Austria

Ease of Doing Business in

Austria

This page summarizes Doing Business 2013 data for Austria. The first table lists the overall "Ease of Doing Business" rank (out of 185 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

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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 8,419,000
GNI Per Capita (US$) 48,300
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
29 28 down -1

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
77.2 75.8 down 1.4
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 134 133 up -1
Dealing with Construction Permits 75 74 up -1
Getting Electricity 24 22 up -2
Registering Property 34 34 No change
Getting Credit 23 23 No change
Protecting Investors 100 98 up -2
Paying Taxes 77 77 No change
Trading Across Borders 26 28 up 2
Enforcing Contracts 7 7 No change
Resolving Insolvency 12 23 up 11

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 2013 Rank 134 DB 2012 Rank 133 Change in Rank down-1
DB 2013 DTF** (% points) 79.5 DB 2012 DTF** (% points) 79.3 Improvement in DTF** (% points) up0.2
YearNew business densityNumber of new limited liability companies
2011 0.563,213
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)
25 -- 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)
4.9 -- 4.5

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)
49.1 -- 13.3
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 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 procedure 5) 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).
* 7 Register employees for social security 1 day (simultaneous with procedure 5) no charge
* 8 Register with the municipality 1 day (simultaneous with procedure 5) 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 indicators across all economies included in Doing Business since each indicator was 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...

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