Since 1995 when it joined the European Union, Austria has rapidly ascended as one of the most powerful economies in Europe and one of the most industrially developed countries in the world. Foreign companies with branch offices and subsidiaries in Austria have contributed to the expansion of the country’s economy indicating that foreign investors are very attracted by the business environment here. The high living standards, the infrastructure and the well-developed industry were the main incentives for foreign investors who came to Austria until now.
If you want to open a company in Austria and need assistance with the company formation process, you can rely on our consultants.
Fitch, Moody’s and Standard and Poor’s, the three largest credit rating agencies in the world, have offered high ratings to Austria during the last few years which was a very strong reason for foreign investors to choose Austria as their business destination. Austria attracted foreign direct investments worth an average 5 billion euros in the last few years.
At the moment, Austria is one of the largest exporters in Europe and is one of the easiest countries to do business in, according to the World Bank, which are two other reasons that make this country very attractive to foreign investors who are mainly interested in industries like pharma and research and development. It is also known that the Government offers many tax breaks to Austrian companies in the research and development field.
Our company registration agents in Austria can offer information on the available tax incentives.
Austria is one of the most stable economies in the world and boasts one of the most skilled labor forces in Europe which are some of the most powerful arguments foreign investors rely on when choosing to open companies here. Also, Austria offers one of the most favorable set of foreign investment legislations in the world which is what makes and will make the country one of most attractive places to do business in. Among the industries bound to grow in the following years, analysts say that banking, transportation and agriculture are highly to render the best returns on investment.
For more information on why invest here, you can contact our Austrian company formation representatives.