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Company Searches International provides Business Reports as up to date as possible on all registered businesses in Austria. Financial Reports can also be provided where available.
Full Company Name and Address or at least the town the company is registered in are needed for a search, as companies in Austria file at local registries rather than at a central registry.
Financial Information
- From an in-house library which we can check at the time of order. We have a number of quoted company annual reports in house which may be in English.
- We can apply to a correspondent for a copy of the full accounts as placed at the registry. These will be available in German but we are able to provide a translation sheet of major accounting terminology.
- We can extract financial extracts for anything upto the last three years from an Austrian database. These will include the full profit & loss and balance sheets and will be provided in ENGLISH. This service is mainly for AG companies although some GMBH companies are available.
his information can be provided on the same/following day of your order.
Business Reports
These are general company profiles based on the most up to date information available at local official registries and other sources. They are always available in English, on a three speed service.
Contents of a Business Report:
- Identity, Legal Status & History
- Legal Status
- Date of Incorporation
- Place of Registration
- Registration Number
- Registered Address
- Trading Style (if relevant)
Ownership & Management
- Share Capital
- Shareholders
- Management/Directors
- Any Holding Co.
Activities & Operations
- Activities
- No of Staff
- Premises (owned or rented)
- Branches
- Associated Companies
- Payments
- Telephone Number
- Trading Address
Financial & Public Record Information
- Annual Sales Figures for last 3 years
- Extracts from Assets/Liabilities for the last year.
A Summary & Credit Opinion
- Actual Figure given for Upper Credit Limit.
- Risk rating scored out of 100-600, the lower the score the lower the risk to the company.
- Opinion on Trend of Affairs/Course of Business.
- Bankers
Principal Business Types in Austria
Aktiengesellschaft (AG)
Joint Stock Company. Minimum capital required is AS 1 million. The Shareholders' liability is limited to the unpaid capital, if any, of their respective shares. The shares can be in bearer form, thus protecting the identity of the owner, or in registered form.
AG companies must publish their accounts.
Gesellschaft mit beschrankter Haftung (GmbH)
Limited liability company. Minimum Capital of AS 500,000. At least half of the Share Capital must be raised in cash. The shareholders' liability is restricted to the unpaid part, if any, of their shares in the company's capital. The names of the shareholders have to be registered and any transfer of such shares can only be done by notarial deed.
The annual balance sheet and profit & loss sheets must be drafted within five months after the end of the business year.
The name of the company may either indicate its purpose or contain the name of at least one shareholder.
A Gmbh may conduct any type of business except insurance, mortgage banking, participation funds or politics.
A supervisory board is compulsory for a Gmbh company if it controls other companies and the aggregate number of their employees exceeds 300 or if the average number of its employees exceeds 300. In these cases an audit of the financial statements is required which must also be published.
Offene Handelsgesellschaft (OHG)
General Partnership. Two or more partners who are jointly as well as personally liable for the debts of the partnership.
An OHG has no legal identity, but it may acquire rights and incur liabilities under its firm name. No fixed capital contribution is required and it may be that only one partner contributes his services to the partnership. Under the law each partner is authorised to take part in the management of the partnership business.
Kommanditgesellschaft (KG)
Limited Partnership. At least one partner must have unlimited liability for the partnership's debts (general partner - Komplementar) and at least one must be liable up to a certain amount registered in the commercial register (limited partner - Kommanditist).
GmbH & CO KG
Limited partnership whose general partner is a GMBH, and the limited partners are individuals or legal entities. Usually the shareholders of the GmbH are also limited partners in the GmbH & Co KG.
The liability of the general partner is restricted to the net worth of the limited liability company. For this advantage and for tax reasons the GmbH & Co KG is often used.
Einzelfirma
Sole Proprietorship. Owned and operated by a single individual. The liability of the owner is unlimited.
Company Accounts Filing Requirements
- No central registry
- All businesses register with local Chamber of Commerce & Industry.
- As not part of the EU, the GMBH companies are not governed by the directive and as such it is unusual to see accounts filed.
- Partnerships not obliged to lodge accounts.
- AG companies lodge accounts
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