Safe custody, guarantees, factoring, bureau de change. Banking concession limited to that transaction, § 4 Abs. 2 BWG.
Decided by the FMA
Austria · Licensing
Financial Services Licence in Austria
Banking and Investment Firm Authorisation
We establish which Austrian permission your business model needs, build the application for it, and form the Austrian company that has to exist first.
- Banking transactions: a concession from the FMA (§ 4 Abs. 1 BWG)
- Investment services: a concession from the FMA (§ 3 Abs. 2 WAG 2018)
- Initial capital EUR 5,000,000 for a bank, EUR 75,000 to EUR 750,000 for an investment firm
- Six months from a complete investment-firm application (§ 3 Abs. 5 WAG 2018)
What we do on an Austrian financial-services authorisation, and what we do not
Austria has no single instrument called a financial services licence. The permission follows the activity, and the activity sits in one of a few closed statutory lists. Banking transactions are in § 1 Abs. 1 of the Bankwesengesetz and need a concession under § 4 Abs. 1. Investment services are in § 3 Abs. 2 of the Wertpapieraufsichtsgesetz 2018 and need one of their own. Crypto-asset services are a third regime, and what the state charges for one is under crypto license austria cost.
So the first piece of work is not an application. It is establishing which list, if any, the business falls into, because that decides the capital, the conditions on the people, who actually decides, and whether an Austrian permission is needed at all. We then form or supply the company, build the file, and handle the authority's questions.
Four things we do not do:
- Grant or guarantee an authorisation. The FMA decides, and for a CRR credit institution the European Central Bank decides on the FMA's proposal.
- Promise a decision date. Where a statute sets a period we cite it; where none exists we say so.
- Supply nominal directors to satisfy the conditions in § 5 Abs. 1 BWG.
- Advise on Austrian tax, which WTBG 2017 § 2 Abs. 1 reserves to a licensed Steuerberater.
Which permission your business model needs
Read down the left column for what the business actually does, not what it calls itself.
| What you intend to do | The permission | Where it is set | Who decides |
|---|---|---|---|
| Take deposits and lend, that is the credit-institution core | banking concession | § 1 Abs. 1 Z 1 and Z 3 with § 4 Abs. 1 BWG | the ECB, on the FMA's proposal |
| Any other listed banking transaction on its own, for example safe custody, guarantees, factoring or bureau de change | banking concession, limited to that transaction | § 1 Abs. 1 with § 4 Abs. 2 BWG | the FMA |
| Investment advice, order handling, portfolio management, dealing on own account, an MTF or an OTF | investment firm concession | § 3 Abs. 2 WAG 2018 | the FMA |
| Investment advice and passing orders on only, in Austria, under EUR 2,000,000 of turnover, never holding client assets | Wertpapierdienstleistungsunternehmen | § 4 Abs. 1 WAG 2018 | the FMA |
| Advice on wealth and financing that is not about financial instruments | trade licence, Gewerbliche Vermögensberatung | § 136a Abs. 1 GewO 1994 | the trade authority, entered in GISA |
| Selling one authorised firm's products, in its name and under its liability | tied agent, no concession of your own | § 1 Z 44 and § 36 WAG 2018 | the firm registers you with the FMA |
| Crypto-asset services under MiCA | CASP authorisation | Title V of Regulation (EU) 2023/1114 | the FMA |
| Issuing asset-referenced or e-money tokens | a different MiCA permission | Titles III and IV of Regulation (EU) 2023/1114 | the FMA |
| Payment services or electronic money | payment institution or e-money concession | ZaDiG 2018, E-Geldgesetz 2010 | the FMA |
| You already hold an EEA authorisation covering the activity | no Austrian licence, a notification instead | § 9 Abs. 1 BWG, § 19 Abs. 1 WAG 2018 | your home authority notifies the FMA |
| You are a third-country firm and want a branch here | authorisation of the branch | § 23 Abs. 1 WAG 2018 | the FMA |
Banking rows: § 4 BWG, BGBl. Nr. 532/1993, in force 1 February 2023. Investment rows: § 3 WAG 2018, BGBl. I Nr. 107/2017, same date. Passporting: § 9 Abs. 1 BWG, in force 29 May 2021, with § 19 Abs. 1 WAG 2018 in force 29 July 2026. The ECB row: the Austrian act is priced as a proposal for admission within the Art. 14 procedure of Regulation (EU) No 1024/2013, at Tarifpost I.A.2 of the FMA-Gebührenverordnung.
