According to the provisions of citizenship by investment, the applicant must actively invest in the Austrian economy, for example, invest in a joint venture or invest in a company that creates working places or generates new export sales. Significant direct investment is often required. Government bonds, such as real estate, are not investable.
In addition to the standard requirements (i.e. passport, birth, marriage certificates), everyone should provide a perfectly clean personal record, a complete CV, business background information, and valid references.
Austrian citizenship law generally requires the applicant to renounce his or her current citizenship as a condition for obtaining citizenship in Austria. However, in the case of granting citizenship under the provisions of Section 10 (6) of the Citizenship Act, previous citizenship may be legally retained, i.e., the applicant may not be required to renounce his current citizenship.
Eligible investments usually range from € 2,5 million to € 10 million. They can take the form of a joint venture, direct investment in an active business that makes jobs important, or introduces science and research or new technologies in Austria. It can also be a community donation to a community project.
Besides, a foreign citizen should have a significant impact on the company’s high economic performance and international reputation.
Citizenship applications can include spouses and children under 18 years of age.