Capital contribution and banking process
Information about starting a private limited company electronically and payment of the associated capital contribution
Capital contribution and share capital
When a private limited company or other limited company is set up, its share capital must be determined; this forms the basis of the company's assets. A private limited company (GmbH) must have at least 35,000 Euro in share capital or 10,000 Euro if it is given a start-up privilege. The shareholders each pay a particular capital contribution. When a corporation is started electronically, the capital contribution is paid during the banking process.
However, the share capital and capital contributions do not have to be paid in full on start-up. It is both legal, and common practice, to contribute half of the share capital to begin with, in other words 17,500 Euro, or 5,000 Euro if using the start-up privilege.
In general, these rules also apply to entrepreneurs from EU Member States in Austria.
The banking process for e-start-up
The banking process is essential for electronic start-up of a single-person private limited company. The bank sends the following documents directly to the companies register as part of this process:
- Bank confirmation
The person starting the company must pay the capital contribution to a bank. The bank sends the companies register confirmation that the capital contribution has been paid.
- Proof of identity and specimen signature
The bank checks the person's identity with identity documents and gets him or her to produce a specimen signature. These documents are scanned and also sent to the companies register.
Not every bank carries out the banking process. Please ask your bank directly!
The banking process for e-start-up is currently offered by the following institutions
- Bank Austria/UnicreditGerman text
- BAWAGGerman text
- BKS Bank AGGerman text
- easybankGerman text
- Erste BankGerman text
- Oberbank AGGerman text
- Raiffeisenlandesbank Niederösterreich-WienGerman text
- Raiffeisen-Landesbank Steiermark AGGerman text
- Raiffeisen OberösterreichGerman text
- VolksbankGerman text
- VolkskreditbankGerman text
The start-up privilege can also be used for electronic start-up. In this case, founders have to pay exactly 5,000 euro. By the end of the start-up privilege, after ten years, the payment must be increased to 17,500 Euro.
Responsible for the content: Federal Ministry of Finance