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PREAMBLE<\/p>\n
Establishing business contacts every year as ADVANTAGE AUSTRIA Turkey in terms of supporting finding the right suppliers and business partners, solving problems and taking part in the information flow for Austrian companies in Turkey or coming to Turkey by ADVANTAGE AUSTRIA Turkey’s offices in Istanbul and Ankara, It organizes many events to improve it. At the same time, it is among their other services to provide detailed information about the business environment and market entry in Austria to companies looking for importers, distributors and sales representatives and who want to communicate with Austrian companies. It is possible to get to know Austria and its economy closely thanks to events such as trade fairs, conferences, presentations, summits, B2B meeting organizations organized by Advantage Austria.<\/p>\n
There was a meeting and preliminary interview at the office under the Scope of Consulting Days’ which invites potential investors to\u00a0 learn more about the investing opportunities in Austria! Via Austrian Business Agency \/ ABA – INVEST in AUSTRIA<\/a><\/p>\n Cheers Appreciation and Respect to Highness<\/p>\n It was my pleasure to meet with Mr. Peter Ch.L\u00f6schl\u00a0 International Adviser of ABA- Austrian Business Agency ABA at\u00a0 ADVANTAGE AUSTRIA, the Trade Office of the Consulate General of Austria office at Gayrettepe \u0130stanbul. It was very inspiring for my research to hear a few tips on the intricacies of investing in Austria in a short time from someone who is quite impressive in terms of his knowledge and breadth of vision, as well as his kindness and sincere answers to questions.<\/p>\n It was again pleasure to meet with Legal Counsel Arcan Kemahl\u0131 \u00a0LL.M, who is one of the key lawyers of Yal\u00e7\u0131n Babal\u0131o\u011flu Kemahl\u0131\u00a0Law Firm (YBK) i YBK who accompanied to Mr.L\u00f6schi \u00a0throughout the meeting . So First of all, I would like to sincerely thank Mr.L\u00f6schi and Mr.Arcan\u00a0 for realizing\u00a0 our meeting \u00a0and PRELIMINARY \u00a0interview with Mr.L\u00f6schi. \u00a0Again, I would like to thank to the hospitality rendered. Thanks to everyone in the crew who contributed to the realization of this meeting, Team of Advantage Austria and Ms. Nazmiye.Ayk\u0131\u015f .And of course thanks to Mr. Mag.Gerhard Lackner ,that meeting realized with his kind approval and consent.<\/p>\n FORMAT OF THE INTERVIEW :<\/p>\n To make sound and viable formuated questions 2\u00a0 main reference used.<\/p>\n 1.Preliminarmy meeting with \u00a0<\/strong>Mr. Peter Ch.L\u00f6schl<\/p>\n 2.Scientifically proven Researh based \u2013media based \u2013 Facts and Issues by Cigdem Yorgancioglu :<\/p>\n 3.Interview questions and answers.<\/p>\n OVERTURE<\/strong><\/p>\n Austrian Business Agency ABA<\/strong><\/p>\n You had thoughts about living and starting a business abroad or expanding your existing business in a prosperous country,. You wanted to make investment. Then you faced various, sometimes consecutive, obstacles in your life that made you think you couldn’t meet them. Curious question comes to mind like; how to rent business premises in Austria or how to acquire property. Property acquisition by foreign aliens, permits and licenses required, as well as tax law, , issues regarding equity and debt financing Again you think doing Business and invest in Austria among the European countries. It may be possible to establish a new business or invest in an existing business. In fact, by taking viable, smart guidance through the right channel, and taking the power of this behind, any business that is taken with determined, assertive, reliable and confident steps gradually will be successful. You may need experts comprising advising body, economists, accountants and financial analysts, investor relations managers, business and securities attorneys, to ensure your success and to ensure avoidance of dispute as possible.<\/p>\n Professional, Individually-Tailored Advice by ABA (Austrian Business Agency )<\/strong><\/p>\n There is ABA for strategic, tactical, managerial, legislative and technical advice for foreign entrepreneurs and investors, to establish their business in Austria.<\/p>\n International entrepreneurs and businesses are always welcome in Austria. One can establish a company, be a managing director or acquire a company. Austrian law stipulates a variety of companies. In this way, you select precisely the types of firms that fit ones needs (e.g., in terms of liability, taxes, etc.) as long as people do the legal business.<\/p>\n INVEST in AUSTRIA informs and advising people\u00a0 previously coming to Austria, backings them\u00a0 during the whole stages of investment including the backing and care\u00a0 even after relevant\u00a0 project is completed.<\/p>\n If anybody in Turkey intent to establish a company, expand or set up a research facility Austrian Business Agency (ABA) is ready to ensure your company successfully commences operations and propagates in Austria.