Austria · which permission, and who decides it
Start from
What the business actually does, not what it calls itself
Closed list 1 · BWG § 1 Abs. 1
Banking transactions
Z 1 and Z 3, the credit-institution core
Taking deposits and lending. Banking concession, § 4 Abs. 1 BWG.
Decided by the ECB, on the FMA's proposal
Any other listed transaction on its own
Closed list 2 · WAG 2018 § 3 Abs. 2
Investment services
Advice, order handling, portfolio management, dealing on own account, an MTF or an OTF
Investment firm concession.
Decided by the FMA
Advice and passing orders on only, in Austria, under EUR 2,000,000 of turnover, never holding client assets
Wertpapierdienstleistungsunternehmen, § 4 Abs. 1 WAG 2018.
Decided by the FMA
Closed list 3 · MiCA Title V
Crypto-asset services
Regulation (EU) 2023/1114
CASP authorisation. Issuing asset-referenced or e-money tokens is a different permission, under Titles III and IV.
Decided by the FMA
Exit · no Austrian permission needed
You already hold an EEA authorisation covering the activity
§ 9 Abs. 1 BWG · § 19 Abs. 1 WAG 2018
A notification instead of a licence.
Your home authority notifies the FMA
Exit · none of the three lists
Advice on wealth and financing that is not about financial instruments
§ 136a Abs. 1 GewO 1994
No concession. A trade licence, Gewerbliche Vermögensberatung.
The trade authority, entered in GISA
The two catalogues the answer comes out of
Twenty-one banking transactions are in force. Four repealed heads are shown as repealed, because older material still lists them.
| § 1 Abs. 1 BWG | The transaction | The Austrian term |
|---|---|---|
| Z 1 | taking third-party money for administration or as a deposit | Einlagengeschäft |
| Z 2 | cashless payment and clearing business in current account for others | Girogeschäft |
| Z 3 | money credit agreements and the granting of money loans | Kreditgeschäft |
| Z 4 | buying cheques and bills, in particular discounting bills | Diskontgeschäft |
| Z 5 | safe custody and administration of securities for others | Depotgeschäft |
| Z 6 | issuing and administering means of payment such as credit cards, bank cheques and travellers cheques | |
| Z 7 | trading on own or third-party account in foreign currency, money-market instruments, futures and options, interest and currency swaps, securities, and instruments derived from them, unless for private assets | Devisen-, Termin-, Options- und Effektengeschäft |
| Z 7a | trading in the financial instruments of § 1 Z 7 lit. e to g, j and k WAG 2018 | |
| Z 8 | assuming guarantees and other liabilities for others where the obligation is for money | Garantiegeschäft |
| Z 9 | issuing covered bonds under the Pfandbriefgesetz | Wertpapieremissionsgeschäft |
| Z 10 | issuing other fixed-interest securities to invest the proceeds in other banking transactions | |
| Z 11 | participating in a third party's issue of the Z 7 lit. b to f instruments | Loroemissionsgeschäft |
| Z 12 | taking building-society deposits and granting building-society loans | Bauspargeschäft |
| Z 13 | managing investment funds under the InvFG 2011 | Investmentgeschäft |
| Z 13a | managing real-estate funds under the ImmoInvFG | Immobilienfondsgeschäft |
| Z 15 | financing by acquiring participations and reselling them | Kapitalfinanzierungsgeschäft |
| Z 16 | buying trade receivables and taking the collection risk on them | Factoringgeschäft |
| Z 17 | money broking in the interbank market | |
| Z 18 | broking the transactions in Z 1, Z 3, Z 7 lit. a and Z 8, with carve-outs for named trades | |
| Z 21 | taking and investing severance and self-employed provision contributions | Betriebliches Vorsorgekassengeschäft |
| Z 22 | over-the-counter purchase of foreign means of payment and sale of foreign notes and travellers cheques | Wechselstubengeschäft |
| Z 14, Z 19, Z 20, Z 23 | repealed |
Fourteen numbered services need a concession under the WAG 2018. Z 1 to Z 9 are investment services in their own right; Z 10 to Z 14 are ancillary and cannot stand alone.
