Moving 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
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.
Options for relocating to Austria and obtaining a residence permit by investment in 2021
There are two main legal pathways through which a foreigner can obtain a residence permit for investments in Austria, 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.
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.
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
, 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 Austria and gaining a residence permit 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.
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:
- the valid passports of all persons moving here;
- proof of marriage or civil partnership deed (in the case of divorced persons, the divorce certificate is required);
- children’s birth certificates;
- the rental or title deed for accommodation in Austria;
- health insurance;
- proof of sufficient means of self-support;
- 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
, do not hesitate to contact
our local specialists.