- Ultra-fast company transfer
- All clear - fixed cost - no surprises
- Easy - just pick the company and tell us when you coming
- Good relationship with most important banks
- Unlimited bank accounts - no caps/no limits
- Foreign bank accounts
- physical office arrangement/ staff recruitment & accounting
- tax inspection handling / EORI & GIOS
- WDL Trading / Energy / Electricity / Natural gas trading licenses
Austria, with its 9 million citizens, may be small in terms of size, but its economy ranks in the global top 20, with GPD per capita exceeding $50,000. Since a referendum in 1995, the country has been a member of the European Union. It has also adopted the common currency, euro.
Located in the centre of Europe, Austria maintains strong economic links with its neighbouring countries: Germany, Italy and Slovakia, as well as other European states. It’s largest trade partner outside the continent is China.
In terms of company structure, Austria is home to corporations as well as business partnerships. The most popular vehicle is a limited liability company, or GmbH. The minimum nominal capital for the entity is 35,000 EUR and at least 50% of the amount has to be in the form of cash contribution. In order to establish a company, you need to prepare a Shareholders’ Agreement in the form of a notary deed.
A newly formed company needs to have at least one managing director and one shareholder. Registration with fiscal authorities is required in order to obtain a tax identification number. Companies with more than 300 employees, 50 shareholders or share capital of more than 70,000 EUR are required to appoint a Supervisory Board.
Information on business entities in Austria can be found in Companies Register (Firmenbuch) managed by the Ministry of Justice.
Business entities in Austria pay unified 25% corporate tax. The standard rate of Value Added Tax is 20%, accompanied by lower, 10% and 13% rates that apply to certain categories of goods and services, such as food, newspapers or cultural events. Small entrepreneurs are exempt from VAT if their annual turnover does not exceed 30,000 EUR. Real estate sale entails transfer tax in the amount of 3.5% (but not more than 0.5% of the property value).
Austria is one of the richest countries in Europe and its inhabitants enjoy high standards of living. Political stability, low strike rate, high purchasing power and low unemployment are among the factors that drive the country’s economy. According to the forecasts, Austrian GDP growth in 2019 will reach 1.5%.
Austria is a parliamentary democracy and a federal republic consisting of nine federal states (one of them being the capital city of Vienna). The Parliament is made of two chambers: The National Council and the Federal Council. The head of the government is the Federal Chancellor. The head of state is the Federal President. Since 1995, Austria has been a Member State of the European Union.
Activities of banks in Austria are regulated by the Banking Act and banking laws are subject to EU regulations. Banks, as well as other financial institutions, are supervised by Financial Market Authority. Among the biggest banks in Austria are Bank Austria (Unicredit), Erste Bank and Raiffeisen.
All companies are equal before the law.
A good formation agent is what makes a difference.
ShelfCompanies24.com is one of the leading providers of ready made companies and special purpose vehicles (SPVs) as well as other investment structures delivering outstanding service at very reasonable prices and at highest speed. We have setup and sold hundreds of companies. Our company is considered trustworthy and reliable by our clients as well as by many professional law firms and tax advisers.
What is very unique in our style of operation is the fact that we have our ready made companies already registered in many various countries. All other providers have one address where they keep their shelf companies registered so that client wishing to buy more than one company with different address cannot be satisfied.
Many competitors may be offering lower prices however this always is at the expense of service and provided company quality. Our core activity is company formation and sale of ready made companies thus all members of our team have appropriate professional background. Our shelf companies are formed in accordance to all relevant laws and procedures by the team of qualified and experience professionals and lawyers. On the other hand the maintenance of our ready made companies is performed by licensed and proficient accountants and tax advisers. Therefore our clients can be sure that a shelf company they buy from us is clean, with no debts or tax issues, is formed professionally and its Articles of Association are of high quality.
Our main clients are private investors, traders, law, audit, accountancy and tax advisory firms as well as banks and investment funds. Throughout the years of activity Shelfcompanies24 has been enjoying the reputation of the fastest and most responsive shelf company provider.
Our ready made companies have been formed and maintained by our team. Therefore we always guarantee their quality and that they are debt free, with no trading history and consequently riskless to build new ventures on.
Our services do not finish on the sale of shelf companies or company formation. We provide also many other related and necessary services so that we can be treated as a one stop shop in a business setup in many countries. We are also experts in tailor made company formation as well as compliance and registering various changes within the company like director appointments and dismissals, company name change, share capital increase or decrease, company address change and many other issues.
We also provide tax and legal advisory services that are inevitably required by the businesses. We cooperate with many reputable tax and legal advisory firms whose services we can also recommend when the nature of the problem requires certain field specialist engagement.
For those clients who have a need to present their companies documents in foreign countries we provide apostille and translation services. After company sale documents can simply stay with us for the purpose of their apostille or legalisation and sworn translation to any desired language. This service is mainly required when there is a need to open a foreign bank account for a shelf company.
Furthermore we have agreements with many different accounting offices so that we are able to offer a wide choice of the particular accountant that will be dealing with client’s company. Also in case two or more of our clients are trading partners we can ensure that their books will be handled by separate and independent accountants.
Ultimately we can also support with a procedure of liquidation/bankruptcy of a company if a client wishes to withdraw their business presence. In this case we can either manage the process of liquidation or bankruptcy on client’s behalf or simply just dispose the assets and takeover the company so that the clients can enjoy fast exit.
The company delivered a ready-to-go business, with VAT and EU VAT registration. Paperwork and the whole re-registration process was handled efficiently. I recommend this to anyone looking for a no-hassle company acquisition.
Company name of your choice? Check. Accounting services? Check. Help with tax authorities? Check. Finding a translator? Check. What can I say, these people are great and can help you with just anything.
We needed to start building our presence in Poland fast, and a ready-made company seemed like the best option. We got presented with several location choices, picked the company name, signed some paperwork and were good to go. We got a company that was VAT-registered, with multiple bank accounts, just as we wanted.
Thank you for all the help. Your after-sale support is what sets you apart from the competition. It was important for me to get comprehensive company services at one place, with accounting, banking, tax issues handled for me, etc. I got everything I needed.
I really recommend this website if you are looking for a shelf company in Poland. The companies are already registered, with no history and all documentation in place. This is really a great solution if you want to start your business ASAP. And the range of available post-sale services is just amazing.
Thank you for your support! Your advice was invaluable. Polish tax and legal provisions can really be a pain in the neck, but with your help I am able to get going.
Not only did we need a new company, but also someone to take care of our accounting and compliance. Now, we must say ShelfCompanies24 helped us to transition smoothly into the Polish market. Good work, guys!
The company indeed delivers what it promises. I was able to start business in less than no time, with all the formalities taken care of by a super nice team of people. This is a good stop if you want a ready-made company operating in Poland.
Iwona is a graduate of European Studias at Cardinal Stefan Wyszyński University in Warsaw. At ShelfCompanies24.com Iwona takes care of Customer Service concernig company formation and bank accounts opening assistance.
Adrianna has completed a master degree in law at European School of Law and Administration. At ShelfCompanies24.com Arianna is responsible of customer service, logistics as well as relationships with the banks.