The Start Up Blog

Austrian Residency for Private Purposes

A yearly window of opportunity for you to become a permanent EU resident

With the beginning of 2013, we will be bringing you information about a range of European and US immigration programs and opportunities which we hope you will find interesting.

The first is an Austrian program, which provides a direct path to permanent residency for those who are able to live there without the need of employment – with no investment required.

Why Choose Austria?

As one of the European continent’s richest countries, Austria sits in a prime geographical position between Switzerland, Germany, Slovenia, Italy, Hungary and Lichtenstein.

Covering an area of nearly 84,000 km, it provides a stretch of stunning mountainous scenery and modern cityscape, most notably its capital Vienna, which is nestled between the Alps and has a population of around two million.

Along with enjoying the invigorating alpine air, you can also take advantage of the benefits which come alongside Austria’s maintenance of a well-developed, stable economy and enviable infrastructure.

Austrian Residency for Private Purposes

If you are a non-EU resident without the need of employment, and would like to reside there with your family, this is an option for you to seriously consider. Through this specific residency permit, individuals may become a resident in Austria along with their spouse and children under eighteen, with a route to permanent residency after five years.

What are the benefits of this program?

  • With an Austrian residency permit, you may visit Schengen states without the need of a visa
  • Applicants may move to Austria with their spouse and children under eighteen
  •  After five years, permanent residency can be applied for which allows you to reside in any EU country
  • After ten years of residency, you may apply for Austrian citizenship
  • There is no investment required for this residency permit.

What are the basic requirements?

  • Applicants must be of independent means and without need of employment: this is because this residency permit does not confer any right to work in Austria, including running your own business
  • Funds must be shown in an international bank account, which are tiered according to the number of family members – and we can provide you with further details
  • Permanent accommodation in Austria
  • A University Degree – If an applicant does not hold a degree or equivalent qualification they must demonstrate a basic level of German language skills
  • Reside in Austria for at least 183 days per year
  • Health insurance providing full cover for each family member in Austria

What are the Steps?

1.     Submit your application – Applications are subject to an annual quota: although we attempt to prepare applications for submission by January of each year to ensure that an applicant secures their place, there may still be vacancies available, and it is always worth preparing documentation for the following year as early as possible.

2.     Residence permit issued for a year – With a successful application, your residency permit will initially be issued for a year and can then be renewed annually

3.     Second permit renewal – By the second permit renewal, within the first two years of residency, applicants who do not fulfil the requirement to hold a Bachelor’s or Master’s degree will need to demonstrate a B1 level of German language skills at this point (this excludes children under 14 years of age.)

4.     Permanent Residency – After five years of residence, you may apply for permanent residency. Those who do not hold a degree will at this point need to demonstrate German language level at B2.

5.     Citizenship – After ten years, you may apply to become an Austrian citizen.

A Window of Opportunity

Although this is a popular program, we are still early in the year and so it is not too late to prepare and submit your application for the Austrian residency program, with a chance of remaining within the quota.

If this sounds like it could be of interest to you, please contact us as soon as possible at [email protected]. 

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1 Comment

Celestina Tanen 30-01-2013, 14:11

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