Austria has one of the highest per capita incomes and human development index rates in the world. The Republic of Austria also ensures that its residents enjoy a high standard of living, quality & affordable health care, and a standard education system.
Advantages of Citizenship by Investment In Austria
Investor visas for Austria are one of the best and fastest ways to become a citizen of Austria. Austria has a very strong economy, a government that upholds the rule of law and provides a safe business & investment environment for citizens and investors.
Citizenship by investment in Austria allows foreigners to move in and out of the European Union without a travel visa or work permit. Other benefits of the advantages of citizenship by investment in Austria are:
- You automatically become an EU citizen after a substantial investment
- The Austrian passport gives you visa-free access to over 180 countries worldwide.
- You get your money back as interest. Investing in Austria also allows you to own shares in either the private or public sector.
- You will not be taxed until you become a citizen of Austria.
- Citizenship-by-investment is possible for foreigners without prior residence.
- Saves times on naturalization.
Requirements for Citizenship by Investment in Austria
Investor visas and Citizenship by investment in Austria are open to all foreigners that want to become citizens of Austria. To qualify for citizenship by investment in Austria, the applicant should be in an active business or donate to a public project that would positively impact the country’s economy.
Such investment made by the applicant must be significant. It should contribute positively to the economy, introduce science, research or innovation technologies to Austria, and create jobs.
The investment should be at least €10 million for business, or €3 million as a donation to the government of Austria development fund. Qualifying investments are usually around €800,000 and €10 million.
Passive investments like Government bonds, real estate, and financial instruments do not count. Austria does not accept any passive investment visa program for citizenship. All citizenship by investment must contribute to societal growth.
The applicant must also have a significant influence over a business with an international reputation and a strong economic base. Family members and children can be included in the citizenship application. Children above 18 years of age would need to fill a separate application.
Before your Austrian citizenship application is approved, you must have a solid financial and business background, a business or investment approved by the Austrian Government, and a CV with excellent references.
The Austria Citizenship Act does not accept dual citizenship. You have to renounce your nationality before you become a citizen of Austria. All applicants have required the abandon his current nationality as a condition for being given Austrian nationality.
Documents Required for Application
You’ll need to present standard documentations like your passports, birth certificates, etc. You will also need a clean personal detail with no criminal record, a comprehensive CV…
These are the documents you’ll need to present for an Austrian Citizenship By Investment:
- Original Professional Reference Letter (Not older than 6 months)
- University Diploma
- Curriculum Vitae
- Birth Certificate (If Applicable)
- Certified Copy of Passport
- National ID Card
- 6 Passport-Size Photos
- Marriage Certificate (If Applicable)
- Evidence of Business Background
- Statement of Source of Funds
- Business License or Incorporation Documents
- Police Clearance Certificate
- Documents Certifying Business Investment
- Medical Certificate
- Photograph and Signature Certificate
- Bank Reference Letter (That Is Not Older Than 6 Months)
Application Procedure for Austrian Nationality By Investment
We are here to guide you through your application process to ensure that you have a fast and stress-free application. The application procedure for Austrian citizenship by investments may be quite complicated because it involves a lot of documents & paperwork.
Before you begin your application, make sure you talk to an immigration lawyer in Austria to check whether you are eligible, advise you on qualifying investments & public donations, and also ensure that you have a successful application.
Your Investment or public donation must be approved by the Federal Ministry of Interior before your citizenship application. The whole process can take 15 to 36 months.
If your application is successful, you will receive full citizenship rights of the Republic of Austria issued by the Government of Austria. You can then process to apply for an international passport, ID card, public offices, and other government-issued certificates.
If you are having any problem with Austria’s citizenship by investment, whether an application or understanding, send us an email and we would be glad to help.