Austria considers introducing new legal entity form 'Limited'

18 March 2021 - In line with a recently issued Governance Programme for 2020-2024, it is planned to implement a new legal entity form ‘Limited’. Currently there are no strictly outlined criteria for such, however, there are a few expected ones:

• Minimum share capital will vary from 5 to 10kEUR;
• The possibility to maintain share register at company’s books instead of shareholders’ registration within the Austria Business register;
• The possibility of incorporation an entity using documentation solely in English language;
• Expansion of minority shareholder rights.

Besides that, further acceleration and simplification is expected for business start-ups, an expansion of digitization in company law as well as possible reforms for AG and GmbH forms.