Austria covers an area of 83,878 square kilometres with a population of 8,822,267 residents (as of 1 January 2018), including 1,395,880 foreign citizens (15.8% of total population). In 2017, an average of 1,970 million people with migration background lived in Austria, that is 22.8% of the entire population.Vienna is Austria’s most densely populated province with 4,500 residents per square kilometre; Tyrol and Carinthia are the least densely populated provinces with 59 inhabitants per square kilometre. The average life expectancy is for woman 83.9 years and for man 79.3 years.Third-country citizens can apply for a Red-White-Red Card for self-employed key workers, if their self-employed occupation in Austria creates macroeconomic benefit going beyond its own operational benefit.Key positions may be filled by self-employed citizens of non-EU countries when this employment is of significant benefit to either a specific region or the wider economy. In particular, when the employment:
Benefits
Visa-free or visa-on-arrival access to 122 destinations including Europe’s Schengen Area, Russia, and Turkey
Citizenship in a country that is an official EU candidate country
Citizenship in a multinational and multilingual European community that enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living
Fast track process
Low investment requirements
Family can be accompanied
Dependents have access to labor market
Settlement for citizenship
Can freely travel to whole EU countries
No language barrier
Mandatory Requirements
- Minimum investment: 100k Euro
- Company Setup
- Business plan
- No language requirement
- Create 2 -3 job through business
- Previous work experience required but not necessarily business experience
- Bank Statement: 30 to 40 Euro to cover up 2 years living expenses.
- Valid travel document (e.g. passport)
- Birth certificate or similar document acknowledged by the Austrian authorities
- Photo (dimensions: 45x35mm) not older than six months
- Evidence of locally customary accommodation (e.g. lease contracts, preliminary agreement on tenancy rights or ownership evidence)
- Evidence of health insurance covering all risks (compulsory health insurance or equivalent insurance policy)
- Evidence of adequate means of subsistence (payslips, pay certificates, employment contracts, insurance benefit certificates, evidence of retirement or other pension or insurance benefits, investment capital or sufficient own assets)
