FITA helps you find
service providers for:


flag Austria Austria: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Gesellschaft mit beschrankter Haftung (GmbH) is a Private Limited Company.
Number of partners: One or more with no maximum.
Capital (max/min): Minimum 35,000 EUR. 50% totally subscribed and released at the creation.
Shareholders and liability: Partners' and shareholders liability is limited to the amount contributed.
Aktiengesellschaft (AG) is a Public Limited Company.
Number of partners: One or more with no minimum.
Capital (max/min): Minimum 70,000 EUR. 25% totally subscribed and released at the creation.
Shareholders and liability: Partners' and shareholders liability is limited to the amount contributed.
Offene Handelsgesellschaft (OHG) is a general partnership company.
Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Partners' liability is joint and unlimited for social debts.
Kommanditgesellschaft (KG) is a limited partnership
Number of partners: Minimum 2 partners. Two types of partners: active partners and sleeping partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability of active partners is limited to capital, with at least one partner having unlimited liability. Liability of sleeping partners is limited to the amount contributed.
The Competent Organization
Office of the Commercial Register
Search a Company or a Financial Report
ABN Lookup, available information provided by businesses.
Compnet, Looking for a company (in Deutsch)
 
Setting Up a Company Austria OECD
Procedures (number) 8.0 5.0
Time (days) 25.0 12.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Austria.
Austrian Commercial Register

Return to top

The Active Population in Figures

201120122013
Labor force 3,668,0004,434,0003,737,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -60.40%60.50%
Men activity rate 68.10%67.80%67.60%
Women activity rate 53.20%53.90%53.90%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Manufacturing 17.0%
Real Estate, Renting and Business Activities 9.7%
Health and Social Work 8.9%
Construction 8.1%
Hotels and Restaurants 6.1%
Transport and Storage 6.0%
Education 5.6%
Agriculture, Hunting and Forestry 5.6%
Electricity, Gas and Water Supply 0.6%
Households with Employed Persons 0.3%
Mining and Quarrying 0.3%

Source: International Labor Organization (ILO)

 
For Further Statistics
Austrian Statistics
For Further Information About the Labor Market
Federal ministry of Economics and Labour

Return to top

Working Conditions

Legal Weekly Duration
40 hours
Retirement Age
60 for women and 65 for men.
Working Contracts
The employment contracts in Austria are regulated by the Employment Contract Law. However terms & types of such contracts are governed by the collective bargaining agreements ("Kollektivvertrag"). A non-EU person needs to obtain a work-permit before entering into an employment contract.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Return to top

Cost of Labor

Minimum Wage
No minimum wage exists.
Average Wage
Gross average monthly wage of men: EUR 2,922 (source: ILO, 2010);
Gross average monthly wage of women: EUR 1,803 (source: ILO, 2010).
Social contributions
Social Security Contributions Paid By Employers: Pensions (12.55%), sickness insurance (3.83%), unemployment pay (3%), housing fund (0.5%), severance fund(1.53%).
Social Security Contributions Paid By Employees: Pensions (10.25%), sickness insurance (3.82%), unemployment pay (3%), housing fund (0.5%).

Return to top

Social Partners

Social Dialogue and Involvement of Social Partners
No major work stoppages have occurred since 2005. The law allows the workers to form and join unions. Collective bargaining is protected in law and is freely practiced. Nearly 80% percent of the labor force worked under a collective bargaining agreement. There are nearly 9 national unions which are part of the Austrian Trade Union Federation (OGB).



Unions
Austrian Trade Union Federation (OGB)
Unionization Rate
36% in the year 2007.
Labor Regulation Bodies
Federal Ministry of Labour & Economic Affairs

Return to top

Any Comments About This Content? Report It to Us.

 

Learn more about Operating a Business in Austria on Globaltrade.net, the Directory for International Trade Service Providers.

© Export Entreprises SA, All Rights Reserved.
Last Updates: October 2014