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Residence Permit for Investments in Austria

Updated on Thursday 23rd September 2021

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Residence-Permit-for-Investments-in-AustriaMoving to Austria has many benefits for those who choose this country, as it is one of the most prolific in the entire European Union. There are several ways through which foreign citizens from EU and non-EU states can immigrate to Austria and obtaining a residence permit by investment is definitely one of the most appealing ways of doing that.
 
Below, our company formation agents in Austria explain the main ways a foreign citizen can relocate to this country based on residence by investment, as there are two options available. You can also rely on us if you want to start a business in this country and ontain Austria residency by investment
 

Options for obtaining an Austria residency by investment in 2021 

 
There are two main legal pathways through which a foreigner can obtain an Austria residence by investment, and these are:
 
  • -  the investor visa;
  • -  the residence investor program;
  • -  the key manager residence and work permit scheme.
 
Each has its own requirements and under both of them non-EU citizens can move to Austria and obtain residence permits by investment in 2021.
 
Our specialists in Austria can help you decide for the program suiting you the best for Austria residency by investment. 
 

The Austrian investor visa

 
Inspired by the large number of EU countries that have enabled golden visa programs, Austria has created the investor visa under which it is possible to move here through an active investment.
 
This program enables citizens from countries around the world to move to Austria and obtain residency by investment. The main requirements to accede to this program are:
 
  • -  an investment of 10 million euros in a local business;
  • -  an investment of 3 million euros in a government-approved development fund.
 
The first type of investment also requires the creation of jobs.
 
What should be noted about this program is that is does not represent a direct way to Austrian citizenship, but only to permanent residency.
 
There are also other ways of obtaining permanent residency in 2021, among which the possibility of opening a company in Austria, however, this procedure implies additional steps, among which the incorporation of a business.
 

The residence investor program in Austria in 2021

 
Another way of moving to this country and gaining an Austria residency by investment in 2021 is the investor scheme. It has less stringent requirements and has the benefit of allowing immigration with close family members.
 
The requirements for this program imply the following:
 
  • -  a minimum investment of 40,000 euros per adult;
  • -  at least 10,000 euros per dependent below 18 years old.
 
The funds must be deposited in an Austrian or international bank. Also, full health insurance and a permanent place to stay must be secured before starting the application procedure.
 
This is one of the safest ways of moving to Austria and obtaining a residence permit by investment, especially when considering that the main applicant can include the spouse and underage children on the same form.
 
If you need guidance in moving to Austria and finding a place to stay which is part of the immigration by investment procedure, you can ask for more information from our officers.
 
We remind you that we specialize in company formation matters in Austria and we can also help you in this regard.
 

Moving to Austria as a manager

 
Even if this is not a residency by investment options, many foreign citizens who are qualified can relocate to Austria under this program provided that they obtain a management role with a minimum salary of 2,500 euros per month in a local company.
 
This program also enables family immigration, and it represents one of the fastest ways of moving to Austria.
 

Procedure of immigrating to Austria and gaining a residence permit by investment

 
The procedure for obtaining a residence permit for investments in Austria in 2021 starts with the Austrian embassy or consulate in the applicant’s home country. The following documents need to be prepared in this sense:
 
  1. the valid passports of all persons moving here;
  2. proof of marriage or civil partnership deed (in the case of divorced persons, the divorce certificate is required);
  3. children’s birth certificates;
  4. the rental or title deed for accommodation in Austria;
  5. health insurance;
  6. proof of sufficient means of self-support;
  7. proof of good command of German.
 
Once submitted, it should be noted that the procedure for approval can take between 3 and 7 months.
 
Austria is part of the European Union and moving here comes with various benefits, among which free travel to EU and Schengen states.  Austrian citizenship can be obtained after living here for 10 years.
 
If you want to immigrate to Austria and apply for a resident permit by investment, do not hesitate to contact our local specialists.

 

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Call us now at (+43) 720 3037351 to set up an appointment with our company formation specialist in Austria - Dietmar Erwin Ruttensteiner. Alternatively you can incorporate your company without traveling to Austria.

As a Ruttensteiner Business Consulting client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Austria.

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Mihai Cuc, Partner of
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www.romanianlawoffice.com

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