Mag. Balazs Esztegar LL.M.
Attorney-at-law Vienna

Piaristengasse 41/10
1080 Vienna, Austria
Tel. +43 1 997 4102
Fax +43 1 997 4102-99

Attractive conditions make establishing a business in Austria a viable option

Discover Germany, Austria & Switzerland, Ausgabe 22, Januar 2015, page 60

Due to recent changes in Austrian corporate law, the formation of a limited liability company in Austria (Gesellschaft mit beschränkter Haftung - GmbH) has become an interesting and fairy cheap way to start a business. These  conditions  are  the  result  of recent amendments to Austrian corporate law that allow business developers the option to make a small initial cash contribution of minimum EUR 10.000,00 and maintain this for 10 years.

Mag. Balazs Esztegar LL.M., attorney-at-law in Vienna, explains the advantages of this founding privilege in the January 2015 issue of "Discover Germany, Austria & Switzerland".