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Austria is one of the most attractive countries in the world to live in. An ideal combination of economic stability, a clean and safe environment and excellent infrastructure make it an outstanding place of residence. For persons of independent means as well as those who can qualify under the "Key Manager" category, Austria offers the possibility to become resident in a Schengen Area member country with minimal bureaucratic requirements. |
 Goldegg, Austria |
An Austrian residence permit allows you to travel to all Schengen states without the need for a visa. A residence permit is first issued for one year and can then be yearly renewed without problems or interruptions. After six years of legal residence it is possible to apply for Austrian citizenship
Residence for Persons of Independent Means
Under the category of financially independent persons, or persons of independent means, the key criteria are that you can show sufficient funds (you must be able to show that you have at least EUR 100,000 in liquid assets at your disposal, 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 cover in Austria.
Wife and children under 18 years can be included in an application. The processing time for applications under this category currently stands at approx. 11 months.
Residence and Work Permit as a Key Manager
Under the category of “Key Manager”, the main criteria are that you are appointed manager of an Austrian based company and that you are employed with a salary of EUR 2,500 minimum per month. This leads to approx. EUR 800 per month in effective costs for taxes and social security contributions on this salary.
Wife and children under 18 years can be included in an application. The processing time for applications under this category currently stands at approx. 3 months.
For both categories, the residence permits can easily be renewed every year.
Some of the many advantages of Austria
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Possibility to establish residence as a person of independent means |
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Austrian residence permit gives visa-free access to all Schengen States |
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There is no need to spend any particular time actually residing in Austria |
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Citizenship may be available after 10 years of residence |
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Citizenship-by-investment possible without prior residence for substantial investors |
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Attractive life style and healthy environment |
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Excellent transport and communications |
Further Information
Please contact us for more information on residence and citizenship in Austria for investors and financially independent individuals, or to arrange for an initial personal consultation.
