If you're looking to relocate to Austria, there are a few different options available for residency and citizenship. If you have gainful employment in Austria, you may be eligible for a work visa. self-employed individuals may also be eligible for a startup visa. Those who are not employed may be able to obtain a residence permit if they can prove that they have enough financial resources to support themselves. There are also a few other options available for those who meet specific criteria.
The "settlement permit except for gainful employment" allows the holder to settle in Austria without the ability to work. Gainful employment (whether employed or self-employed) is not permitted. Therefore, it is the correct residence permit for financially independent nationals of a third country.
Foreign nationals must have a stable and consistent income. It must be feasible to live independently of governmental social welfare assistance. The level of income must be consistent with the legal reference rates, taking into consideration living expenses such as rent, loans, and similar expenses. The reference rates for 2022 are as follows:
Is dependent on the transfer of investment capital to Austria; or The proposed employment will generate new jobs or protect existing ones, or both. Associated with the establishment of a key force is the transfer of expertise or the introduction of new technologies, or The organization possesses the important key force for the entire region.
Applicants with a substantial financial capacity (minimum EUR100,000) and a substantial business plan may apply for an Austrian Self-Employed Residence Permit. To successfully get this visa, applicants must demonstrate investment availability, a business strategy, and readiness for business and living in Australia.
You can apply for a Red-White-Red Card for start-up founders as a citizen of a third country if you form a firm with the intention of developing and commercializing innovative products, services, processing techniques, or technology.
Establish a business in order to create and market novel goods, services, processing techniques, or technologies. Minimum of EUR 50,000 in cash and a minimum of a 50% equity stake are required to establish a new firm. Extra points are awarded in Austria for admission to a company incubator or funding by a startup funding agency.
Under the provisions of citizenship by investment, a candidate must actively invest in the Austrian economy, such as through a joint venture or direct investment in a business that creates jobs or generates new export sales. Typically, substantial direct investment is required. For example, passive investments in government bonds or real estate do not qualify.
Typically, the investment is at least €10 million if invested directly into a business or €3 million if provided as a contribution to the government development fund. As a general rule, the Austrian Citizenship Act requires applicants for Austrian citizenship to renounce their current citizenship as a prerequisite for receiving Austrian citizenship. In the case of a grant of citizenship pursuant to Article 10(6) of the Citizenship Act, the former citizenship may be legally maintained; the applicant may not be obliged to renounce his or her current citizenship.
According to the SovSpot Passport Ranking Index, the Austrian passport is presently ranked 5th. It allows access to 192 countries without the need for a visa. With a very high mobility score, it is regarded one of the most sought passports in the world. Visa-free travel and visas on arrival are available to Austrian passport holders in countries such as Brazil, Japan, the United Kingdom, the United Arab Emirates, and the United States, allowing for nearly rapid travel around the world. Austrian passport holders, on the other hand, need a visa to visit around 37 countries throughout the world.
The number of countries Austria passport holders can enter without a visa (i.e. visa-free countries) and those that allow Austria passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Austria passport ranking relative to other global passports (eTA). There are now 144 visa-free countries for Austria passport holders, 36 visa-on-arrival countries for Austria passport holders, and 12 eTA destinations. Austria passport holders can visit a total of 192 countries, either without a visa, with a visa on arrival, or with an eTA. As a result, Austria's passport is ranked number five in the world. ; In addition to these Austria visa-free and visa-on-arrival countries, Austria passport holders must get a physical visa or an eVisa to visit 37 additional countries (i.e. visa required countries).
Austria exclusively grants citizenship to the first generation of a descendant. As a result, children automatically get citizenship from their parents if:
When one of the parents holds a foreign citizenship based on jus sanguinis, such as Austria, the child has the right to dual citizenship and is not required to choose between the two nationalities under Austrian law.
Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:
A new interpretation from the Spanish Ministry of Justice confirms that all people born outside of Spain, children or grandchildren of people who originally had
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