Austria’s strengths are its stable economy, its location at the centre of Europe, and its skilled and highly productive workforce. With its Ease of Doing Business ranking of 27/190, Austria provides excellent conditions for FDI in capital-intensive industries and R&D, making significant tax breaks available. Tax incentives are also available for job-creation and R&D projects in underdeveloped and rural areas.
Germany, Russia, and USA account for more than half of Austria’s FDI, though Italy, Japan, Switzerland, UAE, and UK are also major investors. FDI is mainly in professional, technical and scientific activities, finance / insurance, trade, real estate, chemistry and pharmacy, administrative activities, and the manufacture of transport equipment. Renewable energy also offers enormous investment potential.
Austria has traditionally attracted significant amount of FDI thanks to its location at the intersection of Eastern and Western Europe. However, with its small domestic market, it is heavily dependent on its neighbours, and therefore affected by them. Labour laws and regulations are restrictive, and there are rigid immigration laws.
AUXADI can become your ideal investment partner in Austria. From our office, located in Austria, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.