| § 3 Abs. 2 WAG 2018 | The service | § 1 Z 3 |
|---|---|---|
| Z 1 | investment advice on financial instruments | lit. e |
| Z 2 | portfolio management on a discretionary mandate | lit. d |
| Z 3 | reception and transmission of orders | lit. a |
| Z 4 | operating a multilateral trading facility (MTF) | lit. h |
| Z 5 | operating an organised trading facility (OTF) | lit. i |
| Z 6 | execution of orders for the account of clients | lit. b |
| Z 7 | dealing on own account | lit. c |
| Z 8 | underwriting, or placing on a firm-commitment basis | lit. f |
| Z 9 | placing without a firm commitment | lit. g |
| Z 10 to Z 14 | ancillary: safekeeping and administration, credit to investors for a transaction the firm is party to, foreign exchange connected to an investment service, services connected with underwriting, and the commodity and other underlyings head | ancillary |
Three neighbouring regimes are not this page. Crypto-asset service providers sit under Title V of MiCA, on the licensing pillar. Token issuance is a different MiCA permission, on what a MiCA licence means for a token issuer in Austria. Payment services and electronic money have their own acts, in the payment institution guide.
§ 1 Abs. 1 BWG, BGBl. Nr. 532/1993 as amended by BGBl. I Nr. 111/2024, in force 20 July 2024. Leasing is absent on purpose: § 1 Abs. 2 Z 1 makes it the activity of a Finanzinstitut, not of a credit institution.
§ 3 Abs. 2 WAG 2018, BGBl. I Nr. 107/2017 as amended by BGBl. I Nr. 237/2022, in force 1 February 2023. On grant and on every extension the FMA rules separately on whether the firm may hold client money and instruments: a permission, not a consequence of the concession.
What the authorisation work includes
01
Which list the activity sits in.
Three closed statutory catalogues and a trade-law carve-out, tested against what the business will do. It decides everything downstream and is the step most often skipped.
02
Whether an Austrian permission is needed at all.
An existing EEA authorisation may already reach Austria through a branch or the freedom to provide services. Cheaper to establish now than after a file is built.
03
The Austrian company that will hold the concession.
§ 5 Abs. 1 Z 1 BWG requires a Kapitalgesellschaft, a cooperative or a savings bank; § 3 Abs. 5 Z 1 WAG 2018 requires a Kapitalgesellschaft or a cooperative.
04
The ordering problem nobody warns about.
§ 5 Abs. 2 BWG keeps a banking business object and any protected designation out of the Firmenbuch until the decision is final. The company is registered first as an ordinary company.
Not sure which of these your business model falls under?
Send what the business will do, for whom, and where the clients are. You get the list it falls into, the permission and the capital figure, in writing.
How an application runs, and what it asks of the people behind it
01
Settle the permission question in writing.
Which catalogue, which numbered head, and whether an EEA authorisation already covers it. Reopening this later costs the whole file.
02
Form the Austrian company, or take over a ready-made one.
Usually a gmbh austria, or how buying a ready-made Austrian company works for a faster register entry. It is registered as an ordinary company: the regulated identity comes last.
