Austria is an attractive business location and used by many international investors as a hub for Central and Eastern Europe. The legal and economic environment is generally considered stable and favorable to foreign investment. There are only few legislative restrictions on business acquisitions in Austria generally and on acquisitions by foreign investors in particular. Certain requirements regarding merger control and securities laws have to be observed at the national as well as European level. However, the Austrian Takeover Act (as amended in May 2010) stipulates certain regulations that go beyond the EU Directive 2004/25/EC on takeover bids and are specific to Austrian law. Further, the regime of group taxation, introduced in 2005, provides rather unique tax incentives.