Record Number Of UK Businesses Move To Austria

A record number of British companies have left the UK for Austria as Brexit looms with city authorities also now planning to target start-up firms from London.

According to the municipality of Vienna, a record number of British companies have relocated to the Austrian capital in the last year.

During 2017, only seven UK companies moved to Vienna, however last year the number more than doubled to 17.

In terms of foreign companies setting up shop in Vienna, the UK moved from seventh place to second place behind Germany.

Director Gerhard Hirczi of the Vienna Business Agency said that the Austrian capital is “certainly not the only place” to benefit from Brexit.

Hirczi’s agency, which supports companies relocating to Vienna, said that “we have to be content” with recent developments.

A full list of companies making the move to Vienna was not publicly reported.

Local authorities want to promote Vienna as a start-up city in the hope of attracting growing businesses from London and other European cities.

A special package for such companies has been set up and allows business owners to look around Vienna with all costs being paid for by the city.

British ambassador Leigh Turner said that over 10,000 Brits are currently living in Austria, with many of them worried about how Brexit will impact their lives.

In the case of a no-deal, Mr Turner is in close contact with the Austrian Government to assure the protection of British citizens living in the country.

He said: “There are about 11,000 [British citizens in Austria]. Their rights are very important to me and I will try to protect them. We are working on the details here too.”

To find out more about the author, editor or agency that supplied this story – please click below.
Story By: Koen BerghuisSub-EditorJoseph Golder, Agency: Central European News