03
Put the seat, the head administration and the directors in place.
§ 5 Abs. 1 Z 14 BWG puts the seat and the head administration in Austria; § 3 Abs. 5 Z 6 WAG 2018 carries that into the investment-firm regime. An address alone does not satisfy it.
04
Raise and place the initial capital.
It has to stand at the directors' free disposal, which means it has to be somewhere: non resident bank account austria belongs in this step, not a later one.
05
Build the file.
Seat and legal form, articles, a business plan with a three-year budget, the capital, the qualifying holders and their repute, the directors and their qualification, and any agents (§ 4 Abs. 3 BWG).
06
File, and answer what comes back.
The authority rules in writing, may attach conditions, and may cut the concession down to individual transactions (§ 4 Abs. 2 BWG, § 3 Abs. 8 WAG 2018).
07
Only then the register, and only then the name.
The banking business object and any protected designation reach the Firmenbuch only once the decision is final (§ 5 Abs. 2 BWG).
Only one regime has a statutory clock. For an investment firm the FMA must say within six months of a complete application whether authorisation is granted (§ 3 Abs. 5 WAG 2018), and the same period covers a third-country firm's branch (§ 23 Abs. 1). The BWG sets none, and we do not invent one.
What the conditions actually require of the people
- One director with the centre of their life interests in Austria (§ 5 Abs. 1 Z 10 BWG).
- One director who speaks German (Z 11).
- Two directors at least, sole representation and sole Prokura excluded (Z 12).
- No director with a competing main occupation (Z 13).
- Seat and head administration both in Austria (Z 14).
- Suitability, met by three years senior at a comparable undertaking (Z 8).
- Qualifying holders meeting the § 20b Abs. 1 criteria (Z 3).
- For an investment firm, Z 10 to Z 14 apply unchanged (§ 3 Abs. 5 Z 6 WAG 2018).
Capital you must hold, and what the state charges
Two amounts get confused here. The initial capital is a condition of authorisation and stays in the company. The tariff below is a state fee, paid once, to have the application decided.
A credit institution needs EUR 5,000,000 of initial or endowment capital, available to the directors in Austria without restriction and without encumbrance (§ 5 Abs. 1 Z 5 BWG). An investment firm's figure is not in the WAG at all: § 3 Abs. 6 sends you to § 13 WPFG.
| WPFG § 13 | Initial capital | What triggers it |
|---|---|---|
| Z 1 | EUR 750,000 | dealing on own account, or underwriting and placing on a firm-commitment basis |
| Z 4 | EUR 750,000 | operating an OTF where the authorisation also covers dealing on own account |
| Z 3 | EUR 150,000 | the residual class: anything not caught by Z 1, Z 2 or Z 4 |
| Z 2 | EUR 75,000 | reception and transmission, execution, portfolio management, advice, or placing without a firm commitment, and the firm may not hold client money or client financial instruments |
What the Austrian state charges to decide the application
The fee is fixed by regulation and graded by capital class. These are state fees payable to the FMA. Our own fee is not published on this site.
