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Austria.
Dynamic Business Location.

Austrian Government makes the business location a top priority

Minister Schramböck, Chancellor Kurz, MInister Hofer © BKA

For this reason, it has agreed upon a package of measures to shape the underlying business conditions to make them even more attractive for companies operating here:

  • Ensuring a sufficient supply of skilled employees by creating new apprenticeship professions or modernizing existing ones, in any case with a focus on digitalization i.e. 13 new occupations fulfilling the requirements of modern companies
  • A significant reduction in bureaucracy for firms, especially for SMEs, by eliminating the need for approval procedures for many facilities. In this way, about 1,000 licensing procedures will no longer be necessary, and about 18,000 companies will benefit.
  • Strengthening the service mentality of public authorities
  • Reduction of the tax burden on entrepreneurs
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Vienna’s unique location at the heart of Europe makes it an important centre and very popular with the global pharmaceutical and biotechnology industry. Vienna is where Eastern Europe meets Western Europe. Businesses located at this international hub benefit from well-established infrastructures and highly-qualified professionals. The significant growth in the Life Sciences sector in Vienna over the last few years is an indicator of the momentum in the industry.

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