For some investment areas and developments, the minimum is a €275,000 purchase. Under the citizenship-by-investment provisions, 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. These European Union programs offer a higher-quality second passport, but you’ll have to … Under the citizenship-by-investment provisions, 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. The Austria citizenship by investment application process is extremely efficient, and the government of Austria is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. Austria offers third country nationals a number of avenues for obtaining permanent residency. In a point based system the qualifications of the applicant are being evaluated, whereby points are given for the level of education, professional experience, German and English language skills, young age (below 35). For the application, an internationally recognized bank might be accepted as well. After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship. In certain cases even a high school diploma might waive this requirement. Of course, there are always some formalities, but the Citizenship by Investment Program makes owning two passports quite straightforward and in a matter of a few months the second passport is issued and you can enjoy the rights and freedom of living in two countries. For a high net worth investor hailing from a restrictive country in Asia, Africa or the Middle East, Austria will seem like a dream come true. Our experts have extensive international and local experience and a high success rate in delivering the citizenship grant on time. It’s not a difficult process once you have chosen your preferred country. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. In case an applicant holds a university degree the language proof is not required. We simplify the whole process without hidden costs, you can choose the best option for your needs and know exactly what the total cost before starting your application. The first one is the Self-Employed Key Workers program that want to do business in Austria, and the other active possibility is offered to start-ups. Austrian Residence-by-Investment. They can take the form of a joint venture, direct investment in an active business that creates jobs significantly or introduces science and research or innovation technologies to Austria. The main applicant must invest in an own or co-owned business in Austria. Austrian residents are subject to income tax on their worldwide income derived from capital and investment, including dividends, interest, profit shares of dormant partners, rents and royalties, capital gains. Copyright© 2021 GIS Ltd. All rights reserved. While there is no particular Austria investor visa program, the country does present a viable citizenship via investment opportunity for foreign nationals to make an active investment to contribute to the Austrian economy and generate employment. If you have 500,000 EUR you can buy land property, you will pick up family residency. This proof has to be provided every year. European But Not EU Member States’ Residency by Investment Programs Applicant must be of independent means and without the need of an employment- This is because this residency permit does not confer any right to work in Austria, including running your own business. The funds raised through Austria Citizenship by Investment Program are used for healthcare, education, and alternative energy, among other things. Austria does not have a residence by investment program. You will pay the prescribed government fee depending on the citizenship / residency method you choose. Immigrant Invest is international consulting company which possesses sound experience in the field of residence in Austria. Residency By Investment (a.k.a. There is a minimum investment threshold specified in the law in the amount of €50,000. Earn Credit Points on qualifying purchasing of services. Top ranks of the world’s most business-friendly nations with major tax reductions that are enticing investors, Austria’s educational system is numbered among the best in the world and they invests 5.8% of its gross domestic product on education, Austria is unmatched in terms of quality of life. If the candidate meets any of the requirements mentioned above, he/she can obtain citizenship of Austria, as well as the spouse and children under 18 years of age. After payment of the invoice, one of our specialists will contact you informing your access data to the GTOS Viking Platform and requesting the following documents to represent the candidate with the Austrian government: Certified Copy of Marriage Certificate (if applicable). Austrian passport holders are also eligible to easily transfer assets and purchase real estate in any of the EU member states. Investment in the economy is considered by the government as a special contribution to the state. You can live, as an Austrian citizen, wherever you want. The processing time of your registration in this citizenship by investment program varies from 3-7 months, at the end of the process you will receive the citizenship and passport of Austria. In certain cases, even a high school diploma might waive this requirement. Nevertheless, business people have 3 paths available to them to settle there. The applicant of Austria Citizenship by Investment Program must not have any criminal record and must be of high standing in his or her community, organization, society or country. Key advantages of Austrian residence-by-investment. This is one of the best options to protect your privacy and financial assets. The Act is an initiative by government to attract new businesses to stimulate the economy and create new employment opportunities. Spend credit points directly for your invoice. We are the only law firm that has a truly global overview of and expertise in Citizenship by Investment programs. Although the Austrian government does not receive a direct payment in Bitcoin, our authorized agents can receive crypto payment, subsequently converting the funds into fiduciary money to be remitted to the Austrian government and ensure its application in the Austria citizenship by investment program. This allows you to use your second passport to open an Offshore Bank Account without having to legally declare it to the tax authorities of your home country. Obtaining Austrian citizenship bears no tax consequences unless Austria becomes a place of your main residence. The Investor Visa schemes in Australia is a citizenship by investment scheme is developed to target accomplished business owners or investors to migrate and contribute to the Australian economy actively. Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. GGlobal Immigration Services Europe LLP is a Limited Liability Partnership, incorporated in England and Wales. If no free quota is available the application will be denied. The main applicant and his dependents (from 16 years onwards) need to prove German language skills on A1 level. You will pay the remaining service fee to us. Once the application is successful they will be issued Red-White-Red card for long term residency with extensions. Austria is the gold standard of the second passport and Citizenship by Investment Programs. The Austrian residence program offers persons who are financially independent, an cheap way of residence in Austria. This very straight-forward residence program is ideal for people seeking an easy way to take residence in one of the most peaceful … Although the procedure for obtaining citizenship by investment program is relatively simple, it is a very delicate process that requires a meticulous level of focus on the details and structuring of investment. Such investments require minimum connection with the country but allow for freedom of travel within the European Schengen zone and ultimately can lead to Permanent Residency … Click on the "Apply Now" or "Chat Now" button and leave a brief description of your needs. There are additional conditions and fees associated with this visa. Each member firm of “GIS group of companies “network is legally separate and independent entities affiliated with Global Immigration Services Pte. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. An open culture and a favourable geographical location between Eastern and Western Europe have helped Austria become the prime destination for investment … Austria Citizenship by Investment. Citizenship is confidential and is not communicated to other countries. Citizenship by Investment in Austria. If so, how? You and your spouse, your dependent children (up to 28 years) and parents and grandparents above the age of 65 (living with you) can also obtain citizenship under one application with additional government fees payable. Austria offers non-EU nationals the ability to apply for Austria residency by establishing and capitalising an Austrian company. An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. For both categories, the residence permits can easily be renewed. Significant direct investment is generally required. 100 credit points = US$ 1. AUSTRIA Residency by Investment Program Beautifully alpine Austria retains its reputation as a small and highly internationalized economy. Austria is the land that gave us Beethoven, Schubert, Mozart, Straus, Fritz Lang, Sigmund Freud, Hedy Lamar, Maria Von Trapp, Joy Adamson, Falco, Arnold Schwarzenegger, Thomas Muster and Christoph Waltz, to name just a few of its favorite sons and daughters. Both Paypal, Payeer and credit card companies report their money transfers to tax authorities in their home country. When you acquire citizenship under the Austria Citizenship by Investment Program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent. There are several residency by investment programmes in Europe that grant residency, often through real estate investment but without the requirement to reside. We will work with the government on your behalf. Residency Permits. Austria is one of only two countries in Europe that offers citizenship opportunities to foreign and non-EU citizens who make significant financial investments in the Austrian economy. The citizenship acquired under the Austria Citizenship by Investment program is fully recognized by the Government of Austria. A substantial investment will provide an investor with the opportunity to obtain Austrian citizenship and an EU passport without prior residency requirements. In cases where it is aimed to invest less, the chances of an approval are reduced; nevertheless, it depends on the business case and strong cases might be successful even with lower investment amounts. These programmes are especially popular with investors not wishing to emigrate and move their family but require flexibility should the need ever reside. Family members of … Art 10 (6) of the Austrian Citizenship Act (StbG) stipulates that Austrian citizenship may be granted if the federal government confirms that the granting of citizenship to the applicant is in the interest of the Republic of Austria due to his/her extraordinary past or prospective achievements. Citizens of Austria need to pay taxes of up to 55% on the income, but if the investor decides not to relocate to Austria, the investor will not be subject to the nation’s income tax. by Investment Foreigners who have made a significant contribution to the economic development of Austria, are eligible for citizenship under article 10 (6) of the Austrian Citizenship Act. These assets you should show in the form of a statement of account from an Austrian or major international bank), permanent accommodation in Austria, and health insurance that provides full coverage in Austria. The health insurance cover must be procured by an insurance company licensed in Austria. Nevertheless, and depending on the industry and business case we advise to invest at least €250,000 - €500,000. In essence, you and your family can gain lawful residency in Austria by making a meaningful investment or otherwise significant economic or intellectual property contribution to the country. Austria is a highly respected EU member state, and as an Austrian citizen you will be free to live and work in any country in the European Economic Area (EEA) and Switzerland, as well as visa free travel to the United States and Canada. Conditions that must be satisfied on application and thereafter. Explore the benefits for all levels. Invest a minimum of €220,000 in real estate, and you can get a residency visa. You are not required to live in Austria or visit Austria to keep your Austria passport. Highly-Qualified employees payments using Paypal, Payeer or your international bank transfers will always reported. 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