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Adminex AUSTRIA

Belvederegasse 2,
A – 1040 Wien
Austria
Tel. +43 1 22100 139
Fax. +43 1 22100 402
General Manager
Magister Robert Riehl
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Magister Robert Riehl
For many decades Robert Riehl used to be director and general manager of various Austrian daughter companies of leading international enterprises. Broad experience in all aspects of general company management both in Austria as well as abroad: Market research, marketing, sales, financial, accounting and controlling. Direct experience in representing companies in various areas, with cash flow, cost control and strategy.

Experienced in early-stage startups as well as mature companies seeking to outsource their administrative processes and management;

Specialties: Business administration, sales and marketing, finance, international business and management. Company representation, negotiations with the third party. Bilingual German/French with perfect business English and some Italian.

Since the opening of the eastern states, Austria has established its first position in investing in the new countries as well as being the natural place for the headquarters of the eastern hemisphere. Therefore, Vienna is the ideal location for new investments and expansion in this area. Austria is one of the safest countries both in terms of living as well as in regards to the social standards with nearly no strikes.

Thanks to Austria’s geographic location at the crossroad of Eastern and Western Europe, direct foreign investment has always been high. Well-developed infrastructures, a skilled and competent work force and high productivity are the country’s strong points. Also export incentives, political stability and low telecommunication costs make the Austrian business climate favourable. Another attractive factor is the fact that Austria has the most attractive taxation system in Europe and does not have a wealth tax or professional tax. Regional investment subsidies, tax exemptions on training (20%) and a training bonus for apprentices guarantees the country’s appeal.

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AUSTRIA

Since the opening of the eastern states, Austria has established its first position in investing in the new countries as well as being the natural place for the headquarters of the eastern hemisphere. Therefore, Vienna is the ideal location for new investments and expansion in this area. Austria is one of the safest countries both in terms of living as well as in regards to the social standards with nearly no strikes.

Thanks to Austria’s geographic location at the crossroad of Eastern and Western Europe, direct foreign investment has always been high. Well-developed infrastructures, a skilled and competent work force and high productivity are the country’s strong points. Also export incentives, political stability and low telecommunication costs make the Austrian business climate favourable. Another attractive factor is the fact that Austria has the most attractive taxation system in Europe and does not have a wealth tax or professional tax. Regional investment subsidies, tax exemptions on training (20%) and a training bonus for apprentices guarantees the country’s appeal.

Though comparatively small, the Austrian economy is highly globalized and resilient. It recovered quickly from the recent global financial crisis and continues to support high levels of prosperity. Openness to global trade and investment is firmly institutionalized and supported by a relatively efficient entrepreneurial framework. Austria has a strong tradition of reliable property rights protection, and the legal system is transparent and evenly applied. Effective anti-corruption measures are in force.

Social and economic stability, combined with highest quality of life, make Austria the ideal location for your investment.

We are experts offering an international solution in the range of Accounting, Tax, Debt Collection, Human Resource, Executive Search as well as Strategic Advice. We assure each client of individual treatment and the highest standards to fulfil the entrusted tasks.

AUSTRIA Insights
  • From 1/03/2014, the disallowance for the part of wages exceeding €500,000 in Austria has come into force. This includes payments..
    Regulation of the law on income tax

    From 1/03/2014, the disallowance for the part of wages exceeding €500,000 in Austria has come into force. This includes payments for work and services performed if these exceed €500,000 per person per financial year. With this prohibition the legislator wished to counteract the increasing growth in the wage differential gap in the payment of income.

    This regulation was considered questionable in terms of constitutional law and was the subject of complaints by the affected companies. As individual applications had initially been rejected for formal reasons, the Austrian Constitutional Court (VfGH) has now ruled on this subject after the Austrian Federal Fiscal Court (BFG) had requested an examination of the law. The result is that the objections to the contested regulation of the law on income and/or corporation tax are unfounded.

    As a result, from 1/03/2014, higher salaries (for these purposes, payment in kind is to be included) are to be absorbed within the framework of effective tax reconciliation and are not tax deductible. The prohibition of deduction does not affect employer’s non-wage costs (employer’s contribution (DB), employer’s supplementary charge (DZ) and municipal tax). For payees, payment of salary is subject to full taxation of 50%. The decision does not affect the deductibility of legal severance payments, even if the severance is more than 500,000 €.

    The limitation of deductibility makes payment of salaries of more than 500,000 € very unattractive from a tax point of view, especially for companies in which the affected managers also have shares. For these companies in particular, it should be considered that – at least for amounts of more than 500,000 € – instead of payment of salary, dividend distributions should be made, which would be subject to Capital Gains tax (KESt) at a mere 25%.

    If the affected managers’ firms are still subject to the regime of the “old version of settlement on dismissal”, before the changeover to higher dividend distributions, additional measures (for example transfers within the group, notice of dismissal pending a change of contract) can be potentially worthwhile options involving termination of the employment status and the payout of a tax-privileged settlement on dismissal on the basis of the higher salary.

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