<\/p>\n Branch of foreign business Foreign entrepreneurs or business entities wishing to perform entrepreneurial activities in Austria may establish a branch office \u0130N Austria (Zweigniederlassung) 1 . The criteria described in subsection 1.1 apply in regards to citizenship status as a requirement to obtaining a license for conducting a business or trade.<\/p>\n FACT :<\/strong> The foreign entrepreneur or business entity will be subject to tax in Austria on the income from the Austrian branch office. Even if the Austrian branch office is not registered with the Commercial Register, the office maintained in Austria can constitute a \u201cbranch establishment\u201d for tax law purposes. Potentially, a mere room, e-mail address or fax machine in Austria may suffice for such purposes, providing it can be used for business purposes and transactions may be initiated and carried out from said object.<\/p>\n Question<\/p>\n Cigdem Yorganc\u0131oglu<\/strong>:What\u00a0 is the case\u00a0 the Austrian branch office is not registered with the Commercial Register ? How the tax system works without commercial registration ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>With a branch office, the foreign owner (or business) is holding all rights and risks. However, this branch needs a tax number and VAT number, (it is not registered in the books of companies) but is noticed by the Tax-number. At the year end the tax declaration for the whole operation ( foreign owner and local branch in Austria) has to be delivered to the Austrian Tax Authorities ( as well as to the tax authorities in the home-land)<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>: <\/em>When we look at the Austrian business world in general, it is important for the foreigner investor to know the attitudes and tendencies of the final buyers in Austria \u00a0regarding the products and services in the sector in which they invest. How is the degree of determination shown by the buyers in meeting their business commitments?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :The rule of law is governing the Austrian businesses \u2013 most of the transactions are international tradings and as such local trends\u00a0 play a role in the food and fashion business or in touristic sectors<\/strong><\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>Would you please elaborate the function of Enterprise Europe Network Austria (EEN) and how ADVANTAGE AUSTRIA and\/or Austrian Business Agency ABA cooperate with them ?<\/strong> Cigdem Yorganc\u0131oglu <\/em><\/strong>What is the role of The Austrian Federal Economic Chamber (WKO) and how ADVANTAGE AUSTRIA and\/or Austrian Business Agency ABA cooperate with them\/linked to them <\/strong>\u00a0?<\/p>\n Mr. Peter Ch.L\u00f6schl: <\/strong>WKO is financed through the Austrian companies and as such is a independent organization. Advantage Austria is part of the WKO and is providing services for Austrian companies to promote and to support international business. Advantage Austria has offices worldwide.<\/p>\n ABA is owned by the Republic of Austria and reports to the Ministry of Economy.<\/p>\n There is a good and close cooperation between the two organization, driven by the wish to serve the Austrian economy.<\/p>\n RENEWABLE ENERGY \u2013ENVIRONMENTAL CONCERN-SUSTAINIBILITY<\/p>\n INVESTMENT \u2013GRANTS-\u00a0 SUBSIDIES -INCENTIVES<\/p>\n Facts :ENVIRONMENTAL FUNDINGS<\/p>\n If one is\u00a0\u00a0 active in the field of environmental and climate protection, Austria offers an occasion like\u00a0 the central funding instrument “Environmental Funding in Austria\u201d (UFI). It supports people\u00a0 in making investments in environmental and climate protection measures. The fields of renewable heat, energy efficiency and climate-friendly mobility comprise the top priorities. Funding id obtainable for you regardless of how great your company is.<\/p>\n ABA suggesting\u00a0 few The best addresses for your company funding\u00a0 like ;Austria Wirtschaftsservice Gesellschaft mbH (aws),Austrian Research Promotion Agency (FFG),Environmental Funding in Austria,Austrian Hotel and Tourism Bank (\u00d6HT),Funding Compass\u00a0\u00a0\u00a0 Success Storie<\/p>\n FACT: Related to renewable energies there is a law entitled \u201cthe Green Electricity Act\u201d which\u00a0 control and regulates the campaign of power generation from wind power, photovoltaics,, solid, liquid or gaseous biomass, landfill or sewage gas and geothermal energy with feed-in tariffs and hydropower (up to certain MW) with investment support. Each year, a fixed quota is available for new contracted renewable energy plants; the level of feed-in tariffs is set by ordinance. Financing is provided by a pay-as-you-go system through end consumers.