Is Austrian Citizenship By Investment Worth The High Price?
Got a spare 10 million? If you have, and you need E.U citizenship and you can pass a stringent background check and you are prepared to invest that amount of money into Austrian real estate, they will hand you a shiny new passport, and you don’t even have to live there.
You can only afford 3 million? No problem, although in that case it will need to be a non-refundable charitable donation to the Austrian economy but you will still get your passport.
What Exactly Is Citizenship by Investment (CBI)?
Citizenship by Investment is the process of a country providing citizenship and a passport to a financial investor – providing that the investor can pass a stringent background security check. The Citizenship by Investment market continues to accelerate at a rapid pace. High net-worth individuals from areas like the Middle East, Africa, Eastern Europe and Asia often need to increase their freedom of travel and the number of countries in which they can comfortably work and bank with, and for this an E.U passport is a game-changer.
Many affluent business people from the West already enjoy such freedom to travel and work, and instead are looking for citizenship to financial safe havens with discreet banking and sympathetic tax laws. Luckily for them, there are several Caribbean island who offer excellent CBI programs.
Austria is historically one of the longest established nations in Europe, with a history that dates back to 996 AD. This beautiful, picturesque, landlocked nation borders Germany, Italy, Switzerland, Hungary, the Czech Republic, Slovakia, Slovenia and Liechtenstein, and is a cultural and economic center of the E.U. Despite a population of just 8.6 million, Austria is the 12th richest country in the world in terms of GDP (Gross Domestic Product) per capita, and Austrians enjoy one of the highest standards of living in Europe.
Why Is The Austrian Citizenship By Investment So Expensive?
When one takes into account that E.U citizenship can be acquired far more cheaply by investing into countries like Hungary, Greece, Belgium and Malta to name but four, why would anyone need to spend over 2-3 million or more on an Austrian passport?
There are two key reasons why if one can afford it, the Austrian Citizenship by Investment program blows all of the other programs out of the water.
The Fastest Passport In The West
Or anyplace else for that matter. Once you have made your investment payment, you are handed your Austrian citizenship and passport. Even the fastest E.U nations will grant applicants a passport after a minimum 3-4 months, but they will ask for a level of residency as well as a financial investment. Austria requires no residency whatsoever.
An Austrian Passport Is For Life
Not only is the Austrian passport super-fast, it is rock-solid. Other countries may offer cheaper deals, but what many of these nations lack is the history of political and economic stability of Austria, rightly regarded as one of the cornerstones of the E.U. Purchase CBI from certain countries and you may run the risk of a political sea-change in that nation resulting in a cancelation of your citizenship.
On a lighter note, let us not forget Austria is the land that gave us Beethoven, Schubert, Mozart, Straus, Fritz Lang, Sigmund Freud, Hedy Lamar, Maria Von Trapp, Joy Adamson, Falco, Arnold Schwarzenegger, Thomas Muster and Christoph Waltz, to name just a few of its favorite sons and daughters.
Its history is as long and proud as that of any other nation in Europe. You may need to update your passport every ten years or so, but it is your property for life (unless of course you do something so despicable that they renounce your citizenship and throw you out the country, but that’s not going to happen – is it?)
What Does Austria Want From You?
Full Austrian citizenship and passport is granted immediately and without residency requirements upon completion of specified investment requirements. (Family members such as a spouse and children up to 18 years of age can be included in the citizenship application.)
These requirements are:
- A charitable donation of 2-3 million to the Austrian economy (or)
- A recoverable investment of $10 million in the economy of Austria (plus)
- An additional 400,00 – 600,000 for government fees plus application and due diligence costs.
Remember, there are no residency requirements. The Austrian Citizenship by Investment program may be expensive, but is by far the fastest was of acquiring full E.U citizenship.
Second Citizenship Programs
Still Interested? 2ndPassports.com Can Help
If you are still interested in applying for the Austrian Citizenship by Investment program or indeed any of the other very fine CBI programs in Europe and the Caribbean, log onto 2ndPassports.com now for more information.
You will find details of the very best CBI programs currently available in the world, including nations that you may not have realized had CBI programs like Germany, the UK and the USA.
You will also find all of our contact details. Feel free to email us or contact us by WhatsApp or Telegram for more information or a quote. If you prefer, you can phone or Skype us and speak directly to one of our expert representatives.
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