About Austria Citizenship and Residency

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.

 

• The main applicant must have a notable influence over an entity
• The entity should have a strong economic performance indicator
• A significant number of full-time jobs are to be created from the investment
• Substantial investment must be made (usually in millions)
• The entity has to have an international reputation
• The achievements of the investor must support Austria’s external relations in the economic sector.

 

Investment Options for Austrian Citizenship by Investment

• Make a significant contribution to a government fund
• Joint venture investment
• Invest in venture capital
• Invest into an innovative business or business in an industry considered ”priority” by the Austrian government

 

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:

 

• Have financial independent means, a minimum of EUR 40,000  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 full-cover health insurance.
• Have documented German language skills.

 

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 Austria Citizenship and Residency By Investment Program

Benefits of Acquiring Citizenship 

• Business Opportunities – a successful business is possible due to a sustainable economy and support to entrepreneurs at the state level.
• Tax Exemption – paying taxes is mandatory only when you select Austria as a primary place of residence.
• Reliable Banking System – the absence of strict currency control allows you to open an account in an Austrian bank in any currency, while the information on accounts and personal data is completely confidential.
• Quality Education – you and your children will be able to study at prestigious universities in Austria.
• Free Entry to Schengen, USA, Canada, and Australia – citizens of Austria have the right of visa-free entry to 185 countries in the world.
• Security Assurance – you will be able to provide your family with a comfortable place of residence in an economically developed European country.

 

Benefits of Acquiring Austria Private Residence Program

• 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 Residency Requirements And Qualifications

 

• Be over 18 years old when applying
• Hold a clean criminal record
• Have enough funds to make the respective investment
• Prove that the investment is legal and legitimate
• Proof of German language skills (basic knowledge at the very least)
• Knowledge of Austria’s democratic system and history of Austria and Vienna
• Renunciation of current citizenship (Austria does not recognize dual citizenship so your former citizenship has to be given up)
• Uninterrupted legal residence in Austria

 

Steps And Timeline

STEP 1: Consult with an Immigration Lawyer

STEP 2: Decide on Investment Route

STEP 3: Make the Investment

STEP 4: Submit the Application

 

Our Services

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:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass our guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and to expedite your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

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!

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