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Austria

Citizenship for extraordinary merit

Under the Art 10. (6) of the Austrian Citizenship Act, Austrian Government may grant citizenship to foreign nationals in the case of extraordinary merit on a case-by-case basis. Aimed at high net-worth individuals who are willing to make investments that bring economic benefit to the country. Such as an active business providing technology innovation, creating new jobs or contributing to the country's foreign trade, or a donation to a relevant public project.
The investment per se does not guarantee obtaining the citizenship, and the grant is at the sole discretion of the Government.

investment


Active Business Investment or Public Project Donation

To qualify, the investment should be in an active business or a donation to a public project, contributing significantly to the country's economy. Therefore, passive investments such as Government bonds, financial instruments or real estate do not qualify.

Qualifying investments usually amount from EUR 800,000 to EUR 10 million. In the form of a joint venture, direct investment in an active business that creates jobs significantly or bring in science and research or innovation technologies to Austria, or a donation to a relevant public project.

Furthermore, the foreign national must have a significant influence over an entity with a strong economic performance and international reputation.

Spouse and children up to 18 years old can be included in the citizenship application. Children above 18 years old would require filing a separate application.

Requirements


- Solid Financial and Business Background.
- CV including excellent references.
- Approved investment and business by the Government.

Restricted Nationalities


No nationality is officially restricted

dual citizenship


Austria’s Citizenship Act does not recognize dual citizenship. However, an individual who has been granted as Austrian citizen under the provision of Art.10 (6) of the Citizenship Act, may not be required to renounce his or her previous citizenship.


Documents Required


  • Original Professional Reference Letter (Not older than 6 month)
  • Certified copy of ID Card
  • Certified copy of passport
  • Medical Certificate
  • Original Police Clearance Certificate
  • University diploma
  • Photograph and Signature Certificate
  • Original Bank Reference Letter (Not older than 6 month)
  • Six passport-size photos
  • Documents certifying Business Investment
  • Original or Certified copy of Birth Certificate (if applicable)
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Statement of Source of Funds
  • Evidence of Business Background
  • Certified copy of Business License or Incorporation documents
  • Curriculum Vitae
  • dual citizenship No
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required Yes
  • Language skills required No
  • Interview required Yes
  • Investment Single €800,000
  • Investment Family 4 €800,000
  • Minimum annual income -
  • Time to citizenship 12
  • Time to permanent residency 3
  • Visa-free countries 173
  • Financing available No

Fees

total fees main applicant €50,000 + 0.5% Investment/Donation (Approx)
total fees spouse up to €19,000 (including all dependents)
total fees dependent -18 up to €19,000 (including all dependents)
total fees dependent 18-25 up to €19,000 (including all dependents)
total fees dependent +65 up to €19,000 (including all dependents)

Country details

Austria
EUR
43
Vienna
Europe
Austro-Bavarian German
8205000
The Republic of Austria (in German, Republik Österreich), is a landlocked Central European state, traversed by the river Danube. It is a member of the European Union and it has a population of 8.5 million people. Austria borders with the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. Its capital is Vienna, its official language is German and its official currency is the Euro (EUR).
Austria has one of the highest per capita incomes worldwide. The country also has one of the highest Human Development Index rates, with a high standard of living and a quality health and education system.

Visa Free Travel

With your new passport from Austria you'll be able to access 173 countries visa free
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Taxes

Becoming an Austrian citizen, does not automatically mean to be a tax resident. To be a tax resident, an individual must be domiciled or spend more than 6 months within the country in a tax year. Tax residents are subject to tax on their worldwide income, while non-residents are subject to tax on their Austrian-source income.

Personal Income tax rates are progressive up to 55%. Dividends, interests and capital gains are usually taxed separately at a 27.5% tax rate. Gains from real estate are taxed at 30%.

Austria does not have Controlled Foreign Companies Rules. This means that income retained on in a foreign entity owned by a tax-resident may not be subject to taxation.

The Standard Value-added tax rate is 20%. Certain goods and services are taxed at reduced rates of 10% and 13%.

There is a real property tax up to 0.2% but may be increased by municipalities up to 1%.

Transfer of real estate are subject to acquisition tax from 0.5% to 3%, depending on the value of the property.

There are no inheritance and net wealth taxes. There is a stamp duty for certain transactions such as lease agreements, bill of exchange and assignment of receivables.

Regarding Corporate Taxes, companies incorporated in Austria are subject to Corporate Income tax on their worldwide income, at a 25% tax rate. Learn more about Austrian Corporate Tax regime, legal framework and tax treaties at incorporations.io/Austria.

This should not be construed as tax advice. Flag Theory | Passports.IO has access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax No
  • Net worth tax No
  • CFC law No
  • Tax residency days 183
  • Personal income tax rate 55%
  • Capital Gains tax rate 30%
  • Investment income tax rate 27.5%
  • Territorial taxation No

Procedures

Flag Theory | Passports.IO and our immigration lawyer in Austria will conduct a due diligence check on you to ensure that you are eligible, meet the criteria and advise you on qualifying business investments and public projects donations.

We will guide you through each step of the process to ensure that process is as fast, efficient and pain free as possible, and your application is successfully approved.

The application procedure may be quite complicated and the paperwork involved is significant. Investment must be approved by the relevant Ministries prior citizenship application. The whole process may take from 12 to 36 months.

For further information on Austria’s citizenship by investment and detailed procedures, contact us for a free private consultation.

Consultation

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