Australia's immigration system operates on objectivity and merit, ensuring predictable outcomes. Permanent residents are required to reside in the country for a minimum of two years within a five-year period or demonstrate substantial ties to Australia to uphold their residency status (also referred to as the Australia golden visa).
Investment
Substantial economic contribution to Austria
Processing time
The timeframe varies for each application but
generally falls between 24 to 36 months.
Key benefit
Freedom of travel to around 190 destinations, including Canada, Hong Kong, the European Union, and the Schengen Area in Europe, with visa-free or visa-on-arrival access.
With an Austrian residence permit, you can travel visa-free to all Schengen Area countries in Europe. Initially valid for one year, the permit can be smoothly renewed without any interruptions. After residing legally for 10 years (or in specific cases, six years), you become eligible to apply for Austrian citizenship.
Only a limited number of applicants will be accepted each year, as the program maintains a stringent annual quota of approximately 300 individuals. To qualify for residency under the Austria Private Residence Program, applicants must meet all of the following criteria:
Additionally, applicants must:
During the application process, applicants must personally deliver mandatory documentation to the Austrian consular or diplomatic representation in their current country of residence. Given the strict quota constraints for certain residence permits, timing of the application submission is crucial. Once the permit is granted, the applicant must obtain a special visa at the Austrian embassy, enabling them to travel to Austria and collect the residence permit from the relevant authority.
There is a minimum processing period of one month, but applications typically take three months to be approved. Upon issuance, the residence permit must be retrieved in person from the issuing authority in Austria. Furthermore, all non-EU and non-EFTA citizens planning to reside in Austria for over 24 months must sign an integration agreement. Residence and settlement permits are issued in card format and are renewable annually.
If you have any inquiries or would appreciate a comprehensive breakdown of the specific costs for your family, please don't hesitate to reach out to us. We would be more than happy to assist you.
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