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Austria.
Dynamic Business Location.

Turbocharger for the business location

cover of government programme

Well qualified and top motivated employees, but above all, employees who are available, are of crucial importance to a flourishing business location. In order to counteract the looming shortage of skilled workers, ABA – Work in Austria supports companies in searching for qualified staff from abroad. In addition, this newly established department of ABA also promotes Austria as a business location and serves as the competence centre for legal issues involving in hiring international professionals.

Within the context of the campaign to attract specialised employees, the government also plans to implement further reforms of the Red-White-Red Card and simplify application procedures. Furthermore, greater importance will be attached to vocational training and apprenticeship occupations will be modernised.

Lower corporate tax rate, less capital for a limited liability company

In addition to reforming the income tax system and decreasing the ratio of taxes and levies, the government programme also definitively plans to reduce corporate taxes. The tax rate should be cut from the current level of 25 percent to 21 percent in the future. The government is also considering the elimination of the minimum corporate income tax amount.
The minimum share capital required for a limited liability company (GmbH) will be reduced to EUR 10,000, which in turn makes things easier for start-ups.

More details regarding the new government programme can be found here

Read more in our blog on Hidden Champions: Austria's Secret Global Market Leaders.

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As a gaming machine and gaming software company, we particularly profit from the high level of education and innovative strength of Austria as a business location. We also value the strong loyalty and commitment of our local employees.

IGT Austria GmbH

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Short-time work is possible for companies regardless of their size and the respective sector in which they operate (with the exception of federal and provincial governments, municipalities, legal persons under public law and political parties).

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To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

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