Background information

This law exempts those who establish new businesses from certain administrative costs and from incidental wage costs for their employees.

Some of these exemptions also apply to business transfers or successions. These exemptions include, for example, stamp duty and fees for national administrative documents and for formal procedures related to a transfer. There are also exemptions for court fees incurred while recording a transfer in the company register as well as for corporate taxes on the acquisition of shareholder rights and taxes related to buying property if the value on the basis of which the tax is calculated does not exceed €75,000 ( NeuFöG §5). Start-ups and business successions or transfers.

Content of measure

To benefit from exemptions, the company's successor or new owner must submit an official form confirming the transfer beforehand or hand it in together with the application. This form is provided by the employer organisation representing the respective industry or the social security body but can also be completed and submitted online .

Additionally, for start-ups there are exemptions for parts of incidental wage costs for employees, including housing subsidies ( Wohnbauförderungsbeitrag ), contributions to the family assistance fund (Familienlastenausgleichsfonds) and to the Austrian Economic Chamber of Labour ( Wirtschaftskammer, Kammerumlage ), as well as accident insurance ( Unfallversicherung) . Benefits can be claimed for up to three years for a maximum period of 12 months. During the first year there is no limit on the number of employees for which a start-up can apply. In the second and third year after start-up the exemption of employer contributions can only be claimed for the first three employees.

Use of measure

N/A

Target groups

Workers	Businesses	Citizens
Employees in standard employment Parents in employment Single parents in employment	Start-ups	Parents Single parents

Actors and funding

Actors	Funding
National government Employers' organisations	National funds

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	Unknown	Unknown
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• Unknown
• Main level of involvement: Unknown

Involvement

Unknown

Views and reactions

Unknown

Sources

• 07 October 2022: Start-up Promotion Act (Neugründungs-Förderungsgesetz) (www.ris.bka.gv.at)
• 07 October 2022: WKO Gründerservice - Neufög - start-up funding (www.wko.at)