ABA – Invest in Austria: Best Destination for Investment in Innovation Europe 2019
Austria boasts a business-friendly environment, attractive tax benefits, modern infrastructure, skilled workforce, and occupies an important strategic location. ABA – Invest in Austria promotes the country as an ideal destination for new business ventures. ABA – Invest in Austria is the national investment promotion company and as part of the national Economic Development Agency Austrian Business Agency (ABA), the first point of contact for international investors looking to enter the market. ABA – Invest in Austria employs a team of 30 professionals (fluent in 12 languages) whose extensive regional and sectorial expertise provides support and consulting services tailored to individual interests — completely free of charge. Founded in 1982, the company is owned and operated by the Republic of Austria and overseen by the Federal Ministry for Digital and Economic Affairs. Since its launch, ABA has created over 60,500 jobs and attracted some $10.9b in investments. Last year, the company assisted 355 international companies to set-up business operations in Austria, resulting in the creation of nearly 3,000 jobs and investments totalling $809m. ABA – Invest in Austria explains the advantages of doing business in Austria, starting with a favourable corporate tax scheme which allows for a 14 percent rebate on R&D spending. ABA – Invest in Austria connects Austria-based enterprises with public and private funding to fuel innovation, particularly in the sciences and technology. ABA appeared on the radar of the CFI.co judging panel last year through its efforts in establishing Austria as a tech start-up hub. As ABA – Invest in Austria continues to hit — and exceed — its 2019 goals, the judges expect another record year. Congratulations to ABA – Invest in Austria, winner of the 2019 award for Best Destination for Investment in Innovation (Europe).
