Pre-immigration tax planning is required before establishing permanent residency in Austria, but interesting opportunities exist for wealthy families. Through this specific residency permit, individuals may become a resident in Austria along with their spouse and children under eighteen, with a route to permanent residency after five years. Certificate of Permanent Residence for Persons of Independent Means. Self-Funded Visa. A residence permit is initially issued for one year and can then be renewed without problems or interruptions. Residence permit issued for a year – With a successful application, your residency permit will initially be annually. We have a Compliance Anti Money Laundering Officer certified by an international association. Persons of independent means aspiring to obtain residence permits in Austria are subject to the annual quota. We will inspect the properties of your choice. 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The Austrian residence program offers persons of independent means the easy opportunity to take residence in Austria if the applicant can prove that he is in possession of sufficient assets. If you plan on staying in Austria for a period that exceeds 6 months and do not benefit from visa exemption policies you must apply for a residence permit. www.worc.ky. What are the basic requirements? As licensed agent of immigration investment programmes of EU countries and countries of Caribbean region, we can offer range of other options. Some persons are entitled to Austrian citizenship by a simpler process than naturalization. If during the verification process there are questions that could affect the outcome of the application, we will recommend alternative programs. Third-country nationals are individuals who are neither EEA- nor Swiss citizens. For stays up to six months third country nationals do not need a residence permit. Vanuatu. We try to consider all requirements of our clients and families to minimize the unexpected occurrences. After ten years of residency, you may apply for Austrian citizenship; There is no investment required for this residency permit. 5. Health insurance providing full cover for each family member in Austria. All rights reserved. Persons of independent means aspiring to obtain residence permits in Austria are subject to the annual quota. This permit includes free access to the labour market. The papers will be reviewed for up to three months (typically, within the period of four to six weeks). NOTES: "M" means multiple times. Immigrant Invest is international consulting company which possesses sound experience in the field of residence in Austria. Opportunity to establish residence as a person of independent means; Austrian residence permit gives visa-free access to all Schengen States; There is no need to spend any particular time actually residing in Austria; Citizenship may be available after 10 years of residence General Information on Residence in Austria – EU Citizens, Other EEA Citizens and Swiss People Documentation and Proof of Identity – EU Citizens, Other EEA Citizens and Swiss People German text Checklist for EU Citizens, Other EEA Citizens and Swiss People for Working and Living in Austria German text It is mandatory to procure user consent prior to running these cookies on your website. Our long-term cooperation with range of austrian attorneys allows us to make your first residence permit extension free of charge. Applicants must be of independent means and without need of employment: this is because this residency permit does not confer any right to work in Austria, including running your own business Austria, one of Europe's wealthiest countries and one of the most attractive and well-developed countries in the world to live in, makes for an outstanding place of residence. Stamp number 1: Issued to a non-EEA national who has received an employment permit, a business permission or a working holiday authorisation. Person of independent means visa (Rentista) If you have a permanent passive income or a pension and you want to settle in Peru, you may apply for a Rentista visa (person of independent means). Entitlement to grant of Austrian citizenship. Family Reunification. After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship. If they intend to reside or settle in Austria for a period of more than six months they require a residence title (permission to stay for more than six months) corresponding to their residence purpose. Can anybody tell me * required documents * required funds any other special requirements etc. We cannot deliver a 100% guarantee that you will obtain your residence permit, but we will do everything we can to ensure that your odds are no less than 97%. For family members of resident permit holders who seek to reside in Austria for more than 6 months. Czech Republic – Residency Through Business, Irish Immigration Changes To Accommodate Skilled Workers, Cyprus’ Innovative Businesses Thrive Under New Schemes, UK Tech Sector Receives Visa And Funding …, Brits Seek Cypriot Citizenship As Brexit Rumbles …, Cyprus Economy Booming Thanks To Visa Investment …, Brexit and visas: how might reforms affect …, With an Austrian residency permit, you may visit Schengen states without the need of a visa, Applicants may move to Austria with their spouse and children under eighteen, After five years, permanent residency can be applied for which allows you to reside in any EU country, After ten years of residency, you may apply for Austrian citizenship. 2. To qualify for a Certificate of Permanent Residence for Persons of Independent Means a person must be able to demonstrate that he has invested CI$2,000,000(US$2,400,000) in developed real estate in the Cayman Islands. Austria offers many ways to obtain a residency permit. IF A QUESTION DOES NOT APPLY TO YOU, INSERT “NOT APPLICABLE” OR “N/A” IN THE SPACE PROVIDED. An applicant must be of independent means – meaning they do not need a workplace in Austria; Funds must be shown in an Austrian or major international bank: this is €24,000 for a single applicant, €30,000 for a family of three and €35,000 for a family of four (we can provide the amounts for other family sizes) We do not leave our customers to deal with their issues and problems on their own and are always ready to help. We will meet you once you arrive, assist with accommodation and provide the necessary documents. Residence in Austria. Persons residing outside of Austria must apply at the Austrian mission or consulate in their country of residence. Proof of sufficient financial means for the period of stay in Austria. Once you submit an online application form or call us, we will provide you with full information about residence permit for financially independent person in Austria as well as the required documents. We cooperate the best austrian attorneys in all regions of Austria, we use our cooperation experience and knowledge to ensure that our clients’ applications will fall