Austria

Ease of Doing Business in

Austria

This page shows summary Doing Business 2012 data for Austria. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region OECD high income
Income Category High income
Population 8,381,780
GNI Per Capita (US$) 46,710.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
32 28 down -4
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 134 127 up -7
Dealing with Construction Permits 76 72 up -4
Getting Electricity 21 21 No change
Registering Property 35 32 up -3
Getting Credit 24 21 up -3
Protecting Investors 133 131 up -2
Paying Taxes 82 81 up -1
Trading Across Borders 25 25 No change
Enforcing Contracts 9 9 No change
Resolving Insolvency 21 19 up -2

Economy Profile

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 134 DB 2011 Rank 127 Change in Rank down-7
Indicator Austria OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
8 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
28 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
5.2 -- 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
52.0 -- 14.1
No. Procedure Time to Complete Associated Costs
1 Obtain the confirmation from the Economic Chamber that the start-up company is really a new enterprise 1 day no charge
2 Notarize the statutes/articles of association or the declaration of establishment 4 days EUR 1,500
3 Deposit the minimum requirement of cash capital in the bank 1 day no charge
4 Registration at the local court (Handelsgericht) and publish an announcement of formation in the Wiener Zeitung 7 days for entry into register, 1-2 weeks for announcement EUR 29 registration fee for private limited companies + publication fee of EUR 40 for first 5 lines and EUR 6 for each additional line (assuming 35 total lines)
5 Register trade (Gewerbeanmeldung) with the trade authority (Bezirksverwaltungsbehörde) 1 day no charge if exemption is granted under Procedure 1; otherwise stamp duties vary depending on the type of trade intended and whether the trade and/or profession only requires registration or it requires permission by authorities (i.e. particular professional qualification must be proven).
6 Tax Office registration (obtain a VAT number) 12 days no charge
7 Register employees for social security 1 day no charge
8 Register with the municipality 1 day no charge
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