Austria has a very well-developed research and development sector that has evolved rapidly over the last twenty years. Part of this positive evolution was due to an ongoing policy to boost this business sector but it was also supported by a string outside investment. Our lawyers in Austria highlight the top regions in the country that favor investments in this business sector.
Top three Austrian regions for research investments
According to a report released by Statistics Austria
, the top regions in the country for research and development investments are Styria
, East Anglia
, and Baden-Württemberg
. Other Austrian regions that were included in the top 276 EU regions for R&D were Vienna
, Upper Austria, Carinthia, and Tyrol. These regions are thought to provide essential conditions for positive company development, meeting the needs of R&D investors, both local and foreign.
Styria, which was ranked as the top region out of the EU areas analyzed for this report, is located in the southeast of the country and it is the second largest of the nine federated states. The region has shifted from having an economy based primarily on manufacturing to one based on the services sector. One of our attorneys in Austria
can give you complete information about the conditions for opening a company in Graz
, the second-largest city in the country and the capital city of the region.
Opening a company in Austria
Investors who are thinking about starting a business in Austria
and want to target the research sector should know that there are several types of companies, all suited to different business needs and sizes. The limited liability company, in short, the GmbH, is the most popular type of legal entity among investors.
One of the experts at our law firm in Austria can give you complete information about all of the company formation steps as well as the legislation for foreign investments.
for details about the legal services we provide for corporations and individuals in all of the Austrian regions.