Austria

Austria offers a unique blend of innovation, quality of life, and economic opportunity within the European Union.

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Vienna

Sources: DG for Communication

Euro (€)

Sources: DG for Communication

German

Sources: DG for Communication

9.2M

Sources: Eurostat

23% Corporate Tax

Tax rate applied to profits of incorporated companies.

Austria's competitive 23% corporate tax rate, recently reduced, signals a strong commitment to fostering a business-friendly environment and attracting investment.

20th in Tax Competitiveness

Global Tax System Efficiency Position.

Ranked among the top 20 globally, Austria's tax system is highly competitive, featuring incentives that drive innovation and international business growth.

Austria is improving its startup ecosystem, offering digital registration processes and a clear path for entrepreneurs to launch their ventures efficiently.

47% on Digital First Score

Measures the digital-by-default availability of key public services.

Austria's commitment to digitalisation is advancing, with more government services moving online to simplify interactions for citizens and businesses.

Austria provides a landscape available to improvement, of funding opportunities, from venture capital to public grants, fuelling startup success.

With inflation projected to stabilise, Austria's economy is on track for price stability, protecting purchasing power for consumers and businesses.

Consistently ranked among the world's happiest countries, Austria's high life satisfaction is fuelled by its stunning natural environment, rich culture, and strong social fabric.

55% Top Personal Income Tax Rate

Progressive personal income tax rates apply in Austria.

Austria's progressive tax system funds world-class infrastructure and social services, while offering deductions that reward investment and support families.

Austria boasts one of Europe's top-ranked healthcare systems, providing residents with exceptional, accessible, and high-quality medical care.

Austria offers an exceptional quality of life with a cost of living that is more affordable than many Western European counterparts, balancing high standards with financial comfort.

14% R&D premium

Deduction of the taxable base for new assets.

Attractive tax incentives such as the investment allowance and a 14% R&D premium, Austria provides powerful tax incentives that encourage business expansion and innovation.

As one of the top 5 most peaceful countries globally, Austria offers a secure and stable environment for families, businesses, and individuals to thrive.

With a robust employment rate over 77%, Austria empowers its workforce, fostering a secure and prosperous environment for all residents.

-0.3% GDP in 2025

Annual real GDP growth rate forecast.

Austria's economy shows a challenge projected GDP, with a reduction of -0.3%.

27th on Ease of Doing Business Ranking

Measures regulatory performance for operating a local firm.

Ranked 27th globally, Austria provides a reliable and well-regulated framework for business operations, ensuring clarity and stability for investors.

€40.90/hr Labour Cost

Average hourly labour cost in 2023.

Austria's labour costs reflect a highly skilled, productive, and well-educated workforce, driving high-value industries and innovation.

Non-EU citizens must present a valid passport and, depending on their nationality, a visa. Short stays require a Schengen visa, while a national visa is necessary for stays longer than 90 days.

EU citizens can enter Austria with a valid passport or ID card. For stays exceeding three months, registration with local authorities is required, along with proof of employment, sufficient resources, or student status.

As a third-country national you can apply for a Red-White-Red Card for start-up founders if you establish a company in order to develop and launch on the market innovative products, services, processing methods or technologies and other requirements.

Austria's diplomatic missions abroad offer a range of services to foreigners and Austrian citizens. A complete directory can be found on the website of the Federal Ministry for European and International Affairs.