Austria: Types of Company
Private Limited Liability Company (GMBH)
The Limited Liability Company (Gesellschaft mit beschränkter Haftung) is the most common business structure in Austria. The share capital must be at least EUR35,000, half of which may be in kind but at least EUR17,500 of which must be in a bank account. The minimum contribution for each shareholder is EUR7,000.
One person can set up and be the shareholder of a Limited Liability Company. Shareholders are liable up to the level of their investment. The company must be entered into the Trade Register. The business name can refer to either the name of one of the shareholders or the nature of the business, but the founders may also chose a fictitious name.