OTS - 69 CEE Companies Expand to Austria in 2023 (part 2.)
2024. February 27. 11:34
Vienna, 27 February, 2024 (APA/OTS) -
New legal form for startups strengthens the business location
Birgit Reiter-Braunwieser, Director Central and Eastern Europe
at ABA, is optimistic concerning investments in Austria in 2024.
"Austria has developed an enormously dynamic startup ecosystem in
recent years. The flexible company (FlexCo), the new legal form of
business, makes Austria even more interesting as a business
location for founders and startups. Since 1 January 2024, it has
been possible to establish such a flexible and internationally
competitive corporation. The flexible company is particularly
attractive in the early phase and is oriented to the needs of
founders. In addition to simplified corporate regulations, the
focus is on ensuring attractive employee participation in the
success of the company, an important factor for young firms aiming
to win the loyalty of highly sought after skilled workers," Ms.
Reiter-Braunwieser explains.
Stable business environment and DACH test market
Tamás Tar, owner of Procyberconsult GmbH, a cybersecurity
company from Hungary, supporting businesses across the DORA or NIS2
compliance journey with the best-of-breed cybersecurity solutions,
describes the advantages for his company of operating in Austria.
"We discovered an efficient market and a stable business
environment, and the process of establishing the company already
proceeded very smoothly. It is a significant advantage for
companies in knowledge-intensive sectors to have highly qualified
employees available, and we have several well-trained engineers to
choose from. Austria is also a good opportunity for further
expansion if a company intends to enter the German or Swiss markets
later on," he states.
Austria is characterised by a high level of purchasing power
throughout the country. The capital city of Vienna ranks among the
most prosperous regions in Europe with an economic output of
approx. 150% of the EU average. "Due to the manageable size of the
Austrian market, it is possible to test products and services here
without making overly high investments. Accordingly, Austria is a
test market for the entire DACH region of about 100 million
consumers. Moreover, there are a large number of people in the
country with a command of CEE languages due to the historic ties to
and immigration from Southeast and Eastern Europe," says Ms.
Reiter-Braunwieser, emphasizing the advantages of Austria's
position in Europe.
The Polish MLP Group builds green logistics parks and will
construct the first urban logistics and business project on the
Austrian market in the near future. Radosław T. Krochta, CEO &
President at MLP Group, comments on the business location
advantages in Austria: "The flourishing Austrian market is playing
an important role for us in our further development and complements
our portfolio of modern commercial and logistics space on the
German market, which is of major importance for our international
expansion," Mr. Krochta states.
About the Austrian Business Agency (ABA)
As a subsidiary of the Federal Ministry of Labour and Economy
(BMAW), the Austrian business location consultancy Austrian
Business Agency (ABA) strives to make Austria attractive to
international companies, top talents and film producers. With its
three business areas INVEST in AUSTRIA, WORK in AUSTRIA and FILM in
AUSTRIA, ABA consults and supports international companies, skilled
workers and film producers at no cost regarding all issues relating
to the business, research and work location as well as to Austria
as a film location. >> We simply make it easy.
www.aba.gv.at
Contact:
Thomas Schweinberger
Public Relations
Tel.: +43 1 588 58-462
Mobil: +43 676 898 590 62
presse@aba.gv.at
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