A trade licence for
sole traders
expires
e.g.
:
-
through surrender of the licence
-
death of the natural person
-
if insolvency proceedings are not opened due to the lack of sufficient assets
-
through withdrawal of the trade licence
-
If operations may be continued under a special entitlement [
Fortbetriebsrecht
], the trade licence will expire only upon expiry of this entitlement.
A trade licence for
legal entities
(capital companies, associations,
etc.
) and
registered commercial partnerships
expires
e.g.
:
-
through surrender of the licence
-
loss of legal entity
-
through withdrawal of the trade licence
-
if insolvency proceedings are not opened due to the lack of sufficient assets
-
through withdrawal of the trade licence or unless the transfer of rights is reported within six months of entry in the Companies Register of any re-establishment.
Surrender of the trade licence must be reported to the competent authority – whereupon the relevant
entry in the Austrian Business Licence Information System (
GISA
) will be deleted.
If the trade licence is surrendered for the primary location, the licences for any additional places of business will also expire.
Whoever fails to exercise his/her trade only temporarily, must
report suspension of the licence
in question to the competent State Chamber of Trade and Industry [
→
Landeskammer der Gewerblichen Wirtschaft
German text
] within three weeks.