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Austria‘s Advantages at a Glance

InterGest THE ART OF BEING LOCAL WORLDWIDE Austria The Leading Hub to CEE and SEE for YOUR Successful Business. Austria‘s Advantages at a Glance. Austria: Productive Interface between West & East. Investment champion in 6 CEE/SEE countries (incl. banks)

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Austria‘s Advantages at a Glance

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  1. InterGestTHE ART OF BEING LOCAL WORLDWIDEAustriaThe Leading Hub to CEE and SEE for YOUR Successful Business

  2. Austria‘s Advantages at a Glance Austria: Productive Interface between West & East • Investment champion in 6 CEE/SEE countries (incl. banks) • Strong expertise, openness and proximity towards Eastern and South Eastern European markets • 2,79 % R&D - quota: Internationally recognised research centres, 50 clusters/competence centres, substantial development funds (R&D) • Unique Group Taxation & Holding schemes • Top ranking for productivity, very low strike rate • Highly motivated and qualified personnel – “Country of specialists” • Top class infrastructures ( IT/ logistics) • Vienna has most frequented airport from/ into CEE/SEE/Middle East • Excellent quality of life and security

  3. Research Champions Highest R&D expenditures in percentofturnover Austria Source: ABA – Invest in Austria / Goldener Trend 2012

  4. Development Funds/Subsidiesavailableespeciallyfor R&D • 16 billion (!) EUR in 2010 – World Champion for subsidies • Sophisticated development programs for R&D • Taxwise: 10% R&D premium (10%), education allowance (20%) • Projects new technologies/ innovation: ERP - Programs • Projects environmental sector • ECA – financing/ export guarantees • Some institutions are subsidies: • Forschungsförderungsgesellschaft (FFG) • SME - Austria Wirtschaftsservice (AWS) • Kommunalkredit Public Consulting • Austrian Kontrollbank AG (OeKB)

  5. Corporate Income Tax 2012 Source: ABA – Invest in Austria / PricewaterhouseCoopers / Heller Consult

  6. Group Taxation – Perfect Tax System for Medium Size Companies • The idea of the Austrian group taxation is the netting of profits and losses of associated companies. The netting of profits and losses will be done at the holding level. The investment in associated companies has to be more than 50 % of shares and voting rights. • The Austrian group taxation applies also to foreign associated corporations. Therefore the Austrian holding company can use the losses of foreign associated corporations (not the profits). • It is possible to apply the group taxation scheme to more than one holding company in the same group. This is of special concern for joint ventures. • The “good will” of newly acquired associated corporations can be written off over 15 years and will be tax deductible under certain conditions.

  7. Group Taxation –One of several Settings Austria 100 % Result Holding company 90% Losses in a foreign subsidiary can reduce the Austrian tax load Direct Group Member 20% 55 % Loss 35% Indirect Group Member Abroad

  8. Productive labour relations Source: ABA – Invest in Austria / World Competitiveness Yearbook 2012

  9. Motivated Workforce with CEE Migration Background Source: ABA – Invest in Austria / World Competitiveness Yearbook 2012

  10. Destinations to Central and Eastern Europe Source: ABA – Invest in Austria / Airport Vienna, March 2012

  11. Austria: Direct Investments in Central and Eastern Europe Source: OeNB – Statistics 2011/Heller Consult Total Direct Investments into the CEE&SEE Region: 64,188 EUR mil. (2011)

  12. Austria: Direct Investments in Central and Eastern Europe Source: OeNB - Statistics

  13. Vienna – International Hub • 300 International Headquarters in Vienna • International Conventions: Number ONE worldwide (154 conventions in 2010) • Headquarters of UNO, UNIDO, IAEA, EUMC, OPEC and OSCE • Numerous International Schools • Top ONE ranking in Life Quality (ahead of Zurich, Geneva, Vancouver, Auckland) • 16.000 Joint Ventures related to CEE Multinational companies selected Austria for the following reasons: (Market) Proximity Location / Infrastructure Human resources Stability Tax system Source: Headquarters Austria, 2009

  14. InterGest Austria – in cooperationwith „Invest in Austria“ (ABA) Welcomesyou in thebooming CEE and SEE Region using Austria as Hub • Video: Whatdoes ABA do for international investors? • Advisory services for international investors • Owned by the Republic of Austria • 29 expert staff • International network • Offices in New York, Tokyo, Shanghai

  15. Elisabeth HellerManaging Director Phone: +43 1 310 60 10-20 Fax: +43 1 310 60 10-6 elisabeth.heller@intergest.com www.intergest.com/austria Anne Fraydenegg Managing Director Phone: +43 1 310 60 10-42 Fax: +43 1 310 60 10-6 anne.fraydenegg@intergest.com www.intergest.com/austria InterGest Austria Schubertring 9-11 1010 Vienna Austria InterGest Austria Schubertring 9-11 1010 Vienna Austria

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