<\/p>\n H.Cigdem Yorganc\u0131o\u011flu:<\/strong> Austria is at the lead of technologies that support protection of\u00a0 the environment and cultivating sustainability,. This comprises waste management, recycling, energy efficiency, renewable energy, air pollution and water management, ecological e label products and services . What kind of activities do you carry out in this regard in line with the objectives of ABA and Foreign Investors (Turkish Investor)? How the funding mechanism works ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :\u00a0 <\/strong>ABA is supporting all business, as long as they are with in the rules of law. If it is within the field of renewable energies. We provide the all our knowledge and guidance ( as you mentioned the\u00a0 various funding organizations )<\/p>\n Once a company is formed in Austria, it has all the same rights (and duties) as any other Austrian company.<\/p>\n FACT :<\/strong> During our interview with Mag.Gerhard Lackner<\/strong>\u00a0 last month he highlighted the fact that Advantage Austria\u00a0 two offices (\u0130stanbul-Ankara) are organizing events for green technology, circular economy and renewable energies and they are working closely together with the related stakeholders in T\u00fcrkiye for all their events.<\/em><\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong>:How ABA guides\u00a0 corporation\/enterprises in their transition to further sustainable,efficient \u00a0business models?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong><\/p>\n Our focus is on supporting incoming investments.<\/p>\n For the structure or business models of the interested companies we do advice or interfere, nor do we focus on transition to sustainability. I am sure there are good consulting companies on the market.<\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong> Both Advantage Austria and ABA are\u00a0 on the path of\u00a0 smoothing the \u201cbest match\u201d for the\u00a0\u00a0 companies \/investors with the right business partners. What kind of criteria(S) \u00a0are taken into consideration in this regard ? I mean KPI.<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 : <\/strong>As mentioned above, Advantage Austria is part of the Austrian Chamber of Commerce, and I am sure they have a system to measure, but I am not privy of it.<\/p>\n ABA is measuring \u201cgrosso modo\u201d the amounts of Investment, number of workplaces generated and the importance of an investment for Austria<\/p>\n Cigdem Yorganc\u0131oglu<\/em><\/strong>: \u00a0What do you think about \u00a0the most suitable ecological business areas of investment in Austria and Turkey in terms of feasibility , fast ROI (Return of Investment ), \u00a0quality, stability and efficiency?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 : <\/strong>This depends all on the Investing company, but of course, there are many discussions ABOUT SHORTENING of supply chains, Life Sciences, mobility, CO2Thematics……..<\/p>\n Cigdem Yorganc\u0131oglu\u00a0 <\/em><\/strong>Wind energy is the 2nd<\/sup> prominent renewable electricity resource in Austria after hydropower.What kind of investement advantages available in Austria ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>This is currently a moving target.<\/p>\n Prices for energy are currently falling again, and subsidies have the purpose, to make a field interesting, even when the result of selling does not match the cost for production plus profits. When the prices were soaring, all was good business \u2013 now we have to see.<\/p>\n Cigdem Yorganc\u0131oglu\u00a0 <\/em><\/strong>\u00a0The share of hydropower generation in the Austrian electricity mix is quite promising. If I am not mistaken, during our first meeting, you also pronounced a rate of around 70%. As Cigdem Yorgancioglu, in my opinion, contextual thinking is important in terms of making smart investments and getting quick returns on these investments. In this respect, if we think about it from a broad perspective, it is possible to connect the power of water with the steel industry and the construction sector from a broad perspective.<\/p>\n What would you like to say about the investment prospectives and how the system\u00a0 works? And what does it offer to Austrian Businesspeople and of course Turkish potential investors in this regard?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 <\/strong>The efforts undertaken to manage the change from fossil to renewable are huge, the challenges even larger. Green steel, replacement of ois as base for plastic, mobility and alternatives,<\/p>\n Many research projects will have to be successful, and there is not a single country, all countries will have to move. So are the Chances for investments. We have to leave it to the far- sight of investors, to find the proper field (and none of those projects have a short-time return)<\/p>\n FACT : The court fees for entering the GmbH in the Commercial Register are, generally, between \u20ac\u00a0350 and \u20ac\u00a0500. Under the Austrian Promotion of Start-Ups Act (German acronym: NeuF\u00f6G), newly formed business may be allowed to obtain an exemption from court fees.