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The capital contribution of a company with limited liability (“GmbH”) must amount to EUR 35,000, whereby at least EUR 17,500 must be paid in cash. However, there is also the possibility of making use of the so-called foundation privilege (“Gründungsprivilegierung”). The use of the founding privilege means: In addition to
In Austria a company with limited liability must have at least one managing director. Thereby, the Austrian Act on Limited Liability Companies (“GmbHG”) provides that managing directors are to be appointed by a shareholder resolution (section 15 GmbHG). However, as the list of issues that can be resolved only in a