Reasons to invest in Austria for UK companies - Austrian Business ...

Opportunities

Business and Startup Location Austria

Reasons to invest in Austria

for UK companies

Do you

knowAustria?

# 1 destination for winter sports

AustrianDo you know

Companies?

Every second BMW and MINI is powered

by an engine made in Austria

BMW

ApeironFounded in 2003 by Josef Penninger at

the IMBA

immunoncology with focus on

immunotherapy for children

25 m.€ investment loan from the

European Investment Bank

StartupsAre there

in

Austria?

2008/09: University project

Most successful fitness app worldwide

Runtastic

105 m. registered users

Strategic partnership with addidas: 220 m.€

2013: relocation to Berlin

N26

2019:

Back in Vienna with technology and innovation centre

28% 15%Industry

Tourism

As a percentage

of GDP 2018

Austria is a strong industrial location

Austria: Strong Industrial LocationContribution of productive sector to GDP in %, 2018

Source: OECD, Eurostat 2018

31

30

28

26

25

21

20

20

19

Germany

Japan

Austria

Switzerland

EU-28

UK

USA

Netherlands

France

Region 1

Strong Economy in

the Heart of Europe

Area:

9 countiescapital city Vienna

(1.8 m.)

People:

GDP growth:

GDP/capita:

R&D quota:

Exports of goods and services:

83.872 km²

8.7 m.

2.4% *

€ 40,333**

3.19% of GDP***

55.8% of GDP ****2018: *OECD, **** EU Commission

2019: **EU Commission, *** Statistics Austria,

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

2019

3,19Austria

Germany

EU-28

Austria‘s R&D Expenditures Grow Above

AverageAs percentage of GDP

90 m.customers

420 m.customers

760 m.customers

Your Ideal Access to European Markets and

the DACH region

DACH 100 m.

customers

Austria: 127EU: 100

Market: Rich and wealthyPurchasing power 2018

Top Investor: Austrian FDI in CEEAustria‘s rank as investor and percentage of total investment in respective country, 2018

#1 / 25.6

#1 / 19.6

#1 / 19.6 #2 / 13.9

#4 / 10.3

#2 / 13.1

#3 / 10.8

#3 / 12.6

#7 / 4.3

#2 / 9.4

#1 / 13.6#7

6.9

Economic and

Social Stability

• Safe country

• Efficient public

administration

• Reliable legal system

• High personal security

• Very low strike rate

• + # 1 in quality of life

• Corporate tax rate: 25%

• Modern group taxation

• Tax premium for R&D: 14%

• No trade tax

• Double taxation treaties

Investor-friendly Tax System

• Productivity 16% above EU average

• Motivation rank 2 worldwide

• Dual education: apprenticeship

• Vocational schools (HAK, HTL unique to Austria)

• Dense network of private and public universities

• Modern and flexible labour law

Talent: Qualified and Productive Personnel

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!

Market& Clients

Access to DACH market, 100 mill. People with high purchasing power; central location- hub between East and West

Talent

Truly international talent hub

Financing

Growing VC and business angel scene

Funding

Austria – one of the strongest countries in Europe for public pre-seed funding

Support

We are rolling out the red carpet!

Start Your Business in Austria

Attractive for UK Companies

• 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

Gerlinde Gahleitner

Director UK

Tel: +43 1 588 58 31

[email protected]

www.investinaustria.at

ABA – Your Personal Guide to the Business Location Austria