Austrian Citizenship For Extraordinary Merit
Austria is a German-speaking country in Central Europe, characterized by mountain villages, baroque architecture, Imperial history and rugged Alpine terrain. Vienna, its Danube River capital, is home to the Schönbrunn and Hofburg palaces. It has counted Mozart, Strauss and Freud among its residents. The country’s other notable regions include the northern Bohemian Forest, Traunsee Lake and eastern hillside vineyards.
Austria joined the European Union on 1st January 1995. Holders of Austrian passports are granted full rights as citizens of an EU Member State
AustriaN Citizenship by Investment
Under the Art 10. (6) of the Austrian Citizenship Act, Austrian Government may grant citizenship to foreign nationals in the case of extraordinary merit on a case-by-case basis.
The Act is aimed at high net-worth individuals who are willing to make investments that bring economic benefit to the country, such as an active business providing technology innovation, creating new jobs or contributing to the country’s foreign trade, or a donation to a relevant public project.
The investment per se does not guarantee obtaining the citizenship, and the grant is at the sole discretion of the Government.
FActs about Austria
Location: Central Europe
Population: 8,773,000 (2017)
Currency: Euro (EUR)
Size: 83,879km² (32,386 sq mi)
Life Expectancy: 80 years old
GDP: $478 billion
GDP per capita: $53,764
Timezone: GMT +1/+2 (daylight savings time)
Climate: Average yearly temperature 10°C
Airport: Vienna International Airport (VIE)
UNESCO World Heritage Sites: 10
Benefits of Austrian Citizenship
- The Austrian passport is the 5th strongest in the world. It offers visa-free or visa-on-arrival travel to 184 destinations including Canada, US and the EU.
- It offers the right to live, work, and study in any of the 28 EU countries and Switzerland.
- Austria has a stable political, social and economic environment.
- Austria is located strategically with prime international flight and sea connections.
- Austria is home to world-renowned healthcare and educational facilities.
- No requirement to reside in Austria.
Eligibility fOR cITIZENSHIP
- Be a least 18 years of age;
- Be a person of good standing with no criminal record;
- Invest actively in the Austrian economy (please see below more more information).
- Solid Financial and Business Background with supporting CV including excellent references.
What is the Application Process?
Citizenship is granted on the basis of a capital contribution. Citizenship is also granted by the Government on a case by case basis. However, this involves various procedures and requires government approval at several levels. It is therefore essential that the applicant is properly advised from the beginning and seek proffessional advice before making any investments.
Step 1 - Governmental Approval
The system, regarding Citizenship, involves several checks. Applicants have to go through thorough background checks as well as attend an interview in Austria.
Step 2 - Obligations
To qualify, the investment should be in an active business or a significant donation to the country’s economy.
Step 3 - Citizenship
The average time frame for an application is 24–36 months. Successful applicants receive full citizenship of the Republic of Austria by decision of the Government of Austria. Applicants can apply for a passport immediately afterwards.
What Are the Fees and Contributions?
To qualify, the investment should be in an active business or a donation to a public project, contributing significantly to the country’s economy. Therefore, passive investments such as Government bonds, financial instruments or real estate do not qualify.
Applicants can choose one of the below investments.
The contribution or donation to a public project, contributing significantly to the country’s economy.
Applicants must donate €2,000,000.
They can take the form of a joint venture, direct investment in an active business that creates jobs significantly or introduces science and research or innovation technologies to Austria.
This investment typically is €10,000,000.