How To Obtain Austrian Residence Permit
A residence permit is an official authorization permitting a foreign citizen to live and be able to operate in a foreign country legally. When granted this permission, most countries issue a residence card to the foreigner. A resident permit is not a visa. However, you need a visa to visit any country which is not visa free. Just to emphasize, your residence permit adds on the visa to legalize your stay in the country for a considerable long period of time and permits you to pursue your carrier or studies in that country.
A residence permit in Austria allows one to live in the country and travel the Schengen Area visa-free for 90 days in any 180. With this status, foreigners can reach a new quality of life and access better education and healthcare.
Who can and How to apply
Applications are submitted to an Austrian consulate in any country or a magistrate in Austria by appointment on the first working days of the year. The earlier your appointment, the higher the chance of getting a residence permit. Quotas are usually assigned within the first two days. The first residence permit is valid for a year and can be extended. One must spend 183+ days a year in Austria to retain the status. After five years of living in the country, one can apply for a lifetime permanent residence permit.
Financially independent persons may apply for an Austria residence permit without searching for a job or proving other significant reasons to relocate to the country. The permit allows its holder to live but not work in the country. The main requirements for applicants are a stable income, owned or rented housing in Austria and basic proficiency in German.
Article 44 of the Settlement and Residence Act (Niederlassungs- und Aufenthaltsgesetz, NAG) regulates the issuance of residence permits for financially independent persons. There are quotas for this type of permit — about 450 per year. One family member gets one quota.
Benefits of the Austria residence permit
Relocation to Austria
Firstly, Residence permits allow investors and their family members to live in Austria, a developed country with high living standards, beautiful architecture and nature, and good ecology. To maintain residency, one must spend at least 183 days a year in Austria.
Austrian residents can use their residence permit cards to enter the Schengen countries without visas and spend up to 90 days out of 180 in the region. The time spent in Austria doesn’t count.
Austria is consistently in the top 10 countries regarding the quality of healthcare services. Investors and their family members can get insurance treatment at Austrian clinics.
Furthermore, Graduation from Austrian schools paves the way to European universities. Besides, diplomas from Austrian universities are highly valued around the world. Minor children can get residence permits with the investor; thus, they won’t need a separate visa to study in the country.
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