The Austrian residence program offers persons of independent means and business investors the opportunity to take residence in Austria if the applicant can prove that he owns a sufficient amount of liquid assets, knows basic German and has a full health insurance. This very straight-forward residence program is ideal for people who want to live in one of the most attractive yet peaceful countries in Europe.
Top ranks of the world’s most business-friendly nations with major tax reductions that are enticing investors
Austria’s educational system is numbered among the best in the world with investment in world-class schools teaching various fields.
Austria is unmatched in terms of quality of life. Low crime rate, high level of social security, an attractive shopping and recreational infrastructure
Austria offers excellent conditions for both foreign and domestic companies. Austria has a high level of political and social stability. Low crime rate and high security of justice
Austria’s central geographical position provides ideal access to the emerging markets of Central & Eastern Europe
Austria offers foreign investors a wide range of business opportunities including funding and financial support measures for SMEs, research and development, company startups, investments and new technologies
Capital city: Vienna
Visa free countries: Schengen Areas
Total area: 83,878 km²
Nearest countries: Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west
Languages: German
Currency: Euro (€)
Population: 9.04 million (2021)
Time zone: GMT +1
Click on the "Apply Now" or "Chat Now" button and leave a brief description of your needs.
One of our experts will get back to you shortly to discuss about your needs and offer reasonable options for your budget.
We will assist you in filling out the necessary forms for the government registration process. You only need to provide the requested personal information.
We will work with the government on your behalf. We guarantee you the earliest approval time.
You will pay the prescribed government fee depending on the citizenship / residency method you choose. You will pay the remaining service fee to us. Get your certificate and residence permit.
This is a residency program which enables non-EU nationals without the need for employment to reside in Austria, with a direct route to permanent residency for themselves and immediate family.
Who is eligible?
Individuals who are third country nationals. A third country national is someone other than a national of the EU, EEA or Switzerland.
Austria offers non-EU nationals the ability to apply for Austria residency by establishing and capitalising an Austrian company.
Who is eligible?
Individuals who are third country nationals. A third country national is someone other than a national of the EU, EEA or Switzerland.
Conditions that must be satisfied on application and thereafter
Under the category of persons of independent means, the key criteria are that you have sufficient funds (you must be able to show liquid assets at your disposal of about €40,000 per adult and €10,000 per child below 18 years old. These assets you should show in the form of a statement of account from an Austrian or major international bank), permanent accommodation in Austria, and health insurance that provides full coverage in Austria.
A spouse and children under 18 years old can be included in an application. Due to a strictly applied quota system, the processing time for applications under this category can, however, be lengthy.
This proof must be provided through a recent bank account statement. We advise that the bank account is managed by an Austrian bank. For the application, an internationally recognized bank might be accepted as well.
This proof has to be provided every year.
The insurance policy must cover main applicant and dependants in respect of all risks according to Austrian law. The health insurance cover must be procured by an insurance company licensed in Austria.
The main applicant and his dependents (from 16 years onwards) need to prove German language skills on A1 level. A language test at an accredited institute must be taken within a maximum of 12 months before lodging the application with the authorities. In case an applicant holds a university degree the language proof is not required. In certain cases, even a high school diploma might waive this requirement.
A due diligence exercise will be undertaken on the main applicant and dependants.
This residence program is regulated by regional annual quotas. If no free quota is available the application will be denied. Therefore, we encourage our Clients to support the application process in such a way that the application documents can be lodged on the first working day of each year.
Conditions that must be satisfied on application and thereafter
The main applicant must invest in an own or co-owned business in Austria. This business must be beneficial to the Austrian economy. In a detailed business plan the business must be described. The possible minimum investment threshold is €50,000 - €100,000. Nevertheless, and depending on the industry and business case we advise to invest at least €200,000 - €500,000. In cases where it is aimed to invest less, the chances of an approval are reduced; nevertheless, it depends on the business case and strong cases might be successful even with lower investment amounts. Creation of jobs, apprentice jobs and investments in research and development is an advantage. In a point based system the qualifications of the applicant are being evaluated, whereby points are given for the level of education, professional experience, German and English language skills, young age (below 35).
The company must pay a regular salary which is high enough to cover for housing and other cost of living; this shall be at least €2,500 - €3,500.
The insurance policy must cover main applicant and dependants in respect of all risks according to Austrian law. The health insurance cover must be procured by an insurance company licensed in Austria.
The main applicant and his dependents (from 16 years onwards) need to prove German language skills on A1 level. A language test at an accredited institute must be taken within a maximum of 12 months before lodging the application with the authorities. In case an applicant holds a university degree the language proof is not required. In certain cases even a high school diploma might waive this requirement.
A due diligence exercise will be undertaken on the main applicant and dependants.
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| Purpose | ||||
| Type of investment | ||||
| Minimum investment | ||||
| Time to get approval | ||||
| Minimum time to maintain investment | ||||
| Required stay in the country | ||||
| Eligible dependents (can be acccompanied the application) | ||||
| Proof of the soucre of investment | ||||
| Medical | ||||
| Requirements to have bussiness in Viet Nam | ||||
| Health | ||||
| The duration of the first issued Visa | ||||
| Visa extension time | ||||
| Conditions for Visa renewal | ||||
| Conditions for apply for Citizenship | ||||
| Conditions for maintaining Citizenship | ||||
| Visit during application | ||||
| Visa-free countries to travel | ||||
| Outstanding benefits | ||||
| Labor rights | ||||
| Education | ||||
| Member of Organization/ Treaty | ||||
| Age restrictions | ||||
| Management Qualifications/Experience | ||||
| Proof of property | ||||
| Language | ||||
| Security background | ||||
| Specific investment plan | ||||
| Time to apply for Citizenship (after getting the visa) | ||||
| Extra benefits after getting Citizenship | ||||
| Multi-nationality allowances |
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Global Immigration Services Group (GIS) is an Immigration Services Provider focusing on Second Citizenship by investment programs & Residency Programs.
We offer a variety of Second Passport options including but not limited to; Caribbean Citizenships such as Saint Kitts & Nevis, Grenada and Dominica. European Second Citizenship by investment programs inclusive of Cyprus and Malta. As well as other Residency Programs such as Portugal and Greece...
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