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 WirtschaftGerman text] within three weeks.