Investment Immigration: Austria Residence Investor Programme
Settlement Permit – Gainful Employment Excepted
Austria lies in the heart of Europe and boasts of excellent infrastructure and rich central European culture. For those looking for investor immigration in Europe, Austria is the only country in Europe that offers “Citizenship by Investment” or “Economic Citizenship”– a programme that offers Austrian citizenship to people who invest in the Austrian economy.
The first step to becoming a citizen of Austria is to get the Settlement Permit – Gainful Employment Excepted.
A settlement permit will entitle you to the following:
- Eligibility to apply for long-term EU residency
- Residence in Austria throughout the tenure of the permit
- Right to travel in the EU and other developed countries
- Access to Austria’s healthcare and education provisions
- Permission to keep existing citizenship
When it comes to investment immigration in Europe, Austria is the only country in Europe that officially offers a direct citizenship programme to non-EU people who can invest a significant amount of money (usually in millions of dollars) in Austria. Obtaining investor immigration in Austria is easy – business investors can get citizenship and an EU passport immediately with no prior residence requirements, just on the basis of a significant investment in the country.
Minimum Income Requirements:
Anybody who is interested in investment immigration to Austria and wants to apply for the residence investor programme, must have a regular monthly income in the form of pensions (Austrian or foreign), or profit incomes from businesses abroad, or incomes derived from assets or savings, or from ownership of company shares.
The individual’s income must be not be less than twice the standard rates for the General Social Insurance Act (ASVG).
Standard rates of the General Social Insurance Act (ASVG)
Minimum Income Requirements
Additional rate per child
Fees: Austria Residence Investor Programme
Granting fee: €100
Personalization costs: €20
Language Requirement: Basic proficiency in German
Processing Time: Between two to six months and an extra month for forwarding the application to Austria
Applicants interested in investment immigration to Austria have to apply for the Settlement Permit – this involves filing of an application for residential title at the embassy or consulate in the applicant’s country. After the application has been assessed, it is sent to the local Provincial Governor’s Office or the duly authorised district administration bodies.