Austria: Types of Company
Stock Corporation (AG)
The Stock Corporation (Aktiengesellschaft) can be set up by one or more persons. Start-up capital of EUR70,000 is required. The founding members appoint the executive board members who in turn select an executive representative. A supervisory board of at least three members must also be appointed; all appointments must be notarised. The business name must refer to the type of business and suffixed by the letters AG. The company becomes a legal entity once it has been entered into the Trade Register.
As it is a legal entity in its own right, liability rests solely with the company, and not with the shareholders.