What You Must Know About Austria Citizenship By Investment
The nation is a leading tourist destination in Europe, with a rich European culture.
Austria offers the immigrant investor program, which grants Austrian citizenship to foreign nationals who invest a certain amount of money in the economy.
Austrian passports are recognized worldwide and have an excellent reputation. Holders of the passport can travel visa free to many countries, including Schengen countries and the US.
The document also gives you the right to work and live in EU member states and also Switzerland.
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The Benefits Of Living In Austria
The Immigrant Investor Program
Austria offers the invesment program to foreign nationals who invest a certain amount of money, usually in millions of Euros.
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The country offers wealthy business investors a chance to obtain citizenship and a passport without prior residence requirements in exchange for an investment in the economy.
Read more about other countries offering Citizenship By Investment programs.
The citizenship by investment program requires investors to:
Make a minimum deposit of €2 million in Austria economy
Make a recoverable minimum investment of 10 million USD in the Austria economy
While this method is expensive, it is one of the fastest ways to getting EU citizenship.
Holders of Austrian passport are EU citizens and they can live and work in any country within the EU.
The citizenship application can include spouse and children up to eighteen years of age.
You will be required to pay an additional €400,000 to €600,000 to the investment amount. Knowledge of the country’s native language is not a requirement.
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Investments in real estate and government bonds do not qualify anyone for the program.
The process of granting citizenship needs approval from different sectors of the government and can be quite delicate.
You can only apply for a passport after you have received citizenship approval.
You will also need to visit the country twice to formalize the application.
The Austrian passport is one of the most reputable travel documents in the world today.
Once you have been granted residency, you can travel visa-free in all Schengen countries including Switzerland. It also allows extensive visa-free travel to countries like USA, Canada and UK.
Eligibility For Residency
To qualify for the program, you must have:
- No criminal record
- Strong business background
- Good financial background