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Social insurance is a crucial part of the Austrian social security system. It consists of compulsory health insurance, compulsory pension insurance, compulsory accident insurance and unemployment insurance.

The Austrian education system is considered one of the best and can compete in quality with the American education system.

Buying property in Austria involves several stages. As this is not an everyday transaction and is quite complex, it is very important to pay attention to a few points.

A limited liability company (LLC) in Austria is called a Gesellschaft mit beschränkter Haftung (GmbH). A GmbH is a legal entity that can acquire rights and enter into obligations, sue and be sued. A GmbH can be established by one or more persons.

According to Section 23 of the Consumer Payment Accounts Act (Verbraucherzahlungskontogesetz), every consumer legally residing in the European Union has the right to open and use a bank account with basic functions at a credit institution located in Austria, regardless of their place of residence.

According to Section 23 of the Consumer Payment Accounts Act (Verbraucherzahlungskontogesetz), every consumer legally residing in the European Union has the right to open and use a bank account with basic functions at a credit institution located in Austria, regardless of their place of residence.