Large business setup in Austria
Starting a large company requires thorough preparation and hard work, as well as consideration of unique challenges and factors that come with launching a corporation. We should explore the benefits of launching a large company in Austria and how our tailored solutions can support your success.
The process of setting up a large business
Starting a big business in Austria is similar to starting a small or medium-sized business, but it generally takes more time and resources because of its size and complexity. The steps involved in this process are as follows:
Choose a business name
It is important that the name of a business is distinct and not currently being used by another company. To determine if a name is available, it can be verified on the Austria Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your big company. We offer expert advice on Private Company Limited by Shares (GmbH), Public Limited Company (AG), Branch Office, Holding Company to help you make an informed decision that suits your needs and goals.
Set up legal address
Establishing a legal address is crucial at the beginning of a business, as it acts as the primary contact point for government entities, legal bodies, and significant business communications. Selecting a legal address that complies with local laws and aligns with your business needs is essential.
Get the necessary paperwork ready
We have a group of specialists who will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will handle the submission process on your behalf.
Open a bank account
We will support you throughout the process of opening a bank account, ensuring that your company follows all regulations and selecting a trustworthy financial institution for your account in Austria.
Company registration
We take care of the registration process with authorities such as Trade and Companies Register and tax authorities, freeing you from the administrative hassle. This ensures that your business is officially recognized and compliant from the beginning.
Setup accounting
In order to effectively start a major business, it is necessary to keep precise financial records. Our group of accounting professionals can assist in implementing efficient accounting and bookkeeping procedures that adhere to Austria’s laws.
Large business examples
Large companies are present in various industries and sectors, each with unique requirements. Below are some examples of large companies:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Austria
Austria is an attractive choice for setting up a large business, as it provides numerous benefits:
Strategic location
Austria is an appealing option for businesses seeking to expand in Europe due to its steady economy, favorable business policies, and opportunities for establishing a presence in manufacturing and services in central Europe. The country’s advantageous position, well-educated workforce, and adherence to the rule of law offer numerous benefits for companies looking to take advantage of its thriving market.
Favorable tax regime
Austria has a corporate income tax rate of 23% and offers incentives for research and development, along with tax credits for certain investments. The country is recognized for its steady economy and high quality of life.
Banking
Austria’s established banking industry offers stability and a range of financial services, appealing to investors looking for wealth management and secure banking options.
Our Large business setup solutions
We understand that your time and resources are valuable. This is why we offer two convenient options to streamline the company formation process.
Business formation online
By utilizing the Austria-provided online platform, individuals have the opportunity to start and finalize the process of setting up a business from any location globally. The option to track advancement, deliver necessary paperwork, and make the most of our services via secure digital channels guarantees a seamless and user-friendly experience.
Business formation remotely
If you want a more hands-off approach, we are able to manage all the necessary paperwork for you. Our team of experts will handle all the required formalities and paperwork, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us
Contact us now to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.