RESIDENCY IN AUSTRIA
FOR FINANCIAL INDEPENDENT APPLICANTS
Austria is a European Union country with a high standard of living
and a developed
market for goods and services. Here business and tourism are at a high
level.
The country is integrated into the European and world community.
All these advantages
are available to not only citizens but those
who live there as well, i.e. holders of a residency
permit.
Austria offers many ways to obtain a residency permit. One of them is participating in the program
for financial independent applicants.
The country’s program for financial independent applicants
allows you to obtain residency for you and your family without
any additional obligations. This
opportunity will mainly interest investors and business owners.
Advantages of Austrian residency for financial independent applicants individuals
Live there year-round and
travel
around visa-free
Austrian residency gives you the right to live year-round in Austria, and also to visit other countries in the Schengen area visa-free
Your entire family gets
residency too
A residency permit is granted at the same time to both the main investor and members of his/her family, including dependent children
No requirements to reside there
or
establish tax residency
Austrian residency for financial independent applicants does not oblige you to reside in Austria year-round, and thus you can choose in which country you wish to be a tax resident
The possibility of later obtaining
permanent
residency and citizenship
Living in Austria on the basis of a residency permit will give you an opportunity to later apply for permanent residency and Austrian citizenship
The most accessible way to obtain Austrian residency
There are only four conditions to obtain Austrian residency
for financial independent applicants
Financial independence
You have to prove that you have monthly net income at least EUR 1,900 or you must hold in your account twelve times this amount which is equal EUR 22,800 (EUR 1,900 x 22).
A property
to live in
A resident must have a permanent address obtained based on a deed of ownership or rental contract.
Knowledge of the
German language
You must prove a basic A1 level(elementary knowledge, ability to get by).
No criminal record
or serious
illness
This must be attested by a document from your country’s law-enforcement authorities and a health authority.
Distributed quota across different federal states
For this residency program, the Austrian government sets a quota that is distributed across the individual territorial divisions of the country. The quota can differ from one region to another, and in the most popular regions, the quota is exhausted very quickly. Thus, the quota for Vienna is exhausted most quickly of all, and significantly more free slots are available for those who wish to live in Lower Austria or other regions.
You will need:
- a birth certificate
- a color photocopy of each passport page
- two photographs, with the same format as for a Schengen visa
- a bank statement or other proof of income
- marriage/divorce certificate (if applicable)
- proof that you have no criminal record
(issued within the last three months before submitting the application) - attestation that you do not suffer from a serious illness, issued by a recognized authority in Austria
- A1 language exam
Your residency status in Austria must be extended. Temporary residency is initially offered for a period of one year, and then extended as 1 year + 1 year + 3 year + 5 year. After five and a half years, you can submit an application to receive Austrian citizenship.
In practice, residents usually become citizens after a period of 6–10 years.
With our help you can obtain results considerably more quickly.
RP
issuing
for 1 year
RP
extending
for 1 year
RP
extending
for 1 year
RP
extending
for 3 years
RP
extending
for 5 years
You can
apply for
Austrian citizenship
To receive citizenship, you will have to demonstrate the following:
