austria investment climate reasons to invest in austria ... · highly productive employees labor...
TRANSCRIPT
![Page 1: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/1.jpg)
Austria – Investment Climate
Reasons to Invest in Austria - Perspectives
Peter Ch. Löschl, ABA – Invest in Austria
June 2016
![Page 2: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/2.jpg)
Strong Economy in the
Heart of Europe
Area: 83,872 km²
People: 8.5 m.
GDP growth: 0.5% (forecast 2015)
GDP / capita: € 36,980
R&D quota: 3.01%
![Page 3: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/3.jpg)
20% New Austrians
Germany
Serb, Mont, Kos
Turkey
Bosnia Herz.
Romania
Croatia
Poland
Hungary
Czech Rep.
Slovakia
Russia
Italy
Foreign citizens Already naturalized 226,882
185,592
132,661
74,639
Source: Statistik Austria 2015
208,947
69,859
63,197
45,589
44,209
30,017
28,510
27,916
![Page 4: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/4.jpg)
Top Investor: Austrian FDI in CEE
Percentage of total investment in respective country and Austria‘s rank
as investor, 2013
27.3
21.6
17.9
16.2
13.9
13.2
11.8
11.4
10.5
8.1
7.8
3.2
Croatia 1
Slovenia 1
Bosnia-Herz. 1
Romania 2
Serbia 1
Slovakia 2
Bulgaria 2
Czech Rep. 3
Macedonia 2
Albania 3
Hungary 4
Ukraine 5
Source: WIIW (Vienna Institute for International Economic Studies)
![Page 5: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/5.jpg)
You Know Austria Like
This…
![Page 6: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/6.jpg)
… or Like That…
![Page 7: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/7.jpg)
… or Like That…
![Page 8: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/8.jpg)
… but Best Like That
![Page 9: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/9.jpg)
You Are Investing in an Industrial Country
Production sector as percentage of GDP, 2014
30.7
28.4
25.7
25.6
24.4
21.4
20.3
19.9
19.5
Germany
Austria
Switzerland
Japan
EU-28
Netherlands
USA
UK
France
Source: OECD, Eurostat 2015
![Page 10: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/10.jpg)
You Are investing in an Industrial Country
Production sector as percentage of GDP
Production 29%
Services 55%
Tourism & Leisure Ind. 15%
Agriculture 1%
Source: Statistik Austria 2015
![Page 11: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/11.jpg)
Expert Staff for
Sustainable Corporate
Sucess in R&D
Dual educational system
Vocational schools (HAK, HTL
unique to Austria)
21 Academies of applied
sciences offering approx. 400 courses
22 public universities
12 private universities
Foreign language competencies
More than 1,000 extra-university
research institutions
![Page 12: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/12.jpg)
Austria‘s R&D Expenditures Grow
Above Average
As percentage of GDP
Source: Eurostat
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
Austria
Gemany
EU-27/28
* Forecast 2015
3.01 *
![Page 13: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/13.jpg)
Austrian Cluster
Landscape Economic and technological
cooperation
More than 50 clusters
Approx. 3,500 companies
Approx. 420,000 staff
![Page 14: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/14.jpg)
COMET – All Centers in Austria
![Page 15: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/15.jpg)
Via Two Main Program Lines
Subsidies for R&D Projects are Available
„Special programs“
„Top Down“
Thematic calls
„Bottom-up“
Any topic
Any time
„Basic programme“
![Page 16: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/16.jpg)
Austrian Expenditures in R&D
Total 2015: 10,104.44 m. €
Federal 3114
Regions 443.2
Companies 4764.9
Foreign 1529.3
Others 153
Source: Statistik Austria 2015
![Page 17: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/17.jpg)
FFG Structural
Programs
AplusB accent
build!
