12.07.2023

Virtual Shareholder Meetings Act (Virtuelle Gesellschafterversammlungen-Gesetz – VirtGesG): Creation of a permanent legal basis for virtual and hybrid meetings

With the Virtual Shareholder Meetings Act (VirtGesG) passed by the National Council on 7 July 2023, the option of holding shareholders’ meetings without the physical presence of participants, which had been introduced on a temporary basis in times of the pandemic, has now been implemented in the law on a permanent basis. Therefore, virtual and/or […]

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05.06.2023

Corporate Law Amendment Act 2023 (GesRÄG 2023, Gesellschaftsrechts-Änderungsgesetz 2023): Introduction of Flexible Company and reduction of minimum share capital to EUR 10,000 for Limited Liability Companies

Start-upn 26 May 2023, along with the Austrian Start-ups Promotion Act (Start-up-Förderungsgesetz), the draft GesRÄG 2023 was published, which aims to create considerable incentives and relief for start-ups and the incorporation of companies in general. In particular, the new company form called Flexible Company (FlexCo) will be introduced and investments in such a company will […]

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25.06.2020

New: Mandatory electronic delivery of documents for businesses in Austria since 1 January 2020

Since 1 January 2019, businesses in Austria have been able to participate in a scheme for electronic delivery of official documents. Since 1 January 2020, all businesses (with limited exceptions) are now required to participate.[1] The background to this requirement is Section 1 of the Austrian E-Government Act (E-GovG), which entered into force on 1 January 2020. Under the […]

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