Austria Residency

Austria grants residence in an EU country and provides visa-free access to Europe’s Schengen Area for a limited number of German-speaking applicants, subject to strict criteria.

Austria, Europe’s wealthiest nation, offers a high standard of living and stunning natural attractions, making it an attractive place to live. Its stable economy, vibrant culture, and excellent infrastructure appeal to those seeking residency within the EU.

Austria facilitates residency for substantial investors without prior residence requirements, providing an excellent opportunity to establish a foothold in the region.

Time Frame

1-3 months from submission of the request to approval

Investment Requirement

• Liquid funds of a minimum of €40,000
• German Language Skills
• Permanent Housing
• Private Health Insurance

Key Benefits of Austrian Golden Visa

• Possibility of obtaining residency as an independent individual is available
• Visa-free entry to all Schengen Area countries in Europe
• After 10 years of residency can be eligible to apply for citizenship
• Experience an enticing lifestyle within a healthy environment
• High quality infrastructure that enables seamless communication and transport

Austria Golden Visa Requirements

There is a strict annual limit of 300 applicants, and therefore only a limited number will be chosen. All applicants must fulfill the eligibility criteria, which includes:

• Minimum of €40,000, however the amount of liquid funds varies based on family size
• Provide documented proof of owning or leasing a permanent residential property where the applicant and their dependents will reside
• Private healthcare insurance
• Documented German language skills (at A1 level)
• Personally send the required documentation to the Austrian consular/diplomatic representation in the country of residence
• After their residence application receives approval, applicants can request a special visa from Austria’s embassy, enabling them to travel to Austria and obtain their residence permit from the relevant authority

The Austrian Golden Visa Procedure and Time Frame

Applicants must personally submit all required documentation to the Austrian consular/diplomatic representation in their country of residence during the application process. Timely submission is crucial due to strict quota restrictions for certain residence permits. Upon permit approval, applicants must retrieve a special visa from the Austrian Embassy to travel to Austria and obtain the residence permit. While applications have a minimum Time Frame of one month, approvals may extend up to three months. The issued residence permit must be collected from the Austrian issuing authority. Non-EU or non-EFTA citizens intending to stay in Austria for over 24 months must sign an integration agreement. Residence and settlement permits are renewable annually.

If you would like to learn more about the Austrian Golden Visa, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.