#citizenship by investment austria

[businessimmigrationvisa]

Being an industrialised nation which has given superiority to invention and unconventional and exclusive ideas it is the perfect place to apply for your Austria citizenship by investment.

[journeyjottings]

Want to Move to the US? Here’s How Much You Need to Invest to Get a Golden Visa

How to get a green card by investment and make your American dream a reality.

Always wanted to live in the US?

Unfortunately, the country’s Permanent Resident Card, or green card, is notoriously difficult to get.

Unless you have a family member in the US, a job offer or a lucky streak on the diversity visa lottery, you might need to put your American dream aside.

Except if you’re extremely wealthy, that is. The USA is among a handful of countries that still offer ‘golden visas’, or citizenship by investment.

The Immigrant Investor Program, or EB-5 visa, is America’s version of this scheme.

Here’s how it works and who’s eligible.

How do you get a US golden visa?

The EB-5 visa requires a minimum $800,000 (€730,000) investment in an approved commercial enterprise in the US. Additionally, the business must create or preserve at least 10 jobs.

For projects outside of targeted employment areas, the minimum investment rises to $1,050,000 (€960,000).

The investor must plan to be involved in the business as a manager.

If your application is approved after filing evidence of your investment, you can begin applying for a green card.

If successful, you will gain the right to live, work, study or retire in the US. Your dependent family members - spouse and unmarried children under 21 years old - will also be eligible for a conditional green card.

How many golden visas does the US hand out?

The US issues just 10,000 EB-5 visas per year, including those given to family members of investors.

As of last year, when the programme was renewed for another five years, 20 per cent of these visas are set aside for projects in rural locations. These target areas with fewer than 20,000 residents or with high unemployment rates.

Each country is allocated a maximum of 7 per cent of all EB-5 visas each year.

Which nationalities apply for the most US golden visas? The EB-5 visa is by far the most popular with people from China. In 2022, over 6,000 US golden visas were issued to Chinese nationals, with those carried over from the COVID-era partially accounting for the high number.

Due to the popularity of the scheme and the restrictive quota, Chinese investors currently face a decade-long wait for their green cards.

However, the waitlist is far shorter with the new rural scheme because it is considered a new category. This has led to fresh interest in the scheme.

India came next with 1,381 EB-5 visas in 2022, followed by Vietnam (815), South Korea and Brazil (336 each).

Which other countries offer golden visas?

Golden visas are becoming increasingly controversial in Europe. Many countries are eliminating or toughening up their schemes to avoid potential security risks, with Portugal the latest country to pull the plug.

The European Commission has warned that these schemes could be used for money laundering, tax evasion and organised crime.

Nevertheless, Austria, Italy, Greece, Malta, Spain, Switzerland and Turkey still have golden visa schemes in place.

Elsewhere, Singapore, the UAE and various Caribbean islands also offer golden visas. Although Canada does not have a countrywide golden visa scheme, some provinces do offer them.

Source: euronews travel

[trenityseo]

The Top Countries for Citizenship by Investment in Europe

Globalization has paved the way for a more cosmopolitan lifestyle, where having a second passport and a second home is increasingly common.

Securing a second citizenship, particularly in a European Union (EU) member country, offers various privileges. This includes visa-free or visa-on-arrival access to other EU member countries and countries with travel agreements with your second home.

However, obtaining citizenship in a European country is often challenging due to stringent regulations. Countries like Latvia, Czechia, Estonia, and Austria have rigorous citizenship requirements.

Citizenship by investment (CIB) emerges as a strategic and relatively straightforward pathway to EU citizenship. This scheme allows individuals to gain citizenship by making a significant economic contribution to the country. Notably, Malta and Grenada are among the few EU countries offering citizenship through this channel.

Grenada, a Caribbean Island and EU country, offers attractive benefits for citizenship by investment. These include dual citizenship, quick processing times, visa-free travel to numerous countries, and access to the US E-2 Visa, among others.

To access Grenada's CIB scheme, individuals can invest in real estate or donate to the National Transformation Fund.

Similarly, Malta's Citizenship by Naturalisation for Exceptional Services by Direct Investment (CES) program offers a pathway to citizenship within one or three years. Eligible investments include real estate and donations to Maltese nonprofit organizations.

Both Grenada and Malta offer an array of benefits, including visa-free travel and tax advantages, making them appealing options for those seeking EU citizenship through investment.

Seeking professional guidance from reputable immigration consultants like Trenity Consultants can help navigate the complex process of obtaining citizenship through investment, ensuring a smoother settlement in these EU countries.

[piptaninternationa]

The Top 3 European Countries Offering Citizenship by Investment Programs

Citizenship by investment (CBI) programs have become an increasingly popular way for countries to attract foreign investment and talent. These programs allow individuals to obtain citizenship in a country by making a significant investment in that country, often in the form of real estate or other approved investment options. In return, individuals are granted access to the benefits and privileges that come with citizenship, such as the right to live, work, and travel freely in the country.   Many countries around the world offer CBI programs, each with its own unique requirements and investment options. These programs can be an attractive option for high-net-worth individuals seeking to gain citizenship in a new country and take advantage of the opportunities that come with it. In this blog post, we will take a closer look at the Citizenship by Investment Programs offered by the top 3 countries of Europe.

Austria

Citizenship by Investment Program in Austria: Austria's citizenship by investment program was launched in 2011 and is officially known as the "Austrian Citizenship Act Amendment." The program is designed to attract wealthy individuals who can contribute to the Austrian economy and society. To be eligible for the program, individuals must make a significant investment in Austria, have a clean criminal record, and meet other requirements.

