Austria: The citizenship program targeted to high net-worth investors
Are you looking to move to Europe in the next couple of years?
If so, Austria should be near the top of your list for consideration. As an Austrian citizen, you can live and work in Austria and anywhere else in the EU at any time. Its passport has an excellent reputation and offers very comprehensive visa-free travel including visa-free access to the USA.
It is without a doubt amongst the best travel documents in the world, and, in today’s post, we are going to take a look at the nation more broadly, which happens to be one of the wealthiest countries in Europe, and also what makes it a special option if you are considering making applications for residency or citizenship in different countries.
Why Austria?
Austria offers a very high quality of life to its people, with inspiring natural landmarks and a well-developed and stable economy, making for an outstanding place of residence. It is a member of the European Union and it has a population of 8.5 million people. Its capital is Vienna, the official language is German, and the official currency is the Euro.
Austria has one of the highest per capita incomes worldwide. The country also has one of the highest Human Development Index ratings, with a high standard of living and a quality health and education system. If we had to highlight one of the main characteristics or benefits of Austria, it would have to be said that it is the only country in Western Europe that offers the possibility to obtain citizenship by investment and a EU passport without prior residency requirements.
How does the process work?
An applicant is required to invest actively in the Austrian economy, for example, in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales.Significant direct investment is generally required, this means that passive investments in government bonds or real estate, don’t qualify.
The minimum contribution is not cheap, in fact, we are talking EUR 3 million,
which is on the higher end with regards to other programs of this kind. It is also worth noting that this investment comes with a processing time of 24 months, depending on the application you are making, so make sure to plan well in advance of your desired moving date in order to get the ball rolling and get you relocated as soon as is possible.
Are there any other advantages for me?
We have mentioned a few benefits of this program, and if we have to underline some others, those would be:
· Visa-free or visa-on-arrival travel to
· 188 destinations including Canada, Hong Kong, the rest of the EU
· Work anywhere in the EU
· High standard of living
· Live in one of the wealthiest countries in the world
So, if you are interested in finding out more about citizenship by investment in Austria and other opportunities to develop business as in cryptocurrency, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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