Austria#Doing Business in
Gerlinde Gahleitner
13th October, 2020
Hardship-fund for EPU and micro enterprises
Financial support to ensure the liquidity of companies
Measures to reduce liquidity shortages caused by tax
and social security contributions
Corona short-time work
NEW: Investment premium > to stimulate the economy
Support measures for companies
affected by COVID-19
Austria: Strong Economy in the Heart of Europe
Area: 83,872 km²
People: 8.8 m.
9 provinces, capital city Vienna
GDP / capita: € 40,500/N° 4 in EU
Highly export oriented: 55,8% of goods
and services
SMEs as backbone of the economy
Tradition of innovation!
Hidden champion rate per capita similar to
Germany and Switzerland
R&D quota: 3.19% (2019)
Austria is a strong industrial
location
Tourism: 15 %Industry: 29 %
As a percentage
of GDP 2019
Top 5 industry sectors
Electro /Electronics10,9%
Machinery23,3%
Vehicles9,3%
Food6,2%
Chemicals9,2%
Source: Austrian Chamber of Commerce, % of total production
Austria: +66%Total: 12.8 bn € (2019)
EU: +16%
Austria invests in R & DIncrease of R&D expenditures 2000 - 2017
Hidden Champions
▪ among top 3 in the global market
▪ or number 1 in Europe
▪ Annual turnover below 3 billion €
▪ HQ in Austria
▪ Barely known in public (niche
products, mostly B2B)
▪ Privately owned
200 Austrian Hidden Champions w/ annual
Sales < 200 Mio €
& 65 World & European Market Leaders w/
Sales > 200 Mio €
Rosenbauerworld’s leading manufacturer of systems for firefighting & disaster protection;
Staff: > 3,500
Sales network in >100 countries
Sales worldwide: 909 Mio €
Blumone of world’s leading manufacturer of furniture fittings;
Staff: 6,000 in Austria & 8,000 worldwide
Sales worldwide: 1.8 b. €.
Why Austria?Opportunities for international companies
Central European location with ideal access to EU markets
Country framework: High stability & security
Qualified & flexible employees
SupportInnovative technologies & competitive businessenvironment
90 m.customers
420 m.customers
760 m.customers
Your Ideal Access to European Markets and
the DACH region
DACH 100 m.
german
speaking
customers
Strong purchasing power
Austria: 128EU: 100
2019
Source: Eurostat
Why Austria?Opportunities for international companies
Central European location with ideal access to EU markets
Country framework: High stability & security
Qualified & flexible employees
SupportInnovative technologies & competitive businessenvironment
• Corporate tax rate: 25%
• Modern group taxation
• Tax premium for R&D: 14%
• No trade tax
• Dense network of double taxation treaties
Investor-friendly tax system
Why Austria?Opportunities for international companies
Central European location with ideal
access to EU markets
Country framework: High stability &
security
Qualified & flexible employees
SupportInnovative technologies &
competitive businessenvironment
Talent: qualified and productive personnel
• Productivity 16% above EU
average
• Motivation rank 4 worldwide
• Dual education:
apprenticeship
• Vocational schools (HAK, HTL
unique to Austria)
• Dense network of 12 private
and 22 public universities
• Modern and flexible labour
law
Why Austria?Opportunities for international companies
Central European location with ideal access to EU markets
Country framework: High stability & security
Qualified & flexible employees
SupportInnovative technologies & competitive businessenvironment
# High quality of life
Why Austria?Opportunities for international companies
Central European location with ideal access to EU markets
Country framework: High stability & security
Qualified & flexible employees
SupportInnovative technologies & competitive businessenvironment
The Columns of the Austrian Incentives
Schemes
Investments R&D Environment Inter-
nationalisation
Public incentives
Regional level
Federal level
EU programmes
At the regional level:
additional funding and support
Comprehensive Funding System
Austria Wirtschafts-service
funding bank for corporate business development
www.aws.at
Austrian Research Promotion Agency
promotes R&D by companies along the entire innovation chain
www.ffg.at
Austrian Science Fund
promotion of basic research
Direct incentives
One-stop-shop (FFG)
Mixture between cash grants and subsidized low interest rate loans
2018: 618 Mio. € spent
Indirect incentive: Research Premium
Tax allowance: 14%
Costs of staff and material
Even for investment in real estate
For SME and large companies!
Funding for R&D: Unique!
via two main programme lines
Subsidies for R&D Projects are
Available
„Special programmes“
„Top Down“
Thematic calls
„Bottom-up“
Any topic
Any time
„General programme“
Who we are
Austria’s federal consulting
company for international
investors
Free of charge assistance and
information
All sectors and all type of
companies
30 experienced employees
International network
Strong collaboration with regional
agencies
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
Ways to find personnel
…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.at
ABA – at your service!
Gerlinde Gahleitner
Director SEE
Tel: +43 158858 31
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