Austrian Corporate Law

Tl;dr Start-Up Promotion Act and Corporate Law Amendment Act Enacted The Austrian parliament passed two pieces of legislation at the end of December 2023, which came into effect on January 1, 2024; the Startup Promotion Act and the Flexible Corporations Act (FlexKapG). Both are aimed at enhancing the attractiveness of Austria as a hub for startups and venture capital investments.… Read More »Corporate Law Update: Startup Promotion Act and the Flexible Corporations Act (FlexKapGG) enacted

Tl;dr Introduction In an era where innovation is the key to economic growth, the Austrian government has taken a significant step towards fostering a robust startup ecosystem. The introduction of the Startup Promotion Act (Start-Up-Förderungsgesetz; 275/ME) and the Flexible Corporation Act (Flexible Kapitalgesellschafts-Gesetz, FlexKapGG; Gesellschaftsrechts-Änderungsgesetz 2023 – GesRÄG 2023, Änderung (276/ME)) has the possibility to reshape the corporate framework for… Read More »Corporate Law Update: Austria’s Startup Ecosystem Set for Growth – a Look into the Startup Promotion Act and the Flexible Corporations Act (FlexKapGG)