Austria is one of Europe’s wealthiest countries, offering a very high quality of life to its people. With awe-inspiring natural attractions and a well-developed and stable economy, Austria makes for an outstanding place of residence.
AUSTRIAN RESIDENCE PERMIT FOR FINANCIALLY INDEPENDENT PERSONS:
✓ Austrian residency gives you the right to live year-round in Austria, and also to visit other countries in the Schengen area visa-free
✓ A residency permit is granted at the same time to both the main investor and members of his/her family, including dependent adult children
✓ Austrian residency for financial independent applicants does not oblige you to reside in Austria year-round, and thus you can choose in which country you wish to be a tax resident
✓ Living in Austria on the basis of a residency permit will give you an opportunity to later apply for permanent residency and Austrian citizenship
REQUIREMENTS FOR OBTAINING AUSTRIAN RESIDENCE PERMIT FINANCIAL INDEPENDENCE
✓ You must hold in a bank account at least 400,000€ or hold in your account an amount of at least20,000€ for each adult family member and at least 10,000€ for each child, plus proven income of at least 2,000€/month for each family member.
✓ A PROPERTY TO LIVE IN The applicant must have a permanent address obtained based on a deed of ownership or rental contract.
✓ KNOWLEDGE OF THE GERMAN LANGUAGE The applicant must prove a basic A1 level(elementary knowledge, ability to get by).
✓ NO CRIMINAL RECORD OR SERIOUS ILLNESS This must be attested by a document from your country’s law-enforcement authorities and a health
❗ For this residency program, the Austrian government sets a quota that is distributed across the individual territorial divisions of the country. The quota can differ from one region to another, and in the most popular regions, the quota is exhausted very quickly. Thus, the quota for Vienna is exhausted most quickly of all, and significantly more free slots are available for those who wish to live in Lower Austria or other regions.