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The Austrian Private Foundation
The Austrian Private Foundation came into existence in 1993 and is a pure success story since then. The Austrian Private Foundation was designed to preserve and create wealth for the benefit of a family.
Far reaching tax exemptions make the Austrian Private Foundation a perfect tool to avoid income tax or inheritance tax burdens.
What is an Austrian Private Foundation ?
- Corporate entity belonging to itself (NO shareholders)
- Minimum capital of € 70.000,-- required
- Founder can be any resident or non-resident individual or juridical person
- Foundation has access to all tax treaties contrary to trusts
- Can be established either revocable or irrevocable
- Founder can amend the charter and the non-public by-laws (letter of wishes) whenever and how often he wants
- Far reaching tax exemptions make the foundation a unique tool for tax efficient wealth management
Please contact me for a personal meeting !
Erich Baier, MBA, LL.M. (Int’l Tax Law) TEP
Certified Tax Advisor
Austria, 1010 Vienna, Schwarzenbergstraße 1-3/14a
Phone: (+43 1) 516 12 0
Fax: (+43 1)516 12 14
mail: baier@austrian-taxes.com