MORE ABOUT Austria

Austria's Economic Residency

Transform your entrepreneurial vision into EU opportunities through Austria's self-employed visa program with access to Central Europe's innovation hub and high quality of life

MOBILITY ASSSET SNAPSHOT

Secure economic residency in Austria, a high-quality living destination in the EU, known for its cultural heritage, Alpine beauty, and robust economy.

Austria
Mobility Asset Index Score
60.68%
Mobility Asset Type
Economic Residency
Official Name
Red-White-Red Card for Self-employed Key Workers
Launched in:
2011
Online Submission:
No
Residency Privileges
(in months)
2
Adjudication Time
(in months)
5
Minimum Stay Requirement
(in days)
183
In-Country Presence Requirement
(in months)
6

Overview

A permanent economic residency option in Austria, providing access to a high-quality lifestyle in the heart of Europe.

Eligibility Requirements

Substantial investment in approved sectors

Anchor Ancestor restrictions

Months to citizenship

Length of Visa

2 years visa

Months to Visa

4 months

Physical Presence Requirement

Must live in the country for at least 183 days per year

Availability

In-person application

Family Allowance

Spouse and children

Overview

Apply through Austrian Business Agency + Submit financial documentation at Austrian embassy or consulate

Overview

Discover How GlobalPassport Simplifies the Application Process for Austria's Economic Residency

Step-by-Step Guidance

Our experienced team will guide you through each stage of the application process, offering personalized assistance tailored to your needs.

Document Preparation

We'll help you gather and organize the documents you need for applying.

Application Submission

Once your documents are ready, we'll let you know where and how to submit your application to the relevant authorities.

Questions?

FAQ's

Find answers to common questions about GlobalPassport™ and our services.

What is the minimum investment for Austria economic residency?

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How long is the residency valid?

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Can I work in Austria?

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Is there a language requirement?

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Can family members join?

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benefits

Access to EU's Advanced Infrastructure and Central European Market with High-Quality Healthcare and Education Systems

Freedom to Run Your Own Business While Enjoying Austrian Work-Life Balance and Social Security Benefits

Clear Pathway to Permanent Residency After 5 Years with Full Access to EU/Schengen Area

Fast Processing Time

Cheap investment options (compared to other Residence by Investment Programs)

Option to renew the visa once it has expired

Visa-Free Travel Countries

157

Passport Validity

10 years, 6 years for children and certain adults

Overview

Questions?

FAQ's

Find answers to common questions about GlobalPassport™ and our services.

What is the minimum investment for Austria economic residency?

Plus icon

How long is the residency valid?

Plus icon

Can I work in Austria?

Plus icon

Is there a language requirement?

Plus icon

Can family members join?

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REQUIREMENTS

Requirements for Austria - Economic Residency

Check if you qualify based on your family history

Direct Ancestral Connection

Not applicable

Documentation

Proof of investment: supporting documents of the investment made in any of the eligible investment types

Unbroken Chain of Citizenship

Not applicable

Legal Compliance

Criminal Record: A clean criminal record is required

REQUIREMENTS

PROCESS

Economic Residency Process

#1

Initial Assessment

• Verify investment capacity

• Review investment options

• Complete preliminary eligibility check

#2

Investment Selection

• Choose qualifying investment type

• Perform due diligence on investment options

• Engage legal/financial advisors

#3

Application Preparation

• Gather source of funds documentation

• Prepare investment documentation

• Complete background verification

• Obtain required certifications

#4

Investment Execution

• Make qualifying investment

• Obtain investment verification

• Complete any required registrations

#5

Submission & Approval

• Submit residency application

• Complete biometrics (if required)

• Receive residency card/approval

Start now by taking our free assessment

START ASSESSMENT

PROCESS

Timeline for Austria - Economic Residency

DOCUMENTS

Documents Needed for Austria - Economic Residency

Important Notes
• All documents must be original or certified copies
• Non-English documents require certified translations
• Documents must be apostilled where applicable
Personal Identification Documents
Core identity documents required from the applicantis is some text inside of a div block.

Passport+Photo (45x35mm) not older than six months)

Vital Records Documents
Birth, marriage, and death certificates from applicant and ancestors

Marriage certificate and birth certificates of dependents (if applicable)

Proof of Residence Documents
Evidence of current residence status

Not applicable

Criminal Clearance Documents
Background check documentation

Clean Criminal Record certificate is required for the applicant

Financial Documents
Proof of payment and financial requirements

Proof of Investment: Bank statements or other documents verifying the investment+Proof of Funds: Documentation demonstrating the source of the investment funds (e.g., tax returns, bank statements).

DOCUMENTS

Costs Associated with Austria - Economic Residency

Pre-Application Costs
Essential document preparation and verification costs

Birth certificates from government archives; Marriage certificates for family dependencies; Police clearance records from current and past residences

Certified translations into official language(s); Apostille certification; Government-issued document legalization

Diploma and transcript verification; Professional certification authentication; Credential evaluation services

Government Application Fees
Official fees charged by government authorities

Initial application submission fee; Processing and handling charges; Administrative review fees

$150

Fingerprint collection fee; Digital photograph requirements; Biometric data processing

Required medical examinations; Vaccination verification; Health certificate processing

Post-Submission Costs
Costs after submitting your application

Document verification fees; Background check processing; Application status updates

Consulate visit expenses; Interview travel costs; Temporary accommodation (if required)

Language proficiency testing; Skills assessment fees; Additional document requests

Professional Services
Optional external support services

Immigration lawyer consultation; Document review services; Legal representation fees

Tax planning consultation; Asset transfer advisory; Investment planning services

Relocation services; Property search assistance; Settlement support services

Post-Acceptance Costs
Costs after approval

Residency card processing; Passport issuance fees; Registration certificates

Oath ceremony fees; Registration charges; Local authority fees

Renewal fees; Status maintenance costs; Annual reporting fees

Rankings

GlobalPassport™ Mobility Asset Index

132

Overall Rank

Cost

Based on application fee

Residency Requirements

Based on residency requirements

Residency Privileges Length

Based on programs’s term

Processing Speed

Based on estimated processing time

Eligibility Requirements

Based on entry requirements

Program Stability

Based on years of activity

Time to Permanent Residency

Based on permanent residency timeline

Rankings

Global Rankings/ Comparisions

Safety

Austria

3

Cost of Living

Austria

11

Quality of Life

Austria

19

Healthcare Quality

Austria

13

Internet Speed

Austria

56

Human Freedom

Austria

24

Discover More About Austria

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