Austria stands among the most prosperous European nations, providing its citizens with an exceptionally high quality of life. Its breathtaking natural wonders, coupled with a well-established and stable economy, make it an exceptional choice for residence.
Austria is an exceptional choice for establishing residency. The Austria golden visa presents a unique opportunity for financially independent German-speaking individuals, who are not permitted to engage in gainful employment within the country, to attain residency in an EU member state and secure visa-free entry to Europe’s Schengen Area, subject to specific rigorous conditions.
- The right of free movement to Austria, the rest of the EU, and Europe’s Schengen Area
- 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
- Due to a stringent annual quota, only a limited number of applicants will be selected, with an approximate limit of 300 individuals. To qualify for residence under the Austria Private Residence Program, candidates must meet the following prerequisites:
- Maintain a minimum of EUR 40,000 in liquid funds, which may vary based on family size.
- Provide evidence of permanent residential real estate, whether purchased or leased, where both the applicants and their dependents will reside.
- Possess private healthcare insurance.
- Demonstrate documented German language proficiency at the A1 level.
- Applicants are also obliged to:
- Personally deliver the mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence.
- Secure a special visa at the Austrian embassy upon approval of their residence application. This visa allows them to travel to Austria and collect their residence permit from the appropriate authority.
The fees involved for citizenship by investment in Austria are as follows:
Application fee: €700
Provincial administrative fee: €76 – €152 (depending on the province)
Investment: €3 million
In addition to these fees, applicants may also have to pay other costs, such as:
Translation fees: €500 – €1,000
Health checks: €200 – €300
Police certificates: €50 – €100
The total cost of citizenship by investment in Austria can therefore range from €3.1 million to €3.3 million.
It is important to note that these are just estimates and the actual cost may vary depending on the individual applicant’s circumstances.
FAQs about Lithuania & The Citizenship by Investment Program
- Is dual citizenship allowed in Austria?No, Austria does not permit dual citizenship. Applicants for the Austria Golden Visa must renounce their original citizenship to obtain Austrian citizenship.How powerful is Austria’s passport?Austria’s passport holds significant strength, granting visa-free access to 189 countries globally. It also allows for visa-free travel within the Schengen Area and the European Union.
Is residence in Austria required for citizenship through investment?
Yes, continuous residence in Austria is a mandatory requirement to become a citizen through investment.
To attain citizenship, proficiency at the A1 level in the German language and a good understanding of Austria’s political system are prerequisites.
Can I bring my family to Austria with the Austria Golden Visa?
Certainly, family members can be included in the Austria Golden Visa application, including spouses and children under the age of 21.
What is the minimum investment required for the Austria Golden Visa?
Specific investment requirements for the Austria Golden Visa vary, ranging from €2 million to €10 million depending on the type of investment.
Will I be subject to taxes in Austria?
Yes, as a legal resident and citizen of Austria, you will be liable for local taxes.
Do I need to speak or learn German to obtain Austrian citizenship?
Yes, to become an Austrian citizen through the golden visa program, you must pass a German language test at the A1 level.
Is it necessary to engage an immigration lawyer for the Austria Golden Visa application?
Yes, it is essential to enlist the services of an immigration lawyer when applying for the Austria Golden Visa. Given the substantial investment involved and the application’s complexity, an experienced immigration lawyer in the Austria Golden Visa process ensures a secure and expedited procedure.
Make Austria your second home
GDP (per capita):
GDP (purchasing power parity):
Capital city: Vienna
Time zone: Central European Time (CET) UTC+1
Total area: 83,871 square kilometers
Languages: German (official), Croatian, Slovene, Hungarian, Burgenland Croatian
Currency: Euro (EUR)
Main industry: Services (78.9%), mining (10.7%), manufacturing (7.5%)
Schengen/EU: Austria is a member of the Schengen Area and the European Union.
- High living standards: Austria’s advanced economy and robust social safety net ensure a high living standard. This encompasses quality healthcare, education, housing, and a balanced work-life.
- Central European location: Austria, situated in the heart of Europe, offers easy access to neighboring countries, making it ideal for travelers and business professionals.
- Scenic beauty: Austria’s breathtaking alpine landscapes, lakes, and forests provide ample opportunities for outdoor activities like skiing, hiking, and biking.
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.