<\/p>\n Cigdem Yorganc\u0131oglu\u00a0 <\/em><\/strong>\u00a0:How about investment in terms of startups in Austria ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>If a Startup has moved from pre-seed to the seed and scale up process, it might be the time to go international.<\/p>\n Next to the large corporationm which are supporting startup, thre are quite some hubs to generate some traction for the startups.<\/p>\n For 3rd country citizen, there is a special Red-white-red Card for startups founder with 2 yyear validity ( if necessary wirh extension) \u2013 again FFG (research promotion agency) is supporting startups, provided the new product or service is of relevance and has scientifiv aspects.<\/p>\n The city of Vienna gas an yearly program \u201c VIENNA UP\u201d, an event in Beginning June with hundreds of startups fathoming their chances in Vienna.<\/p>\n FACT-<\/strong>GREEN EVENT \u201cAutomobile industry favours diversity for powertrains and energy sources\u201d<\/p>\n In May 2023 \u2013 44th International Vienna Motor Symposium took place in Vienna on which the Automobile and utility vehicle manufacturers from around the world discoursed solutions for a climate-neutral mobility and aimed reduction of greenhouse gas emissions<\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong>:Would you please clarify if there was any business investment opportunity available there for Turkish people (foreigners)based on the yields of mentioned Symposium ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong> Austria is strongly committee as strong supplier to European car industry and has some key players delivering services and products;\u00a0 chances for any investor depend very much on the products and services in the portfolio.<\/p>\n FACT<\/strong> :commitment to ecological protection and contributes to refining your company\u2019s image and repute. At that point, the EU Ecolabel is an EU widely recognized ecolabel for environmental excellence is very important. Because labeled products empowers consumers and procedures to make sustainable choices. Furthermore it generates business opportunities.\u00a0 EU Ecolabel upsurges the distinguishability and visibility of the goods\/products on the whole EU market, equally in stores and online.<\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong> What kind of business opportunities are available in Austria \u00a0for Turkish investors\u00a0\u00a0 \u00a0in terms of eco-friendly products and services?<\/p>\n Mr. Peter Ch.L\u00f6schl :<\/strong>It all depends on the type of products and service \u2013 I suggest to have a look !<\/p>\n FACT<\/strong>: Austria has been seeking alternative sources of gas while racing to fill its gas storage facilities since Feb 2022 Russia’s invasion of Ukraine “Power plants and industrial companies working on upgrading\u00a0 their systems for dual operation to the extent that it is technically and economically feasible. That means that plants can run on natural gas as well as on other energy sources -Austria obtains 80% of its natural gas from Russia but greatest of its electricity comes from hydropower and it uses relatively little gas in power plants.\u00a0On the other hand gas play an imperative role in industries\/manufacturing\u00a0 like steel and paper, and in heating system.<\/p>\n One of the significant advantages of hydrogen is its ability to be stored for\u00a0months\u00a0without losing power through discharge, making it an attractive option for long-term energy storage. In comparison, lithium-ion batteries can only store energy for a\u00a0couple\u00a0of hours<\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong> :So 2 issues come into mind for foreign investors\u00a0 gas storage and electricity storage. Would you please elucidate these 2(two) \u00a0interwoven issues\u00a0 with visionary perspective for investors ?<\/p>\n Mr. Mr. Peter Ch.L\u00f6schl: <\/strong>\u00a0Bio Gas storage and Electricity storage will be one of the deciding factors to our destiny.<\/p>\n R&D is the name of the game \u2013 first solutions are on the market, and it is big money investment with high return.<\/p>\n The solution on fermentation for food for animals and humans will lead to attractive biogas \u2013 any investor needs time \u2013 and a perspective.<\/p>\n FACT<\/strong>: Hydrogen produced from the relevant process can be stored and converted back to electricity when required, providing balancing power for the grid. Most significantly, it can be burned when required\u00a0without<\/a>\u00a0releasing any GHG emissions means low carbon-print. One of the significant advantages of hydrogen is its ability to be stored for\u00a0months<\/a>\u00a0without losing power through discharge, making it an attractive option for long-term energy storage. In comparison, lithium-ion batteries can only store energy for a\u00a0couple<\/a> of hours.<\/p>\n Question<\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong> :Pumped hydroelectric storage (PHS)\u00a0is currently one of the most widely used forms of energy storage.