Timframes are approximately up to 18 months. Do you need specialized help to get your Second Passport and Citizenship. Austria Citizenship. Many countries around the world have such a program for various reasons – to bring in foreign investment, boost the realty market, generate employment, and improve the economic conditions. The number of these programs is constantly increasing as more and more countries realize the economic advantages of opening their doors to immigrant investors. CBI or the Citizenship by Investment program allows overseas individuals to buy real estate in a country and get its citizenship and passport. Of course, there are always some formalities, but the Citizenship by Investment Program makes owning two passports quite straightforward and in a matter of a few months the second passport is issued and you can enjoy the rights and freedom of living in two countries. Austria Citizenship by Investment Program. The permit for residence will be granted initially for 1 year after you apply for your Austria citizenship by investment. It’s not a difficult process once you have chosen your preferred country. Our experts have extensive international and local experience and a high success rate in delivering the citizenship grant on time. The same trace happens when making payments using Paypal, Payeer or your international credit card. Citizenship by investment provides a direct route to legally acquiring citizenship via an investment or contribution to the economy of a nation. It is also known as the “golden visa”. The final European program is the Austrian citizenship by investment program, which is the most restrictive of all. We'll show you what this program is all about and what you need to know about the requirements of the program, what to look out for and how to apply for the Citizenship by Investment Austria. Although Austria does not have a formal Citizenship by Investment Program, they can award Austria citizenship to someone who has made an extraordinary contribution to the country. You and your spouse, your dependent children (up to 28 years) and parents and grandparents above the age of 65 (living with you) can also obtain citizenship under one application with additional government fees payable. A substantial investment will provide an investor with the opportunity to obtain Austrian citizenship and an EU passport without prior residency requirements. The following investments qualify for immediate passport, under the Austria Citizenship by Investment Program: donation to Austrian government or direct investments to a project which creates substantial amount of new jobs or generates significant export sales. CBI or the Citizenship by Investment program allows overseas individuals to buy real estate in a country and get its citizenship and passport. You can live, as an Austrian citizen, wherever you want. We have our own offices in all relevant countries and constantly monitor the worldwide situation. Programmes start from a minimum $140,000 including costs. Other European countries such as Malta, Portugal and Spain offer residency through investment in government bonds or real estate. Not only is a huge contribution necessary, either a donation of several million dollars or a minimum investment of €10 million, but the route to citizenship is long, at two to three years. Our experienced consultants can help you get a second passport through investment citizenship programs in the following countries: If you have questions about citizenship by investment programs, do not hesitate to click here to contact our experts. Under the citizenship-by-investment program, “Economic citizenship” offered to foreign nationals who invest a direct business investment of EUR 3 to 10 million in Austria are eligible for “Austrian citizenship” only at the sole discretion of Austrian Government by exception. The cost to obtain an Austrian passport through the citizenship program by investment varies according to type of investment and numbers of dependents. Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. In effect, this type of citizenship allows an individual to become a citizen of a country even if they have never lived there and have no family connections. Full Family Application 10 (6) of the Austrian Citizenship Act states that the government can reward foreign persons with citizenship in the event of extraordinary merit. Austria is also known for its beautiful landscape and countryside with Alpine peaks and spectacular scenery. The idea of potentially giving up yo… During the checkout you can select the type of investment and the number of candidates (with or without their dependents) to Austria citizenship by investment program. Rather like a Patek Philippe watch or a Bugatti Veyron car, an Austrian passport by virtue of its citizenship by investment program is a status symbol. Government processing fees for citizenship-by-investment in Austria are approximately 400,000 Euro per applicant. Citizenship is confidential and is not communicated to other countries. EU Schengen Zone Travel, Belmont House, Belmont Road, Uxbridge, UB8 1HE. Please note however that there is no clearly defined and predictable path to citizenship through the Austrian “programme”. Citizenship by Investment Austria You search for Citizenship by Investment Austria and would like to get more Information about the existing Programs from Austria. Art 10 (6) of the Austrian Citizenship Act (StbG) stipulates that Austrian citizenship may be granted if the federal government confirms that the granting of citizenship to the applicant is in the interest of the Republic of Austria due to his/her extraordinary past or prospective achievements. Residence-by-Investment Overview. Cons It is a difficult, unclear path to Austrian citizenship. That is why it is of great importance to get a professional advice at the very beginning, before the main procedure is started. CBI or the Citizenship by Investment program allows overseas individuals to buy real estate in a country and get How to Get Citizenship by Investment for Austria? Status of a citizen is assigned to the investor and his family members after 4 years of legal residence in Australia. Investments in government bonds or real estates do not qualify. This process may take various forms, including economic ones and can include capital contribution or other economic benefit brought to Austria. The amount of these fees depends on the size of the families who will submit an application. When you acquire citizenship under the Austria Citizenship