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Austria

Austria Flag

Country: Austria
Region: Europe
Currency: Euro (EUR) (€)
Languages: German
Time Zone: UTC +1

Phone Code: +43

Communications: Good

Formation Cost: 5000 - 11000 USD$
Formation Time: 11 - 18 days
Maintenance cost: 1000 - 4000 USD$

Executive Summary: Austria has traditionally had close links with Eastern Europe, and has attracted signficant numbers of companies from the region since the collapse of the Soviet Union. Approximately 67% of the Austrian workforce are employed in the country's service sector, although industry accounts for around 27% of the workforce, and argiculture the remainder. As might be expected from a country with such a developed service sector, the standard is high, and the workforce generally well educated. The Vienna Stock Exchange showed a return to form in 2012 after a poor performance in the two years preceding, with the leading index, the ARC of the Vienna Stock Exchange, rising by around 28%. The most commonly used business form is the Limited Liability Company, although a number of other structures exist, including the Sole Proprietorship, the Association, the Commercial Cooperative, and the European Joint Stock Company. Corporate income tax is imposed at a rate of 25% (and capital gains tax at the same rate). The standard rate of VAT is 20%. Austria has 83 tax treaties in place at the time of writing.

Suitable for: Wealth Management, Treasury Management, Banking, Fund Management, Shipping, Yachting, E-commerce, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, sole proprietorships, branches, general partnerships, limited partnerships and civil law partnerships

Capital primary business districts: Vienna

Good Relationships: Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Pakistan, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Heavy

Headline tax rates: CIT 25%, PIT 20.44%-50%, VAT 20%

Treaty Jurisdictions: Albania, Algeria, Armenia, Australia, Azerbaijan, Bahrain, Barbados, Belarus, Belgium, Belize, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Kazakhstan, Korea, Republic of, Kuwait, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Mongolia, Morocco, Nepal, Netherlands, New Zealand, Norway, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Tajikistan, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam

TIEA Jurisdictions: Andorra, Gibraltar, Guernsey, Jersey, Monaco, Saint Vincent and the Grenadines

Information Links:

 

 

 

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