Contact us
Eurofinanzza Services
Who we are
Offshore Introduction
Incorporating Offshore
Why Going Offshore
Why and when should I use Offshore
How to select an Offshore Jurisdiction
Structure of an Offshore Company
The Offshore for US Citizens
Going Offshore - Quick Answers
FAQ
Offshore Applications
Tax Planning – UK Citizens Working Abroad
Offshore Tax Planning Solutions - Musicians
Asset Protection
Estate Planning
Panama as a Banking Centre
The Best Banking Centers in the World
Overseas Jurisdictions
General information
Australia
Australia - Company Formation
Australia – Register a Branch of Foreign Corporation
Australia Company Formation - Incorporation Fees
Australia – Foreign Investment Regulation
Australia - Banking System
Australia – Financial Services Licensing Regime
Belize
Incorporating in Belize
Advantages to incorporate in Belize
Belize IBC Incorporation Fees
Setting up a Trust in Belize
Trust in Belize - Incorporation Fees
Mutual Funds in Belize - Incorporation and Fees
Bank Formation in Belize
International Insurance Licenses in Belize - Incorporation Fees
British Virgin Islands
Incorporating in BVI
BVI - Guarantee Company Formation
BVI - Offshore Mutual Funds
BVI - Incorporation Fees
BVI - License Fees
Canada
Canada incorporation - Introduction
Canada - For non Profit Corporations
Canada - Taxation
Canada - Incorporating in British Columbia
Canada - Incorporating in Nova Scotia
Canada - Real Estate Use of Offshore Companies
Canada - Offshore for Canadian Citizens
Canada - Incorporation Fees
Cayman Islands
Cayman Islands - Tax Exempted Company - Compliance Information
Cayman Islands - Incorporation Fees
China
China Business Services Overview
Doing Business in China - Forms of Entities
China - Representitive Office
Advantages of Hong Kong Holding Structure
China JV and WOFE Memorandum
Cook Islands
Cook Islands - General Features
Cook Island - Compliance and General information
Cook Islands - Wealth Protection Law
Cook Islands - Private Trustee Companies
Cook Islands - Trust Incorporation
Cook Islands
Cook Islands - Trustee Company - Incorporation Fees
Cook islands - Anonymous Confidential Tax Planning Asset Protections Structures
Cook Islands - Anonymous Confidential Structures
Cook Islands - Trustee Company - Incorporation Fees
Costa Rica
Costa Rica - Compliance Information
Costa Rica Double Taxation Treaties
Costa Rica -E-Gambling Corporation
Costa Rica - Incorporation Fees
Gibraltar
Incorporating in Gibraltar
Gibraltar - Tax Exempt vs. Non-Resident Companies
Gribraltar - E-commerce
Gibraltar Incorporation Fees
Trust in Gibraltar
Trust Formation in Gibraltar – Incorporation Fees
Hong Kong
Incorporating in Hong kong
Hong Kong Company Requirements & Formation Procedures
HK Non Profit Organization Charitable Institution
Hong Kong - Double Taxation Treaties
Hong Kong Taxation
Hong Kong – Double Taxation Agreement with Mainland China
Hong Kong Incorporation Fees
Opening Corporate Bank Account in Hong Kong
India
History of India - Overview
Investing in India - Country Incentives and Policy
Company Formation in India - Compliance Information
Taxation System in India
Company Formation in India - Incorporation Fees
Registration of Licensed Online Pharmacy
Isle of Man
Incorporating in Isle of Man - Limited Liability Company
Incorporating in Isle of Man LLC - Incorporation Fees
Jersey
Jersey Offshore Company incorporation
Trust formation in Jersey
Trust Formation in Jersey Islands – Incorporation Fees
Incorporating in Jersey – Tax Exempted Company – Incorporation Fees
Madeira Islands
Madeira Offshore - an International Business Centre
Incorporating in Madeira Islands
Taxation and Tax Treaties
Madeira - Incorporation Fees
Madeira - Links and Downloads
Mauritius
Mauritius Offshore Incorporation
Mauritius GBCII – Incorporation Fees
Nevis
Nevis - Company Formation
Nevis - Corporate Structures
Nevis - Limited Liability Company
Nevis - Trust Formation
Nevis - Offshore Bank Formation
Nevis LLC – Limited Liability Company – Incorporation Fees
New Zealand
New Zealand - Jurisdiction Information
New Zealand Look-Through Companies (LTC)
New Zealand - Company Statutory Information
New Zealand - Company Limited by Shares - Incorporation fees
New Zealand Foreign Trust - Overview
New Zealand - Incorporation of Foreign Trust
New Zealand Foreign Trusts - Incorporation Fees
How to Incorporate your New Zealand Asset Protection Structure
New Zealand Financial Services Company
New Zealand Finance Companies – FSP Licensed - Registration Fees
Offshore Banking Software for Financial Institutions
Links, Resources, International Compliance and Banking Regulations
Panama
Panamanian IBC
Panamanian IBC - Incorporation Fees
Trusts & Foundations - General Overview
Panamanian Trusts
Panamanian Trusts - Incorporation Fees
Panamanian Private Interest Foundations
Panama – Private Interest Foundation – Incorporation Fees
Panamanian Financial Corporations - Formation and Fees
Panama – Mutual Funds and Investment Corporations
Panama - Offshore E-commerce Solutions - Services and Fees
Seychelles
Incorporating in Seychelles
Incorporating an IBC in Seychelles – Incorporation Fees
St. Vincent & Grenadines
St. Vincent & the Grenadines – Jurisdiction Information
Advantages to incorporate in St. Vincent & the Grenadines
St. Vincent & the Grenadines – IBC Incorporation
St. Vincent & the Grenadines – Trust Formation
St. Vincent & the Grenadines – Mutual Funds
St. Vincent & the Grenadines – Offshore Bank Formation
St. Vincent & the Grenadines – Insurance Companies
St. Vincent & the Grenadines – Legal and Taxation Regime
St. Vincent & the Grenadines – IBC Incorporation Fees
Turks & Caicos
Incorporating in Turks & Caicos
Turks & Caicos – IBC Formation – Incorporation Fees
United Arab Emirates (UAE)
Incorporating in Dubai
Advantages to Incorporate in Dubai
Company Formation in Dubai
Incorporating in Dubai - Incorporation Fees
United States of America
Incorporating in US - C vs S Corporations
Forming a “C” Corporation in USA Delaware - Fees
US LLC - Limited Liability Company - Tax Advantages
The State of California
The State of Delaware
Advantages to incorporate in Delaware
The State of Florida
The State of Nevada
The State of New York
The State of Oregon
US LLC - Incorporation Compliance
US LLC – Limited Liability Company – Incorporation Fees
Delaware Series LLC - Fractional Ownership Purposes
Delaware Series LLC - Fractional Ownership Purposes - Incorporation Fees
US - incorporation States
US Foundations - Non profit Corporations
US Foundations – Non Profit Corporations - Articles
US Foundations – Non Profit Corporations – By-Laws
US Corporation Annual Fees
Uruguay
Uruguay - Incorporation Features
Investing in Uruguay
Uruguay SAFI and SA Company Formation - Incorporation Fees
 
