Lowtax Network

Back To Top

Your Lowtax Account

Austria: Types of Company

Civil Law Partnership (GESNBR)

The Civil Law Partnership consists of two or more individuals or companies who wish to combine their knowledge in a particular sector. All individuals must be competent and qualified in their field. The Civil Law Partnership is not a legal entity in its own right and each individual is jointly and individually liable.

If turnover in any two consecutive years exceeds EUR400,000, the partnership must be entered into the Trade Register and become an Open Partnership (OG). If turnover exceeds EUR600,000 in one year, the same rule applies.



Back to Austria Index »