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Company formation in Austria

What should third-country nationals do if they want to start a business in Austria? Your teamV will be happy to help!

You should first have a decent idea and a sound plan, just like with any other business start-up. a strategy that guarantees the long-term viability of your company, enabling you to provide for your family and yourself from the beginning (minimum required)! In this sense, writing a business strategy can be quite beneficial. For business founders, there are several types of residency permits available: The first is the Red-White-Red Card for key self-employed individuals, which is difficult since a commission looks at your business plan and determines whether your enterprise can also assist Austria macroeconomically.

Establishing a limited liability company (LLP) is an alternative, but you should first think about the managing director(s) and shareholders of the LLP. We are able to assist you with this procedure. Access to this kind of company formation has been made much easier, even for founders with less resources, starting January 1, 2024, when the capital requirements were drastically lowered from EUR 35,000.00 to 10,000.00. You can apply for one of the current work and residence permits for employees in Austria if you are an employee of this company or even a managing director (with or without a maximum 25% stake in the business).

It is also possible that a foreign business could open a branch or other business entity in Austria. As an alternative, you can apply for a startup founders' residence and work permit if your proposal exhibits a high level of innovation (items, services, processing techniques, technologies, etc.). This gives access to particular