Why Doing Business In Austria?

Austria is a country located in Central Europe, known for its rich history, cultural heritage, and magnificent natural landscapes. As a member of the European Union, Austria has a strong economic system, especially in manufacturing, services, and tourism. Its capital, Vienna, is not only the political and cultural center but also the location of international conferences and United Nations agencies, reflecting Austria's important role in international affairs. Austria's geographical location provides convenient access to the European market for businesses, making it a popular choice for the European headquarters of multinational companies.

Austria - Commerce Data - TKEG Expat ™ (Singapore)

TKEG Expat ™ (Singapore) Business Guide

Republic of Austria

Corporate Services in Austria

Business-friendly environment:

Austria offers several tax incentives, including a corporate income tax rate reduced to 23%. In addition, the government has implemented ecological and social tax reforms, providing substantial tax relief for companies and employees, further reducing the overall effective tax burden on businesses.

Supportive governance:

The Austrian government supports foreign investment and provides many conveniences for businesses in terms of tax policies. For example, by providing additional tax credits for low-value assets, increasing investment subsidies for ecological investments, and expanding existing tax incentives for renewable energy produced in Austria.

Close ties to the European market:

As a member of the European Union, Austria provides a convenient gateway for businesses to access the European market. Furthermore, Austria also contributes to enhancing the competitiveness of regional headquarters and minimizing risks when entering new markets through group taxation and international agreements to avoid double taxation.

Tax and fiscal support:

Austria provides a 14% research and development (R&D) tax incentive, allowing full deduction of R&D costs incurred in Austria at the time they arise. This measure further reduces the tax burden on businesses and encourages innovation.

Tax Info

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Administrative Regions

1 - Burgenland

2 - Carinthia

3 - Lower Austria

4 - Upper Austria

5 - Salzburg

6 - Styria

7 - Tyrol

8 - Vorarlberg

9 - Vienna

Belonging Jurisdiction

AT - Austria

Republic of Austria

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EEA - European Economic Area

European Economic Area

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EU - European Union

European Union

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WORLD - Global

Earth

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