Austria
 

General Information

    Advantages:

  • Well-developed and rich country 

  • Qualified workforce 

  • Political stability and reliable legal system 

  • Excellent infrastructure 

  • Attractive research promotion incentives 

    Disadvantages:

 

  • Highly regulated 

  • High taxes 

  • Demanding consumers 

  • Relatively expensive services 

 

Austria is a landlocked country in Central Europe. It is home to approximately eight million people. Austria is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country is divided into nine states, with Vienna as the capital. Austria is a member of the EU and the Eurozone. The official language of Austria is German, and the currency is the euro (EUR). 

 

Austria's economy has a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. The Austrian economy has greatly benefited from its strong commercial relations to the Central and Eastern Europe (CEE) region, specifically in the banking and insurance sectors. Austria is home to various worldwide famous brands such as Red Bull, OBB, Raiffeisen and Spar. 

Legal Information

Tax Information

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