- Establishment, law & taxes
- Research & development
research premium as a success factor
The research premium continues to be a success factor for Austria’s competitiveness as a business location. Companies can apply for the 14% research premium for research and development expenditures. This research premium was increased from 12% to 14% in 2018. Since then, a significant expansion in corporate research activities has been evident.
In 2017, applications for € 713 million were submitted, compared to about € 758 million in 2019 and 2020. The € 1 billion threshold was surpassed in 2021. In 2022, companies applied for a bonus of € 1.8 billion for more than 9,100 research projects. Approx. 80% of the firms applying for the research premium are small and medium-sized enterprises. The Tax Amendment Act 2022 resulted in the implementation of important improvements for the benefit of companies, including the ability to issue partial assessment notices and the assessment base expanded to include an “entrepreneur’s wage”
The research premium is an important business location factor and attracts innovative companies to Austria. In international competition, attractive conditions are necessary for research and development activities as a means of further enhancing the innovative strength of the national economy. The new regulations also increasingly enable startups and SMEs which conduct research to benefit from the research premium.
Austria as a top location for international headquarters12. January 2024
Austria continues to be an attractive business location for international company headquarters – both for well-known firms such as Boehringer Ingelheim, Henkel, Takeda and the BMW Group as well as for young and aspiring companies operating globally. The country maintains its position as a business interface and ideal starting point for subsidiaries in Eastern and Western European countries, the USA and Asia.
Why set up headquarters in Austria?12. January 2024
There are countless reasons that speak in favour of Austria as a location for your international headquarters! Here we present a small selection: the central location, the lucrative market, stability and security, top-notch infrastructure, tax incentives with unbureaucratic processing, the highest quality of life and affordable prices.
Volkswagen relies on Magna Steyr in Graz12. January 2024
The Volkswagen Group is leveraging the know-how and experience of the Styrian automobile manu-facturer Magna Steyr. For this reason, it has assigned the company the task of developing two models for its new American electric-powered car brand Scout. Featuring a contract volume of € 450 million, this represents the largest single development order ever handled by Magna Stey.