Austria — Business: Accounting

Key facts

• The registration process for a business in Austria is free of charge.

Steps

1. Registering a Business in Austria — Businesses must register with the Austrian Economic Chamber (Wirtschaftskammer Österreich) and obtain a tax identification number from the Finanzamt (Tax Office).
2. Annual Financial Statements — Austrian businesses must submit annual financial statements to the Commercial Court (Handelsgericht) within six months of the fiscal year end.

Costs

• Cost to start a business in Austria (for sole traders): free

Timelines

• Registration process: unconfirmed or contradicting search results

Required documents

• Commercial register entry
• Tax identification number
• Annual financial statements

Common mistakes

• Failure to register the business with the Austrian Economic Chamber.
• Incorrect or incomplete financial statements.