Fiscal Advantages

Austria became a member of the European Union on 1 January 1995, and is thus entitled to all the resulting advantages pertaining to its economic relations with the other members of the Union. Owing to its tradition developed over hundreds of years, Austria also provides excellent access to the neighbouring states to the east.
 
Numerous promotional possibilities exist for the establishment and expansion of operations in Austria, to the extent that these are not limited by the regulations of the EU. Austria offers as well the following incentives for investment in Austria and for export activities:
 

• A higher growth rate for industrial productivity than most of the industrialised countries,
• More favourable labour costs than for comparable European industrial countries,
• An especially low inflation rate,
• Low credit rates,
• Favourable tax legislation with modest tax rates, especially beginning from 2005, and preferential treatment for holding companies,
• The currency EURO.