tori
los angeles,#2REBUTTAL Owner of company
Fri, February 19, 2010
Steven Sears talked about Austria and that Austria is located in the center of Europe to the east of Germany and to the northeast of Italy, which gives it a strategic geographic location for international trade matters. It extends from the Alps to the Danube River. Vienna, the capital is a wonderful, romantic city and is one of the permanent seats of the United Nations. Also, it is one of the wealthiest and most established members of the European Union. Travel to Munich, Berlin, Switzerland and Milan Italy is quick and direct and if you are a skier, you will find some of the best skiing in Europe within the borders of this beautiful country. Austria is a Republic with an elected President. The official language is German however, English is widely spoken as well. It follows the Roman law system, as most of the European countries do. It is politically and socially well established and this fact has contributed to making this country a stable and reliable jurisdiction for people who want to invest in Europe. Since Austria is an export-oriented country, it maintains a sophisticated foreign trade system. Austrias economic system is based on a free market economy, with an emphasis on social factors favoring the economically less privileged sectors. Finally, most of the foreign investors who are willing to establish a holding company in Austria, prefer the limited liability company because it requires lower capital, easier way to change the management, and less financial reporting obligations.