days

Tell us where you live and what you are building. Our formation service starts from around €100 to €200 (estimated); we confirm the right structure for Austria, give you a fixed quote, and form the company with licensed counsel.

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Who can form a company in Austria

Founders from outside the EU can own and run an Austrian company, with the cross-border requirements handled for you. We flag any residency or local-agent rule for Austria up front, so there are no surprises.

Austria and the 28th Regime (EU Inc)

EU Inc, the proposed 28th Regime, would let you register one company valid across all 27 EU member states. It is not law yet (expected around 2027-2028), so an Austrian company is one of the ready options you can use today. Forming an EU company now also positions you to adopt EU Inc later, as we cover in how to prepare an EU Inc company. To weigh Austria against other countries, see company formation in Europe.

Frequently asked questions

Can a foreigner open a company in Austria?

At least one managing director (Geschäftsführer) is required, with no residency or nationality requirement. Foreign founders can own the company from abroad, and we handle the cross-border steps, from identity checks to filings.

How long does company formation in Austria take?

Registration usually takes about 1 to 3 weeks once your documents are ready. You get a firm timeline for your own case in your free plan.

What corporate tax does a company in Austria pay?

Corporate tax is 23%, and standard VAT is 20%. We confirm the exact rates for your activity before you commit.

Can I form a company in Austria remotely?

Yes. Formation in Austria can be done without travelling: we verify your identity online and file everything for you.

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