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TABLE OF CONTENTS ::IntroductionEssentials For Foreign Investors ____________________________________ 91. Foreign Environment ____________________________________________________ 92. Unusual Corporate Structure _____________________________________________ 93. More than Taxes ______________________________________________________ 104. Cover Your Back ______________________________________________________ 105. Lost in Labour ________________________________________________________ 106. For better or worse ____________________________________________________ 117. Information is Value ___________________________________________________ 11Chapter OneDo’s and Don’ts For Foreign Investors ______________________________ 13I Introduction __________________________________________________________ 13II Representative Office __________________________________________________ 13III Branch of a foreign company ____________________________________________ 14IV Commercial Agents ____________________________________________________ 14V Distributorship ________________________________________________________ 15VI Joint Venture _________________________________________________________ 15Chapter TwoCorporate Structures ____________________________________________ 17I Corporate Vehicles for Foreign Investors ___________________________________ 17II Basic principles of Austrian companies ____________________________________ 17III The Limited Liability Company (GmbH) ____________________________________ 18IV Joint Stock Corporation (AG) ____________________________________________ 20Chapter ThreeTax Planning __________________________________________________ 23I Attitude of Fiscal Authorities - In General __________________________________ 23II Subsidiaries in Foreign Jurisdictions _______________________________________ 23i Zero Tax Jurisdictions _________________________________________________ 23- 5 -