\u00a0In the meantime The production of green hydrogen through electrolysis powered by renewable energy sources like solar and wind offers a\u00a0promising<\/a>\u00a0solution for long-term energy storage.\u00a0What are the horizons available in Austria for foreigner\u00a0 green\u00a0 investors ?<\/p>\n How about the Fermentation of forest and industrial\u00a0residues<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>Conversion of glucose as well as xylose to ethanol needs some new fermentation technologies,\u00a0 to make the whole process cost effective.\u00a0One of the main Goals of an effective pretreatment process is to reduce energy demands.\u00a0 Biomass drying systems -and fermentation\u00a0 for energy applications<\/p>\n Energy Storage Solutions are linked with Global Food Suppy<\/p>\n DIRECT QUESTION<\/strong><\/p>\n H.Cigdem Yorganc\u0131o\u011flu<\/strong> How ABA\u00a0 helping foreign investors especially in the field of Renewable energy\u00a0 accomplish\u00a0 and\u00a0 realizes their sustainability goals \u00a0\u00a0?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>Whoever wants to invest into those fields, needs the access to the existing research projects and existing undertakings.<\/p>\n It will be up to the investor to decide, if this will satisfy him or his co-Investors. The main focus on most options is still on R&D \u2013 so we help to establish the necessary network, access to R&D resources and nurture those projects.<\/p>\n FACTS ISSUES and QUESTIONS <\/strong><\/p>\n From the legal perspective , After Austria\u2019s \u201cRenewables Expansion Law\u201d (EAG), adopted in March of 2021, The government incentive involved in this legislation is a \u201cmarket premium\u201d subsidy for renewables like wind, solar, or biomass producers.\u00a0 The premium would provide subsidies only when production or manufacturing\u00a0 costs are greater than the price that producers can recover in the electricity market. This replaces the current system of guaranteed feed-in tariffs, which were often considerably higher than market prices. That is the mechanism . Another facts and figures are further central element of the law features investment grants. Operators can apply for grants for the construction of small photovoltaic systems or wind turbines (up to 1 MW capacity), the conversion of biogas plants to \u201cgreen\u201d gas or hydrogen production, and for electricity storage facilities.\u00a0 The government will determine the grant amount based on the volume of the installations, with a cap between \u20ac40 and \u20ac60 million ($47-71 million) per year.<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>So based on those\u00a0 facts and figures\u00a0 ; and again based on our preliminary interview\u00a0 in which you mentioned\u00a0 about the\u00a0 equal treatment for all investors; as Turkish people invest and establish Business in Austria they will be \u201cequally treated\u201d like other investors in Austria which means that they can\u00a0 benefit from such incentives and subsidies ?Even taxation is not different for locals or foreigners. There is no discernment in this regard . Is that true ? And If so how ABA would guide potential investors in this regard?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong> As soon as a Company in Austria is established, this will be treated exactly as every other company) no matter who the owner is).<\/p>\n As mentioned earlier, we can establish links to the existing programs, research projects or help to establish a new R&D Project.<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:<\/p>\n Cigdem Yorganc\u0131o\u011flu<\/strong> : Concerning the Energy and climate protection programs of the federal states and municipalities, many cities and municipalities have formulated strategies with varying degrees of liability for their respective sphere of influence. So At this point, can we talk about an investment\u00a0 opportunity that can be evaluated carefully and skillfully for Turkish investors?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 : <\/strong>With every project there is a related risk factor \u2013 there are local players as well.<\/p>\n There are investments opportunity (e.g. 3rd<\/sup> parties were engaged to finance the switch from traditional lamps to LED )<\/p>\n Renewable Energy Cooperatives <\/em><\/strong><\/p>\n FACT &ISSUES The mayor of Stanz im M\u00fcrztal is building a renewable energy cooperative and it comes with a whole new economic model At the eastern tip of the Alps in Austria ,small town of\u00a0Stanz im M\u00fcrztal\u00a0where a genuine\u00a0renewable energy revolution\u00a0is developing. The municipality of Stanz launched a programme to create\u00a0one of Austria\u2019s first renewable energy cooperatives. The initiative was spearheaded by the local\u00a0Mayor Friedrich Pichler,\u00a0who explained that the ultimate goal of the project is to include 100% of the residents in the cooperative based on the sources of different medias. He has an\u00a0 article, published by the\u00a0ORF,\u00a0Austria\u2019s national broadcasting service, saying that citizens will be able to collect renewable kilowatt hours they have produced and track that on their mobile phones like airline miles. He went a step further, by suggesting that locals would be able to\u00a0exchange surplus kilowatts\u00a0and say, go to the store and buy eggs with energy.