| Tarifpost | What it prices | EUR |
|---|---|---|
| I.A.1 | grant of a concession to carry on banking transactions, § 4 Abs. 1 BWG | 12,500 |
| I.A.2 | proposal for admission as a CRR credit institution, decided by the ECB under Art. 14 of Regulation (EU) No 1024/2013 | 12,500 |
| I.A.3 | extension of a banking concession | 2,500 |
| I.A.8 | examination of a branch in another member state by an Austrian credit institution, § 10 Abs. 3 BWG | 625 |
| III.B.1 lit. a | investment-services concession requiring WPFG § 13 Z 1 capital | 10,000 |
| III.B.1 lit. c | investment-services concession requiring § 13 Z 3 capital | 6,250 |
| III.B.1 lit. b | investment-services concession requiring § 13 Z 2 capital | 3,750 |
| III.B.1 lit. d | investment-services concession requiring § 4 Abs. 2 Z 3 WAG 2018 capital | 2,500 |
| III.B.2 | MTF or OTF concession where no § 3 Abs. 2 authorisation exists yet | 12,500 |
| III.B.3 | ancillary services, § 3 Abs. 2 Z 10 to Z 14 | 1,875 |
| III.B.7 | notification of documents to another member state, freedom of services, § 18 Abs. 2 | 320 |
| III.B.8 | notification of documents to another member state, freedom of establishment, § 20 Abs. 3 | 375 |
| III.B.9 | authorisation of the branch of a third-country firm, § 23 Abs. 1 WAG 2018 | 9,375 |
§ 13 WPFG, BGBl. I Nr. 237/2022, in force 1 February 2023; the capital components are those in Art. 9 of Regulation (EU) 2019/2033. EUR 5,000,000 is § 5 Abs. 1 Z 5 BWG, BGBl. Nr. 532/1993 as amended by BGBl. I Nr. 98/2021, in force 29 May 2021. EUR 150,000 here is an investment firm's initial capital, not the EUR 150,000 of own funds MiCA Annex IV sets for a Class 3 crypto-asset service provider: two instruments, one coincidence of amount.
Austria · investment firm initial capital, WPFG § 13
WPFG § 13 Z 1EUR 750,000
- § 3 Abs. 2 Z 7Dealing on own account
- § 3 Abs. 2 Z 8Underwriting, or placing on a firm-commitment basis
WPFG § 13 Z 4EUR 750,000
- § 3 Abs. 2 Z 5Operating an organised trading facility, where the authorisation also covers dealing on own account under Z 7
WPFG § 13 Z 3EUR 150,000
- ResidualAnything not caught by Z 1, Z 2 or Z 4
WPFG § 13 Z 2EUR 75,000
- § 3 Abs. 2 Z 1Investment advice on financial instruments
- § 3 Abs. 2 Z 2Portfolio management on a discretionary mandate
- § 3 Abs. 2 Z 3Reception and transmission of orders
- § 3 Abs. 2 Z 6Execution of orders for the account of clients
- § 3 Abs. 2 Z 9Placing without a firm commitment
Part of the class, not a footnote
The firm may not hold client money or client financial instruments. The FMA rules on that permission separately, on grant and on every extension. With it, the same services fall into the Z 3 residual at EUR 150,000.
Initial capital is a condition of the authorisation and stays in the company. It is not the fee for deciding the application, which is set by tariff.
FMA-Gebührenverordnung, BGBl. II Nr. 230/2004 as last amended by BGBl. II Nr. 130/2026, Anlage 1, Tarifposten I.A and III.B, in force 6 June 2026. The III.B.1 letters follow the WPFG paragraph numbers, not the amounts, so lit. b is cheaper than lit. c. The FMA's annual supervisory costs are apportioned separately and are not a fixed figure.
What applicants get wrong, and what it costs
01
Applying for a licence the business never needed.
An EEA authorisation covering the activity already reaches Austria through a branch or the freedom to provide services (§ 9 Abs. 1 BWG, § 19 Abs. 1 WAG 2018), on the home authority's notification.
02
Reading the FMA as the decision-maker for a bank.
For a CRR credit institution the FMA proposes and the European Central Bank decides, under Art. 14 of Regulation (EU) No 1024/2013. The fee tariff prices the two acts separately.
03
Treating "financial advice" as one thing.
§ 136a Abs. 1 GewO 1994 gives the trade licence advice on wealth and financing except investment advice on financial instruments. One word separates a trade registration from an FMA concession.
04
Building the case on residence alone.
§ 5 Abs. 1 BWG wants a director's centre of life interests here, a German speaker, two directors, no competing occupation, and the head administration in Austria.
05
Operating first and regularising later.
