24You

The new online banking of Bank Austria.

OnlineBanking & BusinessNet

The familiar online banking for private customers and companies.

We know what is important in business life: know-how and a reliable network. We offer both – plus a wealth of start-up experience that we provide you with here in the StarterCenter.

We accompany you in every phase

The path to setting up your own business comprises several phases. Here, we provide you with an overview for each individual phase and go through, step by step, what has to be done at each point in time – and how we and other experts can support you in the process.

Before establishment

Here you develop your idea into a vision and scrutinise your motivation and your corporate concept. It does not always have to be a new business idea. Franchise or a company takeover (successor market) are also potential ways to start up your own business. Our starter package helps you in the development of your business idea.

Are you ready to set up your own business?
Do you want to realise your dream of setting up your own business? Great! Have you also prepared yourself well for it? Does your life situation permit this challenge and do you have the necessary backing? Find out with our businessperson test whether you are ready to set up your own business.

Business plan
Setting up a company means formulating a solid plan that convinces with clear goals. A business plan is the written summary of your planning activities. With our SmartPlanner, you have a planning tool that supports you from the creation of your concept through to the cost and capital requirements plan.

With immediate effect, setting up a company is quick and easy – with “eGründung” (“eStart-up”). The bank procedure for this can now be done via Bank Austria.

Start-up

The start-up phase involves many things, particularly the choice of the right legal form, tax aspects, the choice of location, the setting up of a payment transaction account and the financing mix.

Legal form
The choice of the legal form for your company has an impact on your liability, among other things. Please note the trade law regulations, tax conditions and the handling of the social insurance for the respective legal form. For these issues, it is advisable to make use of a tax or legal advisory service.

Taxes
You have to report the commencement of self-employment, the establishment of a company or the purchase of a company to the responsible tax office. The tax office will assign you a tax number.

Trade registration
Depending on the activity, there are statutory requirements for a trade registration.

Business premises permit
You may require a business premises permit to carry out a commercial activity at a certain location.

Registration for social insurance
In most cases, the mandatory registration for social insurance is done automatically by the district administrative authority or by the responsible chamber; nevertheless, you also have to register yourself with the social insurance institution.

Employees
If you employ staff, you will have to comply with some statutory regulations. You will find them, among others, in the respective collective agreement. With regard to the calculation of the wage costs, the rule of thumb is as follows: Gross monthly wage x 14 (payments a year) x 1.345 (average contributions for the employer) = annual wage costs for the company.

After the start-up

A company’s success is shown at the latest after the first three years from its establishment. It is no coincidence that we talk of the first “tricky three years” when it comes to start-ups and new companies. In these 36 months, you should at least put 30 to 50 per cent of turnover to one side for income tax payments and any credit repayments.

With us, you will be supported in this period by our team of experts in the StarterCenter. Our experts regularly conduct discussions with you and support you in the phase after start-up – possibly also already during the expansion of your company.

As soon as your company generates a profit, you can even make use of the tax-free profit allowance. You thus reduce the calculation basis for taxation purposes – and thus your income tax.