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Country Details

Globe Capital Group > Residency > European Residence > Austria

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Austria

Austria ranks among the richest nations in Europe and provides its citizens with an exceptional quality of life. Its breathtaking natural scenery and strong, stable economy make it an excellent place to live.

  • Requirements

    Approximately EUR 50,000 in liquid funds, German language skills, permanent accommodation, and private healthcare insurance

  • Key benefit

    Freedom of travel to Austria, the rest of the EU, and Europe’s Schengen Area

Austrian Residence by Investment Program

An Austrian residence permit offers valuable advantages, most notably visa-free travel throughout all Schengen Area countries, making it highly convenient for both personal and professional mobility within Europe. The permit is initially granted for one year and can be renewed without difficulty, provided the holder maintains legal residence, sufficient financial means, and valid health insurance. This ensures a stable and uninterrupted stay in Austria. Over time, long-term residents can access further opportunities; after ten years of continuous lawful residence—or in certain cases, just six years—they may become eligible to apply for Austrian citizenship. This not only provides full rights within Austria but also EU citizenship, allowing unrestricted living and working access across all EU member states, significantly enhancing freedom and opportunity.

Benefits of an Austrian golden visa

Residence option for financially independent individuals.

Visa-free access to all Europe’s Schengen Area states

Citizenship eligibility after 10 years of residence

Attractive lifestyle and healthy environment

Requirements Austria golden visa

ChatGPT said: Due to a strict annual cap of roughly 300 spots, only a limited number of applicants are accepted each year. To qualify for residence through the Austria Private Residence Program, individuals must meet all the following criteria:

  • Have approximately EUR 50,000 in liquid funds on a bank account, the amount of which will increase depending on the size of their family.
  • Provide proof of permanent residential real estate (either purchased or leased), where they and their dependents will live.
  • Have private healthcare insurance.
  • Have documented German language skills (at A1 level).

Applicants are also required to:

  • Personally submit the mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence.
  • Obtain a special visa at the Austrian embassy, once their residence application has been approved, which will enable them to travel to Austria to collect their residence permit from the relevant authority.

Procedures

Applicants must submit essential documents in person to the Austrian consular or diplomatic office in their current country of residence. Due to strict quotas for certain residence permits, the timing of the application is critical. Once approved, the applicant must collect a special visa from the Austrian embassy to travel to Austria and obtain the residence permit from the relevant authority.

After the permit is granted, it must be picked up in person in Austria. Non-EU and non-EFTA citizens must sign an integration agreement if staying in Austria for over 24 months. The residence and settlement permits are issued as cards and can be renewed annually.

Austria residence

Austria residence by investment program frequently asked questions

This program allows financially independent individuals to obtain residency in Austria without engaging in employment. It also provides visa-free access to the Schengen Area and may lead to citizenship after a certain period of legal residence.

Key benefits include the right to live in Austria, travel freely within the Schengen Area, enjoy a high standard of living, and potentially apply for citizenship after fulfilling residency requirements.

Applicants must meet several conditions: they need to show liquid financial assets of roughly EUR 50,000 (with the amount increasing for dependents), provide proof of a permanent home in Austria (either rented or owned), have valid private health insurance, and demonstrate basic knowledge of German at A1 level.

The residence permit is initially valid for one year and can be renewed each year, provided all the eligibility criteria continue to be fulfilled.

Yes, the program is subject to a strict annual cap of around 300 individuals, making the timing of the application submission very important.

Yes, immediate family—such as a spouse and dependent children—can be added to the main applicant’s residence request.

Applicants must submit their documentation in person to the Austrian embassy or consulate in their country of residence. After approval, they receive a special visa to enter Austria, where they must go in person to collect their residence permit from the appropriate authority.

Yes, citizens of non-EU and non-EFTA countries who plan to stay for longer than 24 months are required to sign an integration agreement as part of their residence conditions.

Citizenship can generally be requested after ten years of continuous legal residence in Austria. In some cases, such as demonstrated integration, the waiting period may be reduced to six years.