Established in 1985, Austria’s Citizenship by Investment Program is highly selective, and according to Article 10(6) of the Austrian Citizenship Act, the Federal Government will only award citizenship to those individuals who demonstrate, or are expected to demonstrate, remarkable achievement, which could be economic in nature.
Austria is a great place to live, boasting a highly industrialized economy with exports and tourism contributing significantly to the nation’s GDP. It’s an ideal spot for wealthy families to invest and start a new life.
- Exclusive Citizenship by Investment programme
- No legally prescribed minimum investment amount
- Application processing time: two – three years
QUALIFYING INVESTMENT: No definite sum is legally required for investment, and each instance is considered separately. Generally, the investment needed to qualify is usually between €800,000 and €10 million.
Austria’s Citizenship by Investment Program ranked 10th in the Citizenship By Investment Index, 2023, by the CEOWORLD magazine.
Austria’s CBI program is top-rated due to its high quality of life, excellent healthcare, and education, and reliable economic and political stability.
It can take two to three years for an individual to complete Austria’s process for applying for citizenship by investment. This includes submitting their application in person (unless they aren’t legally competent to act), communicating with government personnel, and if they reside outside Austria, traveling to the nearest Austrian diplomatic or consular office to swear allegiance.
Although Austria generally disallows dual nationality, applicants under Article 10(6) can retain their original citizenship. The programme has operated intermittently, and only rarely are aspiring applicants successful. Passive investments in government bonds or real estate, for example, don’t qualify.
Having Austrian citizenship grants the privilege of being able to reside and labor in any member state of the European Economic Area (EEA) plus Switzerland, in addition to a straightforward process for visiting the US and Canada.
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