Austria’s citizenship-by-investment arrangements require the applicant to substantially invest in the country’s economy. This must be a joint or individual direct investment into a business which must be actively creating new jobs or increasing exports. Investments in bonds, real estate or other forms of passive investment are unlikely to qualify.
Additionally, an applicant must have no criminal record and this must be supported with documentation. Alongside this, a business CV, background business and personal information and references must be supplied.
Although children under the age of 18 can be included in the application, children over 18 cannot and there are no exceptions to this rule. However, they can prepare and submit their application which may be included in the overall financial contribution. It should be noted that the minimum contribution is likely to be increased in this case.
Recently Austria abolished the requirement that applicants should speak German. Since 2006 this is no longer required for the main applicant, however, dependents must be able to speak basic German to qualify.
The process of gaining citizenship through the contribution of capital is complex and requires approval at several levels including, at the final stage, the cabinet. Any applicant must get professional advice from the start of the process so that their case can be carefully prepared and submitted under the current regulations. It is useful to obtain an informal approval before starting the formal process.