 
 
 
 

 

INCORPORATING IN AUSTRIA

AUSTRIA AS A BUSINESS LOCATION

 

AN OPPORTUNITY IN EUROPE
EUROPEAN INTEGRATION ATTRACTS INVESTORS

On January 1, 1995, jointly with Sweden and Finland, Austria became a new member of the European Union (EU). For foreign investors this opens up new and even more attractive perspectives and provides an additional incentive for choosing Austria as a business location. Since the opening up of Central and Eastern Europe in 1989, Austria has played an increasingly important role in the development of the area. EU membership will serve to further expand the country's overall economic activities and provide fresh impetus for virtually every sector of the economy.
With its good, and by international comparison stable, economic fundamentals, numerous interesting possibilities for setting up companies, technology centres, business and industrial parks offering tailor-made solutions for a variety of investment problems, favourable national subsidies and readily available EU-assisted support programs, as well as its strategic position in the centre of Europe, Austria combines unique opportunities as a European business location.
Numerous multinational corporations which have long since become established in Austria have already recognized and successfully utilized the advantages offered. Examples of such companies are the American groups Packard Electric, Masterfood and Pioneer Seeds, the Japanese zip manufacturer Yoshida, SONY Japan, together with the compact and laser disc producer DADC Austria, Alcatel Bull, General Motors, Chrysler, Hewlett Packard, Honda, IBM, Philips, Siemens, Yamaha and many others.

