Living in Latvia
Austria is a highly desirable destination that provides excellent living conditions and a stable economy. Vienna, the capital city, is often recognized for its high quality of life, art, and cultural offerings. The country’s strong economic foundation, safe and clean environment, and exceptional infrastructure make it an ideal location to settle down. Austria’s rich culture is evident through its world-class museums, musical festivals and remarkable architecture. Visitors will be pleased to explore the picturesque natural wonders of the snow-capped mountains, verdant countryside, and breathtaking lakes.
It remains one of the wealthiest countries in Europe, and its economy is bolstered by close commercial ties with Central, Eastern and Southeastern Europe. Austria is a prime location for EU residence, and significant investments may result in citizenship and a passport without a resident prerequisite based on capital investments.
Residence for persons of independent means
Austria provides an attractive option for individuals seeking EU residency with relatively low entry requirements. Essential eligibility criteria include financial stability, German language proficiency at the A1 level, adequate accommodation, and comprehensive health coverage. Holding an Austrian residence permit permits unrestricted travel to all European Schengen Area nations. Upon reaching ten years of lawful residency, applicants can request Austrian citizenship.
Citizenship by investment
According to § 10 (6) of the Austrian Citizenship Act, foreign persons may be considered for citizenship if they have provided an extraordinary contribution that benefits Austria. This contribution could take the form of economic benefits or capital investment; however, Austrian citizenship is not granted solely on the basis of a capital contribution. To be eligible, the investor must bring new technologies, create a significant number of new jobs, or make an extraordinary contribution to the country in addition to their investment. Direct investment is generally required, while passive investments in government bonds or real estate do not typically qualify. Every case is handled individually, and applicants are assessed based on their individual merit and the potential benefits they can bring to Austria.
Country Information
Boasting economic stability, a pristine and secure environment, and top-notch infrastructure, Austria indisputably ranks as an exceptional place to reside.
Population: | 8.9 million |
Languages: | German, English |
Economy: | Advanced and well-developed |
Currency: | Euro |
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