The investment options for the program are as follows:

Investment in a business: An individual can invest a minimum of €3 million in an Austrian business that creates new jobs or maintains existing ones. Investment in real estate: An individual can invest a minimum of €10 million in real estate in Austria. Investment in government bonds: An individual can invest a minimum of €3.5 million in Austrian government bonds.

Investment in a charitable project: An individual can invest a minimum of €2 million in a charitable project that benefits the Austrian people.

Combination of investment options: An individual can combine investment options to reach the required investment amount.

Once an individual has made the required investment, they must then meet additional requirements to obtain citizenship. These include passing a German language test and demonstrating knowledge of Austrian culture and history. Additionally, applicants must have a clean criminal record and be able to prove that their investment funds are legitimate.

Austria's CBI program has several advantages for investors. First, Austria is a member of the European Union, which means that Austrian citizens have the right to live and work in any EU member state. This can be a significant advantage for individuals who are looking to do business or invest in Europe. Second, Austria is known for its stable economy and high standard of living, which can make it an attractive destination for individuals looking to relocate or invest. However, the program also has some drawbacks. The investment amount required for the program is high, which may make it inaccessible for many individuals. Additionally, the application process for the program can be lengthy and complex, which may deter some potential investors.

In conclusion, Austria's Citizenship-by-investment program offers wealthy individuals the opportunity to obtain Austrian citizenship in exchange for a significant investment in the country. While the program has several advantages, including the ability to live and work in the European Union, it also has some drawbacks, including a high investment amount and a complex application process. As with any investment, individuals should carefully consider the costs and benefits of the program before making a decision.

Benefits of the CBI Program Austria

Austria does not have a formal citizenship-by-investment program. However, Austria does offer a residency by investment program called the Austrian Investor Program (AIP), which can lead to citizenship over time. Here are some potential benefits of participating in the AIP:

Access to the European Union: Austria is a member of the European Union, which means that obtaining residency in Austria through the AIP can provide visa-free travel to all EU countries.

Quality of life: Austria is consistently ranked among the top countries in the world in terms of quality of life, thanks to its strong economy, excellent healthcare, and beautiful natural environment.

Education: Austria is home to many renowned universities and educational institutions, including the University of Vienna, the Vienna University of Technology, and the Vienna University of Economics and Business. Residency in Austria can provide opportunities for educational advancement for you and your family.

Business opportunities: Austria is a hub for business and trade in Central Europe, with a highly skilled workforce and a favorable business environment. Obtaining residency in Austria through the AIP can provide access to these business opportunities.

Citizenship eligibility: Although the AIP is a residency program, after a certain period, you may be eligible to apply for Austrian citizenship. Austrian citizenship can provide access to all the benefits of being an EU citizen, including the right to live and work in any EU country.

It's important to note that the AIP has strict eligibility requirements, and the process can be lengthy and complex. It's always a good idea to consult with a qualified immigration lawyer before pursuing a residency in Austria through the AIP or any other program.

Malta

Citizenship by Investment Program in Malta: Malta's citizenship by investment program, also known as the Malta Individual Investor Programme (MIIP), was launched in 2014. The program is designed to attract high-net-worth individuals who can contribute to the Maltese economy and society. To be eligible for the program, individuals must make a significant investment in Malta, have a clean criminal record, and meet other requirements.

The investment options for the program are as follows:

Contribution to the National Development and Social Fund: An individual can make a non-refundable contribution to the National Development and Social Fund of Malta. The contribution amount varies depending on the size of the applicant's family, but it starts at €650,000 for a single applicant. Investment in government-approved financial instruments: An individual can invest a minimum of €150,000 in government-approved financial instruments, which must be held for a minimum of five years. Investment in real estate: An individual can invest a minimum of €350,000 in real estate in Malta. The property must be held for a minimum of five years. Investment in a Maltese company: An individual can invest a minimum of €700,000 in a Maltese company. The company must be actively trading in Malta and have a physical presence in the country.

Once an individual has made the required investment, they must then meet additional requirements to obtain citizenship. These include passing a due diligence check and a background check, demonstrating knowledge of Maltese culture and history, and proving that their investment funds are legitimate.

Malta's CBI program has several advantages for investors. First, Malta is a member of the European Union, which means that Maltese citizens have the right to live and work in any EU member state. This can be a significant advantage for individuals who are looking to do business or invest in Europe. Second, Malta has a stable economy and a high standard of living, which can make it an attractive destination for individuals looking to relocate or invest.

However, the program also has some drawbacks. The investment amount required for the program is high, which may make it inaccessible for many individuals. Additionally, the due diligence process for the program is rigorous, which may deter some potential investors.

In conclusion, Malta's citizenship by investment program offers high-net-worth individuals the opportunity to obtain Maltese citizenship in exchange for a significant investment in the country. While the program has several advantages, including the ability to live and work in the European Union, it also has some drawbacks, including a high investment amount and a rigorous due diligence process. As with any investment, individuals should carefully consider the costs and benefits of the program before making a decision.

Benefits of CBI Program Malta

The Maltese Citizenship by Investment Program, also known as the Individual Investor Program (IIP), provides foreign investors with the opportunity to obtain Maltese citizenship by making a significant investment in the country. Here are some potential benefits of the program:

Access to the European Union: Maltese citizenship provides access to the European Union, which means that citizens can live and work in any EU country without a visa.

Travel benefits: Maltese citizens can travel visa-free or with a visa-on-arrival to over 180 countries, making it easier to explore the world.

Business opportunities: Malta has a growing economy with a favorable business environment, and obtaining Maltese citizenship can provide access to business opportunities in the country and the wider EU.

Education: Malta has a highly regarded education system, with many reputable universities and educational institutions. Citizenship in Malta can provide opportunities for educational advancement for you and your family. 

Quality of life: Malta is known for its beautiful weather, stunning coastline, rich history and culture, and high quality of life.

