Global Talent Exchange

Austria at a glance

Austria is a popular destination for relocation, known for its high quality of life (above the average of 6.7), excellent healthcare, and rich cultural heritage. The country offers a blend of historic cities, picturesque landscapes (expats who like outdoor activities will definitely appreciate them), and a strong economy, making it an attractive choice. With a well-connected public transportation system and a welcoming attitude towards newcomers, Austria provides a comfortable and secure environment for those looking to settle in Europe.

Capital City

Vienna

Currency

Euro (€)

Languages

German (official)

Population size

Approximately 8.9 million

Time zone

Central European Time (CET; UTC+01:00)

Economic overview

Austria has a highly developed and stable economy, characterized by a strong industrial base, high living standards, and a well-functioning social market economy. It is one of the wealthiest countries in the world in terms of GDP per capita. The Austrian economy benefits from its central location in Europe, which facilitates trade and investment. Key sectors include manufacturing (especially machinery, chemicals, and automotive), services (including banking, insurance, and tourism), and a well-developed public sector.

Austria has a highly skilled labor force and is known for its innovation and technological advancements, particularly in the fields of green energy and engineering. The country's economic policy focuses on sustainability, economic stability, and social welfare.

Austria is also part of the European Union, the Eurozone, and the Schengen Area, which provides access to a large internal market. Despite challenges such as an aging population and global economic fluctuations, Austria maintains a resilient economy with a high standard of living.

Skills in demand

Tourism and hospitality

Healthcare

Engineering and technology

Language and Communication

Green Energy and Sustainability

Logistics and Supply Chain Management

Earning potential

Digital marketing specialist : €45,200

HR generalist : €54,500

Senior recruiter : €45,500

Data analyst : €56,400

UX designer : €51,500

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AUSTRIA

Living and Working Exp in Austria

1. Living and Working Exp in Austria

Safety

Austria is considered one of the safest countries in the world, with low crime rates and a high level of public safety. The country's well-functioning police force, strict law enforcement, and effective judicial system contribute to a secure living environment. Personal safety is generally a non-issue, with low levels of violent crime. Austria's political stability and strong social structures further reinforce its reputation as a safe country.

Healthcare

Austria has a world-class healthcare system, with universal coverage for residents. The system is primarily funded by social insurance, with employees and employers making contributions, ensuring comprehensive medical care for everyone. Healthcare facilities are well-equipped, and Austria boasts a high standard of medical care, both in urban and rural areas. There are state-run hospitals and private medical options available, ensuring a choice for patients.

Education

Austria has a well-developed and high-quality education system, from primary education through to university. The system is publicly funded and offers free education at all levels, including higher education.

Environment

Austria is known for its commitment to environmental sustainability and its beautiful natural landscapes. The country is one of the leaders in environmental protection and renewable energy use in Europe

2. Cost of living

Income Tax: Can exceed 50% when combining national and municipal taxes
VAT: A 25% value-added tax applied to most goods and services
Corporate Tax: Set at 22% on company profits
Taxes: Includes social security and property tax on value

3. Work culture

Punctuality: Being on time is highly valued
Work-Life Balance: Focus on balanced lifestyle and vacation time
Formality: Professional settings are formal, with work-life separation
Teamwork & Independence: Collaboration and initiative are both important

4. Visa & immigration

Visa for Non-EU/EEA Citizens: Required to live and work, with specific eligibility
EU/EEA Citizens: No visa needed to live and work in Austria
Preparation: Non-EU/EEA citizens must prepare necessary documentation
Visa Types: Each visa has its own application and eligibility criteria

5. Taxes