INCORPORATION OF GMBH COMPANY IN AUSTRIA
INCORPORATION AND REGISTRATION FEES
Processing and Registration fees – Euros 2,750.00
Annual maintenance fees – Euros 1,650.00/annual (*)
Drafting of articles of incorporation and articles of association – Euros 225.00
Capital Transfer Tax (assuming EUR 35,000 capital for a GmbH) - Euros 350.00
Court fees - about Euros 570.00
Notary fees - Euros 980.00 (VAT included)
Registration with Austrian Registrar of Companies – Euros 420.00
Registration with the Chamber of Commerce – Euros 450.00/annual
Publication in the Official Gazette – Euros 250.00
Trade licence – Euros 425.00
Legal fees for the application of Trade License – Euros 250.00 (VAT included)
Other filing and registration fees – Euros 400.00
VAT registration – Euros 550.00
Registered office in Vienna, Austria, as legally required – 680.00/annual
Provision for mail re-forwarding – Euros 200.00
Opening of a local bank account in Austria, Vienna – Euros 870.00
Provision of local Public Chartered Accountant – Euros 3,400.00/annual (**)
Internal courier costs – Euros 200.00
Company Seal – Euros 75.00
DHL delivery of documents – Euros 70.00
(*) 1st year fees will be payable together with incorporation fees
(**) Provision, as an average calculation, depending on volume of transactions to be processed
Remark: Fees do not include recurring Government costs or taxes
First year – Fees are considered from the date of formation until the 31st December same year
2nd and subsequent years – All annual fees marked above as “/Annual” become due from the 1st January each ear, and are payable until the 31st January
The Annual Fees are concerned with the following services:
Annual Statutory Fee, which includes:
- Local incorporation agent to provide you all services relating company matters (registered agent facilities);
- Filing statutory returns with official departments, required, to be the company active and alive;
- Liaison with the registered office and the registered agent in the jurisdiction of incorporation, attending to the payment of the Annual Government License Fees and other government fees;
Annual Compliance Fee, which includes:
- Attending to routine compliance matters (inclusive of periodic file reviews), reviewing official correspondence received and other routine matters incidental to good corporate governance;
- Processing and Return Filing with Internal revenue, Registrar of Companies, and other official departments
FULL SERVICED VIRTUAL OFFICE IN
A service provided for those who incorporate in Austria and simultaneously need full secretarial assistance:
Exclusive Fax line in Vienna - 750.00/annual
Set up fee – Euros 50.00
Provision to cover fax re-forwarding on a daily basis – Euros 200.00
Exclusive Telephone line in Vienna, with all calls diverted to your phone line outside Austria - 750.00/annual
Set up fee – Euros 120.00
Initial provision to cover telephone bills (call diverting) – Euros 500.00
NOMINEE SERVICES – (OPTIONAL)
Nominee Services are recommended to those people who wish and require 100% privacy, confidentiality and anonymity as to his relationship with the company. In such case, your name will not appear on the official files of the Registrar of Companies, but the nominees’ names. You can however manage to run the company through a full P.O.A. – Power of Attorney - which can be issued as per your own verbiage or ours. We can provide you a draft for your analysis.
NOMINE SERVICES - FEES
Provision of Nominee Shareholder – Euros 650.00/annual
Provision of Nominee Director – Euros 1,750.00/annual
Cost of Power of Attorney (P.O.A.) – Euros 650.00
We can provide you a draft of this Power of Attorney for your review and approval, upon your request.
- Nominee Services Agreement
- Director’s Declaration
- Director’s resignation letter signed and undated
- Stock transfer form of shares, in blank, signed and undated
OPENING OF CORPORATE BANK ACCOUNT IN AUSTRIA
Anglo Irish Bank, Vienna, Austria
WORLDWIDE CORPORATE BANK ACCOUNTS
International Recommended banks:
ABN AMRO, Hong Kong
Alliance Leicester Commercial Bank, UK
Anglo Irish Bank, Vienna, Austria
AP Anlage & Privatbank AG, Switzerland (Group Parex Bank)
Atlantic International Bank, Belize
Bank of Bermuda Ltd (owned by HSBC), Bermuda
Barclays Bank, Isle of Man and Gibraltar
Credit Suisse, Zurich, Switzerland
FBME Bank Ltd, Cyprus
First Caribbean International Bank, in Turks & Caicos
Lloyds TSB Bank, Isle of Man and Jersey
Loyal Bank, St Vincent & The Grenadines
National Bank of New Zealand, Auckland
NBC Nuevo Banco Comercial, Uruguay, Montevideo
Parex Bank, Latvia
Provident Bank, Belize
Rietumu Bank, Latvia
Standard Bank, Isle of Man, Jersey and Mauritius
If either of these banks or jurisdictions to set up your corporate bank account suits you, we shall be very pleased to assist you.