It's important to note that the Maltese Citizenship by Investment Program has strict eligibility requirements and significant investment requirements, and the process can be lengthy and complex. It's always a good idea to consult with a qualified immigration lawyer before pursuing Maltese citizenship through this program or any other program.

Montenegro

Citizenship by Investment Program in Montenegro: Citizenship by investment (CBI) programs have become increasingly popular in recent years as more countries seek to attract foreign investment and talent. These programs offer individuals the opportunity to obtain citizenship in a country by investing a certain amount of money in that country. One country that offers a CBI program is Montenegro.

Montenegro's citizenship by investment program, also known as the Montenegro Citizenship by Investment Program (MCBI), was launched in 2019. The program is designed to attract foreign investment to the country and boost its economic growth. To be eligible for the program, individuals must make a significant investment in Montenegro and meet other requirements.

The investment options for the program are as follows:

Investment in real estate: An individual can invest a minimum of €250,000 in real estate in Montenegro. The property must be held for a minimum of five years.

Investment in a development project: An individual can invest a minimum of €450,000 in a development project in Montenegro. The project must be approved by the government and create a minimum of ten jobs.

Investment in government bonds: An individual can invest a minimum of €350,000 in Montenegro government bonds. The bonds must be held for a minimum of three years.

Once an individual has made the required investment, they must then meet additional requirements to obtain Citizenship by investment. These include passing a due diligence check and a background check, demonstrating knowledge of Montenegrin culture and history, and proving that their investment funds are legitimate. Montenegro's CBI program has several advantages for investors. First, Montenegro is a candidate country for membership in the European Union, which means that Montenegrin citizens may have the opportunity to become EU citizens in the future. Second, Montenegro has a growing economy and a high potential for growth, which can make it an attractive destination for individuals looking to invest in emerging markets. However, the program also has some drawbacks. The investment amount required for the program is high, which may make it inaccessible for many individuals. Additionally, the due diligence process for the program is rigorous, which may deter some potential investors. In conclusion, Montenegro's citizenship by investment program offers individuals the opportunity to obtain Montenegrin citizenship in exchange for a significant investment in the country. While the program has several advantages, including the potential for EU membership and a growing economy, it also has some drawbacks, including a high investment amount and a rigorous due diligence process. As with any investment, individuals should carefully consider the costs and benefits of the program before making a decision.

Benefits of CBI Program Montenegro

The Montenegro Citizenship by Investment Program, also known as the Montenegro Economic Citizenship Program (MECP), provides foreign investors with the opportunity to obtain Montenegrin citizenship by making a significant investment in the country. Here are some potential benefits of the program: Access to the European Union: Montenegro is a candidate country for EU membership, and Montenegrin citizens enjoy visa-free travel to the Schengen area for up to 90 days in any 180-day period. Once Montenegro joins the EU, Montenegrin citizens will have access to all the benefits of being EU citizens, including the right to live and work in any EU country. Travel benefits: Montenegrin citizens can travel visa-free or with a visa-on-arrival to over 120 countries, making it easier to explore the world. Business opportunities: Montenegro has a developing economy with a favorable business environment, and obtaining Montenegrin citizenship can provide access to business opportunities in the country and the wider EU. Real estate investment: The Montenegro Citizenship by Investment Program requires a significant investment in real estate in the country, which can provide a valuable asset for the investor. Quality of life: Montenegro is known for its stunning natural beauty, warm Mediterranean climate, and rich cultural heritage, making it a desirable place to live and visit.

It's important to note that the Montenegro Citizenship by Investment Program has strict eligibility requirements and significant investment requirements, and the process can be lengthy and complex. It's always a good idea to consult with a qualified immigration lawyer before pursuing Montenegrin citizenship through this program or any other program.

Conclusion

In conclusion, citizenship by investment programs has become an increasingly popular way for countries to attract foreign investment and talent. These programs offer individuals the opportunity to obtain citizenship in a country by making a significant investment, often in the form of real estate or other approved investment options. While the benefits of these programs can be significant, including access to the privileges and opportunities that come with citizenship, it is important for individuals to carefully consider the costs and requirements of each program before making a decision. Piptan in Each country offering a citizenship-by-investment program has its own unique set of requirements and investment options, and individuals should carefully evaluate each option to determine which program best meets their needs and goals. Ultimately, citizenship by investment programs can be an attractive option for high-net-worth individuals seeking to gain citizenship in a new country and take advantage of the opportunities that come with it.

[juwelisrealestate]

Northern Cyprus

Dec 1

There were two types of overseas property buyers in Northern Cyprus: investors and relocation ex-pats. Over the past few years, the main reason for purchasing property in north Cyprus was the great sunshine, low cost of living, inexpensive properties with excellent building quality, low crime, and wonderful Mediterranean foods. In the beginning, many middle-class ex-pats chose to retire in Northern Cyprus followed by younger families looking for low crime, cheaper and better international schools for their children. These factors have made Northern Cyprus more popular than ever to invest in real estate!

Thanks to the internet, the power of YouTube, and social media, more people discover Northern Cyprus and compare property prices worldwide. This new age has increased the interest of overseas investors in the Northern Cyprus property market. Northern Cyprus property is not only promising to make a smart financial decision for investors but also becomes a popular destination to relocate to. Unlike some other places like in the Middle East or some European countries where citizenship is being offered or promising certain unrealistic figures to invest in property, Northern Cyprus has so many things working for it that make Northern Cyprus very attractive and continually growing.

