Austrian compliance law
Who counts as a beneficial owner of an Austrian company or foundation, what must be reported to the register and when, who is exempt, who may look, and the fines.
Wirtschaftliche Eigentümer Registergesetz (WiEReG), BGBl. I Nr. 136/2017, in der geltenden Fassung
Every Austrian GmbH, FlexCo, AG, private foundation and many other entities must know and report their ultimate beneficial owners. These sections cover which entities are in scope (including foreign companies buying Austrian real estate), the over-25% and control tests, the annual due-diligence review, what must be reported and the four-week deadlines, the exemption for GmbHs and FlexCos whose shareholders are all natural persons, who may inspect the register now that public access is restricted, and the penalties.
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: Ongoing corporate support · Company formation · Austrian private foundation.