<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:The quality of a good energy storehouse is to provide power in the case of energy failures. .Storing and providing the extra energy to the clients and consumers with less power loss, with a abridged cost, is important issue how the surplus can be valued in this regard ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong> The net for transporting electricity have been built to transport power from ones source to many users.<\/p>\n Wind and Sum are producing day and night \u2013 and delivering the power backwards. and the nets are not strong enough. Local hubs are part of the answer.<\/p>\n Env\u0131ronmental Concern<\/em><\/strong><\/p>\n FACT<\/strong> :An integrated business facilities permit will be required for certain facilities which are capable of causing particular nuisances to the environment as a result of air, water and soil emissions (\u201cIPPC facilities\u201d). These include, inter alia, facilities in the power sector, chemical industry, metal industry, etc. Special requirements in terms of environmental protection, technology, accident prevention, etc., must be met in order to obtain such approvals. For the purposes of accident prevention, the so-called Seveso III business facilities bear enhanced obligations. These are facilities which work on a larger scale with certain hazardous materials (chlorine, ammonium nitrate, etc.). In such cases, the owner is required to prepare a safety plan and a safety report. These are subject to regular audits.<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:Does ABA provide additional \u00a0consultancy services \u00a0as well in such audit processes after the establishment phases of the company are completed? If so (if answer is \u201cYes\u201d), is this chargeable consulting\u00a0 ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong> Answer is NO. There are specialists on the market, supporting those projects.<\/p>\n Clean Energy <\/em><\/strong><\/p>\n FACT :<\/strong> Much of Austria’s energy comes from clean sources. Based on various resources averages Austria’s power generation mix is already very green, with\u00a0over 77%\u00a0currently coming from renewable sources, mostly hydro and wind. The new legislation aims to reach 100% renewable electricity in 2030 by adding 27 renewable Terawatt\/hours to replace fossil fuels that currently supply 23% of the market.<\/p>\n On the basis of Summary of the European Commission assessment of the draft National Energy and Climate Plan 2021-2030 Austria has a very determined sectoral objective of a 100% renewable electricity system by 2030, which could be an opportunity for highlighting, in the final plan, the interactions with the energy efficiency, energy security and internal market dimensions of the Energy Union and with future trends in energy sector like…<\/p>\n A number of energy projects are promising the Austrian motorway operator a sustainable future, with the hope of electrical independence by 2030. The\u00a0\u00a0energy sectors\u00a0have one of the foremost roles to play in driving forward international policy and supporting investors, developers and funders with the challenges and opportunities that are coming their way.<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:How\u00a0 to seize the \u0130NVESTMENT opportunities for the mentioned facts above ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>2030 is very close, \u00a0<\/strong>I cannot fathom, if there are specific investment-options for foreign investors and with what conditions. However, if there is an interested investor, we can support the contact with one or more stakeholders.<\/p>\n FACT:<\/strong> The most important fair in the field of environmental technologies and waste management “IFAT Eurasia International Environmental Technologies Fair” took \u00a0place between 27.-29.04. in Istanbul- T\u00dcYAP Fair and Congress Center Istanbul. ADVANTAGE AUSTRIA \u00a0was \u00a0participating with 10 Austrian companies at the fair and presented \u00a0the newest technologies.<\/p>\n Cigdem Yorganc\u0131oglu: <\/em><\/strong>\u00a0Was there any involvement of ABA during that fair in terms of advising potential investor from Turkey on those technologies and sector ? And any business investment initiatives\u00a0 are taken .<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong>No, we did not participate.<\/p>\n On 17 July 2021, the Austrian government passed the\u00a0Renewables Expansion Act\u00a0(Erneuerbaren-Ausbau-Gesetz) which was aimed at covering 100% of Austria\u2019s domestic energy consumption with renewables by 2030 and making the country climate neutral by 2040.