30 Questions
Which economic activities are exempt from the requirements of the Trade Act 1994?
All of the above
What is the Trade Act 1994?
A law governing economic activities in Austria
Which areas does trade regulation law belong to?
Special administrative law
Which economic activities are subject to more specific requirements under other laws?
Regulated liberal professions
Which type of goods shipped in consignments with a value not exceeding EUR 150 are exempt from customs duties?
Low value goods
What is the current status of the moratorium on imposing customs duties or other restrictions on electronic transmissions?
The moratorium has been renewed several times
Which agreement governs the relationships between the EU and UK after Brexit?
Trade and Cooperation Agreement (TCA)
What is the main requirement for registering an economic activity under the GewO?
Competent trade authority registration
Which one of these is a requirement for engaging in self-employed commercial activities in Austria?
Having a residence permit that includes self-employed economic activities
What is the main requirement for engaging in self-employed economic activities for a third-country national in Austria?
Having an employment permit
Which individuals are allowed to engage in the same economic activities as Austrian nationals?
Recognized refugees
Which type of recognition is required for a professional qualification obtained in another EU/EEA country?
Recognition of an attestation of competence
Who provides practical guidance on the recognition of professional qualifications obtained in third states?
The Austrian Integration Fund
What is the explicit requirement set out in the E-Commerce Act for running an online shop and platform in Austria?
No specific procedures are imposed
Who is excluded from obtaining a trade license in Austria?
Natural persons and companies with criminal convictions
What is the highest instance of judicial courts in Austria?
The Supreme Court
Which type of crimes are defined as serious intentional crimes punishable by a maximum term of imprisonment of more than three years?
Felonies
What happens to criminal convictions by courts once they are final and can no longer be challenged by way of appeal?
They are entered into the criminal records
Which type of offences can trigger fines of several million Euros?
Administrative offences
What is the consequence of a denial of the opening of insolvency proceedings for want of sufficient assets?
Exclusion from starting a business
Which of the following is NOT one of the freedoms of the European Single Market?
Free movement of persons
Which of the following is true about e-commerce businesses targeting Austria from EU Member States?
They can sell goods or provide services into Austria without any restrictions
Which of the following is NOT one of the three most important 'pillars' of WTO law?
Agreement on Trade-Related Aspects of Financial Services (TRAFS)
Which of the following is true about traders established in China selling goods to Austria?
They are subject to customs duties and taxes
Which type of creditors must be treated equally, with very few exceptions, and will receive an equal quota of their claims?
Creditors without security interests
Under what circumstances are insolvency proceedings opened?
When there are sufficient assets to cover the costs
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?
The debtor will lose their trade license
How long does it normally take for the entry in the register to be expunged after the debtor loses their trade license?
Three years
What are some significant differences in private insolvency proceedings compared to company insolvency proceedings?
New trade registration is not allowed
In private insolvency proceedings, when is it possible to obtain debt discharge against the will of the creditors?
After a certain period
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