Doing business in Austria
Austria as a trade partner
Austria has been an important trading partner for the Netherlands for many years. Austria is one of the wealthiest countries in Europe. Especially in the areas of mobility, automotive, chemical industry and life sciences, there are many opportunities for entrepreneurs.
Challenges and pitfalls
A problem may arise if, for example, you have to deal with an Austrian debtor who does not pay your invoices. In Austria, there is a different legislation for successful debt collection than you are used to. The debt collection process in Austria consists of two phases, namely an extrajudicial phase and a judicial phase. Most claims can be collected through the out-of-court phase by means of a written demand without the intervention of the court. However, in some cases, legal proceedings have to be conducted. The two most common routes are an Austrian payment order or proceedings on the merits.
What we can do for you
Austrian debt collection can be very complicated and time-consuming, especially if you are not familiar with Austrian laws and regulations. AGC International has a partner office in Austria to help you prepare for and conduct business in Austria.