Denizen Global

AUSTRIA RESIDENCE PERMIT

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 an 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 opportunity to become resident in a Schengen Area member country with minimal bureaucratic requirements. An Austrian residence permit allows you to travel to all Schengen states without the need for a visa. A residence permit is initially issued for one year and can then be renewed annually without problems or interruptions. After 10 years of legal residence, and in certain circumstances after seven years, it is possible to apply for Austrian citizenship.

RESIDENCE FOR PERSONS OF INDEPENDENT MEANS
Under the category of persons of independent means, the key criteria are that you have sufficient funds (you must be able to show that you have at least EUR 80,000 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.
A spouse and children under 18 years can be included in an application. Due to a strictly applied quota system, the processing time for applications under this category can, however, be lengthy.
RESIDENCE AND WORK PERMIT AS A KEY MANAGER
Under the category of 'Key Manager', the main criteria are that you have been appointed as a manager of an Austria-based company and are employed at a minimum salary of EUR 2,500 per month. This corresponds to approx. EUR 800 per month in effective costs for taxes and social security contributions.
A spouse and children under 18 years can be included in an application. The processing time for applications under this category is normally not more than about 3 months. For both categories, the residence permits can easily be renewed every year.

REQUIREMENTS TO APPLY FOR RESIDENCE IN AUSTRIA
Either Persons of Independent Means
Or Residence and Work Permit as a Key Manager

VALID PASSPORT
Must have a valid passport
SOURCE OF FUNDS
Provide documents supporting the source
CRIMINAL RECORD
The applicant has no criminal record
INVESTMENT
The applicant has made the required investment


RESIDENCY

BENEFITS OF RESIDENCY IN AUSTRIA

  • Opportunity to establish residence as a person of independent means
  • Austrian residence permit gives visa-free access to all Schengen States
  • There is no need to spend any particular time actu ally residing in Austria
  • Citizenship may be available after 10 years of resi dence
  • Citizenship-by-investment possible without prior residence for substantial investors
  • Attractive lifestyle and healthy environment
  • Excellent transport and communications

austria
AUSTRIA
  • Population: 8.22 million
  • Population: Ranked Ranked 94th in 2013.
  • GDP: $47,226.20
  • GDP per capital: Ranked 11th in 2012.
  • Largest city: Vienna - 1,600,000
  • Capital city: Vienna
  • Major language: German, English
  • Major religion: Christianity
  • Monetary unit: Euro
  • Alternative names: Republic of Austria, Republik
  •   Oesterreich, Austria, Oesterreich

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