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Business Start-Up

Business Start-Up

Start-Up Subsidy Law (Neugründungsförderungsgesetz)

There are certain fees that are required in order to found a company. However, if a start-up meets a number of requirements according to the so-called Neugründungsförderungsgesetz (start-up subsidy law) certain fee exemption might be applicable.

A start-up might be exempt from the following fees:

Industrial Law (Gewerberecht) 

In Austria there are trades for which you need some sort of certificate of qualification. Especially, if the nature of work requires skilled labour (e.g.: a mechanic or a carpenter) you will need a business licence. The qualification which is needed depends on the type of business.

General requirements for a business licence:

If you establish a corporation or a partnership, there must be one managing director who holds the right to pursue this trade (i.e.: a carpentry must have at least one fully qualified carpenter as its managing director).

Sole proprietors need to have a licensed managing director if they do not fulfil the requirements themselves.

There are a lot of unrestricted trades for which you do not need any qualifications, for example any kind of trading. 

 
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