The Austria citizenship by Investment programme has gained prominence in recent years. Austria is located in the heart of Europe and is laced with snow-capped mountains and pristine valleys. From the world-famous city of Vienna to the stunning scenery of the Alps, Austria has something for everyone. Therefore, Austria is an attractive destination for citizenship due to its stable economy, high standard of living, and central location in Europe. Through the Austria citizenship by investment programme, investors can obtain Austrian citizenship in exchange for making a significant economic contribution to the country. Primarily, Endevio can assist you through applying for Austria Citizenship by Investment.
Benefits of Austria Citizenship by Investment
Austria’s citizenship by investment programme is one of the most competitive in Europe. It provides investors several benefits, including:
- The right to live and work in Austria and the European Union
- Access to Austrian healthcare and educational institutions
- Austrian passports are highly respected worldwide and provide holders with a high level of mobility and freedom
- Visa-free access to 192 countries with the Austrian passport
Austrian citizenship is, therefore, a valuable asset that can open up many doors, both in Austria and around the world.
Documentation and Financial Requirements for Austria CBI
Apart from primary documentary requirements such as passports, birth and marriage certificates, the applicant for Austria citizenship by investment must also submit the following documents:
- A comprehensive Curriculum Vitae (CV)
- Medical certificate
- Police clearance certificate
- Professional reference letters
- Proof of educational attainment
- Proof of business background
- Proof of certified business investment
- Proof of source of funds
- Bank reference letter
- Copy of business license
Unlike other citizenship by investment programmes that require passive investments in government bonds or real estate, the Austria citizenship by investment programme requires investors to invest in the Austrian economy actively. Notably, the amount of investment is not exact as the required significant investment can be in joint ventures or direct investments in businesses creating jobs or generating new export sales. It should be noted that under the Austrian Citizenship Act, dual citizenship is not recognised in Austria. Therefore, to acquire Austrian citizenship, one must renounce and abandon their current citizenship (s).
Timeframe for Austria Citizenship by Investment
Applications for Austria citizenship by investment undergo multiple levels of government review, with final approval solely determined by the Austrian Government. While the processing timeframe varies depending on the case, approvals typically take between 24 to 36 months. Upon approval, successful applicants will receive a certificate of Austrian citizenship, allowing them to obtain an Austrian passport.
