On 1 July 2013, a Bill amending the Limited Liability Company Law (Gesellschaftsrechtsänderungsgesetz 2013, GesRÄG) came into force, with the aim to reduce the costs connected with an Austrian limited liability company (Gesellschaft mit beschränkter Haftung, GmbH).

The amendments provide that the minimum share capital of a GmbH is reduced from EUR 35,000 to EUR 10,000. In case the …

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