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If this is so in the jurisdiction of the foreign investor as well, they will certainly be awarethat this is an essential aspect of a foreign investment and will usually pay great attentionto this point.In respect to Austria, the protection of employees and the risks of an employer are setout in chapter five of this Guide. In contrast to all other European countries, Austria doesnot provide for any obligation on the part of the employer to pay hefty terminationcompensation to employees. This is certainly one of the advantages of using Austria as abase for operating throughout the internal market of the European Union.6. For better or worseA further point essential to foreign investors may be pensions and superannuationschemes. When seconding managerial staff from the investor’s home jurisdiction to thehost jurisdiction, or hiring and retaining managers in the host jurisdiction, the issue of acompany pension and superannuation may arise. To avoid any surprises, and inparticular to provide the foreign investor with sufficient information about the Austriansystem, pension and superannuation are covered in chapter six of this Guide.This chapter should in particular help the foreign investor to avoid making promises andcommitments which may be common in the home jurisdiction of the investor but may betoo generous in the host jurisdiction. Once an over generous promise has been made, itis virtually impossible to withdraw it without disappointing and demotivating the localmanager to be hired or the manager to be seconded.7. Information is ValueNo doubt there are other aspects of great importance for a foreign investor beforemaking final decisions and final commitments. Such final points like business licences,regulatory permits, banking rules, payroll procedures etc, require advice by theappropriate professional advisors to be engaged in the host jurisdiction. However, theseare finer points which are important but are not essential knowledge for a foreigninvestor when making contacts overseas and investigating possibilities.- 11 -