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Law library / FlexKapGG

Austrian company law

Flexible Company Act (FlexKapGG)

The statute behind the FlexCo — the start-up vehicle that sits between the GmbH and the AG, with a dedicated employee-equity class.

Flexible Kapitalgesellschafts-Gesetz (FlexKapGG), BGBl. I Nr. 179/2023, in Kraft seit 1.1.2024

11 selected sections · English side by side with the current German text · German text as of 30 October 2026 · translation edited by Alexander Baranov

The Flexible Company (FlexKapG / FlexCo), in force since 1 January 2024, is built for start-ups and companies that want to give employees equity. It borrows the GmbH framework but changes the parts that matter for founders: a EUR 1 minimum share, a new company-value-share class capped below 25% of capital, lighter formalities for voting and for transferring shares, and tag-along protection for employee holders.

Where the FlexKapGG is silent, the rules of the GmbH Act apply. Each section below shows the English and the German side by side, paragraph by paragraph; the German text is copied from the official consolidated version (RIS) and our English is an unofficial working translation.

In practice: Austrian FlexCo setup · FlexCo & employee shares (guide) · Company formation.

The Flexible Company & its capital

§ 1Concept of the Flexible CompanyBegriff der Flexiblen Kapitalgesellschaft§ 2Name suffix (FlexCo)Rechtsformzusatz§ 3Minimum capital contribution (EUR 1)Stammeinlagen der einzelnen Gesellschafterinnen§ 4Simplified formationVereinfachte Gründung§ 5Payment of cash contributionsEinzahlungen auf die Stammeinlagen

Governance

§ 7Written (circular) resolutionsSchriftliche Abstimmung

Company-value shares (employee equity)

§ 9Company-value sharesUnternehmenswert-Anteile§ 10Tag-along right of value-share holdersMitverkaufsrecht der Unternehmenswert-Beteiligten§ 11Employee value shares: special rulesBesondere Bestimmungen für Unternehmenswert-Anteile von Mitarbeiterinnen

Shares & transfers

§ 12Form of share transfers (notary or attorney)Form von Anteilsübertragungen und Übernahmeerklärungen§ 13No-par-value share unitsStückanteile
Unofficial translation, information only. Only the German text is legally binding. This is not legal advice. Selected provisions, not the complete Act.