<\/p>\n The act calls for a\u00a01-billion-euro annual investment scheme\u00a0aimed at everything from photovoltaic systems, wind farms, biogas and hydropower. In addition, it features the so-called collective amendment, for creating private, non-profit orientated energy communities.<\/p>\n The idea, according to a government press release, was to encourage small groups of people, say, neighbours, extended families or small businesses to pool their resources together and take an active part in Austria\u2019s energy transition.<\/p>\n Austrian Recovery & Resilience Plan \/ 1.Sustainable Construction \/ Climate neutral transformation – Renewable Expansion Act<\/p>\n Source: IEA\/IRENA Renewables Policies Database<\/p>\n Last updated: 18 November 2022<\/p>\n Cigdem Yorganc\u0131oglu<\/em><\/strong> Knowing the fact that ,On the path of decarbonization\u00a0 The Austrian government passed the\u00a0Renewables Expansion Act<\/strong> (Erneuerbaren-Ausbau-Gesetz) on 2021.The Act \u00a0was aimed at covering 100% of Austria\u2019s domestic energy consumption with renewables by 2030 and making the country climate neutral by 2040.Regarding the \u00a0encouragement of communities and\u00a0 public acceptance of renewable energy to\u00a0 make it easier to attract private investments in the clean energy transition;<\/p>\n Was there any network activity or any virtual matchmaking event organized by\u00a0 ABA or INVEST AUSTRAIA\u00a0 to enable Foreigner Clean Energy Investors (Turkish Investors) and Communities\u00a0 come \u00a0together \u00a0to accelerate Climate neutral transformation -transition compliant with Austrian Sustainable Recovery & Resilience Plan(s)?<\/p>\n Cigdem Yorganc\u0131oglu<\/em><\/strong> By 2030, Austria aims to generate by 100% of the country’s electricity from renewable energy sources, with one million roofs to produce solar electricity, all built in Austria, with 260 million EUR investment to be covered in the next two years.\u00a0 \u00a0 \u00a0\u00a0What kind of investments would be attractive for Turkish people in this regard ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 : <\/strong>Again, 2030 is very soon.There is currently a shortage on certain parts \u2013 there might be a opportunity,<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:What kind of legally accepted professional Company structure\/establishment \u00a0\u00a0would be attractive for Turkish people in this regard ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong> we usually suggest a GmbH \u2013 (Limited) which is the most used formation in Austria.<\/p>\n EMPLOYEMENT \u2013WORK PERMITS<\/p>\n FACTS<\/p>\n For Seconded Aliens\/Foreigners – Secondment Authorisation<\/p>\n FACT <\/strong>:The term ‘secondment’ designates an arrangement under which an employee is temporarily assigned to work either for another part of their employer’s organization or for a different employer within the same group, or for a different, ‘host’ organization, such as an employer’s client or business partner. In a transfer, the employment relationship to transferred to the new employer (i.e. the original company is no longer the employer), whereas in a secondment situation, the employee remains under the employment of the original company but may perform work for the secondee company.<\/p>\n An international secondment is\u00a0when your company sends you to work in a different country, either for a different branch of that same company or another company. 2\/ Unlike an expatriate, you’ll remain employed by your home country, meaning you won’t need to change your residency or tax status.<\/p>\n Expatriation and secondment do not have the same consequences: for example, an expat is no longer a tax resident in his\/her home country. But a seconded worker is still considered as one. But it is mainly from the point of view of social protection that the differences are felt.<\/p>\n Secondments should amount to a minimum of\u00a0six months, and not exceed a period of two years.<\/p>\n Again with the terms; the term external secondment denotes to\u00a0the temporary transfer of an employee from one organization, the releasing employer to another, the host organization, for an agreed period of time.<\/p>\n A secondment can be a significant change for an associate, and they may not know what to expect in their new role. Taking a secondment may also make an associate unsure about their future within the firm, which can lead to anxiety and stress.<\/p>\n FACT<\/strong> : An entrepreneur in Austria may only employ an alien if an employment authorization or secondment authorisation has been issued for that employee or if a confirmation of notice or an EU secondment confirmation (for seconded aliens; see also subsection 3.4) has been issued, or the employee holds a valid work permit or exemption certificate. The public authority in which jurisdiction is vested is the regional office of the Austrian labour market service (German acronym: AMS).