Public Limited Company in Austria
We understand that the incorporation process is only the beginning of a new business’s challenges; as a result, we offer a comprehensive range of services to assure your company’s smooth operation.
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Public Limited Company registration conditions
Our legal experts will assist you in the incorporation process. To be incorporated as an AG, a company must have at least one director, one shareholder, a legally registered address in Austria, and at least €70,000 in share capital, of which at least 25% must be paid before registration. A statutory auditor is required of an AG, as is the submission of complete financial statements to tax authorities.
Timeline
The registration process with the IRS can take up to two weeks. A business license application takes a few hours to complete and a total of seven weeks.
Fees
The average charge for an Austria engagement is €14,920, which covers all government fees as well as company formation and obtaining a local corporate bank account.
Compulsory regulation
The Austrian PLC, also known as an AG in Austria, is the legal entity recommended for entrepreneurs seeking financing to list on the Vienna Stock Exchange Market. For incorporation, the minimum share capital of €70,000 is required, with at least 25% of the total sum payable at the start of the process. One shareholder and director must be nominated, whether they are foreigners or locals.
AGs, like LLCs, are required to register for value-added tax if their yearly turnover exceeds €30,000 and to employ a statutory auditor.
Our legal experts will guide you through the incorporation process.
Documents
To complete the process, you will need to present the following documents:
- Directors and stockholders must have notarized passports or identification cards,
- The company’s legal documentation,
- A lease agreement with a local address for the company’s Austrian office,
- Documentation for managers and directors, such as copies of passports, identification cards, residency permits, and so on,
- Information on the distribution of shares among shareholders
- Details of an Austrian bank account.
We help you prepare all the necessary documents needed for setting up your company.
Consultation about Public Limited Company registration
Our guidance services for registering a Public Limited Company are tailored to assist you with all aspects of setting up your business in Austria. Our experienced advisors will help you with everything from preparing the initial paperwork to acquiring the required permits and registrations, ensuring a seamless and effective process. We offer personalized support on legal obligations, share capital, and corporate formation to assist you in making well-informed decisions that are in line with your business objectives.
Ownership management
Managing the ownership of a Public Limited Company can be difficult but is extremely important. Our services involve dealing with changes in ownership, overseeing beneficial owners, and managing ownership transfers. We make sure that all ownership changes are documented correctly and adhere to current regulations.
Corporate structure changes
As your business grows, your corporate structure may also need to adapt. If you require modifications such as changing directors, updating nominee information, or making other structural adjustments, we offer thorough services to help facilitate these changes in a seamless and efficient manner.
Share capital management
Proper management of your company’s share capital is crucial for its financial well-being. Our services can assist you in adjusting, decreasing, selling, or transferring share capital while ensuring that all actions are conducted accurately and in compliance with legal regulations.
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