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Austria.
Dynamic Business Location.

The Business Location Austria and its advantages

Attractive business environment

  • Austria is the fourth richest country in the EU
  • Above-average purchasing power of Austrian consumers
  • Excellent infrastructure
  • Modern and efficient public administration
  • Highest quality of life

Stability and Security

  • Political stability and reliable legal system
  • High personal security

  • Good relations between employers and employees

  • Low strike rate and high level of social peace

  • Outstanding level of energy security

Tax advantages

  • Low corporate tax rate

  • Group taxation scheme

  • No wealth or trade tax

  • Cutting-edge Austrian trust regulations

  • Attractive research promotion incentives

Productivity

  • High labor productivity and low unit labor costs
  • Top motivated and highly qualified employees

Central Location

  • Ideal East-West business hub
  • Location for 380 CEE headquarters of multinationals
  • Coordination headquarters for about 1,000 foreign companies
  • Competent consultants with extensive CEE know-how
  • Leading flight and freight logistics hub to Eastern Europe

Business-oriented education

Economic data of Austria

  2016 2017 2018*)
Real GDP growth rate (percentage change on previous year)
2.0% 2.6% 2.7%
Gross domestic product
(at current market prices)
356.24 billion € 369.90 billion € 386.15 billion €
GDP per head of population
(at current market prices)
37,480 € 38,190 € 39,290 €
Gross fixed capital formation
(Gross fixed capital formation)
23.2% 23.6% 23.9%
Employment rate
(Proportion of resident population in gainful employment)
76.2% 76.4% 76.4%
Unemployment rate 6.0% 5.5% 4.9%
Inflation rate 1.0% 2.2% 2.1%
Research and development expenditures
(percentage of GDP)
3.15% 3.16% 3.17%
Export rate
(as a percentage of GDP)
37.1% 37.9% 38.4%

Quelle: Eurostat, European Commission (Ameco database), Austrian Institute of Economic Research, Statistics Austria (04/2019)

Population

Austria is home to roughly 8.8 million people. Its employment rate of around 76.4% is above the EU-28 average of 73.3 percent.

The country's official language is German. However, Austrians also have an excellent knowledge of foreign languages. The vast majority of Austria's resident population speaks English, but there is also a large number of Austrians with a sound knowledge of Eastern European languages.

Political Environment

The Republic of Austria is a parliamentary democracy. Its legislative organs are the National Council, the Federal Council, and the provincial parliaments.

The 183 members of the National Council as well as the members of the nine provincial parliaments (for each federal province) are elected directly, while the members of the Federal Council are elected by the provincial parliaments.

For further information regarding the facts and figures of Austria, please have a look at our factsheet:

Factsheet: Key Facts of Austria (PDF, 107 kB)

If you are interested in more information about the business location Austria, download our brochure:

Brochure: Business Location Austria (PDF, 732 kB)

Austria: a smart location for business

Folder: A smart location for business (PDF, 305 kB)

Interested in Austria - Invest in Austria

Presentation about the Business Location Austria

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Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Doing Business in Austria

    20.3.2020, Manchester, UK

Austria Map

Find the perfect location for your company

Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

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news from the business location Austria

Supercomputer VSC-4 in operation: computing power for research

Austria’s most powerful computer is now in operation and is being used for scientific purposes.

Articles of Association in Austria: what you should know

If a business consisting of at least two people is established in Austria, it is considered to be a company. The rights and duties of the individual partners, for example the management, profit and loss sharing, agreements in the case of the death or retirement of a partner or the dissolution of the company are regulated in the memorandum and articles of association.

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