CAST
INiTS
SPG – Science Park Graz
tech2b
ZAT – Zentrum für angewandte
Technologie
COIN – Cooperation and
Innovation
Research Studio
IraSME
![Page 18: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/18.jpg)
Company Incentives Stages
Pre-Seed Early Stage Later Stage
Basic
Research
Incubator Seed Start Up First
Stage
Second
Stage
Third
Stage
IPO C
om
pa
ny F
ou
nd
ing
Grant
Grant
Grant
Grant
Grant
Direct (soft) loans
Direct (soft) loans
Guarantees
Guarantees
![Page 19: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/19.jpg)
Investor-friendly Tax System
Corporate tax rate: 25%
Modern group taxation
Tax premium for R&D: 12%
No trade tax
No net worth tax
Double taxation treaties
![Page 20: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/20.jpg)
Highly Productive Employees
Labor Productivity, GDP per person employed in PPS, EU-28=100
168.4
144.1
128.9
115.7
113.4
112.8
112.2
107.5
107.3
106.4
102.4
100.0
76.7
73.3
71.7
42.9
Luxembourg
Ireland
Belgium
France
Austria
Netherlands
Denmark
Euro area
Italy
Germany
United Kingdom
EU-28
Czech Republic
Poland
Hungary
Bulgaria
Source: European Commission, 11/2015
![Page 21: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/21.jpg)
No Strikes
Working days lost to strikes per 1,000 employees –
annual average 2005-2013
1
2
5
5
8
9
16
23
53
66
76
77
102
135
139
Switzerland
Austria
Poland
Sweden
Netherlands
USA
Germany
United Kingdom
Norway
Spain
Finland
Belgium
Canada
Denmark
France
Source: WSI - Hans Böckler Foundation 2015
![Page 22: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/22.jpg)
Unmatched Quality of LIfe
Maximum = 10
9.73
9.57
9.51
9.31
9.22
8.68
8.22
8.16
7.95
7.80
7.73
6.99
4.68
3.94
Switzerland 1
Norway 2
Austria 3
Germany 6
Netherlands 7
Belgium 15
USA 18
Japan 19
France 20
Czech Republic 22
United Kingdom 23
Italy 29
Poland 49
Hungary 56
Source: World Competitiveness Yearbook 2015
![Page 23: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/23.jpg)
Attraktive for More than
300 Regional Headquarters
![Page 24: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/24.jpg)
Vienna: HQ-Location for
International Organizations
and Top Conference City
Only UN headquarters in the EU
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
![Page 25: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/25.jpg)
Globalized Economy
Maximum = 100
91.70
91.64
90.51
89.83
87.01
85.78
83.60
82.61
81.97
79.90
80
78.24
75.71
67.86
Netherlands 1
Ireland 2
Belgium 3
Austria 4
Switzerland 5
Hungary 9
Czech Republic 17
France 19
UK 20
Poland 23
Italy 24
Germany 27
USA 34
Japan 48
Source: 2016 KOF Index of Globalization
![Page 26: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/26.jpg)
Peaceful Country
1.192
1.246
1.278
1.360
1.370
1.486
1.534
1.541
1.557
1.774
1.829
1.830
Iceland 1
Denmark 2
Austria 3
Czech Rep. 6
Switzerland 7
Germany 16
Hungary 19
Netherlands 21
Poland 22
Italy 39
France 46
UK 47
Source: 2016 Global Peace Index
1 = state of peace is high
![Page 27: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/27.jpg)
Newly Established Companies
Source: Austrian Economic Chamber
154 per Working day
14.161
21.706 21.954
26.035
28.322
31.00130.304
32.712
35.279
36.94637.054
![Page 28: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/28.jpg)
Startup Ecosystem
Model
© Savannah‘s Startup Ecosystem
![Page 29: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/29.jpg)
Factors for the
Startup Hotspot Austria
High educational level for
technical jobs
Differentiated funding system
Investment-friendly tax system
– 12% tax credit for R&D
expenditures
![Page 30: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/30.jpg)
More Factors for the
Startup Hotspot Austria
Self-organization in startup
clusters and coworking spaces
Supporting network (early-
stage investors, business
angles, incubators)
“Limited company” with 5,000
€
as minimum cash contribution
![Page 31: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/31.jpg)
ABA-Invest in Austria
Opportunities are our business
Advisory services for international
investors
Owned by the Republic of Austria
25 expert staff
International & national networks
Offices in Tokyo & Shanghai
![Page 32: Austria Investment Climate Reasons to Invest in Austria ... · Highly Productive Employees Labor Productivity, GDP per person employed in PPS, EU-28=100 168.4 144.1Ireland 128.9Belgium](https://reader034.vdocuments.us/reader034/viewer/2022042221/5ec70ddeacbaba589e17c462/html5/thumbnails/32.jpg)
ABA – Invest in Austria
Your Contact in Vienna Peter Ch. Löschl
Tel: +43 1 588 58 52
www.investinaustria.at