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A company is a large company if at least two of the follow<strong>in</strong>g criteria<br />
are met:<br />
• Total assets beyond € 19,25 million;<br />
• Turnover beyond € 38,5 million;<br />
• Number of employees (average per year) beyond 250.<br />
Sharehold<strong>in</strong>gs by non-residents<br />
There are no restrictions <strong>in</strong> place as regards sharehold<strong>in</strong>gs <strong>in</strong> <strong>Austria</strong>n<br />
companies by non-residents.<br />
Foreign companies<br />
If a foreign company wishes to carry on <strong>bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Austria</strong> it must<br />
register for a trade license (if necessary for this type of <strong>bus<strong>in</strong>ess</strong>) and -<br />
if the <strong>Austria</strong>n <strong>bus<strong>in</strong>ess</strong> unit is self-dependent to some extent - register<br />
the permanent establishment at the register of companies.<br />
In the case that it wishes to issue or sign negotiable <strong>in</strong>struments, it<br />
must register as foreign company with the <strong>Austria</strong>n F<strong>in</strong>ancial Market<br />
Authority (FMA).<br />
Partnerships<br />
Partnerships may take the legal form of a general partnership, called<br />
Offene Gesellschaft (OG), or a limited partnership, called<br />
Kommanditgesellschaft (KG). In the OG, all partners are fully liable for<br />
the partnership’s debts, whereas <strong>in</strong> the KG there are general partners<br />
with unlimited liability and limited partners whose liability is restricted<br />
to their fixed contributions to the partnership. To limit liability, but also<br />
10 <strong>PKF</strong> - <strong>Do<strong>in</strong>g</strong> <strong>bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>Austria</strong> - Bus<strong>in</strong>ess Structures
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