2016

Austria

Brief country overview

Prepared by Start Global

Start Global — opportunities abound

№30

Ease of doing

business

(1-189) 2014*

Inflation 2014

1.5% Paid in minimum

capital requirement USD 5 706

Required share of

capital USD 11 411

Time up to 3 weeks

LLC Incorporation

service from USD 4771**

LLC incorporation

Austria has well-developed market economy

*An index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Data in Doing Business 2014 are current as of June 1, 2013

**Includes reserving the Company Name; registration at the local court (Handelsgericht) and publish an announcement of formation in the Wiener Zeitung; production of the notarial deed (Notariatsakt) and publication of the

GmbH-registration; register trade (Gewerbeanmeldung) with the trade authority (Bezirksverwaltunsbehoerde); liaise with the local registrar and relevant authorities; structuring the company as per your requirements; prepare

Company Registration Forms; drafting the Articles of Association/Statutes; notarial fees

Sources: IMF, CIA, oanda.com, World Bank Group, www.languageknowledge.eu, www.ef.com, investinaustria.at, austria.usembassy.gov, www.austria.info

Average growth

rate of real GDP

until 2020

1.2%

GDP 2014, USD

437bln

Austrians take punctuality for business

meetings very seriously and expect that you

will do likewise

Rank and title are very important in business

Business is conducted at a slow pace. Be

patient

Appointments should be made 3 to 4 weeks

in advance

Languages spoken in Austria: German 97%

(official), English, French, Italian and others

Level of English proficiency: high

Business culture

features

2

Austria

Start Global — opportunities abound

Machinery and equipment manufacturing is the most developed industry

Production value in the most developed industries and CAGR (2010-2014), %

3

*Includes the manufacture of basic iron and steel; basic precious and other non-ferrous metals and casting of metals

**Includes the manufacture of motor vehicles, trailers and semi-trailers

***Includes the manufacture of structural metal products, tanks, reservoirs and steam generators: manufacture of weapons and ammunition: manufacture of other fabricated metal products and metalworking service activities

except machinery and equipment

Source: Eurostat

Fabricated metal

product

manufacturing***

18.26 bln USD

5.1%

19.57 bln USD

5.5%

Manufacture of

basic metals*

27.21 bln USD

6.4%

Machinery and

equipment

industry

19.87 bln USD

Food

industry

5.6%

18.31 bln USD

Motor vehicles

manufacturing**

5.9%

Austria

LOCAL PRESENCE

IN COUNTRIES

11+

CLIENTS

40+

INDUSTRIES

20+

CUMULATIVE

YEARS OF

EXPERIENCE

25+

Coverage of Start Global

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