Austria offers citizenship and residency by investment. In citizenship by investment, the applicant is required to invest actively in the Austrian economy in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales. Passive investments in government bonds or real estate are not qualified. Austrian citizens can live and work in the country as well as anywhere in the EU at any time. The investment amounts usually range from EUR 2-10 million and there are several rules for investors.
Investment Options for Austrian Citizenship by Investment
Austrian residency by investment allows the applicant to travel to all of Europe’s Schengen Area states without a visa. The residence permit is initially issued for one year and then can be renewed without problems or interruptions. For acquiring a residency permit under the Austria Private Residence Program, applicants must fulfill the following requirements:
Applicants also need to personally submit the mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence. And obtain a special visa at the Austrian embassy, once their residence application has been approved. They can travel to Austria to collect their residence permit from the relevant authority.
Benefits of Acquiring Citizenship
Benefits of Acquiring Austria Private Residence Program
STEP 1: Consult with an Immigration Lawyer
STEP 2: Decide on Investment Route
STEP 3: Make the Investment
STEP 4: Submit the Application
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Austria, assisting in getting you settled in the country and coordinating with you so that this experience will be less of a hassle.
Want Privacy World to handle your case? Have any questions? Contact us!
The Austrian Citizenship Act does not allow dual citizenship. Therefore upon acquiring another citizenship you have to renounce your original citizenship.
Yes, you can include your dependents.
Yes, the applicant must personally submit mandatory documentation.
The applicant needs to stay in Austria for at least 183 days a year.
No, Austria does not require one for residency.
Currently, every citizen of the world is eligible to apply.
In some cases, you don’t need to go through an interview.
It takes 10 years of legal residence and in certain circumstances after six years, it is possible to apply for Austrian citizenship.
All individuals resident in Austria are subject to Austrian income tax on their worldwide income, including income from trade or business, profession, employment, investment, and property.
Non-residents are taxed on income from certain sources in Austria only. Non-residents are subject to income tax on Austrian-source income at normal rates including a fictitious income increase of EUR 9,000.
There is no net wealth/worth tax in Austria.
There are no inheritance taxes in Austria.