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du commerce autrichien

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GmbH in Austria

What is a GmbH and how does it compare to an LLC?

A GmbH (Gesellschaft mit beschränkter Haftung) is Austria's most common business entity for small and medium-sized companies. Like a US LLC, it offers limited liability for its owners (Gesellschafter). However, unlike a US LLC, a GmbH requires a minimum share capital of €10,000 (of which at least €5,000 must be paid in). It is managed by one or more Geschäftsführer (managing directors) and is subject to formal notarial incorporation requirements.

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