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Tuesday, May 28, 2024
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    Austria Citizenship By Investment Benefits & Procedures

    You are free to live and work anywhere in the EU as long as you are an Austrian citizen. With a stellar reputation, the Austrian passport allows for extremely extensive travel—including to Hong Kong (SAR China), Japan, Singapore, and the USA—without the need for a visa.

    It is in the top 10 strongest passports and is unquestionably one of the best travel documents available. You and your family can enjoy full citizenship for life after obtaining citizenship under the Austrian Citizenship Act, and this can be inherited by future generations.

    Benefits of Austria citizenship by investment

    • Visa-free or visa-on-arrival travel to approximately 190 destinations
    • The right to reside anywhere else in the EU and Switzerland
    • High quality of life
    • Excellent transport and communications

    Requirements of Austria citizenship by investment

    Under the citizenship by investment provisions, an applicant is required to invest actively in the Austrian economy, for example in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales.

    Significant direct investment is generally required. Passive investments in government bonds or real estate, for example, do not qualify.

    In addition to standard documentary requirements (such as passports, birth, and marriage certificates), a completely clean personal record (certificate of no criminal record), a comprehensive CV, and business background information, as well as impeccable references must be provided by all applicants.

    The Austrian Citizenship Act generally requires the applicant to abandon their current citizenship as a precondition for being granted Austrian citizenship.

    However, in case of a grant of citizenship under the provisions of Article 10 (6) of the Citizenship Act, the former citizenship can be legally maintained, that is, the applicant may not be required to give up their present citizenship.

    Austria citizenship by investment procedures and time frame

    The grant of citizenship on the basis of a capital contribution involves various procedures and requires government approval at several levels.

    It is therefore essential that the applicant is properly advised from the beginning, that each individual case is carefully prepared, and that informal approvals from the key ministries are obtained before the investment is made and the formal application process is started.

    The procedure involves a thorough background check. Citizenship documents are issued after the citizenship application has been approved.

    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 and can apply for a passport immediately afterwards. Passports are issued within a few days.

    The grant of citizenship is not published and not reported to any other country, as it falls within the government provisions relating to privacy or official secrets.

    Performance guarantee

    The granting of citizenship is at the sole discretion of the Government of the Republic of Austria, and we are unable to guarantee that applications will be approved.

    However, great care has been taken to provide the best possible safeguards for persons entering the application process.

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