Deal Done 21 | Citizenship | Skilled Immigration | Business Immigration
CITIZENSHIP BY INVESTMENT
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Austria
Citizenship by investment
Type of program
Citizenship
Processing period
14 months or 3 years
Mandatory visits or residence in the country
—
Visiting the country for giving biometrics
Yes
Travel
Number of visa-free countries accessible
183
Visa-free access to the Schengen area
Yes
Visa-free access to the United States
Yes
Visa-free access to the UK
Yes
Visa-free access to
Australia —
Advantages
Family members
Spouse
Children under 29
Parents and grandparents over 55
Addition of new family members
—
Transfer by inheritance
Yes
Right of permanent residence, study and work in the EU
Yes
Recognition of second citizenship by the state
Yes
Finance
Investment
Minimum €690,000
Investment options
The following 3 conditions must be met:
1. Non-refundable contribution to the National Development Fund of €600,000 to €750,000 when applying for citizenship in 1 to 3 years.
2. Charitable contribution: €10,000.
3. Minimum rental / purchase cost of real estate: €16,000 / €700,000.
Cost for 1 person
Minimum €748 000
Cost for 4 people (spouse, child 11 years old, child 19 years old)
Minimum €927 000
Minimum investment period
5 years
Investment not refundable
5 years
Conditions for obtaining tax residency
Spend more than 183 days a year in the country
Financing options
—
Documents
Type of documents
Passport and certificate of citizenship
Validity period of documents
10 years or 5 years
for persons under 18 years old
Features
The investment amount consists of 3 mandatory payments: contributions to the fund are not refundable. After 5 years of citizenship, the investor can recoup the initial investment made in real estate.
Detailed Due Diligence.