Austria does not have a unitary Environment Law however, business owners are required to observe a collection of laws that regulate issues like waste and water management and the use of chemicals in manufacturing procedures. Our lawyers in Austria highlight the main principles of these laws in this article and can provide you with specialized legal counseling for your company.
According to the International Monetary Fund, the tax cuts implemented in Austria in 2016 contributed to an economic recovery. While the growth was minimal during 2012-2015, it was revived in 2016, mainly driven by private consumption and a recovery of investments in Austria. One of our lawyers in Austria can give you complete information on the investment climate and the current tax regime for companies and individuals.
Austria welcomes foreign investment and encourages entrepreneurs through a series of tax incentives and incentives for research and development activities. The country does not have limits on foreign equity investments and direct investment can take place without Government approval in almost all cases. Our lawyers in Austria outline the most significant incentives or deductions available for investors in the country.