All details of the Austrian Residence by Investor are available on this website. You do not need a visa to enter any of the Schengen Area states of Europe if you have an Austrian residency permit. After being granted for a year, a resident permit can be renewed without issue or obstacle. One may petition for Austrian citizenship after ten years of lawful residence, or six years in some cases.
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Benefits of an Austrian Residence Golden Visa:
- Possibility of settling down as an independent individual
- Visa-free entry into every Schengen Area member state in Europe
- Potential possibility of citizenship following 10 years of residency
- Appealing way of life and wholesome environment
- Superior communication and transportation
Austrian Residence Golden Visa Requirements:
A limited number of candidates will be selected because there is a stringent annual quota of approximately 300 people in place. Applicants must meet all of the standards listed below to be eligible for residency under the Austria Private Residency Program. They ought to:
- Possess a bank account with a minimum balance of EUR 40,000 in liquid funds; this amount will vary according to the size of their family.
- Certify that they and their dependents will be residing in permanent residential real estate, either owned or rented.
- Possess health insurance from a private company.
- Have certified A1 proficiency in German.
Furthermore, candidates must:
The Austrian consular or diplomatic representative in their present place of residence should receive the necessary paperwork from them in person.
Upon approval of their residence application, applicants should get a special visa from the Austrian embassy. This will allow them to go to Austria and pick up their resident permit from the appropriate official.
Procedures and time frame of the Austrian Residence Golden Visa:
Applicants must personally provide the necessary paperwork to the Austrian consular or diplomatic office in their present country of residence during the application process. The application’s filing date is crucial since certain residency permits have strict quota requirements. The applicant must obtain a special visa from the Austrian embassy when the permit is approved. This visa enables the applicant to go to Austria and pick up the residence permit from the rightful authorities.
Applications must be processed within a minimum of one month, however approval typically takes three months. The residence permit must be picked up in person from the Austrian granting body as soon as it is issued. Furthermore, if a non-EU or non-EFTA citizen plans to stay in Austria for longer than 24 months, they will need to sign an integration agreement. The cards that are used to get the residency and settlement permits can be renewed annually.
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