Safety

The island of Cyprus was ranked fifth in the list of safest countries in the world in 2013 and Northern Cyprus was rated third in the same year. Many people did not lock their car or house doors. Even today, it’s still a safe place to live and our staff never had a negative incident or uncomfortable feeling during the past year. Don’t be surprised when you see the many bolts on home doors. I’s actually not needed but standard because locals don’t know it any other way,

Reasonable Prices

TRNC’s local currency is Turkish lira, but real estate and cars are sold in foreign currency (British Pounds). Food and daily essentials’ prices are in Turkish lira and the higher the foreign currency, the higher the buying power. That’s why tourists love life and investments in TRNC. Even people living in Southern Cyprus travel to Northern Cyprus for shopping and gas. This fact makes it ideal to invest in real estate and for retirees from wealthy countries like Switzerland, Austria, Germany, Great Britain, Skandinavia or the United States of America.

.

Ready to explore

If you love nature and the outdoors, then Northern Cyprus is for you! There are so many options for exploring. You can discover brand-new places to visit every weekend!

Peaceful

The safe country TRNK is also the address of Peace. The inhabitants of the Island generally live a calm and stress-less life. This is reflected at every stage of life. TRNC offers a peaceful life with its nature, scenery, and climate.

10% increasing investment (annually)

Property prices in Northern Cyprus are rising by up to ten percent per annum in key investment zones. Elsewhere, prices have remained very steady. This is in sharp contradiction to falling prices in other European countries. The reason why Northern Cyprus property prices have remained so stable is that properties have been constructed with private capital and not with loans from the international financial system and because the Northern Cyprus property market was insulated from the global banking crisis.

The most lucrative resale strategy is buying an object at the zero phases of construction when the builder sells it at the lowest possible price. After the construction is complete (usually within one to two years), the object is sold at the market price of completed projects. Property value increases an average by thirty percent during the building process. Buying a property in Northern Cyprus and make a safe long-term investment.

[expresscitizenship]

Expresscitizenship.us -Citizenship and Resssidency by Investment

Express Citizenship helps wealthy people obtain second citizenship and residence permits by investment For the last 25 years, We have helped students, business persons, tourists, clients with medical needs to acquire U.S. visas. Besides, we also help with other family based, employment based & investment based Immigration.

Express Citizenship has a leading position in the niche industry of fast citizenship and residency by investment. These programs do not require living in the country to obtain the citizenship or residency and they allow dual citizenship and nationality. No specific qualifications are expected from applicants other having a clean criminal record and making an investment.

WHY GET A SECOND PASSPORT? The advantages of holding a second passport or an alternative residency are significant to mitigate financial risks and secure your future. In this new world of deglobalization a well-accepted second passport with visa free access to relevant countries worldwide is essential.

1.0 SECURITY Safety is essential for everyone but particularly for those who come from politically distressed regions. Access to safe communities is vital.

2.0 GLOBAL REACH Visa free travel without discrimination and freedom of movement is a fundamental right acquired through a strong second passport

3.0 HEALTH CARE Access to robust healthcare systems is particularly crucial in times of emergency. Get access to one of the best health care services

4.0 WEALTH BOAST Protect your wealth from unpredictable Governments and aggressive taxes. Open accounts with reputable banks and have a smart succession planning

5.0 EDUCATION Empowering children through first class education is a key driver to those acquiring a second citizenship or residency

6.0 GOOD GOVERNMENT Belonging to a country with a stable political system where sensible decisions are made by leaders to protect their citizens is key

7.0 QUALITY OF LIFE Feeling welcomed by a community and a stable environment with a high quality of life is priceless

OUR VISAS 1.0 Tourist & Visitor Visa 2.0 Business Visa 3.0 Job/Work Visa 4.0 Student Visa

Get entry to 20 Best Universities 20 Countries​

We also help you study at an accredited U.S. college or university or participate in an exchange program, including high school and university study or for non-academic or vocational study or training in the United States,Europe and other parts of the world. .

Our Website: https://expresscitizenship.us/

Our Darkweb: http://tve7z54znfh3eewrvsil4nxqv7pvtxaixjfyac7d5wfztquixisagmad.onion #citizenship #citizenshipbyinvestment #citizenshipbyinvestment ,#residence #resdencebyinvestment #passport #renewpassport #buypassport #driverslicense#renewdriverslicence #stkittsandnevis #cyprus #antigua #stkittsandnevis #ireland#liveingreece #spain#portugal#montenegro #germany #Germanpassport #dualpassport #dualnationality #citizenshipbyinvestmentamerica citizenship by investment antigua, citizenship by investment argentina, citizenship by investment around the world citizenship by investment asia, citizenship by investment australia, citizenship by investment austria, citizenship by investment azerbaijan, citizenship by investment canada, citizenship by investment caribbean, citizenship by investment cayman islands, citizenship by investment cheapest, citizenship by investment comparison,, citizenship by investment costa rica, citizenship by investment countries

[pixakecu]

How to Acquire an Austria Visa and Why it is Important

https://fr.ivisa.com/austria-etias

Austria Etias is the best combination of scenic beauty and historic interest. It is considered to be one of the most attractive countries of Europe because of its unique landscape, architectural geniuses and welcoming people. This historical land, Austria has been the home to some of the greatest and most influential people in the history of Western civilization.

Austria is regarded as a European country of many cultural compositions such as the Bohemian, German, Austrian, Sorbian and Roma peoples. All these ethnic compositions have their particular characteristics and language which makes them distinct from each other. Nearly All the Austrians speak the language of Latin along with English. In order to ease visa free travel to Europe for Austrian citizens, all foreigners who meet the criteria can apply for an Austria eetias visa waiver. One of the many reasons why Austria becomes a fantastic tourist place would be its magnificent mountains, beautiful countryside, magnificent cities, abundant green space and picturesque surrounding.