Our Services before you deal directly with the bank by yourself:
Independent advice to help you to choose the right bank
Support regarding due diligence requirements
Assistance with filling in the required forms
Provision of properly legalized corporate documentation where applicable
Recommending you to the bank based on your individual profile and due diligence documentation
Representing you before the bank in the course of account opening
(a) If extra legalization and/or corporate documents are required by the bank, additional fees apply;
(b) Bank own account opening fees and costs (if any) will be charged from the first deposit to your account;
(c) Bank fees and costs are not included into our bank introduction fees.
(d) Any of the banks above always have their final word, after due diligence processed, by accepting you or not as their customers, depending on their on evaluation; however, you are always free to open your company’s bank account by yourself, with some other bank of your selection.
(1) The above description is not an offer or soliciting to provide financial services of any kind inclusive but not limited to buying any security or investment product or receiving an investment advice from us. Bank fees and account opening terms inclusive due diligence requirements are subject to change from time to time without notice;
(2) After the account has been opened you deal directly with the bank by yourself, entirely at your own risk and at your sole discretion; we may not be responsible for any changes in the legal or financial status, requirements, fees and commissions of the aforesaid Banks.
VAT registered companies, incorporated in 2007, with no trading history are available on request.
DELIVERY OF DOCUMENTS
We can either dispatch the documents to you by DHL or any other express courier, if a faster delivery service required.
HOW TO START INCORPORATION PROCESS
To start the incorporation process, we only need an email from you, with your order, confirming the required optional services, if any.
A Proforma invoice will then be delivered to you with our banking coordinates so that you may settle payment of our fees by swift wire bank transfer.
(a) Full legal name, address and date of birth of the intended shareholder and future managing director;
(b) Intended name of company (Please provide two names, in order of preference. The names must include the words "Gesellschaft mit beschränkter Haftung'', or at least the abbreviation "GmbH." The corporate name must either describe the company's purposes or be derived from the name of the incorporator of the company. If the corporate name contains the word "Österreich" (i.e. "Austria" in German), "Austria" or the name of an Austrian city or town (e.g. "Vienna "), an opinion must be obtained from the Federal Chamber of Commerce confirming that the use of these words would not be misleading.);
(c) Purpose of the company (description of the intended business);
(d) Capitalization (The minimum share capital is EUR 35,000 half of which needs to be paid in, i.e. EUR 17,500.);
1 - In case you do not contract our Nominee Services, we need you to provide us the names of the persons who will be appointed by you as shareholder and Director for the company. We shall need scanned copy of passports and Utility Bill as proof of address.
(1) If Individual – scanned copy of passport and Utility Bill as proof of address
At the Notary Deed, Original passport will be required
(2) If Corporation - scanned copies of:
Certificate of Incorporation
Memorandum & Articles of Association
Certificate of Good Standing or Incumbency, showing also names of Directors, Secretary and Registered Office
2 - In case you will contract our Nominee Services, it will be required the same documents but just of your person, as the Beneficial Owner of the company, as its attorney, to enable us to issue the Power of Attorney in your behalf.
All above documents must be translated into the German language
To the Notary, all originals must be provided legalized and apostilled, including the translations.
Our firm can be in charge to process all translations and apostils on such translations, if requested.
TIME REQUIRED FOR INCORPORATION
Approximately, 2 weeks time.
Hope all above information meets your requirements and needs.
In case you may have any further matter or question to clarify, please don’t hesitate to contact us, before taking your decision.
OFFSHORE INCORPORATION SERVICES
COMPANY FORMATION & MANAGEMENT SERVICES
TAX PLANNING AND ASSET PROTECTION SOLUTIONS
INTERNATIONAL BUSINESS COMPANIES
PRIVATE LIMITED COMPANIES
LIMITED LIABILITY COMPANIES
LIMITED LIABILITY PARTNERSHIPS
PRIVATE & FAMILY FOUNDATIONS
PANAMANIAN LICENSED FINANCIAL CORPORATIONS
NEW ZEALAND OFFSHORE FINANCIAL INSTITUTIONS
SECURE & CONFIDENTIAL NOMINEE STRUCTURES
INCORPORATION IN EUROPE AND
MAJOR INTERNATIONAL OFFSHORE CENTRES
WORLDWIDE FULL SERVICED VIRTUAL OFFICES