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Austria

Residency by Investment

Country Information

The combination of economic stability, a clean and safe environment, and an excellent infrastructure makes Austria an outstanding place of residence.

 

Population 8.9 million
Languages German, English
Economy Advanced and well-developed
Currency Euro

Private Residence Program Overview

Australia's immigration system is objective and merit-based with predictable outcomes. Permanent residents must live in the country for at least two years in a five-year period or demonstrate significant ties in Australia to maintain their residence status.

Investment

Minimum EUR 40,000 liquid funds, German language skills, permanent accommodation, and private healthcare insurance

Processing time

One–three months from submission of the application to approval

Key benefit

Freedom of travel to Austria, the rest of the EU, and Europe’s Schengen Area

Benefits of an Austrian golden visa

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 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 private healthcare insurance.

Have documented German language skills (at A1 level).

Defense, advanced manufacturing, and space

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 and time frame of 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.

 

 

There is a minimum processing period of one month, but applications usually take three months to be approved. 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.

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