Austria stands out as an exceptional place to establish residence within the EU, being the only Western European country that allows for the acquisition of citizenship by investment and an EU passport without prior residence requirements.
Investment
Significant contribution to the Austrian economy
Processing time
The timeline varies per application but
typically ranges from 24 to 36 months
Key benefit
Visa-free or visa-on-arrival access to
approximately 190 destinations, including Canada, Hong Kong, the EU, and the
Schengen Area in Europe
As an Austrian citizen, you have the freedom to live and work anywhere in Austria and throughout the EU at any time. The Austrian passport is highly regarded, providing extensive visa-free or visa-on-arrival access to destinations such as Hong Kong (SAR China), Japan, Singapore, and the USA. It is considered one of the world's most powerful travel documents, consistently ranking in the top 10 on the Tisoro Passport Index. Acquiring citizenship under the Austrian Citizenship Act grants you and your family full citizenship for life, which can be passed down to future generations by descent.
Under the citizenship by investment provisions, applicants must make an active investment in the Austrian economy, such as through a joint venture or direct investment in a business that creates jobs or generates new export sales. Significant direct investment is typically required, as passive investments in government bonds or real estate do not qualify.
Applicants must also provide standard documentation (such as passports, birth, and marriage certificates), a clean personal record (certificate of no criminal record), a comprehensive CV, business background information, and impeccable references.
The Austrian Citizenship Act usually requires applicants to renounce their current citizenship to obtain Austrian citizenship. However, under the provisions of Article 10 (6) of the Citizenship Act, applicants may retain their former citizenship and not be required to give it up.
The process of obtaining citizenship through capital contribution involves multiple procedures and requires government approval at several levels. Therefore, it is crucial for applicants to receive proper guidance from the outset, ensuring each case is meticulously prepared and securing informal approvals from key ministries before making the investment and beginning the formal application process.
Tisoro Global provides advice on appropriate capital contribution opportunities, coordinates with various
government agencies and ministries, and prepares and submits your application to the government. The
process includes a comprehensive background check. Citizenship documents are issued once the application
has been approved.
The average timeframe for an application is 24–36 months. Successful applicants receive full citizenship
of the Republic of Austria by the decision of the Austrian Government and can apply for a passport
immediately afterward. Passports are issued within a few days.The grant of citizenship is not published
or reported to any other country, as it falls under government provisions relating to privacy or
official secrets.
Granting citizenship is solely at the discretion of the Government of the Republic of Austria, and we cannot guarantee the approval of applications. However, we take great care to ensure the best possible safeguards for individuals entering the application process. Before accepting any mandate, a written agreement is established between the applicant and Tisoro Global, outlining the responsibilities of both parties.
If you have any questions or if you'd like a detailed breakdown of the exact costs for your family, please don't hesitate to contact us. We would be delighted to assist you.
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