Up to EUR 5,000,000, or twice the benefit derived, for the CRR banking core (§ 98 Abs. 1 BWG); up to EUR 100,000 for any other banking transaction (§ 98 Abs. 1a); up to EUR 5,000,000 or twice the benefit for investment services (§ 94 WAG 2018).
Want the permission question answered before you spend anything?
Tell us the activity, the client countries and any licence the group holds. You get the statutory head, the capital and the state fee.
How this page is kept accurate
Last updated 17 September 2026. Every figure here carries its paragraph, its Bundesgesetzblatt reference and the date its version took effect, each read in the consolidated text published as open data by the Bundeskanzleramt. We are not a law firm, we hold no Austrian financial-services authorisation, and we are not the FMA's agent. The authority decides and it can refuse. Our fee is quoted on request.
Frequently asked questions
Which Austrian financial services licence does my business model need?
The activity decides, not the label you give the business. If it appears in the catalogue of banking transactions in § 1 Abs. 1 BWG it needs a banking concession under § 4 Abs. 1. If it appears in the list of investment services in § 3 Abs. 2 WAG 2018 it needs an investment firm concession. If it appears in neither, it may need no FMA authorisation at all.
What is a banking licence in Austria, and which activities need one?
It is a Konzession granted by the FMA under § 4 Abs. 1 BWG to carry on the banking transactions listed in § 1 Abs. 1. Twenty-one heads are in force and four have been repealed, and the live ones run from deposit-taking and lending through safe custody, guarantees, factoring and capital financing to bureau de change. § 4 Abs. 2 lets the concession cover single transactions and exclude parts of them.
How much initial capital does an Austrian banking licence require?
EUR 5,000,000. § 5 Abs. 1 Z 5 BWG requires the initial capital or endowment capital to be at least that amount and to stand available to the directors in Austria without restriction and without encumbrance. It is a condition of authorisation, not a fee: the money stays in the company and § 5 Abs. 1 is tested for as long as the licence lasts.
What is an investment firm licence in Austria, and what capital does it need?
A Wertpapierfirma holds a concession under § 3 Abs. 2 WAG 2018 for named investment services. The initial capital is not in the WAG at all. § 3 Abs. 6 sends you to § 13 WPFG, which sets EUR 750,000, EUR 150,000 or EUR 75,000 by the services the authorisation covers and by whether the firm may hold client money or client instruments.
Is there a smaller Austrian licence for a firm that only advises and passes on orders?
Yes, and it is the route most small applicants are looking for. § 4 WAG 2018 creates the Wertpapierdienstleistungsunternehmen: investment advice and reception and transmission of orders only, seat and head administration in Austria, investment-services turnover not above EUR 2,000,000 a year, no client assets held, Austrian business only, and professional indemnity cover in place of capital.
How much does the FMA charge to decide the application?
The FMA-Gebührenverordnung fixes it by tariff post. Tarifpost I.A.1 is EUR 12,500 for a banking concession. Tarifpost III.B.1 is EUR 10,000, EUR 6,250, EUR 3,750 or EUR 2,500 for an investment-services concession, graded by the capital class it requires. Tarifpost III.B.9 is EUR 9,375 for the branch of a third-country firm. Our own fee is quoted on request.
How long does the FMA take to decide?
For an investment firm there is a statutory period: § 3 Abs. 5 WAG 2018 requires the FMA to tell the applicant within six months of a complete application whether authorisation is granted, and § 23 Abs. 1 says the same for the branch of a third-country firm. The BWG sets no equivalent period for a banking concession. We give no timeline of our own.
Do I need an Austrian company before I can apply?
For a concession of your own, yes. § 5 Abs. 1 Z 1 BWG requires the credit institution to be run as a Kapitalgesellschaft, a cooperative or a savings bank, and § 3 Abs. 5 Z 1 WAG 2018 requires a Kapitalgesellschaft or a cooperative. Kapitalgesellschaft is the Austrian class term covering the AG and the GmbH; the statute names the class, not one form inside it.
