Austria shows stringent institutional and regulatory framework conditions, especially complex regulatory procedures, and underperforms in terms of the insolvency regime. The 2017 Insolvency Law Amendment Act allows for a full discharge of debts after a period of 5 years. Moreover, the 2017 Digital Roadmap sets out 150 measures for promoting e-government, open data, open government and open source. E-Foundation for instance allows sole proprietorships and single person private limited companies establishing entirely online via the business service portal (usp.gv.at) that also serves as a central platform for e-government services and one-stop shop for e-procurement. In addition, both, the 2017 Deregulation and Deregulation Principles Acts aim to reduce bureaucratic burdens.
OECD SME and Entrepreneurship Outlook 2019
OECD SME and Entrepreneurship Outlook
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