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Austria – Investment Climate Reasons to Invest in Austria ... · PDF file Innovation Hub Austria OPEN INNOVATION Excellence in professional Research and Development StartUp Hub &

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  • Austria – Investment Climate Reasons to Invest in Austria - Perspectives

    Peter Ch. Löschl, ABA – Invest in Austria November 2015, Moscow

  • Strong Economy in the Heart of Europe

     Area: 83,872 km²  People: 8.5 m.  GDP growth: 0.5% (forecast 2015)  GDP / capita: € 36,980  R&D quota: 3.01% (forecast 2015)

  • Top Investor: Austrian FDI in CEE Percentage of total investment in respective country and Austria‘s rank as investor, 2013

    27.3

    21.6

    17.9

    16.2

    13.9

    13.2

    11.8

    11.4

    10.5

    8.1

    7.8

    3.2

    Croatia 1

    Slovenia 1

    Bosnia-Herz. 1

    Romania 2

    Serbia 1

    Slovakia 2

    Bulgaria 2

    Czech Rep. 3

    Macedonia 2

    Albania 3

    Hungary 4

    Ukraine 5

    Source: WIIW (Vienna Institute for International Economic Studies)

  • Vienna International Airport – The Leading Hub to CEE and SEE

    Austrian Airlines:

    23 countries

    41 destinations

    559 flights per week

    Source: Vienna Airport

  • 20% New Austrians

    Germany

    Serb, Mont, Kos

    Turkey

    Bosnia Herz.

    Romania

    Croatia

    Poland

    Hungary

    Czech Rep.

    Slovakia

    Russia

    Italy

    Foreign citizens Already naturalized 226,882

    185,592

    132,661

    74,639

    Source: Statistik Austria 2015

    208,947

    69,859

    63,197

    45,589

    44,209

    30,017

    28,510

    27,916

  • You Know Austria Like This…

  • … or Like That…

  • … or Like That…

  • … but Best Like That

  • You Are Investing in an Industrial Country Production sector as percentage of GDP, 2014

    30.7

    28.4

    25.7

    25.6

    24.4

    21.4

    20.3

    19.9

    19.5

    Germany

    Austria

    Switzerland

    Japan

    EU-28

    Netherlands

    USA

    UK

    France

    Source: OECD, Eurostat 2015

  • You Are investing in an Industrial Country Production sector as percentage of GDP

    Production 29%

    Services 55%

    Tourism & Leisure Ind. 15%

    Agriculture 1%

    Source: Statistik Austria 2015

  • Profit from Highly Productive Employees

    263

    132

    130

    128

    124

    124

    108

    107

    107

    100

    Luxembourg

    Ireland

    Netherlands

    Austria

    Sweden

    Germany

    Great Britain

    Euro area

    France

    EU-28

    Source: European Commission, Eurostat (06/2015)

    Labor productivity GDP per person employed in PPS, EU-28 = 100

  • Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100

    168,4

    144,1

    128,9

    115,7

    113,4

    112,8

    112,2

    107,5

    107,3

    106,4

    102,4

    100,0

    76,7

    73,3

    71,7

    42,9

    Luxembourg

    Ireland

    Belgium

    France

    Austria

    Netherlands

    Denmark

    Euro area

    Italy

    Germany

    United Kingdom

    EU-28

    Czech Republic

    Poland

    Hungary

    Bulgaria

    Source: European Commission, 11/2015

  • No Strikes Working days lost to strikes per 1,000 employees – annual average 2005-2013

