Please note that the Austrian ready made company after the transfer of shares can only open a bank account if the company’s bank agrees to. This is the case after the bank has successfully carried out a KYC compliance check.
The bank usually requires a couple of documents concerning the new owner(s), in particular if the new owner(s) of the Austrian shelf company is a legal entity. The process of collecting the requested KYC compliance documents can take some time.
In case the bank refuses to continue the bank account for the new owner(s) of the Austrian ready made company, you will have sufficient time to open a new account for the Austrian GmbH elsewhere in any country. The balance of the “old” account will then be transferred to the Austrian company’s new account.