Residence Permit in Austria for Financially Independent Persons

Austria is one of the most stable and prosperous countries in the European Union, offering a very high standard of living.

Austria provides a unique opportunity to obtain a residence permit for financially independent persons. This type of residence permit allows you to live in Austria without engaging in employment. The main requirements for obtaining this residence permit are:

• Availability of a spot within the annual quota (only a limited number of permits are issued each year);
• Proof of sufficient funds in a bank account, approximately €50,000 per person;
• Registration of Austrian health insurance;
• Rental of an apartment in Austria.

Advantages of the residence permit for financially independent persons:

1. After five years of living in Austria, it is possible to obtain a permanent residence permit (“Permanent Residence – EU”), which grants the right to unlimited residence and free access to the Austrian labor market.
2. The residence permit can be issued for the entire family.
3. With this permit, you can purchase real estate in Austria.
4. No investment is required to obtain this residence permit.
5. Free entry and movement within the EU.

Our Austrian attorney, Anna Bechter, is a lawyer specializing in migration and citizenship law.

She provides full support in matters of residence permits, citizenship, and corporate law, offering consultations in German, English, and Russian. Thanks to her expertise, the process of obtaining a residence permit in Austria becomes as transparent and reliable as possible.