Austria – an attractive location for foreign investors
The Federal Ministry for Digital and Economic Affairs has an efficient institution at its side to promote investment in Austria: the Austrian Business Agency (ABA – Invest in Austria) provides international investors with professional consultancy services.
Consultancy services with a global base
ABA, a consulting firm owned by the Republic of Austria, supports international investors planning to locate in Austria by providing extensive services free of charge. ABA is headquartered in Vienna and has an extensive network of consultants.
ABA is remarkably successful in attracting international companies to locate in Austria: On balance, ABA – Invest in Austria has concluded 3.822 projects attracting total investments of EURO 9.17 billion, creating 57.710 jobs, since its founding in the year 1982.
The business results in 2017 achieved by ABA – Invest in Austria are on spite of a difficult business environment positive. The number of international companies setting up business operations in Austria in 2017 rose by 7,8 percent compared to the year 2016. On balance, 344 international companies established business operations in Austria in 2017, an all-time high in the 35-year history of the company. The total investment volume arising from these projects amounted to EURO 723,85 million (705,22 in 2016). On balance, a total of 2.672 new jobs were created (2.622 in the previous year).
At present ABA – Invest in Austria is providing professional support to a total of 740 international companies with a specific interest in setting up business operations in Austria.
R&D investments: Research Location Austria again very successful
The increase in the number of companies investing in research and development in Austria is particularly gratifying. As part of the fifth stage of the marketing campaign "Research Location Austria", which lasts from 1.1.2017 until 30.9.2019, 34 international companies located R&D-relevant business operations in Austria at the end of 2017. These companies created 688 jobs and invested EUR 127,75 million.
ABA scorecard: Strong interest from Germany, China and CEE/SEE markets
Germany was once again the top investor nation in Austria in 2017 with 118 companies, accounting for about one-third of all business location projects handled by ABA.
Interest on the part of companies from Central and Eastern Europe (CEE) and from South East Europe (SEE) is rising sharply. There has already been a traditionally large number of CEE/SEE firms investing in Austria over the last ten years. However, 99 investment projects were from companies in the region in 2017, comprising close to one third of all new ABA business location projects. Slovenia was ranked first (26 companies) followed by Hungary (18), Slovakia (14) and Russia (11). Interest on the part of Chinese companies remained consistently high. Eleven Chinese firms located in Austria in 2017 with the support of ABA, the same as in the previous year.
Broad range of services
ABA offers both general information about Austria as a business location and provides specific consultancy services to foreign investors looking for a site in Austria, assisting them also in completing formalities such as applications for financial support or facility permits. In providing these services, ABA works closely with the industrial location agencies in the Austrian regions (federal states).
The Federal Ministry for Digital and Economic Affairs regards the task of setting the parameters for Austria to be a competitive and attractive location as an important and weighty responsibility.
More detailed information about ABA can be found at www.investinaustria.at
The ABA business unit Location Austria promotes Austria as a film location, actively seeks to attract new international film projects to Austria (cinema and TV productions, documentaries etc.) and provides a wide spectrum of support for realising such projects, free of charge.
During the past twelve years, Location Austria, Austria's national film commission, worked on more than 400 film projects. The most renowned international productions were "Spectre" – the 24th James Bond, "Mission Impossible – The Rogue Nation", the remake of the US-cult movie "Point Break", the medieval HBO-Reality-Show "The Quest", the action comedy "Knight and Day" with Cameron Diaz and Tom Cruise as well as the last but one James Bond – "Quantum of Solace".
In the year 2017, Location Austria intensified its efforts to open up new markets, particularly China and India. At the beginning of 2016, Location Austria entered into a partnership with the globally operating film studio Pinewood Studios, in order to promote Austria as a film location for potential international film productions.
Together with aws (Austria's federal promotional bank for company-related financing) Location Austria takes care of the handling of FISA – Film Industry Support Austria, an attractive film financing model in the form of a non-repayable grant. Since the launch of FISA in 2010, 197 films to the amount of more than EURO 52 million were supported by fundings by the end of 2017.
Due to its membership in the EUFCN (European Film Commissions Network) Location Austria is embedded in a European network. Arie Bohrer, director of Location Austria, is part of the EUFCN-Advisory board since beginning 2015. At the beginning of 2015, EUFCN counted more than 80 European Film Commission-members out of nearly 30 different countries.
More detailed information about Location Austria can be found at www.locationaustria.at, about FISA at www.filmstandort-austria.at