Suspension of the trade for special trades – Notification See explanation of the designation of:

Suspension means that the trade licence remains valid, but the trade is not practised for a longer period of time. Only in the case of the following trades

• Builder and construction contractor,
• Commercial financial advice including the brokerage of life and accident insurance,
• real estate trustee (estate agent, property manager, property developer),
• insurance brokerage (insurance agent, insurance broker and insurance consulting)

the suspension has to be reported to the trade authority in advance.

For all other trades, the suspension of business activities must be reported to the chamber of commerce [Wirtschaftskammer Österreich] within 3 weeks.

The suspension of business activities must be notified in advance. Notification after the fact is inadmissible and invalid.

• Notification of suspension of business activities
• Entry of the suspension in GISA [Gewerbeinformationssystem Austria] or the insurance broker register
• Sending of a notification of suspension of business activities to the trader

There are no fees or charges.

The trade authority responsible for the location of the trade:

• the District Authority German text [ Bezirkshauptmannschaft ]
• in Chartered Cities [ Statutarstädte] the Municipal Administration German text [ Magistrat ]
  • in Vienna: depending on the type of business, the office of the Municipal District Authority [Magistratische Bezirksämter] or MA 63 ( → City of Vienna) German text

During the period in which the business is registered as dormant in the GISA and insurance broker register,

• the business may not be carried on,
• no liability insurance is required,
• and the other obligations associated with carrying on the business do not have to be fulfilled.