Austria · Moderate Taxation on Corporate Profits Source: Deloitte Resources Maximum taxation on...
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Austria * *) Where your profits climb to the top
Transcript of Austria · Moderate Taxation on Corporate Profits Source: Deloitte Resources Maximum taxation on...
Austria *
*) Where your profits climb to the top
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Birgit Reiter-Braunwieser
ABA – Invest in Austria October 2014
Business Location Austria
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Ideal Location in the Heart of Europe
Ideal access to
CEE and WE
markets
Excellent
infrastructure
Austrian services
providers have
extensive CEE
know how
Folie 4 Source: Eurostat, Statistics Austria
Facts about Austria: Economy in 2014
Population 8.4 mio
GDP growth + 0.6 %
GDP/capita € 33,640 €
Inflation 1.6 %
Public Debt 81.2% of GDP
Government
Deficit
- 1.5%
Unemployment 4.8%
Trade balance
Capital balance
-4.9 bn.
- 5.5 bn.
GDP Industry
GDP Services
GDP Agriculture
28.7 %
69.7 %
1.5 % …#2 in the EU GDP/capita
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You Know Austria Like This …
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Invest in an Industrialized Country
Source: OECD, Eurostat
Production sector as percentage of GDP, 2013
30,2
28,7
27,5
26,4
24,8
24,4
20,7
19,9
18,8
Germany
Austria
Japan
Switzerland
EU-28
Netherlands
UK
USA
France
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19% „New“ Austrians
Source: Statistics Austria 2013
226,882
208,947
185,592
132,661
74,639
69,859
63,197
45,589
44,209
28,510
27,916
30,017
Germany
Serb, Mont, Kos
Turkey
Bosnia-Herz.
Romania
Croatia
Poland
Hungary
Czech Rep.
Italy
Slovakia
Russia
Foreign citizens Already naturalized
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Motivated Staff Secure Your Success
Source: World Competitiveness Yearbook 2013
10 = Motivation of staff is high
7,87
7,77
7,60
7,59
7,58
7,29
7,00
6,79
6,00
5,60
4,90
4,76
4,65
4,38
Denmark 1
Switzerland 2
Ireland 3
Austria 4
Japan 5
Germany 9
Netherlands 11
USA 16
United Kingdom 30
Czech Republic 35
France 45
Italy 46
Hungary 47
Poland 52
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Highly Productive Employees
Source: European Commission, Eurostat 09/2013
Labor productivity: GDP per person employed in PPS, EU-27=100
167,8
142,6
127,3
115,6
115,2
115,1
108,9
107,9
107
106,2
105
100
72
72
69,8
44,3
Luxembourg 1
Ireland 2
Belgium 3
Sweden 4
Austria 5
France 6
Netherlands 9
Euro area
Italy 11
Germany 12
United Kingdom 13
EU-27
Czech Republic 21
Poland 21
Hungary 24
Bulgaria 27
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Expert Staff for Sustainable Corporate
Success in R&D
Dual educational system
Vocational schools (HAK, HTL unique to Austria)
21 Academies of applied sciences with
offering more than 370 courses
22 public universities
11 private universities
Foreign language competencies
More than 1,000 extra-university
research institutions
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Moderate Taxation on Corporate Profits
Source: Deloitte Resources
Maximum taxation on profits 2014 in %
17
19
19
21
22
25
30
35
33,33
31,4
25
12,5Ireland
Slovenia
Czech Rep.
Hungary
UK
Slovakia
Austria
Netherlands
Germany
Italy
France
USA
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Austrian Expenditures in R & D
Source: Statistik Austria
Estimate 2013 in €
Total: 8,962.33 m Others 153.7
Regions 427.4Companies
3930.9
Foreign 1363 Federal 3087.4
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Austria‘s R&D Expenditures Grow
above Average
Germany Austria
EU-25
Source: Eurostat
*Forecast 2014
2.88 *
As a percentage of GDP
1,5
1,7
1,9
2,1
2,3
2,5
2,7
2,9
1998 2000 2003 2004 2005 2006 2007 2008 2010 2012 2014
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Clusterland Austria
Automotive, railway,
traffic, aviation
Health, Life Sciences
Bio energy, environment
Materials
Food
Human resources,
design, multimedia
Wood, furniture, building
Mechatronics, information
technology, sensor
technology
Information,
communication, logistics
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Investment Incentives for Investors
Subsidies for investments, SME support
and start ups: AWS (Austria Wirtschafts
Service)
R&D: Research promotion agency (FFG)
Training: AMS (Austrian employment
service)
Environmental projects: Kommunalkredit
Export financing and guarantees: OeKB
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Incentives for R&D
Fiscal:
Research premium: 10 %
Subsidies (FFG – Research Promotion
Agency):
up to 50% of total costs for basic and
industrial research can be financed
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Competitive Office Rents Reduce
Your Operating Costs
Source: CB Richard Ellis, 2013
In Euro per m² and year 312
323
360
400
413
436
440
495
555
732
1002
1013
1354
1451
1869
1976
Berlin
Budapest
Vienna
Prague
Amsterdam
Brussels
Warsaw
Rome
Frankfurt
Zurich
Paris
New York
Tokyo
Moscow
London
Hong Kong
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Attractive for More than
300 Regional Headquarters
Sberbank
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Vienna: HQ-Location for International
Organizations & Top Conference City
Vienna: Only UN headquarters in the EU
UN organizations in Vienna:
UNCITRAL, UNODC, UNIDO, UNIDIR, CTBTO,
UNHCR, OIOS, IMOLIN, etc
30 HQs of international organizations in Vienna
More than 14,000 international staff and diplomats
(UN) are living in Vienna
Leading conference city (according to ICCA study)
Skilled HQ staff available
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Unmatched Quality of Life Maximum = 10
Source: World Competitiveness Yearbook 2014
9,73
9,55
9,47
9,38
9,21
8,48
8,33
8,22
7,73
7,56
6,46
4,00
3,69
Switzerland 1
Austria 2
Norway 3
Germany 5
Netherlands 6
France 17
USA 19
Japan 20
UK 22
Czech Rep. 24
Italy 30
Hungary 54
Poland 56
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ABA-Invest in Austria
Opportunities are our business
Advisory services for international
investors
Owned by the Republic of Austria
25 expert staff
International network
Offices in Tokyo & Shanghai
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What ABA can do for you …
Consulting services – fast, non bureaucratic and
free of charge
General information on Austria as a business
location
Market data
Legal and tax issues – contact network
Labour laws, labour costs
Site identification
Information about incentives and public
contributions
Organisation of “fact finding” missions
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ABA-Invest in Austria
Birgit REITER-BRAUNWIESER
Tel.: +43 1 588 58 52
E-Mail: [email protected]
www.investinaustria.at
