Austria gives high-net-worth people the possibility to earn nationality and an EU citizenship in return for a significant financial investment in the country’s development. Job candidates obtain visa-free traveling to over 180 places internationally for input in a state financing or a job-generating commercial enterprise.
Though some nations, such as Switzerland, have nationality by investing programs, Austria’s program is unusual. Instead of having pre-determined investing alternatives, individuals have more liberty to pick their venture as long as it is significant and benefits the Austrian state. Austria offers entrepreneurs numerous options to start over and have exposure to a variety of luxury perks.
Why should you think about becoming an Austrian resident?
Austria offers its people a high standard of living and several benefits. Austria is an excellent country to reside with your families because of its breathtakingly beautiful scenery and steady market.
Not only that, but Austrian residents have the same freedoms as any other EU resident, allowing them to stay peacefully, employed, research, and move throughout Europe and the Schengen Region.
According to the Austrian Citizenship Act, to be eligible for instant citizenship, the candidate must effectively contribute to Austrian society, either through a partnership or investing in a company that produces employment or provides significant foreign transactions. Additionally, the investor might make a one-time donation to a government-sponsored foundation.
Unlike other Golden Visa schemes, Austria does not accept inactive contributions in state assets or property investment. Only a substantial personal contribution is acknowledged.
While the investment figures aren’t fixed in stone (typically between €2 and €10 million), funders have a few guidelines to follow.
- The investor’s accomplishments must help Austria’s business connections with the rest of the world.
- The organization must be well-known on a global scale.
- A huge sum must be invested.
- The investment will result in the creation of a considerable number of full-time occupations.
- A significant economic success factor should be present in the investor.
- The principal candidate must wield significant power over an organization.
Passport requirements in Austria
The Austrian Citizenship Act, which is governed by state regulations, lays forward certain guidelines to follow while seeking an Austrian passport.
- Legal residency in Austria without interruption.
- Abandonment of present nationality (Austria does not accept dual nationality. Thus you will have to give up your previous passport)
- Understanding of Austria’s political structure as well as the country’s and Vienna’s heritage.
- Evidence of German linguistic proficiency.
- Demonstrate that the investment is lawful and valid.
- Have the finances to make the necessary investment.
- Maintain a spotless criminal history.
- You must be at least 18 years old at the time of application.
List of Austrian citizenship documentation
When submitting your passport request, you’ll require the following documents, dependent on state acceptance.
- Evidence of earnings for the three years before the request.
- Evidence of good behavior and reputation.
- Austrian entrance documentation.
- Verification of nationality.
- Confirmation of academic accomplishment.
- Evidence of the applicant’s or partner’s adoption of the kid.
- Evidence of a name change.
- Identity documents, marital proof, evidence of separation, and evidence of past marriages, if necessary.
- All candidates aged 14 and up must submit a complete CV containing information about their birthplace, schooling, occupational expertise, career history, and personal factors.
- Recent colored Photos clicked against the light backdrop and contain full face in 80% frame.
Although there is no official application procedure, it is expected that getting nationality will take between 24 and 36 months. The nationality program in Austria is kept primarily hidden due to confidentiality concerns. The fact that citizenship is granted is not openly shared with any other country or state agency.
