Independent Means Visa in Austria: A Guide for Financially Independent Expats

Austria’s Independent Means Visa allows financially self-sufficient non-EU nationals to live in the country without employment, provided they meet strict income and integration criteria.

The Independent Means Visa in Austria is a popular residency option for retirees, high-net-worth individuals, and remote investors seeking long-term residence in one of Europe’s most stable and scenic countries.

In this guide, we’ll cover:

• What is independent means residency in Austria?
• What are the types of residence permit in Austria for non-EU?
• What are the requirements for residency in Austria?
• What are the benefits and drawbacks of independent means visa in Austria?
• Can I bring my spouse to Austria?

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What is the independent means visa in Austria?

Il Independent Means Visa in Austria, officially known as the Settlement Permit – Excepted Employment, is a residence option for non-EU nationals who can financially support themselves without working locally.

It allows you to live in Austria long-term without employment or running a business.

This residence permit falls under the quota-based immigration system and is issued under strict annual caps.

Applicants must show stable passive income or personal wealth and commit to not engaging in gainful employment within Austria.

What are the financial requirements for Austria visa?

As of 2025, the financial thresholds are:

• Single applicants: Approx. EUR 2,547.98
• Married couples: Approx. EUR 4,019.70
• Each dependent child: Additional EUR 393.14

These figures are based on Austria’s standard social welfare rates, but authorities expect applicants to exceed the minimum to ensure a secure lifestyle.

The funds must be readily available and verifiable, typically shown through:

• Recent bank statements proving access to liquid assets or monthly income
• Documentation of pensions, dividends, rental income, or similar passive revenue streams
• In some cases, foreign tax returns or proof of asset ownership may also be requested

It’s important to note that income must come from sources outside Austria, and lump sums or locked investments may not qualify unless they can be easily liquidated.

Additionally, holding international health insurance and securing appropriate housing in Austria are considered part of your financial preparedness.

Some Austrian provinces may enforce stricter documentation or higher thresholds, so it’s advisable to check with the local Austrian embassy or consulate handling your application.

Is there a language requirement for independent means visa in Austria?

Yes. Applicants must demonstrate basic German language skills, typically at A1 level of the Common European Framework of Reference for Languages (CEFR).

This ensures you can handle everyday interactions and basic needs upon arrival.

The requirement applies at the initial application stage and must be proven through an accredited language certificate, such as those issued by ÖSD, Goethe-Institut, or other recognized providers.

Certificates are usually required to be no older than 12 months at the time of submission.

What are the different types of residence permits in Austria?

• Red-White-Red Card: Designed for highly skilled non-EU nationals who intend to work in Austria. This permit combines residence and work rights and is points-based.
• Settlement Permit – Excepted Employment: Commonly used by financially independent individuals, including those applying for the independent means visa. It does not allow employment but permits long-term residence.
• Residence Permit – Family Reunification: For family members of Austrian residents or citizens, such as spouses or dependent children, who wish to join their relatives in Austria.
• Student Residence Permit: Granted to foreign nationals admitted to recognized educational institutions in Austria for full-time study programs.
• Long-Term Resident – EU: Available after at least five continuous years of legal residence in Austria, this status provides greater mobility within the EU and a more secure long-term stay.

How do you get a residence permit in Austria?

How much is a residence permit in Austria?

It’s recommended to prepare around EUR 500–600 to cover application-related expenses.

Here’s a break down of the typical costs associated with this visa:

• Visa D application fee: Approx. EUR 120
• Residence permit issuance fee: EUR 160–200
• Local registration and administrative fees: EUR 15–30
• German language certificate (A1 level): EUR 100–250 (varies by provider)

What are the requirements for tax residency in Austria?

You are considered a tax resident in Austria if:

• You spend more than 183 days in Austria in a calendar year, or
• You have a primary residence (center of life) in Austria

Tax residents are subject to taxation on their worldwide income.

This includes income from foreign pensions, dividends, and immobiliare.

Pros and cons of independent means visa in Austria

Pros:

• No employment requirement – You don’t need to work or establish a business to qualify, making it ideal for retirees and high-net-worth individuals.
• Pathway to long-term stay – After continuous legal residence, you may become eligible for permanent residency and eventually Austrian citizenship.
• High quality of life – Austria offers a stable economy, excellent infrastructure, top-tier healthcare, and a safe living environment.

Cons:

• Limited quotas – Only a fixed number of independent means permits are granted each year, and they fill up quickly, especially in popular regions.
• Language requirement – Even at the A1 level, proving basic German skills can be challenging for some applicants.
• