The Austria Permanent Immigration Programmes are administered by the Migration Department of Austria and regulated by the Settlement and Residence Act.View Agents
Mobility : Access to Schengen Area
Minimum Capital Outlay : € 50,180
Application Processing Time : ~ 2 Months
Physical Presence : Required
Minimum Criteria : Job Creation; Business; Capital Investment; Regular income
Pre-requisites : Main applicant must be at least 18 years of age; Proof of adequate means of subsistence; Health insurance coverage (Private or State); Evidence of German Language skills may be required; No threat to public order or security;
Austria is a landlocked country in central Europe, with a population of approximately 9 million. Its capital is Vienna, and the official language spoken is German. Austria uses the Euro as its currency.
Austria is one of the world’s most advanced economies and a member of the OECD. Austria is part of the Europe Union and as such citizens have freedom of movement in the Union. It has been one of the best-performing economies in the EU in the last decades. Vienna, its capital, is often ranked by Mercer as one of the best cities for quality of life.
Austria has also become a hub for start-ups and innovation due to its world-class infrastructure. The country has a very dynamic economy geared toward the service industry and innovation. Tourism is also at centre stage in Austria’s economy.
Benefits of the Austria Permanent Immigration Programmes
The Austria Permanent Immigration Programmes, offer three residence routes for individuals who are economically self-sufficient.
The ‘Self-Employed Key Workers’ route', is available if through a self-employed occupation in Austria, the applicant creates macroeconomic benefit going beyond the undertaking’s operational benefit. Furthermore, through the ‘Start-Up Founders’ route, applicants are able to gain residence by establishing a company in order to develop and launch on the market innovative products, services, processing methods or technologies.
Applicants wishing to settle in Austria without gainful employment may obtain a residence through the ‘Settlement Permit – Gainful Employment Excepted’, as long as the applicant has a regular monthly income equalling twice the amount of the standard rates of the Austrian General Social Insurance Act (ASVG) and conditional to meeting all the criteria for the general requirements for granting a residence.
Austria also presents attractive advantages for businesses with a corporate tax rate at 25%. For individuals, income tax is relatively high but the country does not impose inheritance or wealth tax.
To apply for permanent residence through the Austrian Permanent Immigration Programmes, applicants must:
If applying through the Self-Employed Key Workers route, the applicant is required to:
If applying through the Start-Up Founders route, the applicant is required to:
If applying through the Settlement Permit – Gainful Employment Excepted route, the applicant is required to:
Further to this the amount of government-related fees amounts to EUR 185 each for the main applicant and any adult dependents, and EUR 145 for minor dependents.
The Application Process
The application process typically starts with the signing of a client agreement and a power of attorney with a service provider. This facilitates the process for the applicant, as the service provider undertakes the liaison with the different stakeholders. The process then continues with the preparation of the application and the supporting documentation. As applicants might be required to enter the country at some stage of the process, It is important to check if an ordinary entry visa will be required.
Once the residence authority receives the application, this will be forwarded to the Public Employment Service (AMS). Within three weeks, the AMS will issue an expertise on the macroeconomic benefit of the intended professional activity, especially regarding the transfer of investment capital and the creation and the securing of jobs (if applicable).
If the conditions are met, the AMS will send a positive opinion to the residence authority. The residence authority will issue a Red-White-Red Card, if all general requirements (such as adequate accommodation according to local standards, health insurance, etc.) are fulfilled. If the application is accepted, the Austrian representation will inform the applicant accordingly.
The Red-White-Red Card is issued for 24 months and entitles applicants to fixed-term settlement and the pursuit of the self-employed occupation as described in the application. After five years of lawful residence without interruption applicants may proceed to apply for long-term residence.
Real estate is not an eligible investment for this programme;
This programme does not require applicants to make a financial contribution to the state;
After the expiration of the initial two-year residence period, an extension is possible in the form of a three-year settlement permit, or a Red-White-Red card plus which may be valid for up to three years,