If you're eligible for visa entry to the European Union, you won't face the hassle of travelling across continents and federal boundaries. Visa free travel to Austria is potential for citizens of passport free states including US, UK, Germany and Denmark. You must also make certain you hold an eligible international resident alien card (IMIC card) or a Austria eetias card for Austrian citizenship. These cards have been issued by the foreign ministries of the concerned nations. The ideal time to visit Austria is between the months of May and September. You must also make sure that you obtain your permanent resident visa no later than 3 weeks before you plan to go to Austria.

A simple way to achieve Austria is the Eurostar. You can accomplish your flight destination by air. But if you are visiting Austria via railroad then it's crucial that you obtain a visa beforehand. The timeframe for processing visa applications for vacationers is usually around two to three weeks. If you want to apply for an Austria visa on your own then you need to apply in person at the local immigration office in Vienna.

If you're travelling to Austria via the visa free pass as mentioned above, then you must be conscious that there are different entry conditions for each of the four categories mentioned previously. The first class of non Austrians who are qualified for visa free entry is people who have a company or investment in Austria. Company and investment actions in Austria do not include ownership of land, which is not owned by the person. If you're qualified for this kind of visa then you may keep in the country for up to ninety days and may have an unlimited number of entries.

There are various different types of people who are eligible for visa free entry, for example family members of citizens of the nation, children of school students studying in Austria and people on global relief. It's important that you assess what is needed for each class before beginning your application procedure. You can find out this information from the Site of this Austria Ministry of Migration and Integration. When you've got all of the appropriate information you require, you'll be able to begin your application process and begin enjoying everything Austria offers.

[jaywireblog]

How Did I Get My Red-White-Red Card (Austrian Residence) As a Startup Founder

By John H. Shen

“Ok, that was faster than expected.”

I turned to my co-founder, as we just received a congratulations email from my lawyer about my rot-weiss-rot kart getting approved. The time frame from when I applied to when I got the formal approval took just 3 months, which was much faster than the average we have heard before. 

Gotta Love That Bureaucracy

Having lived and worked in both New Zealand and China prior, I had to say that Austria is much more difficult and process-heavy compared to NZ, especially for those who were not EU residence. We were very fortunate as we were getting a lot of help from the local agencies such as ABA, VBA and FFG. If you are a startup founder and new to Austria, I recommend look them up!

Then, why Austria? So many people asked us this question, mostly Austrians. I always start the answers by throwing bouquets at the cultural vibrance and my love for the local classical music. It always bring smiles to their faces. I mean it though. Vienna is such an exquisite city, always ranked high in the top 10 liveable cities in the world, many times No. 1.

But for our establishment, a FinTech startup founded in Shanghai China, Austria is our gateway to the limelight of the European market. Furthermore, in comparison to other European countries, the support in the innovation sector in Austria is phenomenal. From the public funding to the supports from the agencies, to the innovative and professional ecosystem. It literally took us much less time to find our first 10 beta B2B customers than to open a company bank account. 

Bureaucracy is annoying, but the ecosystem? Awesome!

A Little Bit About Me

I was born in Beijing, China. I went to New Zealand to study as a teenager. Graduated from University of Auckland with BSc - Computer Science in 2006. I worked as software developer, business analyst, then project/product manger. I decided to quit my job in the year 2015, to go full-time in entrepreneurship.

The first few ideas did’t work so well, no surprise there though. Then I met my co-founders in China in 2016. In that very year, I went back to Shanghai, China, to work with the team on the new business, Xencio. 16 years after living in New Zealand.

Xencio China offers corporate treasury automation via AI powered financial intelligence. We sell to many global corporates such as Unilever, Merck, GE, Herbalife, Didi, PingAn China etc. We now have 30 full-time hired hands in China alone. 

We felt it is appropriate in 2018 to explore reconnoiter an opportunity to expand to the global market, and that’s when we finally picked Austria as our hub to the EU market.

To Start a Company, You Need Residency 

Well, as long as you are not an EU citizen, you cannot really work here, let alone start a company. You can actually cofound a company, but you have to be a shareholder owing less than 50%.

But no worries, there’re 3 ways you could use inorder to obtain the red-white-red card which gives authorization to you to be the managing director, work in your business full time and get medical covers and kids to school just like the locals. 

1. Red-White-Red Card Start-up Founder Category

2. Red-White-Red Card Self-employed Key Workers Category

3. Other Key Workers Category

You can find more details from here about the red-white-red card yourself: https://www.migration.gv.at/en/types-of-immigration/permanent-immigration/

The rule of thumb is, for startup founders, 1 is better than 2, which is also better than 3. but 1 is much harder. So if 1 fails, you try 2, and so on. In this post, i will talk about the Startup Founder Category mostly, because that’s the one I did. 

Score Yourself Now!

https://www.migration.gv.at/en/types-of-immigration/permanent-immigration/start-up-founders/

Quite self explanatory, if you are young, tertiary level educated with good english and fair amount of accuaintance with work, you should be eliible with a >50 score. 

In my case, I got total 60 

20 - A university degree (not from Austria) 

10 - Work Experience more than 5 years

20 - English C2

10 - Additional Investment of €50,000, and

10 - Selected to a business incubator in Vienna

I just turned 35 when i applied, too bad I couldn’t get the additional 10 point for age (yeah that age up to 35 means it does not include 35, grrr!!). 

A Lil Hurdle to Get You Started - Frist Chicken and Egg 

Ok, so far so good right? Here comes the fun part:

If you want your application likely to succeed (which you definitely want, right?), you had better have a company already registered. Wait a minute, didn’t I mention earlier you need residency to be the managing director of a GmbH? Exactly! So here you go:

Company <--Dependency--> Director having citizenship or residency

There’re only two possible ways of tackling this: 

1. To apply for red-white-red without having a company (and risking getting rejected), or 

2. To form a company without having residence (the company formation will come to a halt at some stage, but regardless). We chose the second one. 

