Austria Residence by Investment
To qualify for permanent residency in Austria under the Austria Private Residence Program, applicants must meet specific financial and personal requirements designed to support individuals of independent means.
The first requirement is a minimum of EUR 40,000 in liquid funds in a bank account, with the amount increasing depending on the size of the applicant's family.
Additionally, applicants must provide proof of permanent residential real estate, whether purchased or leased, to serve as their primary residence in Austria for themselves and their dependents.
A private healthcare insurance plan and documented German language skills at an A1 level are also necessary to fulfill the residency requirements.
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The Austria golden visa program allows individuals to establish permanent residency in Austria as persons of independent means. Residents gain the benefit of visa-free access to all Schengen Area states, and after 10 years of continuous residence, they may become eligible to apply for Austrian citizenship. With its attractive lifestyle, high quality of life, excellent transport links, and healthy environment, Austria provides an ideal location for residence.
The program is highly selective, as there is an annual quota of approximately 300 individuals. The application process involves personally submitting all required documentation to the Austrian consulate or diplomatic representation in the applicant's current country of residence. Upon approval, applicants will receive a special visa from the Austrian embassy, allowing them to travel to Austria and collect their residence permit from the relevant authority.
The processing time for an Austrian golden visa can take between one to three months. Timing is critical, particularly given the strict quota, so early submission is recommended. Once issued, the residence permit must be collected in person from the Austrian authority. The permit is issued in the form of a card and can be renewed annually. Non-EU and non-EFTA citizens staying for more than 24 months are required to sign an integration agreement, further supporting their smooth integration into Austrian society.
With permanent residency, individuals and their families can enjoy Austria’s stable environment, world-class infrastructure, and access to European markets, while maintaining a comfortable and secure lifestyle.