- Type of Government: Federal parliamentary republic
- Population: Approximately 9 million
- GDP: Around $480 billion USD
- Corporate Tax Rate: 25%
- Personal Income Tax Rate: Ranges from 0% to 55%
- Major Exports: Machinery, vehicles, pharmaceuticals, metal goods, paper products
- Major Imports: Machinery, vehicles, chemicals, metals, oil products
Doing Business with Austria
A comprehensive guide to doing business, exporting, investing, and manufacturing in Austria.
Here’s a guide on how to export goods to Austria:
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Research Market Requirements
- Understand Austria’s demand for your products and local market trends.
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Understand Export Regulations
- Familiarize yourself with EU and Austrian import regulations, including tariffs and standards.
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Product Classification
- Determine the correct Harmonized System (HS) code for your product.
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Prepare Documentation
- Gather necessary documents: commercial invoice, packing list, certificate of origin, and bill of lading.
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Find a Local Partner
- Identify a local distributor or agent to assist with logistics and regulations.
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Arrange Shipping and Logistics
- Choose a reliable logistics provider and manage transportation and insurance.
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Customs Clearance
- Ensure compliance with customs procedures and work with your local partner for smooth clearance.
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Secure Payment and Financing
- Establish a secure payment method and consider export insurance or financing options.
Key Contacts
- Austrian Federal Economic Chamber (WKO)
- Website: WKO
- Austria’s Customs Authority
- Website: BMF Customs
- Advantage Austria (Austrian Trade Commission)
- Website: Advantage Austria
Here’s a guide on how to import goods into Austria:
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Research Import Regulations
- Understand Austria’s and the EU’s import laws and any restrictions on your products.
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Obtain Necessary Licenses
- Determine if your products require specific import licenses or permits.
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Register for an EORI Number
- Ensure your business has an Economic Operators Registration and Identification (EORI) number for customs.
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Classify Your Goods
- Use the Harmonized System (HS) code to classify your goods correctly.
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Find a Customs Broker
- Hire a licensed customs broker to assist with documentation and regulations.
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Prepare Required Documentation
- Gather necessary documents: commercial invoice, packing list, bill of lading, certificate of origin.
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Ensure Compliance with Standards
- Meet EU standards and labeling requirements for your products.
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Arrange Shipping and Logistics
- Choose a reliable logistics provider and arrange for transportation and insurance.
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Customs Clearance
- Work with your customs broker to ensure smooth customs clearance.
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Payment of Duties and Taxes
- Calculate and pay any applicable import duties, VAT, and fees.
Key Contacts
- Austrian Federal Economic Chamber (WKO)
- Website: WKO
- Austria’s Customs Authority
- Website: BMF Customs
- Advantage Austria (Austrian Trade Commission)
- Website: Advantage Austria
Here’s a guide on how to incorporate a company in Austria:
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Choose a Business Structure
- Decide on the type of entity (e.g., GmbH, AG).
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Select a Company Name
- Ensure the name is available and complies with Austrian naming rules.
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Prepare Founding Documents
- Draft articles of association and other necessary documents.
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Open a Bank Account
- Deposit the minimum share capital (e.g., €35,000 for a GmbH).
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Notarize Documents
- Have founding documents notarized by an Austrian notary.
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Register with the Commercial Register
- Submit your application to the local court for registration.
- Cost: Approximately €1,000 to €3,000, including notary and registration fees.
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Obtain a Tax Identification Number
- Register with the tax office to receive a tax number.
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Register for Social Security
- Register with the local social security authority for employee contributions.
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Obtain Necessary Permits and Licenses
- Apply for any industry-specific licenses or permits.
Key Contacts
Here’s a guide on how to set up a manufacturing plant in Austria:
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Conduct Feasibility Study
- Analyze market demand, costs, and location benefits.
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Choose a Business Structure
- Decide on the type of business entity (e.g., GmbH, AG).
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Register the Company
- Follow incorporation steps: register with the Austrian Commercial Register.
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Select a Location
- Choose a strategic location considering logistics, resources, and workforce availability.
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Acquire Land and Permits
- Purchase or lease land and obtain necessary construction and environmental permits.
