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Ladislav Bulajcsik

Ladislav Bulajcsik is an associate in Baker McKenzie's Corporate/M&A Practice Group in Vienna. He joined the Firm in 2020 and has more than 7 years of experience advising on M&A and corporate matters. Prior to joining Baker McKenzie, Ladislav practiced corporate and real estate law in several renowned Austrian and Slovak law firms. He is admitted to the Vienna and Slovak Bar Association.

Enhancing flexibility: Austria has introduced the flexible company (Flexible Kapitalgesellschaft, “FlexCo”) as a new type of legal entity. After years of efforts to make its corporate law landscape more attractive to founders and venture capital investors, the Austrian legislature enacted a legislative package in December 2023. It will become effective as of 1 January 2024.

This legal alert aims to summarize the main characteristics of the FlexCo and its differences from the commonly used limited-liability company (GmbH). The conclusion outlines considerations to take into account when deciding whether to incorporate in Austria in the legal form of the FlexCo instead of the GmbH.