<\/p>\n Regarding the minimum secondment period?<\/p>\n Secondments should amount to a minimum of\u00a0six months, and not exceed a period of two years.<\/p>\n Cigdem Yorganc\u0131o\u011flu<\/strong> :<\/p>\n How the Question Formulated ?<\/strong> As I understood from our first meeting, there is no hiring, recruiting \u00a0and direct and permanent employment occasion offered\u00a0 (From Turkey) for those who invest in Austria from Turkey. However, it is sometimes possible to employ temporary staff from Turkey for a limited and reasonable period of time, up to a maximum of 5 or 6 months. I suppose it is based on \u201c Secondment of foreign employees from third countries to Austria Foreign employees employed by a foreign employer from a third country who lack an office within the Austrian federal territory will, as a general rule, require employment authorization. Where the work being performed does not last longer than six months\u201d However, in the construction sector employees always need employment authorization, would you please clarify further and what is the motivation of legislation for such sectoral exception<\/p>\n Apart from this , there is a\u00a0 \u201cred white which was created long before\u00a0\u00a0 in order to introduce, flexible system of immigration in Austria. The aim of this measure is to enable qualified workers from outside the EU, as well as their family members, to migrate to Austria on a permanent basis, pursuant to criteria that apply both in individual respects and in line with labour market policy. The red white red card is issued for a 24-month period and grants authorisation for temporary.<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:How we relate\u00a0 RED wh\u0131te \u00a0CARD with Turkish\u00a0 investors and people or is it allied ?<\/p>\n Simple \u2013Direct Question :<\/strong><\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:Considering the facts mentioned above; How the employement systems work for Turkish people wanted to work for Turkish Investors\/Companies in Austria\u00a0 ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 : <\/strong>I ask to refer to the link for migration<\/em>: www.migration.gv.at<\/a><\/p>\n FACT &ISSUES Based on the EU Association Agreement with Turkey, relief is available for the extension of employment permits to Turkish employees who have been legally employed for at least one year. This relief also applies when employment authorization is being issued to that employee\u2019s family members for the first time<\/p>\n Cigdem Yorganc\u0131oglu <\/em><\/strong>:Is it possible to elaborate the part about Turkey a little more, ? What should Turkish investors do in terms of general procedures\u00a0 if they need to bring in employees for certain jobs from Turkey when necessary or if the deadlines need to be extended? Or If ABA still will be involved\u00a0 in such stages even after 1\u00a0 year ?<\/p>\n Mr. Peter Ch.L\u00f6schl\u00a0 :<\/strong> Again I refer to : www.migration.gv.at<\/a><\/p>\n RESEARCH AND DEVELOPMENT \u2013R&D<\/p>\n ATTARCTIVE SECTOR FOR INVESTMENT<\/p>\n![\"\"](\"https:\/\/www.enerjigazetesi.ist\/wp-content\/uploads\/2023\/06\/01-2-1024x460.jpg\")
<\/p>\n![\"\"](\"https:\/\/www.enerjigazetesi.ist\/wp-content\/uploads\/2023\/06\/02-2.jpg\")
(granting of loans to Austrian subsidiaries) and foreign exchange law are of particular relevance and will thus be touched upon as well. Rules on book-keeping, financial statements, accounting, internal control systems, tax rules, trade law rules, employee protection rules, environmental rules, unfair competition law and the competition law itself, Then, foreign language became a distinct challenging issue. When your process of mastering the subject was insufficient by saying that we do not know the legislation, multifaceted regulatory issues for international transactions, maybe you push such thought in the back of your mind. After a while, you said yourself there are also other obstacles and difficulties you think you cannot cope with it yourself . So finally you closed that book which I mean \u201cInvest in Abroad \u2026Actually you wanted to Invest in Austria. After a while, you started to hear new things. \u201cGuiding free of charge\u201d .\u201d attractive funding options\u201d and more\u2026 in Austria\u00a0 And you said “I wonder” \u2026is it possible? It may be possible!<\/p>\n
\nMr. Peter Ch.L\u00f6schl :<\/strong>There a re quite some undertakings on the EU level to support international business and trans-border activities \u2013 and where ever there are\u00a0 advantages, we cooperate with EEN.<\/p>\nGreen Investments – Green Transition,\u00a0 Next Generation Batteries \u2013\u00a0Renewables – EU Ecolabel- Eco-Friendly Products And Services<\/h4>\n
Surplus Energy Perspective And Renewable Energy Cooperatives<\/h4>\n
FACTS :The Renewables Expansion Act<\/h1>\n
TURKEY- EU Association Agreement with Turkey<\/h3>\n