AUSTRIA
is one of Europe’s wealthiest countries, offering a very high quality of life to its people. With awe-inspiring natural attractions and a well-developed and stable economy, Austria makes for an outstanding place of residence.
Requirements
Approximately EUR 50,000 in liquid funds, German language skills, permanent accommodation, and private healthcare insurance
Key benefit
Freedom of travel to Austria, the rest of the EU, and Europe’s Schengen Area
AUSTRIAN RESIDENCE BY INVESTMENT
An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. A residence permit is initially issued for one year and can then be renewed without problems or interruptions. After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship.
BENEFITS OF AN AUSTRIAN GOLDEN VISA
Opportunity to establish residence as a person of independent means
Visa-free access to all Europe’s Schengen Area states
Possibility for citizenship eligibility after 10 years of residence
Attractive lifestyle and healthy environment
Excellent transport and communications
Austria golden visa requirements
Only a select number of applicants will be chosen, due to the strict annual quota of around 300 individuals in place. To acquire residence under the Austria
PRIVATE RESIDENCE PROGRAM, APPLICANTS MUST FULFIL ALL THE FOLLOWING REQUIREMENTS. THEY MUST:
Have approximately EUR 50,000 in liquid funds on a bank account, the amount of which will increase depending on the size of their family.
Provide proof of permanent residential real estate (either purchased or leased), where they and their dependents will live.
Have private healthcare insurance.
Have documented German language skills (at A1 level).l
APPLICANTS ARE ALSO REQUIRED TO:
Personally submit the mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence.
Obtain a special visa at the Austrian embassy, once their residence application has been approved, which will enable them to travel to Austria to collect their residence permit from the relevant authority.
Procedures for the Austrian golden visa
In the course of the application process, applicants must personally submit mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence. Due to the strict quota constraints for some residence permits, timing of the submission of the application is of prime importance. Once the permit is granted, the applicant must pick up a special visa at the Austrian embassy, which allows the applicant to travel to Austria to collect the residence permit at the relevant authority.
Once the residence permit is issued, it must be collected in person from the issuing authority in Austria. In addition, all non-EU and non-EFTA citizens must sign an integration agreement if they will be residing in Austria for more than 24 months. The residence and settlement permits are issued in the form of a card and can be renewed each year.
AUSTRIA
Austria residence by investment program frequently asked questions
WhAT IS THE AUSTRIA PRIVATE RESIDENCE PROGRAM?
The Austria Private Residence Program is open to applicants who have approximately EUR 50,000 in liquid funds and can show proof of residence, private health insurance, and A1 level German skills.
WHAT ARE THE INVESTMENT OPTIONS AVAILABLE FOR THE AUSTRIA PRIVATE RESIDENCE PROGRAM?
There is no investment required, but applicants must have approximately EUR 50,000 in liquid funds.
WHAT ARE THE BENEFITS OF OBTAINING AUSTRIAN RESIDENCE THROUGH INVESTMENT?
Benefits include the right to live and study in Austria, visa-free access to Europe’s Schengen Area, and access to high-quality healthcare and education.
WHAT IS THE MINIMUM INVESTMENT REQUIRED FOR THE AUSTRIA PRIVATE RESIDENCE PROGRAM?
Chosen applicants must have approximately EUR 50,000 in liquid funds on a bank account (exact amount depends on family size).
HOW LONG DOES IT TAKE TO PROCESS AN APPLICATION FOR THE AUSTRIA PRIVATE RESIDENCE PROGRAM?
Processing times for residence by investment applications may vary. Please contact us to find out more.
CAN FAMILY MEMBERS BE INCLUDED IN THE AUSTRIA PRIVATE RESIDENCE PROGRAM APPLICATION?
Yes, the main applicant can include their spouse and dependent children in their application.
WHAT ARE THE RESIDENCE REQUIREMENTS FOR THE AUSTRIA PRIVATE RESIDENCE PROGRAM?
Applicants must reside in Austria for six months per year to maintain residence.
WHAT DOCUMENTS ARE REQUIRED FOR THE AUSTRIA PRIVATE RESIDENCE PROGRAM APPLICATION?
Required documents include a valid passport, proof health insurance and German language proficiency, a clean criminal record, and other supporting documents.
IS IT POSSIBLE TO OBTAIN AUSTRIAN CITIZENSHIP THROUGH THE RESIDENCE BY INVESTMENT PROGRAM?
Yes, after maintaining residence for a certain number of years, typically ten, investors may be eligible to apply for Austrian citizenship.
WHAT IS THE PROCESS FOR APPLYING TO THE AUSTRIA PRIVATE RESIDENCE PROGRAM?
Applicants must submit required documents to the Austrian consulate or embassy. Once approved, they must collect a special visa and travel to Austria to receive their residence permit.