Austria Permanent Immigration Programme

Residency | Access to Schengen Area

The Austria Permanent Immigration Programmes are administered by the Migration Department of Austria and regulated by the Settlement and Residence Act.

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  • 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; 

About Austria


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.


Commitment Expectations

To apply for permanent residence through the Austrian Permanent Immigration Programmes, applicants must:

  • Have regular monthly income such as through Austrian or foreign pensions, profits from enterprises abroad, income from assets, savings or company shares. This income must equal the amount of the standard rates of the Austrian General Social Insurance Act (ASVG). Currently these amounts stand at EUR 933.06 for a single applicant, EUR 1,398.97 for a married couple/partners and EUR 143.97 for every minor;
  • Have health insurance coverage, providing benefits in Austria and covering all risks;
  • Provide evidence of a legal title to an accommodation (e.g. by presenting a lease contract) considered adequate for the applicant’s family size according to local standards; and
  • Provide evidence of basic German language skills at beginner level;

Furthermore;

If applying through the Self-Employed Key Workers route, the applicant is required to:

  • Invest a minimum capital of EUR 100,000 in Austria; OR
  • Create new jobs or secure existing jobs in Austria; OR
  • Transfer know-how, the introduction of new technologies or create an undertaking of considerable significance for the entire region;

If applying through the Start-Up Founders route, the applicant is required to:

  • Establish a company in order to develop and launch innovative products, services, processing methods or technologies;
  • Personally exert controlling influence on the management of the newly set-up company;
  • Prove capital for the company to be founded amounting to EUR 50,000 minimum with an equity share of at least 50%; and
  • Score 50 points minimum on the respective points-based scoring mechanism;

If applying through the Settlement Permit – Gainful Employment Excepted route, the applicant is required to:

  • Have regular monthly income such as through Austrian or foreign pensions, profits from enterprises abroad, income from assets, savings or company shares, which must equal twice the amount of the standard rates of the Austrian General Social Insurance Act (ASVG). Currently these amounts stand at EUR 1,866.12 for a single applicant, EUR 2,797.94 for a married couple/partners and EUR 287.94 for every minor.

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.

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Real Estate

Real estate is not an eligible investment for this programme;

Investment

  • Self-employed Key workers; A minimum investment capital of EUR 100,000; or
  • A business that creates new, or secures existing jobs; or
  • Has a considerable significance for the entire region;


OR


  • Start-up Founders; A minimum investment capital of EUR 50,000 and an equity share of a minimum of 50%, in a business which develops and launches an innovative product, service, processing method or technology;


OR


  • Settlement Permit – Gainful Employment Excepted; Have a minimum regular monthly income of EUR 1,866.12 for a single applicant, EUR 2,797.94 for a married couple and EUR 287.94 additionally for each minor dependent from Austrian or foreign pensions, profits from enterprises abroad, income from assets, savings or company shares;

Contribution

This programme does not require applicants to make a financial contribution to the state; 

Commitments

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, 

Administrative Fees

  • Application processing fees for applicants over 6 years of age are EUR 120, and EUR 75 for children up to 6 years of age;
  • A Granting fee of EUR 20 for applicants over 6 years of age, and EUR 50 for children up to 6 years of age;
  • Personalisation fee of EUR 20

And Also:

  • Basic German language skills at beginner level may be required, depending on the route chosen;
  • Proof of legal title to locally customary accommodation (e.g. by providing a lease contract), considered adequate for the number of people applying;