Third-party costs in security interests in Austria
jurisdiction
1. Is notarisation required and are fees payable? | Notarisation is required only in respect of the mortgage agreement (land charge). Notary fees are payable, depending on the mortgaged amount from EUR 5.10 up to EUR 8,509.70 (+ 20 % VAT if applicable). |
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2. Do the following securities / deeds require to be registered in the Local Property Register and what fees are payable? | |
2.1 Pledge over shares in a limited liability company (GmbH), over shares in a stock company (AG) and over partnership interests (Anteile an Personengesellschaften) | No. |
2.2 Pledge over (bank) accounts | No. |
2.3 Security assignment of receivables | No. |
2.4 Security transfer of movable assets | No. |
2.5 Mortgage / land charge | Yes, registration fees are payable in the amount of 1.2 % of mortgaged amount. |
2.6 Guarantee | No. |
2.7. Subordination of claims | No. |
3. Do the following securities / deeds require to be registered at the local Registrar of Companies and what fees are payable? | |
3.1 Pledge over shares in a limited liability company (GmbH) and over shares in a stock company (AG) | No. |
3.2 Pledge over (bank) accounts | No. |
3.3 Security assignment of receivables | No. |
3.4 Security transfer of movable assets | No. |
3.5 Mortgage / land charge | No. |
3.6 Guarantee | No. |
3.7 Subordination of claims | No. |
Please note that while the information on this page was current and accurate as at 5/9/16, it may no longer be current or accurate and so you must speak to your local CMS Banking contact if you require confirmation of any of the costs or fee levels as at today’s date!
