Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Your Profits Grow Sky High.

Weekly Tip 4 #Location Austria: Stumbling blocks in expanding to Austria

© Julius Silver

Appointing a statutory manager is the pre-requisite for obtaining a business license in Austria. This regulation applies to sole proprietorships, registered business partnerships (general partnerships – OG and limited partnerships – KG) and legal persons, for example corporations (limited liability companies – GmbH, joint stock companies (AG), and cooperatives (Genossenschaft). What is important for countries outside of the EU is that the statutory manager not only has to have the requisite professional qualifications but also a valid residence permit in Austria. “Entrepreneurs should get precise information as to what the statutory manager may decide and what responsibilities he has”, says Friedrich Schmidl, Director for Northern Germany at ABA-Invest in Austria. In any case he or she is responsible to the relevant trade authority for ensuring the company’s compliance with trade law regulations including ancillary laws (e.g. opening hours, price labeling and training). The statutory manager bears responsibility to the company for ensuring that his job is done professionally and properly. Tip from Friedrich Schmidl: “With the appropriate qualifications, the managing director under commercial law can also serve as the statutory manager.”


For more tips also check:

 

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Doing business in Austria

    20.11.2018, Žilina, Slovakia

  • Meet us at: Go Tech Arena Forum

    20.11.2018, Moscow, Russia

Austria Map

Find the perfect location for your company

The "mental closeness" of Austria to its neighbours is an important advantage for establishing new business contacts.

Ericsson Austria

Logo
More testimonials

news from the business location Austria

Med University of Graz: New center for metabolism research

The kick-off for the Integrative Metabolism Research Center at the Medical University of Graz took place.

Startup Hotspot Austria

The Austrian government expects its Land of Founders strategy to enhance the entrepreneurial spirit and the courage to set up companies. The objective is to transform Austria into the most founder-friendly country in Europe. The initiatives have already borne fruit. The startup scene in Austria has been experiencing a strong boom over years now.

More news All blog posts