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austria citizenship by investment

Government processing fees for citizenship-by-investment in Austria are approximately 400,000 Euro per applicant. Art 10 (6) of the Austrian Citizenship Act (StbG) stipulates that Austrian citizenship may be granted if the federal government confirms that the granting of citizenship to the applicant is in the interest of the Republic of Austria due to his/her extraordinary past or prospective achievements. This may take various forms, including economic ones, and can include investment or other economic benefit brought to Austria. Procedure and Timeframes. Austria is also known for its beautiful landscape and countryside with Alpine peaks and spectacular scenery. These funds should be invested in venture capital or innovative business (es) within an industry that is given priority … Citizenship 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. Programmes start from a minimum $140,000 including costs. Unless you have a Numbered Bank Account, your international bank transfers will always be reported to your local government. This allows you to use your second passport to open an Offshore Bank Account without having to legally declare it to the tax authorities of your home country. It could also be a donation to a relevant public project. Although the procedure for obtaining citizenship by investment program is relatively simple, it is a very delicate process that requires a meticulous level of focus on the details and structuring of investment. Rather like a Patek Philippe watch or a Bugatti Veyron car, an Austrian passport by virtue of its citizenship by investment program is a status symbol. As part of the Citizenship by investment program, there is a four-tier due diligence process carried out directly by the government to assess candidates comprehensively. Citizenship by Investment essentially means that a person can apply for citizenship without having to show a prior connection with a nation. It is also known as the “golden visa”. This can be a donation, an investment as well as something else such as job creation. Further requirements for an award of the Austrian citizenship either depend on the acquisition due to legal claim or on the authority's discretion. The citizenship acquired under the Austria Citizenship by Investment program is fully recognized by the Government of Austria. Many countries around the world have such a program for various reasons – to bring in foreign investment, boost the realty market, generate employment, and improve the economic conditions. The same trace happens when making payments using Paypal, Payeer or your international credit card. Although Austria does not have a formal Citizenship by Investment Program, they can award Austria citizenship to someone who has made an extraordinary contribution to the country. CBI or the Citizenship by Investment program allows overseas individuals to buy real estate in a country and get its citizenship and passport. Such an investment must be significant, contribute to the economy and create jobs. 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