(actually there is a whole lot to talk about with company formation for non-EU citizens, I will write another blog about it.)

Document Preparation 

While the company formation is underway for me,  I started to prepare my list of documents. 

Let’s start with the easy and pettifogging ones: 

1. Passport and photocopies of passport

2. EU Sized Passport Photos

3. TOFEL Certificates to show sufficient language level (if your citizenship is not from a native German or English speaking countries)

4. Proof of Business Incubator - If you already in one, this is money for old rope. But if you are looking at a foreign friendly incubators to get into, here are some quick recommendations, google them: Global Incubator Network, Vienna Startup Package, Elevate by TheVentury, INiTS, weXelerate, ElevatorLab

5. Proof of Fund - for my case, i need to show a bank statement of more than 25.000 EUR. I also had to show that the new company bank account (Xencio GmbH) has over 50.000 EUR.

Then the slightly more complicated ones:

6. Work Certificates - to show your pertinent work experiences. I literally emailed or LinkedIn messaged all my ex-managers or HR department of my former companies, they were very corporative. Because mine is all from NZ, thus did not need translation into English. Yes English is ample enough for it.

7. New Company Related Files - As company formation was not fully completed, I just submitted all the documents or evidence as could provide. This shows the authority that you are resolute with starting a company, not just saying you would.

8. Business Plan - I will going to a bit more details later about it. you can message me directly to get a business plan for Xencio GmbH which we have submitted for my application.

Comparatively more challenging, these documents need apostille:

(I have documents from NZ and China both needing apostille, I found the one from China to be much harder. Simply because NZ has an E-apostille system, if your home country has it, you’re in luck! For my Chinese files, they need to be translated, notarised and diplomatically apostilled)

9. Marriage Certificate 

10. Criminal / Police Record

11. Birth Certificate

12. University Degrees and Transcripts - After being apostilled, your degrees need to be verified with ENIC NARIC Austria, this copy needs to be in your document too.

Ok this last one is ridiculous:

13. The proof of residential address in Austria 

Yes! You heard right! You Need A Residential Address  - The Second Chicken and Egg

You see, the fact you had to show proof of address as part of your residency application is simply absurd, says the former Minister of Digital and Economical Affairs (https://investaustria.at/en/news/2019/03/red-white-red-card.php). 

What if your application got rejected? What if (and it definitely will be) things gets impeded even after you got approved? Anyway, the only way to maneuver around it is to sign with explicit short to medium term accomodation mainstay or get some local friends who has properties to assist you with. I don’t really want to do any advertisement here, just message me if you want to know the list of these accomodations providers. 

Business Plan, Do's and Don't's

You are an entrepreneur, you know what a good business plan should include. You know, the basics such as:

- Executive Summary - The Problem - Solution - Benefits - Product / Service Description - Market Analysis - Business Development Plan - Competitor Analysis - Financial Planning

As mentioned earlier, please message me to get a copy of our submitted business plan as reference. 

Additional to a good startup business plan, there’re a few more things the authority are looking for: 

1. Micro-economical Benefit - Local employment - so you need to show how your company is going to hire more people in the next 2-3 years. As a startup you need to consider this and make plans for it.

2. Micro-economical Benefit - Concerning Disruption - this one is a little bit counterintuitive. For the authority, If your business is to provide more job opportunities or bring more money to Austria, well that’s just awesome! But if it’s a type of disruption that it simply moves customer from the competitor to you, then it is not considered economically beneficial. This is a fine line though, ideas like uber or airbnb can in theory considered having no micro-economical significance, in subject to how you frame it in your plan. This could be quite tasking

3. Technological innovation - similar to the governmental grants, there is a huge emphasis on technological innovation. The goal is to land more IPs in Austria. In your business plan, the touch on business development and marketing is important, but it cannot be all it is to your business. 

Ready Now? Let’s Submit It!

If you are lucky enough to be from one of the >90 days visa-free countries. You can actually submit your application in Austria. 

For me, applying via a Chinese Passport, even I was in Vienna on a business purpose visa, I had to submit it in China. This makes a huge difference and added additional 1-2 months of diplomatic courier transfer (YES, THAT LONG). 

What Happens After Submission?

The MA35 will do an initial mild check of your documents for sufficiency. Then it will be forwarded to the labour department - AMS. Your case would then be presented and discussed over a jury meeting (this is why the do’s and don’t’s are very important). The jury meeting is the ultimate determination of whether your case is successful or not. It takes up to 8 weeks for a decision to be made by the labour department. 

A notice from the MA35 will be issued that your application is approved, then there will just be more waiting for MA35 to check in detail of all the documents provided.  

Hooray, It’s Approved, Then What?

Again, if you are lucky enough to have a passport that grants you Schengen 90 days visa-free, your red white red card should be ready for collection. For me, unfortunately, I needed to fly back to China again (even though I was in Vienna with a business purpose visa at the time of approval), to apply for a Visa-D so that I could come back to Vienna to collect my red-white-red. 

Ok ok, no more complaining, with all that being done, I finally made it back to Vienna. Picked up the card and business is good to go, hooray!!

Business just started, More challenges Awaits

As I often say to may others, bureaucracy is challenging, doing business is much harder! In my next few blogs, I would like to share more about our journey with hiring, tax, social security, getting the grants, as well as living here as an English speaker (getting the drivers license, kids to kindergarten / school, and renting / buying a house). This is just my first blog. 

Feel free to contact me directly (linkedin.com/in/johntheshen). If you got any more questions. See you in my next blog!

