Trade License in Austria
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Questions and Answers

Which economic activities are exempt from the requirements of the Trade Act 1994?

  • Agriculture and forestry
  • The arts
  • Household activities
  • All of the above (correct)

What is the Trade Act 1994?

  • A law governing economic activities in Austria (correct)
  • A legal instrument for starting a trade in Austria
  • A law for trade regulation in special administrative law
  • A law specifically for regulated liberal professions

Which areas does trade regulation law belong to?

  • Special administrative law (correct)
  • Asylum law
  • Planning and building law
  • Economic administrative law

Which economic activities are subject to more specific requirements under other laws?

<p>Regulated liberal professions (B)</p> Signup and view all the answers

Which type of goods shipped in consignments with a value not exceeding EUR 150 are exempt from customs duties?

<p>Low value goods (A)</p> Signup and view all the answers

What is the current status of the moratorium on imposing customs duties or other restrictions on electronic transmissions?

<p>The moratorium has been renewed several times (C)</p> Signup and view all the answers

Which agreement governs the relationships between the EU and UK after Brexit?

<p>Trade and Cooperation Agreement (TCA) (B)</p> Signup and view all the answers

What is the main requirement for registering an economic activity under the GewO?

<p>Competent trade authority registration (D)</p> Signup and view all the answers

Which one of these is a requirement for engaging in self-employed commercial activities in Austria?

<p>Having a residence permit that includes self-employed economic activities (D)</p> Signup and view all the answers

What is the main requirement for engaging in self-employed economic activities for a third-country national in Austria?

<p>Having an employment permit (B)</p> Signup and view all the answers

Which individuals are allowed to engage in the same economic activities as Austrian nationals?

<p>Recognized refugees (A)</p> Signup and view all the answers

Which type of recognition is required for a professional qualification obtained in another EU/EEA country?

<p>Recognition of an attestation of competence (A)</p> Signup and view all the answers

Who provides practical guidance on the recognition of professional qualifications obtained in third states?

<p>The Austrian Integration Fund (D)</p> Signup and view all the answers

What is the explicit requirement set out in the E-Commerce Act for running an online shop and platform in Austria?

<p>No specific procedures are imposed (D)</p> Signup and view all the answers

Who is excluded from obtaining a trade license in Austria?

<p>Natural persons and companies with criminal convictions (C)</p> Signup and view all the answers

What is the highest instance of judicial courts in Austria?

<p>The Supreme Court (D)</p> Signup and view all the answers

Which type of crimes are defined as serious intentional crimes punishable by a maximum term of imprisonment of more than three years?

<p>Felonies (C)</p> Signup and view all the answers

What happens to criminal convictions by courts once they are final and can no longer be challenged by way of appeal?

<p>They are entered into the criminal records (C)</p> Signup and view all the answers

Which type of offences can trigger fines of several million Euros?

<p>Administrative offences (C)</p> Signup and view all the answers

What is the consequence of a denial of the opening of insolvency proceedings for want of sufficient assets?

<p>Exclusion from starting a business (C)</p> Signup and view all the answers

Which of the following is NOT one of the freedoms of the European Single Market?

<p>Free movement of persons (D)</p> Signup and view all the answers

Which of the following is true about e-commerce businesses targeting Austria from EU Member States?

<p>They can sell goods or provide services into Austria without any restrictions (B)</p> Signup and view all the answers

Which of the following is NOT one of the three most important 'pillars' of WTO law?

<p>Agreement on Trade-Related Aspects of Financial Services (TRAFS) (C)</p> Signup and view all the answers

Which of the following is true about traders established in China selling goods to Austria?

<p>They are subject to customs duties and taxes (B)</p> Signup and view all the answers

Which type of creditors must be treated equally, with very few exceptions, and will receive an equal quota of their claims?

<p>Creditors without security interests (D)</p> Signup and view all the answers

Under what circumstances are insolvency proceedings opened?

<p>When there are sufficient assets to cover the costs (C)</p> Signup and view all the answers

What happens if there are no sufficient assets left and the officers or shareholders are not able to pay the required amount for opening proceedings?

<p>The debtor will lose their trade license (B)</p> Signup and view all the answers

How long does it normally take for the entry in the register to be expunged after the debtor loses their trade license?

<p>Three years (A)</p> Signup and view all the answers

What are some significant differences in private insolvency proceedings compared to company insolvency proceedings?

<p>New trade registration is not allowed (A)</p> Signup and view all the answers

In private insolvency proceedings, when is it possible to obtain debt discharge against the will of the creditors?

<p>After a certain period (D)</p> Signup and view all the answers

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