    1 2

    5 5

    8 9

    16 23

    53 66

    76 77

    102 135

    139

    Switzerland Austria Poland

    Sweden Netherlands

    USA Germany

    United Kingdom Norway

    Spain Finland

    Belgium Canada

    Denmark France

    Source: WSI - Hans Böckler Foundation 2015

  • 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

  • Austria‘s R&D Expenditures Grow Above Average As percentage of GDP

    Source: Eurostat

    1,5

    1,7

    1,9

    2,1

    2,3

    2,5

    2,7

    2,9

    1998 2000 2003 2004 2005 2006 2007 2008 2010 2012 2014

    Austria

    Gemany

    EU-27/28

    * Forecast 2015

    3.01 *

  • Austrian Cluster Landscape

     Economic and technological cooperation

     More than 50 clusters Approx. 3,500 companies Approx. 420,000 staff

  • COMET – All Centers in Austria

  • Innovation Hub Austria

    OPEN INNOVATION

    Excellence in professional Research and Development

    StartUp Hub & Industrial Clusters

    Unique educational system

    and access to Universities

  • Via Two Main Program Lines

    Subsidies for R&D Projects are Available

    „Special programs“

    „Top Down“

    Thematic calls „Bottom-up“

    Any topic Any time

    „Basic programme“

  • Austrian Expenditures in R&D Total 2015: 10,104.44 m. €

    Federal 3114

    Regions 443.2

    Companies 4764.9

    Foreign 1529.3

    Others 153

    Source: Statistik Austria 2015

  • Investor-friendly Tax System

    Corporate tax rate: 25% Modern group taxation

    Tax premium for R&D: 12%

    No trade tax

    No net worth tax

    Double taxation treaties

  • Economic and Social Stability

     Reliable legal system  Efficient public

    administration  High personal security  Very low strike rate

  • Unmatched Quality of LIfe Maximum = 10

    9,73

    9,57

    9,51

    9,31

    9,22

    8,68

    8,22

    8,16

    7,95

    7,80

    7,73

    6,99

    4,68

    3,94

    Switzerland 1

    Norway 2

    Austria 3

    Germany 6

    Netherlands 7

    Belgium 15

    USA 18

    Japan 19

    France 20

    Czech Republic 22

    United Kingdom 23

    Italy 29

    Poland 49

    Hungary 56

    Source: World Competitiveness Yearbook 2015

  • Attraktive for More than 300 Regional Headquarters

  • Vienna: HQ-Location for International Organizations and Top Conference City

     Only UN headquarters in the EU  30 HQs of international

    organizations in Vienna

     More than 14,000 international staff and diplomats (UN) are living in Vienna

     Leading conference city (according to ICCA study)

     Skilled HQ staff available

  • FFG Structural Programs

     AplusB accent build! CAST INiTS SPG – Science Park Graz tech2b ZAT – Zentrum für angewandte

    Technologie

     COIN – Cooperation and Innovation

     Research Studio  IraSME

  • Company Incentives Stages

    Pre-Seed Early Stage Later Stage Basic

    Research Incubator Seed Start Up First

    Stage Second Stage

    Third Stage

    IPO

    C om

    pa ny

    F ou

    nd in

    g

    Grant

    Grant

    Grant

    Grant

    Grant

    Direct (soft) loans

    Direct (soft) loans

    Guarantees

    Guarantees

  • Newly Established Companies

    Source: Austrian Economic Chamber

    14.161

    21.706 21.954

    26.035 28.322

    31.001 30.304

    32.712

    35.279 36.946 37.054

  • Factors for the Startup Hotspot Austria

     High educational level for technical jobs  Differentiated funding system  Investment-friendly tax system

    – 12% tax credit for R&D expenditures

  • More Factors for the Startup Hotspot Austria

     Self-organization in startup clusters and coworking spaces  Supporting network (early-

    stage investors, business angles, incubators)  “Limited company” with 5,000

    € as minimum cash contribution

  • 5 Reasons for Companies to Invest in Austria

    Competitive technologies & innovative business environment

    Qualified & flexible employees

    High stability & security

    Central European location

    Huge market potential

  • Who We Are

     Consulting company for international investors

     Owned by the Ministry of Economic Affairs

     25 experienced employees

     International network with offices in Shanghai and Tokyo

     National network

  • Vigorous Support for International Investors

    Cost free consulting services :

     Company foundation

     Legal and tax aspects

     Location search

     Incentives

     Regulations

     Business contacts

    … making your entry in Austria easy

  • ABA – Invest in Austria Your Contact in Vienna

    Peter Ch. Löschl Tel: +43 1 588 58 52 [email protected] ww