Comment by ChuckNorris89
2 years ago
>The loophole I've successfully used in the past in Austria was to incorporate a Ltd in the UK and operate it in Austria
Do you have any more details on the benefits of this operation? AFAIk, operating any business in Austria subjects you to Austrian labor and tax laws, negating any advantage.
I was thinking about opening a LTH in a cheap Eastern RU country instead of the UK, and operate it in Austria but that last part seems to throw a wrench in my idea.
> Do you have any more details on the benefits of this operation?
You'd mostly do this if you're Austrian and want to stay in Austria. The benefits are relative to starting a GmbH under Austrian law.
* You won't need to put up the €35k in capital.
* You'd have freely transferable shares. In that sense a Ltd is more comparable to an AG under Austrian law than to a GmbH, but much lighter in overhead. You'll need to play by the rules of the country you're incorporated in, where share transfers are concerned, though.
* I've read of companies in Germany using related constructs to try to get around provisions mandating employee co-determination ("Betriebsrat") for larger companies. Air Berlin used to be a Plc & Co KG for that reason, but I may be mistaken.