After Brexit, many UK entrepreneurs and business owners have begun exploring opportunities to maintain access to the European market. One of the most attractive options for doing so is company formation in Austria. Known for its political stability, robust economy, and strategic central location in Europe, Austria offers numerous benefits to UK-based companies looking to expand or relocate their operations within the EU.
Access to the European Union market
Perhaps the most compelling reason for UK businesses to consider company formation Austria is the immediate and unrestricted access it provides to the European Union market. By registering a company in Austria, UK business owners can bypass many of the post-Brexit trade restrictions and enjoy the freedom of movement for goods and services across all EU member states. This makes logistics and international trade significantly smoother, and enhances the credibility of businesses operating within EU borders.
Favourable tax environment and incentives
Austria offers a competitive corporate tax rate of 23%, with plans for further reductions. Additionally, the Austrian government provides a variety of tax incentives and subsidies to support innovation, research, and development. These incentives are particularly attractive for startups and tech companies seeking financial support while expanding their operations. Tax treaties with over 90 countries also help avoid double taxation, an essential consideration for UK businesses with international dealings.
Efficient legal and regulatory framework
Austria’s transparent and business-friendly legal environment makes it relatively straightforward for UK entrepreneurs to establish and manage a business. Company formation in Austria typically involves the setup of a limited liability company (GmbH), which can be initiated with a minimum share capital of €35,000—of which only half needs to be paid in cash at the time of registration. The process is efficient, and digital tools have made remote registration increasingly accessible for international business owners.
Central location and excellent infrastructure
Austria is strategically located at the heart of Europe, sharing borders with eight countries, including Germany, Italy, and Switzerland. This central position makes it an ideal base for distribution and business operations across both Western and Eastern Europe. Austria also boasts world-class infrastructure, from transportation networks to digital connectivity, which facilitates seamless business operations.
Skilled workforce and high quality of life
Austria is home to a highly educated, multilingual workforce, making it easier for international companies to find qualified employees. The country consistently ranks high in terms of quality of life, healthcare, education, and public services, which is an important factor for UK entrepreneurs considering relocation or long-term investment in the region.
Strong financial and banking systems
The Austrian banking system is robust and well-regulated, offering a range of financial services tailored to businesses. Opening a business bank account is straightforward, and Austria’s strong financial sector ensures access to investment and funding opportunities.
Conclusion
For UK business owners seeking stability, market access, and growth potential, company formation in Austria presents a compelling solution. With its welcoming business climate, favourable tax regime, and strategic position within the EU, Austria is not just an alternative—it’s an opportunity. Whether you’re looking to safeguard your EU operations post-Brexit or expand into new European markets, establishing a company in Austria could be a smart and strategic move.
