Austria Profile | Legal Background | Program Details | Program Advantages

 


Austria Profile:

Austria_SymbolSovereignty: Austria is a semi-presidential, parliamentary representative democracy comprising nine federal states.

Location: Austria is a federal republic and a landlocked country in Central Europe. It is bordered by the Czech Republic  and  Germany to the north, Hungary  and Slovakia to the east, Slovenia and Italy to the south, and  Switzerland and Liechtenstein to the west.

Government Type: Federal Republic, Parliamentary Democracy. 

Interesting Facts: landlocked; strategic location at the crossroads of central Europe with many easily traversable Alpine passes and valleys. The oldest zoo in the world, founded in 1752, is located in Vienna. Krimml Waterfalls are the highest waterfalls in Europe with a height of 380 meters.

Population: A population of 8,219,743 and a land area of 83,855 km².

Demographics:  Ethnic groups Austrians 91.1%, former Yugoslavs 4%m Turks 1.6%, German 0.9%, other 2.4%. Religion Roman Catholic 73.6%, Protestant 4.7%, Muslim 4.2%, other 3.5%, non-denominational 12%.

Economy:  Austria is one of the 12 richest countries in the world in terms of GDP (Gross domestic product) per capita, has a well-developed social market economy, and a high standard of living. Austria has a strong economy with machinery, metallurgical products and textiles being of particular importance. Next to a highly developed industry, international tourism is the most important part of the national economy.


Legal Background:

Flag_AustriaThe main provisions regarding residence for foreign individuals are set out in the Domiciliation and Residence Act (Niederlassungs- und Aufenthaltsgesetz, NAG).


Program Details: 

Under the citizenship-by-investment program, “Austrian citizenship” offered to foreign nationals who invest..

Option 1-  A minimum of at least EUR 2 million in Austria economy (donation to charity)

OR

Option 2-  A recoverable minimum investment of US$ 10 million+ in economy of Austria are eligible for “Austrian citizenship”.


Program Advantages:

  • Neutral country in Europe
  • Access to all schengen countries including Switzerland
  • No prior residence requirements.
  • Visa free travel to over 180 countries.
  • Citizenship for your family members.
  • Clean and world class living conditions in an ‘aesthetically’ beautiful country
  • Under the provisions of 10(6) of Citizenship Act, allows citizenship to be maintained without the need to abandon/give up his current citizenship.