Can I Buy In The Name Of A Company?
Yes, there are no restrictions in Austria if buying in the name of an EU company. If you want to buy a property with more than two owners then buying in the name of an EU company is a good option as it is only possible to have two individual names on the purchase deeds in Austria. Another advantage is that ownership can be transferred tax free (to children or grandchildren, for example) by a transfer of shares. The set up costs for an EU company start from around €2,000 and you will be required to pay a yearly maintenance fee of around €1000 as well as formalities such as holding an Annual General Meeting.