Weekly Tip 5 #LocationAustria: Mistakes to avoid when expanding to Austria

© Julius Silver

Consultants must know both sides!

When establishing a company in Austria, let yourself be advised by experts who can demonstrate both their professional know-how about Austria and your country of origin.

When setting up a company in Austria, you should be exclusively advised by specialists whose professional know-how encompasses both Austria and your country of origin. This particularly applies to areas such as tax law, labor regulations, administrative law and landlord-tenant laws.

Mind the language!

In any case, your tax consultant, lawyer and property consultant in Austria should also have a solid understanding of the legal situation in your home market and be familiar with the specialized terminology. In this way you can ensure that you will benefit from sound and objective consulting services with prospects for success. One more thing to remember is that specialized terminology, for example in Austrian administrative law, is frequently used only in Austria. For this reason, an experienced “translator” is necessary.

For more tips also check:

• Weekly Tip 4: Statutory manager - a must in Austria
• Weekly Tip 3: Negotiating salaries
• Weekly Tip 2: Comprehensive market overview
• Weekly Tip 1: Focus on strategy first