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Private foundations

Starting in 1993, it became possible to transfer assets to an ownerless legal structure in Austria. The private foundation has since become a popular form of asset management for high net worth individuals. Its use is mainly indicated in situations where the founder is able to dedicate assets to a predetermined purpose over the long term, and these assets are thus only restricted to that extent.

Key benefits of a private foundation:

  • Assets are safeguarded from external influences but still used according to one's own discretion 
  • Financial security for family members extending over generations thanks to proceeds of the foundation assets
  • Ensuring business continuity and succession 

Private foundations have fiscal advantages in particular for holding purposes, since both domestic and foreign investment income is generally non-taxable in principle and taxation of gains from share disposals can be avoided or deferred in certain cases.

Private foundations allow founders to preserve their assets in a tax-advantaged manner over the generations, whilst also fulfilling the foundation's stated purpose and ensuring the sustainable preservation and continuity of their wealth. If you are considering the idea of starting a foundation or need an auditor for an existing private foundation, get in touch with us.

Services at a glance

  • Consulting during decision-making process on establishing a private foundation
  • Presentation of tax benefits and implications 
  • Alternative comparison with foreign foundation structures 
  • Advice on establishing a private foundation, especially regarding the deed of foundation
  • Bookkeeping  and preparation of annual financial statements and annual tax returns of a private foundation 
  • Tax consulting for private foundation, foundation board, founder and beneficiaries 
  • Assumption of board chair mandates for private foundations 
  • Advice on revocation and dissolution of private foundations
  • Audit

Your contacts

Georg Salcher

T: +43 1 27775-232

Contact me

Erik Malle

T: +43 1 27775-243

Contact me

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