15
28% 15%Industry
Tourism
As a percentage
of GDP 2016
Austria is a strong industrial location
Austria: Strong Industrial Basis Contribution of productive sector to GDP in %, 2017
Source: OECD, Eurostat 2018
31
30
28
26
25
21
20
20
19
Germany
Japan
Austria
Switzerland
EU-28
UK
USA
Netherlands
France
Source: Statistik Austria 2018
186.841
120.174
117.297
102.270
95.189
77.113
76.682
62.190
40.182
32.429
29.186
Germany
Serbia
Turkey
Romania
Bosnia H.
Hungary
Croatia
Poland
Slovakia
Russia
Italy
„New“ AustriansLargest foreign communities
Top Industries
Life Science Automotive
Electronics Machinery
Source: Eurostat
0
1
2
2
3
4
2000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Forecast
2018
3,19
AustriaGermany
EU-28
Austria‘s R&D Expenditures Grow Above Average, As percentage of GDP
Austrian Investments rank #2 Change of investment quotas between 2007 and 2017 in EU%
Source: Eurostat 2018
1,0
0,6
0,2
0,1
-2,3
-9,1
-10,4
-12,5
-13,4-16,5
Sweden
Austria
Germany
Belgium
EU-28
Bulgaria
Spain
Romania
Greece
Latvia
Expert Staff for
Sustainable Corporate
Sucess in R&D
Dual educational system
Vocational schools (HAK, HTL unique to
Austria)
21 Academies of applied sciences
offering approx. 400 courses
22 public universities
12 private universities
Foreign language competencies
More than 1,000 extra-university
research institutions
New Jobprofiles: E-Coomerce, Coder
FFG | Österreichische Forschungsförderungsgesellschaft | Juli 2018
Comet Zentren und Comet Projektein Österreich
Direct incentives
Mixture between cash grants and subsidized low interest rate loans
Indirect incentive: Research Premium
Tax credit: 14%
Costs of staff and material for in-house research or outsourced to Austrian research institutes
Expert opinion by FFG required
For SME and large companies!
Funding for R&D: Unique!
• Corporate tax rate: 25%
• Modern group taxation
• Tax premium for R&D: 14%
• No trade tax
• Double taxation treaties
Investor-friendly Tax System
Newly Established Companies
• Source: Austrian Economic Chamber
162 per working day
14.161
21.706 21.954
26.035
28.322
31.00130.304
32.712
35.279
36.946
37.05438.636 39.973
2016
2012
2013
2014
2015
2009
2010
2011
2004
2005
2006
2007
2008
• Cost free consulting services
• Company foundation
• Legal and tax aspects
• Location search
• Incentives
• Regulations
• Business contacts
… making your entry in Austria easy
What We Can Do for You
First Contact Evaluation Implementation
General information on Austria
Market data
Legal and fiscal framework
Fact-finding missions
Regulations and labor costs
Site selection
Real estate
Consulting on subsidies
Trade licence
Useful contacts
Assistance in obtaining federal subsidies
Assistance with permits
…for all sectors and types of business from commercial to R&D!
ABA Offers Fast, Non-bureaucratic Consulting and Services – Free of Charge
www.investinaustria.atwww.investinaustria.at
ABA – Your Personal Guide to the Business Location Austria
Birgit Reiter-Braunwieser
Director Central and Eastern Europe
Tel.: +43-1-588 58-52
Peter Ch. Löschl
International Advisor
Tel.: +43 1 588 58 52
E-mail: [email protected]
