Independent Means Visa

Austria offers a residence permits to those who can demonstrate an annual income of at least EUR 24,000. The permits are issued with one-year validity and renewable annually as long as the applicant maintains his income. 

After five years of continuous residency (and a minimum of 300 days per year of physical presence), the applicant is eligible for permanent residence. After ten years of residence (in some cases six years), the applicant is eligible for citizenship but will, in most cases, have to relinquish other citizenships.


Program at a glance

Program TypeIndependent Means Visa
Time to citizenship10 years (6 years in some cases)
Time to permanent residency5 years
Minimum investmentNone. Proof of EUR 24,000 annual income
Physical presence requirement300 days a year to qualify for PR
Application processing time3-5 months
Citizenship grants visa-free travel to188 destinations, including Schengen countries and the United States.
Contribution types availableNo investment required

Want IMI to put you in touch with a trusted specialist for this program?

IMI Professionals who can help you with this program

Talk to a Trusted Program Specialist

As the hub for investment migration professionals, IMI is regularly in touch with program specialists in every corner of the globe.

Tell us a little about your situation and what you need so that we may put you in touch with the right advisors.

Explore Programs

Direct Citizenship Programs

Programs that offer citizenship within months in exchange for investments or donations, with minor/no physical presence requirements.

Semi-Direct Citizenship Programs

Programs that offer citizenship in exchange for investments following a 1-2 year period, with minor/no physical presence requirements.

Active Investor Visas

Programs that offer residence permits within months to those who physically relocate to start and/or run a business. Startup and entrepreneur visas fall under this category.

You can't buy investment migration expertise.

But in IMI Club, you can build it faster than anywhere else.

IMI Club members-only benefits:

  • ✓ Unlimited articles
  • ✓ Full access to the IMI Data Center
  • ✓ Full access to our databases
  • ✓ Full access to partner reports
  • ✓ Preferential access to IMI Research Unit reports

  • ✓ Free access to the Market Eligibility Index
  • ✓ Listing of your profile as an IMI Expert
  • ✓ Exclusive interviews
  • ✓ Read IMI on the iPhone and Android apps
  • ✓ Free access to our resume bank

“Thanks to IMI Club, I am never that one guy in the meeting that hasn’t heard about the latest RCBI program price cut or rule change. Getting those regular alerts is simply necessary for me to stay on top of this rapidly-changing market.”

Eric G. Major
CEO, Latitude Residency & Citizenship