under the quota. Necessary cookies are absolutely essential for the website to function properly. Austria is one of the most thriving nations of the world to live in. is not enough to show a capital sum of several hundred thousand pounds and say it will produce £25,000 a year in interest A better standard of living for your family, We always exceed our clients’ expectations, Your comfort is our priority – we will ensure you feel settled and at home. You will get overall professional assistance before the application for the residence as well as after your relocation to Austria. WORC/RPI DEC (2020/09) AF42. The residency scheme of Austria for financially independent applicants is not a … Austrian residence permit for financially independent persons (without the right to work), Austrian Residence Permit by Establishing a Business: He Who Doesn’t Risk …. Once a positive decision on your case is made, we will accompany you to submit your biometric data and obtain your residence permits. Compare available temporary and permanent residency programs worldwide for entrepreneurs, investors, retirees and persons of independent means. If you have any questions, you can just call us and get an answer. Third country nationals, i.e. I in. EU Citizens, Other EEA Citizens and Swiss People German text. Application acceptance begins on 15 February 2021. For persons of independent means, Austria offers the opportunity to become resident of the European Union with minimal requirements (sufficient funds, accommodation in Austria, health insurance). Many agencies are trying to charge more for this service. Key Advantages of Austria. This means that every year the Austrian Government announces a ‘quota’, a limited number of such residence permits to be issued. We will accompany you for registering your address at a local magistrate. Any type of residence permit is issued in accordance with the Austrian temporary and permanent residence law (NAG – Niederlassungs- und Aufenthaltsgesetz). A clean and safe environment, an excellent infrastructure and an ideal combination of economic stability make Austria an outstanding place of residence. We never give up and neither should you. During the meeting, we will elaborate step-by-step procedure for obtaining residence permit taking into account your personal issues and family situation. Immigrant Invest provides full support – from the preparation of documents to the application for a residence permit in Austria. Certificate of Permanent Residence for Persons of Independent Means (Section 34A Certificate) The applicant and their spouse (where applicable) must have a clean criminal record, be in good health, must satisfy the prescribed investment requirements and demonstrate that their financial resources are sufficient adequately to maintain themselves and their dependants. All visas and residence permits issued by Austria is valid for free movement in schengen countries and other EU member states. You will have access to the most comprehensive and updated database of residential and commercial properties in Austria. In the event of a failure, austrian attorney we will carefully examine its causes and offer an alternative solution or challenge the refusal. The Austrian residency for financially independent persons program is one of the most accessible immigration schemes to get the right to live in the beautiful and rich Central-European country. ... Non-lucrative residence visa. Prior to your arrival in Austria, we will prepare the necessary documents for your residence permit application. Temporary residency. This is issued to foreigners who have had the right to stay in Austria for the last 5 years. Our clients’ results within the last 5 years. This website uses cookies to improve your experience while you navigate through the website. One of them is participating in the program for financial independent applicants. 1. Austria does not have golden visa scheme like Greece or Portugal, currently residency only possible investing in businesses and creating jobs. We will develop an individual solution, select the country and status, who will solve your problems, we will accompany the whole process. Want to get an individual solution for your family? Once you decide on the residence permit in Austria, we will negotiate the details and sign the contract. There is no investment required for this residency permit. Opportunity to establish residence as a person of independent means; Visa-free access to all Europe’s Schengen Area states This permit is for retired persons in Austria or financially independent individuals. We cooperate with experienced Austrian lawyers in all regions of Austria, know the peculiarities of bureaucratic procedures and support in any questions of relocation and settlement of your family in Austria. Citizenship – After ten years, you may apply to become an Austrian citizen. Applications for this visa have a yearly quota which fills up quickly due to popularity. CERTIFICATE OF PERMANENT RESIDENCE FOR PERSONS OF INDEPENDENT MEANS. But opting out of some of these cookies may affect your browsing experience. Residence for financially independent person governed by provision of Article 44 of the aforementioned law. We are currently advising several clients on applications for permission to reside in the State as retired persons of independent means. Option 2: Certificate of Permanent Residence for Persons of Independent Means This Certificate provides the holder (and any qualifying dependants) with a lifetime grant to reside in the Cayman Islands without the right to work. Persons residing in Austria must apply to the Federal police in the larger cities or any mayor's office in the rural areas. Second permit renewal – Within the first two years of residency, applicants who do not hold a Bachelor’s or Master’s degree will need to demonstrate a A1 level of German language skills at this point (this excludes children under 14 years of age.). Applicants must be of independent means and without need of employment: this is because this residency permit does not confer any right to work in Austria, including running your own business Funds must be shown in an international bank account, which are tiered according to the number of family members – and we can provide you with further details This program provides a direct path to permanent residency in Austria for those who are able to live there without the need of employment – with no investment required. We cooperate with more than twenty major Austrian real estate agencies. 4. You can read about it on the following pages. These cookies will be stored in your browser only with your consent. Residence Permit in Austria: How to Receive the Status in 10 days? Residence in Austria. The documents are reviewed within three months (typically, within up to four weeks). AUSTRIA - Residence for Persons of Independent Means. 10. retired person of independent means. 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