Austria

Ease of Doing Business in

Austria

This page summarizes Doing Business 2014 data for Austria. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 8,462,446
GNI Per Capita (US$) 48,160
City covered Vienna
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
30 28 down -2

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
78.27 78.32 down -0.05
 

Starting a Business

Info

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 2014 Rank 138 DB 2013 Rank*** 133 Change in Rank down-5
DB 2014 DTF** (% points) 79.22 DB 2013 DTF** (% points) 79.14 Change in DTF** (% points) up0.08

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Austria 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).

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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.

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Time (days)
25.0 11.1

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.

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Cost (% of income per capita)
4.8 3.6

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.

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Paid-in Min. Capital (% of income per capita)
47.8 10.4
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 capital requirement in the bank 1 day no charge
4 Register the company at the local court (Handelsgericht) and publish an announcement of formation in the Wiener Zeitung 7 days EUR 30 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 Tax Office registration (obtain a VAT number) 12 days no charge
* 6 Register trade (Gewerbeanmeldung) with the trade authority (Bezirksverwaltungsbehörde) 1 day (simultaneous with previous procedure) 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 professio
* 7 Register employees for social security Less than one day (online procedure, simultaneous with previous procedure) no charge
* 8 Register with the municipality 1 day (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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