Austria is one of the richest couries in Europe that offers a very high quality of life to its people. With its amazing natural attractions and developed economy, Austria has become one of the most popular cities for immigration and residency. One of the ways to obtain residency in this coury is the program Austrian Golden Visa through investme That is in today’s article in the Migration Journal completely about Austrian Golden Visa We have explained.
What is Golden Visa Austria?
Austria is one of the richest couries that provides a high standard of living for its resides. Nowadays, immigrating to Austria is very popular and it is rare to see a rich coury gra you citizenship through investme. This coury gives this opportunity to people who know German with its golden visa program. Golden Visa is one of the ways to invest in Austria.
Obtaining Austrian residency and citizenship is expensive and has severe restrictions. The investme made should help the coury’s economy and create jobs for resides in exchange for receiving citizenship and a second passport. The minimum investme amou starts from 2 million euros.
The residence permit is initially issued for one year and can be extended after that. After 10 years of legal residence and under special conditions after 6 years, you can apply for Austrian citizenship. The eire process of obtaining a Greek Golden Visa may take about 36 mohs.
Read more: Immigration to Austria through asylum
Advaages of Golden Visa Austria
This visa has many benefits due to the high quality of life in Austria. You can easily travel to 191 couries with the passport of this coury without a visa, including the United States of America, Germany, Switzerland, Spain, France, etc. Among its other advaages, the following can be meioned.
- Visa-free access and travel to all Schengen areas
- Access to high quality education and health care
- You can also apply for residence for family members.
- Many investme opportunities
- Citizenship and direct citizenship of Austria
- The right to work and live and study in higher universities
- High quality of life and excelle transportation and communication
- An opportunity to establish residency as an independe person
Read more: Obtaining an academic residence in Austria
Austrian Golden Visa Eligibility Criteria
Considering the number of annual quotas for this visa, which is about 300 people, and the strict restrictions of this coury, applicas must meet all the following conditions to obtain a visa and stay.
- Be at least 18 years old.
- Don’t have a criminal record.
- Have at least €40,000 cash in your bank accou.
- Your German language must be at A1 level.
- Have valid and private health insurance.
- Residence in Austria to obtain citizenship
- Renunciation of original citizenship to obtain Austrian citizenship
- Provide proof of permane resideial property (purchased or reed), where they and your family will live.
Read more: Obtaining permane residence in Austria through marriage
Austria Golden Visa investme options
The Austrian governme has provided many options for investme in this coury, but like other couries, it does not allow investme in real estate and governme bonds for Golden Visa. The following four direct investme options are the way to obtain Austrian citizenship:
- State fund: The investme in the fund can be around 3 million euros and is mostly a financial coribution. There will be no liability and it is non-refundable.
- Risky investme: In this type of investme, applicas can see the direct return of their capital. This type will help grow the economy and create jobs and is often around 10 million euros.
- Innovative business or first priority: Applicas can start an innovative or priority business, which must be approved by the Austrian governme.
- Joi veure: Applicas can invest their money on an importa business or project with domestic or foreign investors in a joi veure. The amou of this type of amou is uncertain and variable.
Read more: Immigrate to Austria through the birth of a child
Investor rules
There are many rules for the investor, and even if the investme amou (2 to 10 million euros) has not been determined, the investor must meet the following basic conditions. These terms and conditions are:
- Having a major personal coribution to the local economy
- The investme should have a common effect on Austria and other parts of this coury.
- After the investme, some full-time jobs should be created.
- The organization must be known.
- The investor must prove financial success and experience in the industry in which he invests.
- Applicas must be influeial and well known in the industry.
Read more: Obtaining Austrian residence through work visa 2024
Documes required for Austrian Golden Visa
After you are eligible to apply for this visa, in the next step, all your documes must be completed so that you can submit your application for review and approval. The documes required for the Austrian Golden Visa are as follows:
- Valid passport and its copy
- New passport size digital color photo
- Certificate of no criminal record
- Proof of income for the last three years
- Curre visa and proof of ery to Austria
- Educational certificates from educational institutions
- Birth certificate, marriage certificate, birth certificate of children and previous marriage documes (if any)
- A complete resume coaining information about the place of birth, education, employme history and personal conditions of each family member (from 14 years old and above)
Read more: Austrian tourist visa
Cost and investme processing time
When applying for an Austrian Golden Visa, the applica must pay about 700 euros per person for administrative, legal, consulting and tax costs. For married couples, the visa application fee is 1,400 euros plus administrative fees and taxes. Be sure to consider that you have to pay at least 8 to 10% extra on your initial capital.
The time required to process and approve your Golden Visa application, carry out investme matters and obtain citizenship may take between 14 and 36 mohs, which is completely variable.
Austrian Golden Visa application process
The process of applying for a golden Austrian visa is not as simple as we think, and it is not possible to provide a step-by-step guide for it, and it has an unclear structure. This process is long and requires the approval of many governme ceers and people. As a result of the decision and approval of the Austrian governme, you can get the full citizenship of this coury.
After accepting your application, you can immediately apply for a passport. After a few days, your passport will be issued. In order to do things as well as possible, we recommend you to get help from a professional immigration lawyer who has certification and experience in handling this type of visa.
