Electronic notarization and digital company formation
The Federal Act on the Creation of Electronic Public Documents and Electronic Authentication (EBÖG) could soon create the basis for a completely digital authentication of declarations of intent (company formations, inheritance contracts, marriage contracts) as well as other authentication transactions.
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Modernisation of the Commercial Register Ordinance
Commercial register fees will be around one third lower as a result of the revision. The register block will be abolished. Furthermore, authorised persons will also be able to file applications for a legal entity in the future. However, this possibility is likely to miss the intended target.
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