Disclaimer: Information provided in this article does not serve as legal advice of any kind. If you have a particular question regarding the red-white-red card, please consult an immigration lawyer. For the most up-to-date information, please refer to https://www.migration.gv.at/en

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The Top 3 European Countries Offering Citizenship by Investment Programs

Citizenship by investment (CBI) programs have become an increasingly popular way for countries to attract foreign investment and talent. These programs allow individuals to obtain citizenship in a country by making a significant investment in that country, often in the form of real estate or other approved investment options. In return, individuals are granted access to the benefits and privileges that come with citizenship, such as the right to live, work, and travel freely in the country.   Many countries around the world offer CBI programs, each with its own unique requirements and investment options. These programs can be an attractive option for high-net-worth individuals seeking to gain citizenship in a new country and take advantage of the opportunities that come with it. In this blog post, we will take a closer look at the Citizenship by Investment Programs offered by the top 3 countries of Europe.

Austria

Citizenship by Investment Program in Austria:  Austria's citizenship by investment program was launched in 2011 and is officially known as the "Austrian Citizenship Act Amendment." The program is designed to attract wealthy individuals who can contribute to the Austrian economy and society. To be eligible for the program, individuals must make a significant investment in Austria, have a clean criminal record, and meet other requirements.  The investmentoptions for the program are as follows:  Investment in a business: An individual can invest a minimum of €3 million in an Austrian business that creates new jobs or maintains existing ones.

Investment in real estate: An individual can invest a minimum of €10 million in real estate in Austria.  Investment in government bonds: An individual can invest a minimum of €3.5 million in Austrian government bonds. Investment in a charitable project: An individual can invest a minimum of €2 million in a charitable project that benefits the Austrian people. Combination of investment options: An individual can combine investment options to reach the required investment amount.

Once an individual has made the required investment, they must then meet additional requirements to obtain citizenship. These include passing a German language test and demonstrating knowledge of Austrian culture and history. Additionally, applicants must have a clean criminal record and be able to prove that their investment funds are legitimate.  Austria's CBI program has several advantages for investors. First, Austria is a member of the European Union, which means that Austrian citizens have the right to live and work in any EU member state. This can be a significant advantage for individuals who are looking to do business or invest in Europe. Second, Austria is known for its stable economy and high standard of living, which can make it an attractive destination for individuals looking to relocate or invest.  However, the program also has some drawbacks. The investment amount required for the program is high, which may make it inaccessible for many individuals. Additionally, the application process for the program can be lengthy and complex, which may deter some potential investors.  In conclusion, Austria's Citizenship-by-investment program offers wealthy individuals the opportunity to obtain Austrian citizenship in exchange for a significant investment in the country. While the program has several advantages, including the ability to live and work in the European Union, it also has some drawbacks, including a high investment amount and a complex application process. As with any investment, individuals should carefully consider the costs and benefits of the program before making a decision.

Benefits of the CBI Program Austria:

Austria does not have a formal citizenship-by-investment program. However, Austria does offer a residency by investment program called the Austrian Investor Program (AIP), which can lead to citizenship over time. Here are some potential benefits of participating in the AIP:

Access to the European Union: Austria is a member of the European Union, which means that obtaining residency in Austria through the AIP can provide visa-free travel to all EU countries. Quality of life: Austria is consistently ranked among the top countries in the world in terms of quality of life, thanks to its strong economy, excellent healthcare, and beautiful natural environment. Education: Austria is home to many renowned universities and educational institutions, including the University of Vienna, the Vienna University of Technology, and the Vienna University of Economics and Business. Residency in Austria can provide opportunities for educational advancement for you and your family. Business opportunities: Austria is a hub for business and trade in Central Europe, with a highly skilled workforce and a favorable business environment. Obtaining residency in Austria through the AIP can provide access to these business opportunities. Citizenship eligibility: Although the AIP is a residency program, after a certain period, you may be eligible to apply for Austrian citizenship. Austrian citizenship can provide access to all the benefits of being an EU citizen, including the right to live and work in any EU country.  It's important to note that the AIP has strict eligibility requirements, and the process can be lengthy and complex. It's always a good idea to consult with a qualified immigration lawyer before pursuing a residency in Austria through the AIP or any other program.

Malta

Citizenship by Investment Program in Malta: Malta's citizenship by investment program, also known as the Malta Individual Investor Programme (MIIP), was launched in 2014. The program is designed to attract high-net-worth individuals who can contribute to the Maltese economy and society. To be eligible for the program, individuals must make a significant investment in Malta, have a clean criminal record, and meet other requirements.

The investment options for the program are as follows: Contribution to the National Development and Social Fund: An individual can make a non-refundable contribution to the National Development and Social Fund of Malta. The contribution amount varies depending on the size of the applicant's family, but it starts at €650,000 for a single applicant. Investment in government-approved financial instruments: An individual can invest a minimum of €150,000 in government-approved financial instruments, which must be held for a minimum of five years. Investment in real estate: An individual can invest a minimum of €350,000 in real estate in Malta. The property must be held for a minimum of five years. Investment in a Maltese company: An individual can invest a minimum of €700,000 in a Maltese company. The company must be actively trading in Malta and have a physical presence in the country.  Once an individual has made the required investment, they must then meet additional requirements to obtain citizenship. These include passing a due diligence check and a background check, demonstrating knowledge of Maltese culture and history, and proving that their investment funds are legitimate.  Malta's CBI program has several advantages for investors. First, Malta is a member of the European Union, which means that Maltese citizens have the right to live and work in any EU member state. This can be a significant advantage for individuals who are looking to do business or invest in Europe. Second, Malta has a stable economy and a high standard of living, which can make it an attractive destination for individuals looking to relocate or invest.  However, the program also has some drawbacks. The investment amount required for the program is high, which may make it inaccessible for many individuals. Additionally, the due diligence process for the program is rigorous, which may deter some potential investors.  In conclusion, Malta's citizenship by investment program offers high-net-worth individuals the opportunity to obtain Maltese citizenship in exchange for a significant investment in the country. While the program has several advantages, including the ability to live and work in the European Union, it also has some drawbacks, including a high investment amount and a rigorous due diligence process. As with any investment, individuals should carefully consider the costs and benefits of the program before making a decision.