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Design and Build the Facility
- Hire architects and contractors to design and construct the plant.
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Install Machinery and Equipment
- Purchase and set up manufacturing equipment.
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Hire and Train Employees
- Recruit skilled labor and provide necessary training.
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Ensure Compliance with Regulations
- Adhere to safety, environmental, and labor regulations.
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Register with Relevant Authorities
- Obtain operational licenses and register with local councils.
Key Contacts
- Austrian Business Agency
- Website: ABA
- Austrian Federal Economic Chamber (WKO)
- Website: WKO
- Austria’s Environmental Agency
- Website: Environment Agency
Here’s a guide on how to register a trademark in Austria:
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Conduct a Trademark Search
- Use the Austrian Patent Office database to check for existing trademarks and avoid conflicts.
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Prepare Your Application
- Gather details about your trademark: logo, name, class of goods/services.
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Submit Your Application
- File your application online through the Austrian Patent Office.
- Cost: Approximately €300 for one class.
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Examination Process
- The Patent Office examines the application for compliance and potential conflicts.
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Publication and Opposition
- If approved, your trademark is published for opposition.
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Opposition Period
- Wait for a 3-month period for any oppositions. If opposed, legal proceedings may follow.
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Registration and Issuance
- If no opposition or once resolved, the trademark is registered, and you receive a certificate.
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Renewal
- Trademarks are valid for 10 years and can be renewed indefinitely.
Key Contacts
- Austrian Patent Office
- Website: Austrian Patent Office
Here’s a guide on resolving commercial disputes in Austria:
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Negotiation
- Attempt to resolve the dispute through direct negotiation between the parties.
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Mediation
- Engage a mediator to facilitate discussions and reach a voluntary agreement. Mediation is often quicker and less expensive than court proceedings.
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Arbitration
- If agreed upon, use arbitration for a binding resolution. Check if your contract includes an arbitration clause. Costs vary depending on the arbitrator and complexity.
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File a Lawsuit
- If other methods fail, file a lawsuit in the appropriate court (e.g., district courts for smaller disputes, higher courts for larger ones).
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Court Proceedings
- Present evidence and arguments before the court. This process can be lengthy and costly, with legal fees depending on the case complexity.
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Judgment
- The court issues a judgment which can be enforced legally.
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Appeal
- If necessary, appeal the decision to a higher court.
Costs
- Mediation and Arbitration Fees: Vary based on the mediator/arbitrator and complexity.
- Legal Fees: Depend on the lawyer and duration of the case.
- Court Fees: Typically a filing fee based on the claim amount.
Key Contacts
- Austrian Federal Economic Chamber (WKO)
- Website: WKO
- Austrian Arbitration Association (ArbAUT)
- Website: ArbAUT
- Austrian Ministry of Justice
- Website: Ministry of Justice
Here’s an overview of key factors related to doing business in Austria:
Social Factors
- Language: German is the official language. English is widely spoken, especially in business.
- Business Culture: Emphasis on punctuality, formality, and building trustful relationships.
Cultural Factors
- Work Ethic: Austrians value precision, reliability, and quality.
- Communication Style: Direct and formal, with respect for hierarchy.
Political Factors
- Government Structure: Federal parliamentary republic.
- Stability: Austria is politically stable with a strong democratic framework.
Economic Factors
- Foreign Exchange: Austria uses the Euro (EUR). Exchange rates can impact international trade.
- Inflation: Moderate inflation rates can affect business costs.
Legal and Regulatory Environment
- Rule of Law: Strong legal system with transparent regulatory processes.
- Intellectual Property: Robust protection for patents, trademarks, and copyrights.
Infrastructure and Market Access
- Infrastructure: Well-developed transport and communication networks.
- Trade Agreements: Austria benefits from EU trade agreements, enhancing market access.
Relevant URLs
- Austrian Business Agency (ABA): ABA
- Austrian Federal Economic Chamber (WKO): WKO
- Austrian Ministry of Economy: Ministry of Economy
Our Members Include Leading Organizations in Austria
Ask our Experts on Doing Business in/with Austria
If you’re looking to do business or invest in Austria, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.