Austria is one of Europe’s wealthiest countries, with a high standard of living for its citizens. Austria is an exceptional place to live, with breathtaking natural features and a well-developed and stable economy.
Austria Citizenship by Investment
As an Austrian citizen, you have the freedom to live and work anywhere in the EU at any time.
The Austrian passport has a good reputation and enables a wide range of visa-free or visa-on-arrival travel options, including visa-free travel to the United States. It is without a doubt one of the world’s best travel documents.
When you become an Austrian citizen under the Austrian Citizenship Act, you and your family have full citizenship for life, which can be passed down through the generations.
Requirements of Austria citizenship by investment
An candidate for citizenship by investment must make an active investment in the Austrian economy, such as through a joint venture or direct investment in a business that produces jobs or generates new export sales. In most cases, a significant amount of direct investment is necessary. Government bonds and real estate, for example, do not qualify as passive investments.
All applicants must offer a fully clean personal record (certificate of no criminal record), a comprehensive CV and business background information, as well as impeccable references, in addition to normal documentary requirements (such as passports, birth, and marriage certificates).
As a general rule, the Austrian Citizenship Act mandates that the applicant give up their current citizenship before being granted Austrian citizenship. However, if citizenship is granted under the requirements of Article 10 (6) of the Citizenship Act, the applicant’s previous citizenship may be legally preserved, and the applicant may not be obliged to give up their current citizenship.