Business Reforms in Austria
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Austria made starting a business easier by reducing the minimum capital requirement, which in turn reduced the paid-in minimum capital requirement, and by lowering notary fees.
Resolving Insolvency: Austria passed a new law that simplifies restructuring proceedings and gives preferential consideration to the interests of the debtors.
Registering Property: Austria made it easier to transfer property by requiring online submission of all applications to register property transfers.
Enforcing Contracts: Austria made enforcing contracts easier by making electronic filing mandatory in civil matters and thereby increasing the efficiency of proceedings.
Trading across Borders: Austria made trading across borders easier by introducing an electronic customs clearance system and a risk-based inspection system.