by Investment Program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent. Austria is the land that gave us Beethoven, Schubert, Mozart, Straus, Fritz Lang, Sigmund Freud, Hedy Lamar, Maria Von Trapp, Joy Adamson, Falco, Arnold Schwarzenegger, Thomas Muster and Christoph Waltz, to name just a few of its favorite sons and daughters. The citizenship acquired under the Austria Citizenship by Investment program is fully recognized by the Government of Austria. As part of the Citizenship by investment program, there is a four-tier due diligence process carried out directly by the government to assess candidates comprehensively. Many countries around the world have such a program for various reasons – to bring in foreign investment, boost the realty market, generate employment, and improve the economic conditions. British Overseas Territory, From €500,000 + costs The Act is an initiative by government to attract new businesses to stimulate the economy and create new employment opportunities. Although the Austrian government does not receive a direct payment in Bitcoin, our authorized agents can receive crypto payment, subsequently converting the funds into fiduciary money to be remitted to the Austrian government and ensure its application in the Austria citizenship by investment program. The program’s rules are vague, and in addition to the large contribution (around €10 million), you need to secure the patronage of a high-ranking local politician who will petition for you before the government. The Austria citizenship by investment application process is extremely efficient, and the government of Austria is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. Austria is an outstanding place to take up residence. After payment of the invoice, one of our specialists will contact you informing your access data to the GTOS Viking Platform and requesting the following documents to represent the candidate with the Austrian government: Certified Copy of Marriage Certificate (if applicable). Austria Citizenship by Investment. Visa Free Travel This may take various forms, including economic ones, and can include investment or other economic benefit brought to Austria. Under the citizenship-by-investment provisions, an applicant is required to invest actively in the Austrian economy, for example in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales. European Residency It is also known as the “golden visa”. Austria is a highly respected EU member state, and as an Austrian citizen you will be free to live and work in any country in the European Economic Area (EEA) and Switzerland, as well as visa free travel to the United States and Canada. And that’s if you are accepted. The processing time of your registration in this citizenship by investment program varies from 3-7 months, at the end of the process you will receive the citizenship and passport of Austria. Applicants must have a clean criminal record, and the local government conducts extensive criminal checks with INTERPOL, the International Criminal Court, and various other sources and authorities. Its history is as long and proud as that of any other nation in Europe. Potential applicants are advised to contact us for individual advice if they are considering this option in Europe. In case of an acquisition of the Austrian citizenship by award the general requirements for naturalization must be fulfilled and an application must be filed. A selection of residency and citizenship investment programmes. Significant direct investment is generally required. The Austrian Citizenship by Investment program, is based on Art 10 (6) – a constitutional regulation – of the Austrian Citizenship Act of 1985 which grants citizenship to a foreigner for extraordinary achievements. This is one of the best options to protect your privacy and financial assets. South Korea’s Q4 GDP beats expectations, poised for strong 2021 rebound Procedure and Timeframes. 10 (6) of the Austrian Citizenship Act states that the government can reward foreign persons with citizenship in the event of extraordinary merit. For a high net worth investor hailing from a restrictive country in Asia, Africa or the Middle East, Austria will seem like a dream come true. In Austria, Art. Citizenship by Investment essentially means that a person can apply for citizenship without having to show a prior connection with a nation. Citizens of Austria need to pay taxes of up to 55% on the income, but if the investor decides not to relocate to Austria, the investor will not be subject to the nation’s income tax. These funds should be invested in venture capital or innovative business (es) within an industry that is given priority … Key advantages of Citizenship-by-Investment in Austria. Naturalized citizens must renounce previous citizenship as Austria does not allow dual citizenship. Austrian citizenship can be acquired after 10 years of legally living in Austria. It is renewable easily without problems. Austria is a Hub between west and east, a pillar of the EU for companies in Eastern Europe, the headquarters of Eastern Europe for companies Austrian citizenship by investment: procedure. Austria has a provision in citizenship law to grant exceptional citizenship in the state for arts, sports, culture, research and economic activity Although the procedure for obtaining citizenship by investment program is relatively simple, it is a very delicate process that requires a meticulous level of focus on the details and structuring of investment. Unlike these countries, in Austria, you won’t find a golden visa program when you make only a passive investment. The Austria Citizenship by Investment Program granting citizenship to highly qualified foreign investors, who bring wealth, talent and highly qualified skills to Austria. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. Unfortunately there is currently no Citizenship by Investment Austria. Citizenship It should also create jobs. Eligibility Requirements of Austrian citizenship by Investment If the investment is being directly injected into a business, the required amount is € 10 million. It could also be a donation to a relevant public project. As a citizen of Austria, successful applicants will not be required to pay tax on any income generated from outside of the country. Obtaining Austrian citizenship bears no tax consequences unless Austria becomes a place of your main residence. Such an investment must be significant, contribute to the economy and create jobs. 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