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Austria

Citizenship by Exceptional Achievements Program

 
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Austria

Program Overview

An excellent place to gain citizenship within the EU, Austria is one of the few Western European countries that offers the possibility to obtain citizenship by exceptional achievements and a European passport without prior residence requirements. When you acquire citizenship under the Austrian Citizenship Act, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.

 

Austria

Program Details

Time to Residency

12 – 36 Months

Visa-Free Access

191 Countries

Passport Rank

3rd in the world

Minimum Investment

€4,000,000 EUR

Residency Requirements

None

Establishment Date

1985

Austria

Investment Options

Austria offers a citizenship by investment option under Section 10(6) of the Austrian Citizenship Act, targeting individuals who provide extraordinary services to the country. Unlike many other programs, Austria does not have set financial thresholds but instead grants citizenship based on significant contributions in areas like scientific, economic, artistic, or athletic achievements that benefit the Austrian Republic. These contributions must be of national interest, and applicants typically invest in large-scale business ventures, create employment opportunities, or make other substantial contributions to the Austrian economy or culture.

Exceptional Achievements

Austrian Citizenship may be granted to foreigners for exceptional

achievements according to Sec. 10(6) of the Austrian Citizenship Act.

Exceptional achievements can be made in the areas of science, sports, arts

or business (incl. philanthropy). Total cost for a family (incl. spouse

and children up to 18y) is estimated at around EUR 4-5 million.

Austria

Country Overview

Flag

The Austrian flag is one of the oldest national flags in the world. It consists of three horizontal stripes: red, white, and red. The red symbolizes the bloodshed in the country’s defense, while the white represents peace and honesty. The flag’s design dates back to the 12th century, making it a significant part of Austria’s historical identity.

Coat of Arms

Austria’s coat of arms features a black eagle symbolizing Austria’s sovereignty. The eagle holds a sickle and a hammer in its talons, representing agriculture and industry. The broken chains around the eagle’s legs signify Austria’s liberation from fascism after World War II. Atop the eagle’s head is a mural crown, symbolizing Austria as a republic.

Austria stands as an alluring country, with Vienna, its capital, consistently recognized for its exceptional quality of life. The nation’s blend of economic stability, pristine environment, and superb infrastructure creates an outstanding living environment. Austria thrives with a vibrant culture, boasting world-class museums, renowned musical festivals, and stunning architectural wonders. Nature lovers are captivated by its breathtaking landscapes, encompassing snow-capped mountains, verdant countryside, and picturesque lakes.

As one of Europe’s wealthiest nations, Austria boasts a well-developed economy, primarily driven by the service sector, which contributes significantly to its GDP. Furthermore, Austria benefits from robust commercial ties with Central, Eastern, and Southeastern Europe, further fueling its economic growth and prosperity.

It is an excellent place to establish residence within the EU, and it is one of the only EU countries that have an established practice of offering citizenship and a passport to substantial investors without prior residence requirements, on the basis of a capital contribution to the country.

 

Country Capital

Vienna

Population

8.9 million

Language

German, English

Currency

Euro (EUR)

Exchange Rate

1 USD = 0.891 EUR

Government Type

Federal Parliamentary Republic

Austria

Visa Free Travel List

Legend:

Visa-free: No visa is required for entry into the country for a specified period.

Visa on arrival: Visa can be obtained upon arrival at the destination, typically at the airport or border entry.

eVisa: Visa must be applied for and obtained online before traveling.

Visa required: A visa must be obtained from the destination country’s embassy or consulate prior to traveling.

 

Austria

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Estonia

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Hungary

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Italy

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Lithuania

Luxembourg

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Netherlands

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Norway

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Sweden

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