Introduction

If you are an entrepreneur or thinking about becoming one, Austria is a great place to set up shop! It is one of the top countries in Europe for entrepreneurs because of its strong economy, high quality of life and low taxes.

A great place to start a business.

Austria has a highly qualified workforce, a good quality of life and tax benefits for entrepreneurs.

The Austrian economy is booming. The country has one of the lowest unemployment rates in Europe (3.5% in 2018) and its economy grew by 3% annually between 2008 and 2018, according to Eurostat data. This makes it an attractive destination for foreign investors looking to start their own business or expand their existing operations into Austria. However, before you jump on board with your new venture there are some things that you need to know about starting up in Austria:

Tax benefits for entrepreneurs.

You can also benefit from a range of tax breaks for entrepreneurs, including:

●     Tax breaks for start-ups.

●     Tax breaks for research and development (R&D).

●     Tax breaks for investment in equipment and machinery.

●     Tax breaks for investment in staff training schemes, including internships.               You may also be eligible to receive a deduction on your company's headquarters or premises if they are located in Austria or another EU member state.

Highly qualified workforce.

Austria is a highly educated country. Around 85 percent of its population has completed secondary education, one of Europe's highest rates. In addition, Austria has one of the highest standards of living in the world and it's ranked as one of the most livable countries in Europe by The Economist Intelligence Unit (EIU).

Austria is also home to many multinational companies like Siemens AG, Bosch GmbH & Co KG and Voestalpine AG--which means there are plenty of job opportunities available for qualified professionals from all around the world!

Austria's economy grew 3% last year due to its strong trade links with neighboring countries Germany and Switzerland as well as other European nations such as Italy or France

High quality of life in Austria.

Austria is a great place to live. It's one of the most beautiful countries in Europe, with numerous castles and Alpine villages. You can enjoy hiking, skiing, or just relaxing on the beach at Lake Constance.

Austria also has a low crime rate compared to other countries in Europe (or even America). The healthcare system is excellent; medical care is free at all public hospitals and clinics unless you want some special treatment like surgery or cosmetic procedures (which are still very affordable).

The standard of living here is high as well; wages are higher than average for Europe but lower than other English-speaking countries such as Canada or Australia--and if you're thinking about moving here permanently then it may be beneficial because there are many things that are cheaper than back home such as food items like milk/eggs/butter etc..

If you are an entrepreneur or thinking about becoming one, Austria is a great place to set up shop!

If you're an entrepreneur or thinking about becoming one, Austria is a great place to set up shop!

Austria has a high quality of life and offers many benefits for entrepreneurs. It's the right place for entrepreneurs who want to start their own business, because it has:

●     A well-developed infrastructure (including transportation, telecommunications and energy supply) that supports business activities

●     An educated workforce with good qualifications

●     A stable political system which ensures legal certainty

What are the requirements to set up a business in Austria

●     Register with the Commercial Register

●     Register with the Tax Office

●     Register with the Social Security Office

●     Register with the Employment Office (Arbeitsmarkt Service)

You will also need to register your business with local authorities and other administrative bodies, such as:

Can non-residents set up a business in Austria

Yes, you can set up a business in Austria.

In order to do so, you need to have a permanent residence in Austria and be able to provide evidence of this. You also need to have a valid passport or ID card with photo (which must be valid for at least three months after entering the country). If you are not from the European Union but hold an EU citizen's passport or ID card (for example because your spouse is from another EU country), then it must be valid for at least three months after entering Austria.

Can non-residents apply for a business bank account in Austria

Yes, non-residents can apply for a business bank account in Austria. You'll need to have a valid address in Austria and provide a copy of your passport and visa. You will also need to provide proof of residence, such as an official letter from an Austrian landlord stating that you live at their property and the number of months or years (if less than one year) that you have been living there.

Conclusion

We hope you have found this article helpful. If you have any questions about starting a business in Austria or would like to discuss your options further, please contact us today!

Please note that a jurisdictions’ requirements may change from time to time. Please contact us for current requirements in this jurisdiction.