Austrian Business Agency
Austrian Business Agency - Österreichische Industrieaneanlungs- und WirtschaftswerbungsgmbH
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legal form | GmbH |
founding | 1982 (as ICD Austria ) |
Seat | 1010 Vienna , Opernring 3 |
management | René Siegl (Managing Director) |
Branch | Business promotion |
Website | www.investinaustria.at |
The Austrian Business Agency - Österreichische Industrieansiedlungs- und WirtschaftswerbungsgmbH (ABA - Invest in Austria) is the company settlement agency of the Republic of Austria and reports to the Federal Ministry for Digitization and Business Location . The organization is responsible for the acquisition and support of foreign companies that want to set up a branch in Austria. ABA provides information about Austria as a business location and advises international investors on location-related issues.
The company settlement agency was founded in 1982 as ICD Austria by ÖIAG and renamed the Austrian Business Agency (ABA) in 1995. On the occasion of the company's 25th anniversary in 2007, ABA changed its corporate design and is now using the name ABA-Invest in Austria instead of the Austrian Business Agency in order to make the company's purpose more clearly recognizable. ABA-Invest in Austria employs 25 people.
ABA supported many international companies such as Sony, Infineon, Ikea, Matsushita Electric Works, Hutchison Mobilfunk, Holmes Place and Starbucks when they settled in Austria.
A sub-organization of ABA, Location Austria , has been promoting Austria as a location for international film productions since 1997. Location Austria, together with Austria Wirtschaftsservice GmbH (aws), is responsible for handling the funding measures within the framework of the "Film Industry Support Austria" (FISA) initiative. FISA is an initiative of the Federal Ministry of Science, Research and Economy to support theatrical films with a non-repayable grant of 25 percent of the eligible Austrian production costs.
Fields of activity
In the competition for direct investment , Austria competes with the international community. The investment promotion agency promotes the business location and has continued to the goal of improving the image of Austria as an industrial nation. Austria is the fourth richest country in the EU, but is still mainly perceived as a tourism and cultural nation.
The ABA supports foreign companies free of charge in setting up a company in Austria. The investors receive information about Austria as a business location as well as about the economic, political and legal framework. The area of activity of ABA-Invest in Austria also includes establishing all the necessary contacts in Austria as well as providing advice on location searches and providing relevant information for a company, such as cost factors (e.g. wage costs and infrastructure costs), tax aspects or performance of economic sectors in the country. Companies also receive support with expansion investments.
International direct investment
In 2018, ABA-Invest helped to relocate 355 international companies. The total investment was 734.48 million euros and the number of jobs created was 2,888.
108 companies came to Austria from the traditionally strongest investor country, Germany. In the previous year, Germany was responsible for around a third of all ABA projects. With 36 new settlements, Switzerland overtook Italy (28). With 14 companies, the number of start-ups from Great Britain was twice as high as in the previous year (7).
The interest on the part of companies from CEE / SEE countries is also unbroken. With 88 companies, their share was around a quarter of all new ABA settlements in 2018. The strongest were Hungary (17 companies) and Slovenia (14 companies). Russia (10 companies) and Slovakia (8 companies) represented.
Of the resident companies, 32 conduct research and development in Austria and 29 companies are production companies. IT / telecom / software (56) and business-related services (55) are most strongly represented among the sectors. 22 foreign startups chose Austria as a business location in 2018.
Federal state ranking - Vienna ahead of Lower Austria and Salzburg
In 2018, the majority of international companies (182) settled in the capital Vienna (2017: 157). The strongest federal state after Vienna was Lower Austria with 32 companies (2017: 29), ahead of Salzburg with 30 company settlements (2017: 42). 29 companies opted for Styria (2017: 26), for Carinthia 22 (2017: 27). This is followed by Tyrol with 18 new settlements (2017: 26) and Vorarlberg with 16 new settlements (2017: 7). 15 companies went to Upper Austria (2017: 23), six to Burgenland (2017: five). Five companies have locations in several federal states.
year | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
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Companies | 152 | 201 | 256 | 158 | 198 | 183 | 201 | 228 | 276 | 297 | 319 | 344 | 355 |
Web links
Individual evidence
- ↑ Federal Ministry for Digitization and Business Location (BMDW) of the Republic of Austria, www.bmdw.gv.at
- ^ ÖIAG - Österreichische Industrieholding AG, www.oebib.gv.at
- ↑ www.filmindustrysupportaustria.at
- ↑ Eurostat 06/2018, GDP per capita in PPS