Benefits of CBI Program Malta: The Maltese Citizenship by Investment Program, also known as the Individual Investor Program (IIP), provides foreign investors with the opportunity to obtain Maltese citizenship by making a significant investment in the country. 

Here are some potential benefits of the program: Access to the European Union: Maltese citizenship provides access to the European Union, which means that citizens can live and work in any EU country without a visa. Travel benefits: Maltese citizens can travel visa-free or with a visa-on-arrival to over 180 countries, making it easier to explore the world. Business opportunities: Malta has a growing economy with a favorable business environment, and obtaining Maltese citizenship can provide access to business opportunities in the country and the wider EU. Education: Malta has a highly regarded education system, with many reputable universities and educational institutions. Citizenship in Malta can provide opportunities for educational advancement for you and your family. 

Quality of life: Malta is known for its beautiful weather, stunning coastline, rich history and culture, and high quality of life.

It's important to note that the Maltese Citizenship by Investment Program has strict eligibility requirements and significant investment requirements, and the process can be lengthy and complex.

It's always a good idea to consult with a qualified immigration lawyer before pursuing Maltese citizenship through this program or any other program.

Montenegro

Citizenship by Investment Program in Montenegro: Citizenship by investment (CBI) programs have become increasingly popular in recent years as more countries seek to attract foreign investment and talent. These programs offer individuals the opportunity to obtain citizenship in a country by investing a certain amount of money in that country. One country that offers a CBI program is Montenegro.

Montenegro's citizenship by investment program, also known as the Montenegro Citizenship by Investment Program (MCBI), was launched in 2019. The program is designed to attract foreign investment to the country and boost its economic growth. To be eligible for the program, individuals must make a significant investment in Montenegro and meet other requirements.

The investment options for the program are as follows: Investment in real estate: An individual can invest a minimum of €250,000 in real estate in Montenegro. The property must be held for a minimum of five years. Investment in a development project: An individual can invest a minimum of €450,000 in a development project in Montenegro. The project must be approved by the government and create a minimum of ten jobs.  Investment in government bonds: An individual can invest a minimum of €350,000 in Montenegro government bonds. The bonds must be held for a minimum of three years.

Once an individual has made the required investment, they must then meet additional requirements to obtain Citizenship by investment. These include passing a due diligence check and a background check, demonstrating knowledge of Montenegrin culture and history, and proving that their investment funds are legitimate.

Montenegro's CBI program has several advantages for investors. First, Montenegro is a candidate country for membership in the European Union, which means that Montenegrin citizens may have the opportunity to become EU citizens in the future. Second, Montenegro has a growing economy and a high potential for growth, which can make it an attractive destination for individuals looking to invest in emerging markets.

However, the program also has some drawbacks. The investment amount required for the program is high, which may make it inaccessible for many individuals. Additionally, the due diligence process for the program is rigorous, which may deter some potential investors.

In conclusion, Montenegro's citizenship by investment program offers individuals the opportunity to obtain Montenegrin citizenship in exchange for a significant investment in the country. While the program has several advantages, including the potential for EU membership and a growing economy, it also has some drawbacks, including a high investment amount and a rigorous due diligence process. As with any investment, individuals should carefully consider the costs and benefits of the program before making a decision.

Benefits of CBI Program Montenegro: The Montenegro Citizenship by Investment Program, also known as the Montenegro Economic Citizenship Program (MECP), provides foreign investors with the opportunity to obtain Montenegrin citizenship by making a significant investment in the country. Here are some potential benefits of the program: Access to the European Union: Montenegro is a candidate country for EU membership, and Montenegrin citizens enjoy visa-free travel to the Schengen area for up to 90 days in any 180-day period. Once Montenegro joins the EU, Montenegrin citizens will have access to all the benefits of being EU citizens, including the right to live and work in any EU country. Travel benefits: Montenegrin citizens can travel visa-free or with a visa-on-arrival to over 120 countries, making it easier to explore the world. Business opportunities: Montenegro has a developing economy with a favorable business environment, and obtaining Montenegrin citizenship can provide access to business opportunities in the country and the wider EU. 

Real estate investment: The Montenegro Citizenship by Investment Program requires a significant investment in real estate in the country, which can provide a valuable asset for the investor. Quality of life: Montenegro is known for its stunning natural beauty, warm Mediterranean climate, and rich cultural heritage, making it a desirable place to live and visit.

It's important to note that the Montenegro Citizenship by Investment Program has strict eligibility requirements and significant investment requirements, and the process can be lengthy and complex. It's always a good idea to consult with a qualified immigration lawyer before pursuing Montenegrin citizenship through this program or any other program.

Conclusion

In conclusion, citizenship by investment programs has become an increasingly popular way for countries to attract foreign investment and talent. These programs offer individuals the opportunity to obtain citizenship in a country by making a significant investment, often in the form of real estate or other approved investment options.  While the benefits of these programs can be significant, including access to the privileges and opportunities that come with citizenship, it is important for individuals to carefully consider the costs and requirements of each program before making a decision. Piptan in  Each country offering a citizenship-by-investment program has its own unique set of requirements and investment options, and individuals should carefully evaluate each option to determine which program best meets their needs and goals. Ultimately, citizenship by investment programs can be an attractive option for high-net-worth individuals seeking to gain citizenship in a new country and take advantage of the opportunities that come with it.