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Austria
Overview
Austria is among the wealthiest countries in Europe offering a high quality of life to its residents. With stunning natural attractions and a highly stable and well-developed economy, Austria is an outstanding country to live in.
An excellent place to establish residence within the EU, Austria is the only Western European country that offers the possibility to obtain citizenship by investment and an EU passport without prior residence requirements.
Austrian citizens are automatically given the same rights as any EU citizen, granting individuals the right to live, work, study and travel around Europe and the Schengen Zone freely.
When you acquire citizenship under the Austrian Citizenship Act, you and your family enjoy full citizenship for life, which can be passed onto future generations by descent.
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There is not a minimum investment amount required
Visa free access to 188 countries
Right to work in any part of the European Union without any issues
What makes Austria different ?
Visa free access to the EU Schengen zone
Reside and work freely in more than 28 European countries, without the need for a work visa.
Family members (direct) can be included within your application
You can apply for European citizenship for your children and spouse.
Access to premium education
You or your children will be able to take undergraduate or graduate courses at European universities and institutions without paying tuition fees. In turn, it will be possible to pass on citizenship to future generations.
Access to quality health care
No requirement to reside in Austria
You don't have to live in Austria to keep your citizenship.
Dual citizenship
You can enjoy an Austrian passport and remain a citizen of another country or countries.
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Investment options:
Austria’s program is unique; there isn't a minimum to invest. Investors have more freedom to choose their investment, as long as the investment is substantial and serves the Austrian government. An applicant for citizenship by investment must invest actively in the Austrian economy, such as through a joint venture or direct investment in a firm that creates employment or generates new export sales. In most cases, significant direct investment is necessary. The investment options: (The investment amounts aren’t set in stone but usually range from €2-10 million). • Make a significant contribution to a government fund. • Joint venture investment. • Invest into venture capital. • Invest into an innovate business or business in an industry considered ‘first priority’ by the Austrian government.
Rules for investors
• The main applicant must have a notable influence over an entity. • The entity should have a strong economic performance indicator. • A significant number of full time jobs are to be created from the investment. • Substantial investment must be made (usually in the millions). • The entity has to have an international reputation. • The achievements of the investor must support Austria’s external relations in the economic sector.
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain citizenship through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the citizenship. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the citizenship agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving Passports:
When the investment and all fees are paid, you receive the certificate of citizenship and the Passport Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
How much does it cost to get the documents for citizenship in Austria?
To get citizenship in Austria, people will have to pay a federal Austrian citizenship cost of 700 euros in addition to 76 euros of a provincial administrative fee. Married couples will pay a 1,400 euros federal cost and 152 euros of a provincial administrative fee.
How much is the processing time?
Varies per application but usually takes 24 – 36 months.
Is dual citizenship accepted in Austria?
Unfortunately, dual citizenship isn’t recognized in Austria. You’ll have to renounce your previous citizenship. But there is an exception: if citizenship is granted under the requirements of Article 10 (6) of the Citizenship Act, the prior citizenship can be lawfully preserved, which means that the applicant may not be obliged to abandon their current citizenship.
There are tax benefits?
Yes, you can enjoy tax incentives with citizenship in Austria. Since there are no residency requirements, you may be exempt from paying certain taxes like income tax.
How strong is the Austria visa?
Visa-free l access to 188 destinations, including China, Hong Kong, Singapore, the UK, and Europe’s Schengen Area.
Can I bring my family in this experience?
Yes, Austria’s Investor Visa scheme allows Austria citizenship by marriage, meaning that your spouse and dependent children under the age of 21 can also become Austrian citizens, provided that their present citizenship is renounced.
Can citizenship be purchased with an investment in Real Estate?
You cannot buy real estate to qualify for the program, nor can you buy government bonds like you can with other citizenship programs in many countries. Rather than a passive investment, you must invest actively in the Austrian economy. In return, the Austrian authorities grant citizenship.
In what cases can my application be rejected?
In Austria Citizenship is issued at the exclusive discretion of the Government of the Republic of Austria, and there is no guarantee that your citizenship application will be approved.
The main applicant must go to Austria?
Yes, but after you receive your passport there is no requirement to reside in Austria.
With what currency must the residency programs be paid?
This citizenship program should be paid in euros.
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