Austria

Austria By HuntiT team

It Industry

Usually, Austria associates with a great historical & cultural heritage, with a place, where people would like to have a holiday, but Austria is also a country that experienced fast growing software development for the last 20 years. Austria has a broad range of companies creating software products for every industry ranging from hospital software products up to managing water treatment plants, and they have a global distribution. Moreover, Austria has a very progressive attitude toward e-Government services.  

Visas

To be granted a residence permit in Austria as a skilled worker, you must be a qualified, skilled worker whose expertise is relevant to the job you will be doing in Austria. An entry permit (visa) or residence permit is required for all extended stays and for individuals seeking employment or planning to study in Austria. If the foreign national intends to take up jobs in Austria, he/she must have a separate work permit. A work permit is permission given by the labor authorities for a company to employ a foreign worker. It does not allow a foreign national to travel to or reside in Austria.

Taxes

All person resident in Austria is subject to Austrian income tax on their worldwide income, including income from trade or business, profession, employment, investments, and property. Non-residents are taxed on income from individual sources in Austria only. Non-residents are subject to income tax on Austrian-source income at regular rates (including a fictitious income increase of €9,000. Nonresidents are not eligible for personal deductions.

Cost of living

You can expect to pay about €581 for Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area Vienna, Austria. With €160 for utilities for one month (heating, electricity, gas …) for one person in 45 m2 (480 Sqft) studio.

Monthly ticket public transport will cost you €45, or €1.08 for 1 liter of gas if you drive.

Basic dinner out for two in neighborhood pub will cost you around €32; 2 tickets to the movies about €20; 1 beer in neighborhood pub (500ml or 1pt. – €3,61;

Primary lunchtime menu (including a drink) in the business district – €12.

Vienna, Austria scored 158 points of cost of living index, comparing to 272 points in San Francisco, USA and 67 points in Kiev, Ukraine. (According to Internet research expatistan.com).

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