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.