Can I register the company as a bank first and get the licence afterwards?
No, and the order surprises people. § 5 Abs. 2 BWG bars the Firmenbuch from entering a credit institution, or any designation protected by § 94 BWG, as the Firma or the business object until the final decisions are produced in original or certified copy. The company is registered first as an ordinary company; the banking identity follows the licence.
Do I need a director resident in Austria?
§ 5 Abs. 1 BWG asks for more than residence. Z 10 requires at least one director to have the centre of their life interests in Austria, Z 11 requires at least one to speak German, Z 12 requires at least two directors with sole representation excluded, and Z 14 requires the seat and the head administration to be in Austria. § 3 Abs. 5 Z 6 WAG 2018 applies Z 10 to Z 14 to an investment firm.
My firm is already authorised in another EEA state. Do I need an Austrian licence at all?
Often not, and establishing that first is cheaper than discovering it late. § 9 Abs. 1 BWG lets a CRR credit institution authorised in another member state carry on the Annex I activities of Directive 2013/36/EU in Austria through a branch or under the freedom to provide services, so far as its own authorisation covers them. § 19 Abs. 1 WAG 2018 does the same for investment firms.
Can I distribute investment products in Austria without a licence of my own?
Two routes exist and both are narrow. A vertraglich gebundener Vermittler acts under the complete and unconditional liability of a single firm (§ 1 Z 44 WAG 2018), must hold a trade licence under § 136a GewO 1994 and is entered in the FMA register by that firm (§ 36 Abs. 5). A Wertpapiervermittler must be a natural person and may hold at most three such relationships (§ 1 Z 45).
What happens if a firm provides these services without authorisation?
Carrying on the banking business defined in Art. 4(1)(1)(a) of Regulation (EU) No 575/2013 without the required permission carries a fine of up to EUR 5,000,000, or twice the benefit derived where that can be quantified (§ 98 Abs. 1 BWG). Any other banking transaction carries up to EUR 100,000 (§ 98 Abs. 1a). Investment services under § 3 Abs. 2 without authorisation carry up to EUR 5,000,000 or twice the benefit (§ 94 WAG 2018).
Ask which Austrian permission your model needs
Send the activity, the group structure and where the clients are. You get the statutory head, the permission, the capital and the state fee.
Related pages
- Crypto licence in Austria. The CASP authorisation, its Annex IV capital classes and the Article 63 clock: crypto license austria cost.
- Payment institutions and electronic money. A separate act and capital ladder, in the payment institution guide.
- The company the licence sits in. Share capital, court fees and the register entry: gmbh austria.
Where this page departs from the usual chain, for the build and for review
- There is no
research/deep/file and nodrafts/briefs/file for this page. It entered at statusqueriesand was taken to finished copy in one pass. The figure table that a brief would carry is section 5 ofdrafts/structure/financial-services-licence-austria.md, and every row in it was read at source today. - The BWG, the WAG 2018 and the WPFG had never been read on this project.
research/facts-austria.mdhas no rows for any of them andresearch/_figure-verification.mdhad no banking or investment-services rows at all, which was checked by grep before the log was cited for anything. Nothing on this page rests on the log. - The SERP is guide-shaped and the page is a service page anyway. Four of the top five on the head query are law-firm reference guides plus the regulator. The reasons for building a service page regardless are in section 1.1 of the structure file. The page answers the routing question first and asks for an assessment, not for an application.
fma.gv.atis not uniformly blocked and the project's standing note says it is. Measured with the project's own checker on 17 September 2026,/en/banks/licensing-notification/returnsok, Englishwith a 29,386 character body while/en/securities-supervision/returnsbot protection. The hard rule was obeyed: no FMA URL is linked here. Flagged in the structure file for a parent decision, because it affects the whole licensing silo.- No comparative claim about other pages appears in the copy, on statute citation, on fees or on FAQ markup. What was measured is in the structure file, where it belongs.