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* Where your profits climb to the top. Wilfried Gunka Austrian Business Agency September 2006 Austria Land of Innovation and Gateway to Europe´s Growth.

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Presentation on theme: "* Where your profits climb to the top. Wilfried Gunka Austrian Business Agency September 2006 Austria Land of Innovation and Gateway to Europe´s Growth."— Presentation transcript:

1 * Where your profits climb to the top

2 Wilfried Gunka Austrian Business Agency September 2006 Austria Land of Innovation and Gateway to Europe´s Growth Markets

3 Austrian Business Agency  Official inward investment promotion agency  Provides advisory services for foreign investors  legal and tax regulations  location search  27 expert staff  International network

4 Facts & Figures Currently more than 4,000 inquiries and 500 projects are being worked on Results 2005  123 companies  217.9 m Euro investment  1,310 jobs created

5 Target industries  Automotive  Environmental and renewable engery  IT/Software  Life Sciences  Mechatronic  Tourism

6 Business-oriented education Source: World Competitiveness Yearbook 2006 10=Educational system meets the needs of a competitive economy

7 Austria – Facts 2006 8.2 m. inhabitants GDP growth: 2.6 % GDP/capita: 27,800 € Inflation: 2.3% Emergence of GDP Agriculture: 1.5% Industry: 30.6 Services: 67.8

8 Industrialized country Source: OECD, Eurostat Production sector as percentage of GDP, 2005

9 High productivity/Services Source: World Competitiveness Yearbook 2006 GDP (PPP) per person employed in services 2005

10 Availability of qualified staff Source: World Competitiveness Yearbook 2006 10=Skilled labor is readily available

11 Investor friendly tax system Corporate tax rate: 25% Special group taxation for corporations Attractive allowances for R&D Double taxation treaties

12 Moderate corporate tax Quelle: KPMG; Leitner+Leitner Maximum taxation on profits in % (2006 ) (raise planned to 19% in 2007)

13 Investment Incentives  New technologies/innovative projects  R&D  SME  Training  Environmental projects  Export financing and guarantees

14 Establishing a business in Austria  Investor friendly business climate  Representative Office (Liaison Office) to carry out market research  Limited Company minimum capital: 35,000 €

15 Moderate office rents Source: CB Richard Ellis In Euro per m² and year

16 Austria: The Heart of Europe and Gateway to the East  Ideal access to Central and Eastern European markets  Excellent infrastructure  Austrian service providers´ Central and Eastern European know- how

17 Neighbouring markets Germany: 81,2 m GDP: 1.7% Czech Republic (10,3 m) GDP: +5.4% Exports +12.7% Slovakia (5.4 m) GDP: +6.3% Exports: +13.9% Hungary (10,1 m) GDP: +4.2% Exports: +10.4% Liechtenstein: 0,03 m Switzerland 7,1 m BIP: 1.8% Italy: 58,1 m BIP: 1.3% Slovenia (2,0 m) GDP: +4.0% Exports: +10.0% Croatia (4,5 m) GDP: +4.4% Exports: +10.1% Source: Bank Austria, European Commission forecast 2006 Austria: 8 million GDP: 2.6%

18 Extensive Know-how  Banks  Management consultants  Tax experts  Advertising agencies  Logistics

19 Economic and Social Stability  Predictable legal system  High security  Excellent labor relations  Euro zone

20 High quality of life Source: World Competitiveness Yearbook 2006 Scale: 1-10

21 Regional Headquarters More than 300 international companies have their CEE headquarters in Austria – for example: Bank of Tokyo-MitsubishiBenQ Mobile CEE CanonCoca- Cola FedEx Flextronics GoodyearJVC International Kraft Foods Logitech MazdaMc Donald´s MCI Worldcom Minolta Otis Panasonic Samsung Siemens

22 Austria  One of the most competitive business locations in Europe  High stability, low risk  Flexible, qualified and motivated workforce  Benefit from dynamic, expanding markets  Reasonable costs

23 Austrian Business Agency In China Ms. Jenny Jia Investment Manager Austrian Consulate General Shanghai E-mail: shanghai@austriantrade.org In Austria Mr. Wilfried Gunka International Director E-mail: w.gunka@aba.gv.at Ms. Daniela Derka Executive Assistant E-mail: d.derka@aba.gv.at www.aba.gv.at


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