Family Offices are a growing phenomenon in Austria and around the world. They are private entities that manage the financial affairs of wealthy families and individuals. In Austria, family offices are often used to invest in real estate, stocks, bonds, and other assets.
Family offices in Austria are regulated by the Austrian Financial Market Authority (FMA). The FMA sets out rules for the operation of family offices, including rules regarding the types of investments that can be made and the amount of money that can be invested.
There are several advantages to having a family office in Austria. First, the country has a low tax rate, which makes it an attractive place to invest money. Second, the Austrian financial market is highly developed, with a wide range of investment options available. Third, the country’s laws and regulations are well-established, which reduces the risk of legal issues.
To set up a family office in Austria, you must register it with the FMA and obtain a license. You will also need to appoint a trustee, who will be responsible for managing the family’s financial affairs.
Overall, family offices in Austria offer a number of benefits, including low taxes, a well-developed financial market, and stable legal protections. If you are considering setting up a family office, it is worth considering Austria as a potential location.