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*Where your profits climb to the top
Wilfried GunkaAustrian Business Agency
September 2006
Austria Land of Innovation and
Gateway to Europe´s Growth Markets
Austrian Business Agency
Official inward investment promotion agency
Provides advisory services for foreign investors
legal and tax regulations
location search
27 expert staff
International network
Facts & Figures
Currently more than 4,000 inquiries and 500 projects are being worked on
Results 2005
123 companies
217.9 m Euro investment
1,310 jobs created
Target industries
Automotive
Environmental and renewable engery
IT/Software
Life Sciences
Mechatronic
Tourism
Business-oriented education
8,0
8,0
7,5
7,3
5,7
5,7
5,5
5,0
4,8
4,4
4,2
Singapore 1
Finland 2
Austria 3
Switzerland 6
Netherlands 17
USA 18
France 21
Germany 24
Japan 28
Great Britain 33
Italy 35
Source: World Competitiveness Yearbook 2006
10=Educational system meets the needs of a competitive economy
Austria – Facts 2006
8.2 m. inhabitants
GDP growth: 2.6 %
GDP/capita: 27,800 €
Inflation: 2.3%
Emergence of GDPAgriculture: 1.5%Industry: 30.6Services: 67.8
30,6
29,7
29,2
26,3
26,6
24,4
24,1
22,3
21,7
Austria
Germany
Japan
Switzerland
EU-25
Netherlands
Great Britain
USA
France
Industrialized country
Source: OECD, Eurostat
Production sector as percentage of GDP, 2005
High productivity/Services
107.518
82.068
81.486
77.100
75.264
71.331
63.009
60.938
58.731
58.058
56.092
Luxembourg 1
USA 2
Belgium 3
Italy 4
France 5
Austria 8
Great Britain 14
Netherlands 17
Germany 21
Japan 22
Switzerland 24
Source: World Competitiveness Yearbook 2006
GDP (PPP) per person employed in services 2005
Availability of qualified staff
7,92
7,24
7,17
6,89
6,85
6,79
6,74
6,56
5,21
5,17
Austria 1
Switzerland 2
India 3
USA 8
Germany 11
Netherlands 12
Japan 15
France 20
Italy 37
Great Britain 40
Source: World Competitiveness Yearbook 2006
10=Skilled labor is readily available
Investor friendly tax system
Corporate tax rate: 25%
Special group taxation for corporations
Attractive allowances for R&D
Double taxation treaties
Moderate corporate tax
16
19
19
24
25
25
30
31,5
33
33,8
38,3
40
40,7
Hungary
Poland
Slovakia
Czech Rep.
Austria
Slovenia
UK
Netherlands
Italy
France
Germany
USA
Japan
Quelle: KPMG; Leitner+Leitner
Maximum taxation on profits in % (2006 )
(raise planned to 19% in 2007)
Investment Incentives
New technologies/innovative projects
R&D
SME
Training
Environmental projects
Export financing and guarantees
Establishing a business in Austria
Investor friendly business climate
Representative Office (Liaison Office)to carry out market research
Limited Companyminimum capital: 35,000 €
Moderate office rents
380
407
440
510
548
567
799
1062
299
333
335
Vienna
Warsaw
Prague
Budapest
Rome
Brussels
Munich
Zurich
Frankfurt
Paris
London (City)
Source: CB Richard Ellis
In Euro per m² and year
Austria: The Heart of Europe and Gateway to the East
Ideal access to Central and Eastern European markets
Excellent infrastructure
Austrian service providers´ Central and Eastern European know-how
Neighbouring markets
Germany:81,2 mGDP: 1.7%
Czech Republic (10,3 m)GDP: +5.4%Exports +12.7%
Slovakia (5.4 m)GDP: +6.3%Exports: +13.9%
Hungary (10,1 m)GDP: +4.2%Exports: +10.4%
Liechtenstein: 0,03 m
Switzerland7,1 mBIP: 1.8%
Italy:58,1 mBIP: 1.3%
Slovenia (2,0 m)GDP: +4.0%Exports: +10.0% Croatia (4,5 m)
GDP: +4.4%Exports: +10.1%
Source: Bank Austria, European Commission
forecast 2006
Austria: 8 millionGDP: 2.6%
Extensive Know-how
Banks
Management consultants
Tax experts
Advertising agencies
Logistics
Economic and Social Stability
Predictable legal system
High security
Excellent labor relations
Euro zone
High quality of life
9,58
9,41
9,41
8,73
8,42
8,29
8,20
7,14
6,90
6,73
Austria 1
Iceland 2
Switzerland 2
Germany 10
Netherlands 14
USA 17
France 18
UK 20
Japan 25
Italy 26
Source: World Competitiveness Yearbook 2006
Scale: 1-10
Regional Headquarters
More than 300 international companies have their CEE headquarters in Austria – for example:
Bank of Tokyo-Mitsubishi BenQ Mobile CEECanon Coca-ColaFedEx FlextronicsGoodyear JVC InternationalKraft Foods LogitechMazda Mc Donald´sMCI Worldcom MinoltaOtis PanasonicSamsung Siemens
Austria
One of the most competitive business locations in Europe
High stability, low risk
Flexible, qualified and motivated workforce
Benefit from dynamic, expanding markets
Reasonable costs
Austrian Business Agency
In China
Ms. Jenny JiaInvestment Manager
Austrian Consulate General Shanghai
E-mail: [email protected]
In Austria
Mr. Wilfried GunkaInternational Director
E-mail: [email protected]
Ms. Daniela DerkaExecutive Assistant
E-mail: [email protected]
www.aba.gv.at
