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Improvements in the Incorporation of an Austrian Private Limited Company

Published: July 24, 2019; 11:24 · (Vindobona)

The incorporation of an Austrian Private Limited Company (GmbH) by foreigners is a multi-stage and time-consuming act. Since the beginning of the year, there has been a significant simplification, so that the founders or proprietors no longer have to appear personally before the notary.

The formation of an Austrian Private Limited Company (GmbH) can now also take place digitally by remote notarial deed. / Picture: © Wikimedia Commons / MesserWoland [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0/)]

Since January 1, 2019 there has been a relief for the proprietor within the framework of the foundation process to the extent that it is no longer absolutely necessary for the founders or partners to appear personally before the notary.

The formation can now also take place "digitally" by "remote notarial deed".

With the entry into force of the Electronic Notarial Form…

This article includes a total of 459 words.

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