Why should a foreign Investor do Business in Austria?
Austria's accession to the European Union in 1995, together with its established and continuing economic relations with its eastern neighbours, have acted as a stimulus to the country's economy.
The ongoing changes in Austria's economy, in its commercial and tax law make decision process to a complex challenge. This is where we can help and give advice.
Business in Austria - Your Advantages
- Stability and security
- Productivity and Quality
- World-class educated and specialized
- Central location in Europe
- Austria's tax system
- Perfect conditions
- Research and development
1. Stability and security
Thanks to Austria's participation in the European Currency Union, to the stable political situation and legal system and to the low crime rate, Austria is one of the most secure countries in the world. Your business can grow in a stable economic environment.
2. Productivity and quality
Austrian companies are known for their concentrating on quality. In the World Competitiveness Report Austria has reached 6.85 of 10 points in consistently practicing Total Quality Management.
3. Human Resources: World-class educated and specialized
Austria's educational system is among the best in the world. Its orientation towards the needs of the business world is reflected in the practice-oriented educational system for skilled workers, the variety of vocational schools and the close cooperation between institutes of higher education and business communities.
Specialists work and research on fields such as automotive design, environmental technology, chemicals, pharmacology, biotechnology, new materials, information technology and artificial intelligence.
4. In the Heart of Europe
Austria is on the one hand member of the European Union, and maintains on the other side historically bounded to the East, to the markets of the post-communist countries. These are the best preconditions for building a business and expanding in East and West.
5. Austria's Tax Model
Austria's tax system is known as very business-friendly: low corporate taxation, moderate income taxes and extremely favourable provisions for private foundations.
6. Environment and Culture
Austria is famous for its leisure opportunities: from culture to sports, everybody will find something to enjoy in Austria, which has a living standard that belongs to the highest in the world.
7. Research and Development
There are numerous university research institutes cooperating with companies, and private research centres which make sure that the country remains on top of development.