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What Makes Austria One of the Best Investment Destinations in the EU?

Written by: Bridgewest

Austria is one of the most prolific economies in Europe, however, because of its geographical location near Germany and small size, there are many facts left unknown to those interested in starting a business here. With a population below 10 million individuals and one of the lowest unemployment rates in Europe, Austria had a real economic growth of 2,4% in 2017. Foreign investors who want to open companies in Austria can rely on the services offered by our company formation consultants.

Austria is one of the richest countries in the European Union

To be more specific, Austria occupies the 4th position among the richest countries in the EU, which makes it one of the most stable economies in the region. With a great infrastructure and high quality of life, Austria has become one of the most appealing investment destinations in Europe, as the two attributes have led to a great purchase power.

Thanks to the stable political system and economy, the government is able to offer many incentives to foreign investors coming to open companies in Austria. Among these incentives are:

  • - tax advantages, such as a low corporate tax and no taxes imposed on wealth;
  • - benefits for those who invest in research and development activities;
  • - low labor costs which are completed by a skilled and educated workforce;
  • - an ideal location which offers great exists to Southeast Europe, but also to Western Europe.

Our company registration agents in Austria can offer information on the legislation related to foreign investments.

Austria as a business location in Europe

As mentioned earlier, Austria’s geographical location is one its main advantages as investors can reach it within a maximum 2-hour flight from any part of Europe. In the last few years, Austria has become home to several international companies from all fields of activities, including banking, innovation and manufacturing.

According to the Organization for Economic Co-operation and Development (OCED), the fiscal reform undertaken by the government in 2016 are the main reason for which Austria has evolved into one of the best economies in the EU.

Our Austrian company formation agents can offer more information on the current laws. They can also help you open a company in Austria, so do not hesitate to contact us.

 

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