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ARTICLE · 04 FEBRUARY 2020

New Hope For The Austrian Start-Up Scene

Schoenherr (Schönherr Rechtsanwälte)
Schoenherr (Schönherr Rechtsanwälte)
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Schoenherr (Schönherr Rechtsanwälte)

Schoenherr (Schönherr Rechtsanwälte)

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The new government promises great things for start-ups and for blockchain users.

AustriaCorporate/Commercial Law

The new government promises great things for start-ups and for blockchain users. We have looked into the government's agenda  - here is a brief overview:

  • Blockchain: development of a master plan for blockchain technology and its opportunities which will include the following projects: (i) creation of a uniform legal framework for investments in block chain; (ii) examination of the development possibilities of promising use cases; (iii) establishment of an Austrian blockchain centre of excellence; and (iv) setting up a strong forward-looking Austrian position for the support, application and regulation of blockchain technology.
  • New corporate form for start-ups: a new corporate form be internationally competitive, especially for innovative start-ups and their founders in the early stages. This is to be supported in particular by the following measures: (i) a digital form of incorporation; (ii) English as the official language at the authorities; and (iii) a share

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