International companies wishing to set up in Austria have mainly focused their attention on Vienna and have frequently chosen the Austrian capital as the centre from which to monitor their subsidiaries in Eastern Europe. Of the more than 300 American companies which have become resident in Austria almost 80 per cent have made Vienna their headquarters. Around 90 per cent of the Japanese and nearly two-thirds of the German firms in Austria have also established themselves in Vienna.
In the future, the Austrian federal province of Burgenland stands to have better chances of selection as a business location, partly because of its favoured status for EU financing projects and partly due to its proximity to the reform countries. Other regions are also making full use of Austria's geographical location cross border business parks are increasingly being set up, for example in Gmünd-Ceske Velenice (Austria/Czech Republic) and along the Austro-German border in Salzburg/Bavaria. They offer international companies unique opportunities and are therefore arousing ever greater interest.

UPGRADING OF LOCATIONS
The speed with which foreign investors reacted to the European integration of Austria became apparent after the positive referendum of June 1994 concerning Austria's entry into the European Union. The majority of the investments that had been postponed pending the outcome were quickly effected and new investors -mainly from the U.S. -intensified their exploratory activities in Austria.
In 1994 alone, the corporate development company ''ICD Austria,'' which helps firms to get established in Austria, brought ten international corporations to the country, among them the American groups Johnson Controls (car seats), Goulds Pumps and the sugar confectionary Sunmark Inc., the British axle manufacturer Spicer Europe, the Canadian firm Collins & Aikman (car mats), the French firm Primagaz (liquefied petroleum gas) and the German company Promatis Informatik (software).The total investments generated by these companies amounted to nearly AS 400 million (one $ equals approximately AS 10.00). It also led to the creation of some 360 new jobs.

FOREIGN DIRECT INVESTMENTS IN AUSTRIA
Both Austrian direct investments abroad and participations by foreign companies at home have expanded rapidly over the past few years. By the end of 1994, foreign direct investments in Austria had totalled AS 151.6 billion (1993: 138.5). More than a third of the total workforce in Austria is employed by companies with largely foreign ownership.This inflow of foreign capital generates more investments in the affected regions, thus increasing their growth rates. At the same time, it also brings the advantages that multinational companies can offer, such as technical know-how and the opportunities for local employees to acquire new specialized skills and management techniques. The contribution made by these companies to the balance of trade was also substantial; the automobile firm BMW Steyr, for example, exports its entire production of around AS 14 billion (1993) and thus contributes some AS 5 billion to the balance of trade.

EU AREA IS THE BIGGEST INVESTOR
Broken down by region, the European Union was again the biggest direct investor in Austria in 1994 with a total volume of AS 93.2 billion. In terms of the major European countries of origin, Germany took the lead with AS 56.9 billion, followed by Switzerland and Liechtenstein with AS 24.1 billion. The U.S. and Canada came third with investments totalling AS 17.9 billion followed by other countries with 14.6 billion. At the end of 1994, Eastern European investments reached AS 1.8 billion, Hungary heading the list with AS 0.8 billion.

OVER 2000 COMPANIES WITH DIRECT FOREIGN INFLUENCE
According to a survey conducted by the Österreichische Nationalbank (Austrian National Bank), in 1993 there were 2,209 companies in Austria with direct foreign influence (minimum participation in nominal capital 10 per cent or at least AS 1 million.) They employed a total labour force of 264,000 of which 151,000 were working in industry.

In 1,741 of the companies reviewed, the amount of foreign investments came to 80 per cent, predominantly in the industrial sectors metals/vehicles, petroleum/chemicals and textiles. In the trade sector this was the case in 831 firms. With regard to the legal form of the companies involved, foreign investors showed preference for Private Limited Companies (1,723 firms), Public Limited Companies (225 firms) and Limited Partnerships (203 firms).In 1993, 1499 companies in Austria were under indirect foreign influence and employed a total of 132,000 people, of whom 88,000 worked in the industrial sector.

