Business Administration in Austria

Overview by Globlatrade.net:

Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Gesellschaft mit beschränkter Haftung (GmbH) is a Private Limited Company.
 
 
Minimum 35,000€. 50% totally subscribed and released at the creation.
Minimum 2 partners.
1 member for a sole proprietorship GmbH.
 
 
Partners' liability is limited to the amount contributed.
Certification of the declaration of establishment: EUR 1,000 - 1,500. Registration at the local Court: EUR 202. Register with trade authority - no charge if exemption is granted otherwise stamp duty varies depending on the type of trade. 
Aktiengesellschaft (AG) is a Public Limited Company.
 
 
Minimum 35,000€. 25% totally subscribed and released at the creation.
Minimum 2 shareholders
 
 
Partners' liability is limited to the amount contributed.
Certification of the declaration of establishment: EUR 1,000 - 1,500. Registration at the local Court: EUR 202. Register with trade authority - no charge if exemption is granted otherwise stamp duty varies depending on the type of trade. 
Offene Handelsgesellschaft (OHG) is a general partnership company.
 
 
No minimum capital.
Minimum 2 partners.
 
 
Partners' liability is joint and several for social debts.
Certification of the declaration of establishment: EUR 1,000 - 1,500. Registration at the local Court: EUR 202. Register with trade authority - no charge if exemption is granted otherwise stamp duty varies depending on the type of trade. 
Kommanditgesellschaft (KG) is a limited partnership
 
 
No minimum capital.
Two types of partners: active partners and sleeping partners.
 
 
Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.
Certification of the declaration of establishment: EUR 1,000 - 1,500. Registration at the local Court: EUR 202. Register with trade authority - no charge if exemption is granted otherwise stamp duty varies depending on the type of trade. 
 
Business Setup Procedures
The registration request must be made with the Trade Register of the court where the company is located. The company is set up as soon as the statuses, as a company in process of formation, are signed. However, the registration grants the legal entity.
The Competent Organization
Office of the Commercial Register
Search a Company or a Financial Report
ABN Lookup, available information provided by businesses.
Compnet, Looking for a company (in Deutsch)

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Working Conditions

Legal Weekly Duration
40 hours
Retirement Age
60 for women and 65 for men.
Working Contracts
The employment contracts in Austria are regulated by the Employment Contract Law. However terms & types of such contracts are governed by the collective bargaining agreements ("Kollektivvertrag"). A non-EU person needs to obtain a work-permit before entering into an employment contract.

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Cost of Labor

Minimum Wage
No legally mandated national minimum wage
Average Wage
2,117 euros by  month (ILO data)
Social contributions
Social Security Contributions Paid By Employers: Pensions (12.55%), sickness insurance (3.83%), unemployment pay (3%), housing fund (0.5%), severance fund(1.53%).
Social Security Contributions Paid By Employees: Pensions (10.25%), sickness insurance (3.82%), unemployment pay (3%), housing fund (0.5%).

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Social Partners

Social Dialogue and Involvement of Social Partners
The law allows the workers to form and join unions. Collective bargaining is protected in law and is freely practiced. Nearly 80% percent of the labor force worked under a collective bargaining agreement. There are nearly 9 national unions which are part of the Austrian Trade Union Federation (OGB)
Unions
Austrian Trade Union Federation (OGB)
Unionization Rate
36% in the year 2007.
Labor Regulation Bodies
Federal Ministry of Labour & Economic Affairs

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