If you participate in the investment programme and meet all its conditions, you’ll be eligible for permanent residence in Austria after 5 years. Additionally, after six years of legal residence, successful and talented individuals may also obtain citizenship through naturalisation and receive an Austrian passport.
Residence permit in Austria
Austria residence permit requirements and conditions
To be the owner or secure a long-term rental agreement for housing, the area of which corresponds to the composition of the family
Demonstrate financial independence
Pass a medical examination and obtain health insurance
Prove basic knowledge of the German language
Reside in the country for the duration required by the programme
Visa-free travel with countries
What documents are required to obtain a residence permit in Austria
If you're exploring how to get an Austrian residence permit, investment is a suitable option for financially self-sufficient individuals. Austria requires the following documents from applicants:
- A completed application form in German
- A valid passport
- Passport-style photographs
- Proof of housing in the country (long-term lease or purchase agreement)
- Health insurance policy
- Bank statements, tax returns or other income documents
- Criminal record certificate from the country of residence
- Birth and marriage certificates (for family members)
The process of obtaining an Austrian residence permit
Selection of the basis
Prepare and if necessary, translate and certify the following documents
- Completed application form in German;
- Passport;
- Document photos;
- Proof of residence (rental or ownership agreement);
- Health insurance policy;
- Proof of financial security (bank statements, tax returns);
- Criminal record certificate from your country of residence;
- Birth and marriage certificates (if applying for family members).
Submission of the application
Payment of the state fee
Passing the interview
Waiting for a decision
Receiving the status
Residence registration
How to obtain a residence permit after the expiry of the original document
Investor costs in Austria
Financially self-sufficient applicants must demonstrate that they have sufficient funds in their account. The required amount depends on the size of the family. The minimum amount per applicant per year is EUR 23,208. If you plan to purchase your own home, keep in mind that investing in Austrian property involves several costs that should be considered when planning your budget. The main costs include the property transfer tax, which is 3.5% of the purchase price. Additionally, registration fees are paid separately and amount to 1.1%.
Legal services also involve costs: notary and attorney fees typically range from 1% to 3% of the property’s value. Additionally, property valuation costs should be considered, which may amount to 0.5% of the property’s value.
Applicant's expenses | The money spent |
---|---|
Buying or renting a property | There is no minimum amount |
Registration of health insurance | From EUR 400 per month for each family member |
Mandatory application fee | EUR 75 per child under 6 years of age, EUR 120 per participant over 6 years of age |
Fee for processing personal data | EUR 20 per applicant |
Fee for issuance of residence permit cards | EUR 50 per family member over 6 years old, EUR 20 per child under 6 years old |
Countries whose citizens can obtain a residence permit in Austria
Citizens from the following countries can obtain an Austria residence permit by investment: Russia, China, India, the USA, Canada, Australia, Ukraine, Turkey, the UK and Brazil.