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Austria

Austria has a well-developed market economy that welcomes foreign direct investment. The country benefits from a highly skilled workforce and a high standard of living. Its capital, Vienna, consistently places at the top of global quality-of-life rankings.

Vienna has been a vibrant bustling financial centre for centuries. Now home to around two million, the city benefits not only from its location in Central Europe but also its proximity to the increasingly important countries in Eastern Europe.

Austria is generally ranked in the top 30 countries in the world in the World Bank “Ease of Doing Business” listings. Its political and economic stability create the perfect environment for a thriving financial services sector.

 

“We help wealthy individuals and families all over the globe to manage their estate, tax and assets efficiently. Our team is highly experienced in structuring wealth for clients, especially those with international cross-border needs.”

Austria Key Facts

  • Austria has sophisticated financial markets that allow foreign investors access without restrictions
  • It has 95 double taxation treaties
  • National language is German; English is widely spoken
  • The Austrian national stock exchange is Wiener Börse
  • It has transparent legal, regulatory and accounting systems that are consistent with international norms
  • Austrian Financial Market Authority is the financial regulatory authority for the Austrian financial industry, responsible for the supervision of credit institutions, payment institutions, insurance companies, pension funds, fund managers, licensed securities service providers, rating agencies and stock exchanges

Services & Sectors

JTC opened its office in Austria in 2023 to enhance its service provision to both private and corporate clients within continental Europe.

The team focuses on providing compliance and management services to a range of corporate clients. These services include the provision of registered office and registered agent (RORA), directorships, tax compliance and financial accounting. Clients include multinational corporates, among them luxury brands such as Versace and Coach, as well as family offices and privately owned family companies of all sizes.

The team also delivers multi-family office services to private clients including developing and implementing strategies for estate and succession planning. Our concierge-style services include supporting clients in areas such as relocation, the purchase of luxury assets, undertaking enhanced due diligence for banking and other requirements, as well as establishing and administering corporate structures and foundations.

The highly qualified Austrian team is multi-lingual and has many years’ in-depth experience in and knowledge of the corporate and private client services industry. They enjoy an excellent reputation amongst the professional network in Vienna.

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