 

 

REPRESENTATION IN EVERY BRANCH
According to the Österreichische Nationalbank, foreign companies in Austria with capital participation from Switzerland, Liechtenstein and Germany are represented in virtually every branch of the economy. Firms with American influence concentrate in the industrial sector on metals/vehicles and petroleum/chemicals and in the non-industrial sector mainly on trade. Dutch-influenced companies in Austria are predominantly found in the petroleum/chemicals and in the paper/wood industries. They were also well represented in trade, in addition to banks and insurance companies. According to the Österreichische Nationalbank survey, cooperation agreements with Japan and Japanese branch offices exist almost exclusively in the metals and vehicles sector, as well as in trade and tourism.In 1993, the majority of the foreign investments made and the subsidiaries established were in Vienna (1,185 companies). There were 263 firms with foreign participation in Lower Austria. 206 firms were set up in Salzburg, 199 in Upper Austria, 91 in Vorarlberg, 88 in the Tyrol, 79 in Styria, 73 in Carinthia and 25 in Burgenland, mainly in the non-industrial sector.

AUSTRIAN DIRECT INVESTMENTS ABROAD
Since 1989 there has been a marked increase in Austrian direct investments abroad. Between 1989 and 1993 the number of employees who depend on Austrian capital doubled to 115,925 persons. In 1993, foreign companies which are under Austrian influence paid some AS 244 million in patent, license and management fees to domestic partners.The Österreichische Nationalbank survey showed that Austrian direct investments abroad totalled AS 122.5 billion in 1994, which represents a fourfold increase compared to the 1989 figures. Over half of these investments -AS 65.4 billion -again went to EU countries. Investments in Germany for 1994 totalled AS 24.8 billion, next came Switzerland and Liechtenstein with AS 11.9 billion. Direct investments in the U.S. and Canada reached an overall total of AS 7.2 billion.

EASTERN EUROPE BECOMES STRONG COMPETITOR FOR GERMANY
Until 1992, Germany was the major target for Austrian entrepreneurs. From 1993 on, this trend shifted toward Central and Eastern Europe. By the end of 1993, total direct investments in Germany had amounted to AS 19.3 billion, while in Eastern Europe the figures reached AS 24.2 billion, Hungary taking the lead with AS 15.8 billion, followed by the Czech Republic (AS 4.7 billion) and the other reform countries. Since 1990 joint ventures in Eastern Europe have averaged AS 5 billion per year. In 1994, Austrian direct investments in Eastern Europe rose to a record AS 29.7 billion (Hungary AS 17.8 billion, Czech Republic AS 6.6 billion).

In terms of sectors, most of the Austrian companies invested abroad in the industrial sector, predominantly in the areas of metals/vehicles, followed by stones/ceramics/the building industry, petroleum/chemicals, paper/wood and textiles/clothing/ leather. In the non-industrial sector, participation in, or the establishment of, foreign companies mainly concentrated on trade. The business sector and banks and financing companies also proved popular areas for investment.

OFFSHORE INCORPORATION SERVICES
COMPANY FORMATION & MANAGEMENT SERVICES
TAX PLANNING AND ASSET PROTECTION SOLUTIONS
INTERNATIONAL BUSINESS COMPANIES
HOLDING COMPANIES
PRIVATE LIMITED COMPANIES
LIMITED LIABILITY COMPANIES
LIMITED LIABILITY PARTNERSHIPS
TRUSTS
PRIVATE & FAMILY FOUNDATIONS
BANK FORMATION
PANAMANIAN LICENSED FINANCIAL CORPORATIONS
NEW ZEALAND OFFSHORE FINANCIAL INSTITUTIONS
SECURE & CONFIDENTIAL NOMINEE STRUCTURES
INCORPORATION IN EUROPE AND
MAJOR INTERNATIONAL OFFSHORE CENTRES
OFFSHORE BANKING
WORLDWIDE FULL SERVICED VIRTUAL OFFICES

FREE CONSULTANCY

info@eurofinanzza.com

European Jurisdictions
Andorra
Austria
Cyprus
Czech Republic
Denmark
France
Greece
Hungary
Italy
Latvia
Liechtenstein
Luxembourg
Malta
The Netherlands
Portugal
Republic of Ireland
Spain
Sweden
Switzerland
United kingdom
Shelf and Aged Companies
Nominee Structures
Virtual Offices
Offshore Banking
Offshore e-Commerce
VAT
Website Design
Relative Services
Currency converter
Contact us
Menu