Austria

Austria is a Central European country known for its historical architecture, cultural riches and high living standards. Regarding citizenship by investment, Austria does not have a direct “Citizenship by Investment” program. Instead, Austria has the ability to grant citizenship to high-net-worth individuals and families under certain conditions, but this requires a large-scale investment and a special case. These special cases require that the investment makes a significant contribution to Austria’s economic, sports, scientific or cultural interests. There is no precise definition of what this type of contribution is and it is evaluated based on the applicant’s particular situation.

In order to obtain citizenship by investment, the investor is expected to engage in economic activities in the country as well as meet other citizenship requirements such as language proficiency and integration. The advantages of Austrian citizenship include visa-free travel in the Schengen area and the right to live and work in European Union member states.

The investment amount for the application varies between €3,000,000 – €8,000,000. The application is personal and is made in the sector that Austria gives priority to.