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kontractory blog – recent articles
Extensive and ever-expanding KYC requirements complicate the process of opening bank accounts for foreign individuals or legal entities in connection with the incorporation of an Austrian LLC (GmbH).
Austrian GmbHs can only operate after a specific trade has been registered with the relevant trade authority. The requirements for obtaining a trade license are sometimes very different.
In order to get off to a good start in Austria with a newly founded company, there are a few things to consider. Not only on a bureaucratic level, but also on a human level. The Austrian Business Agency – Invest in Austria is specialised in helping founders from the very beginning and supporting them with free, personal advice.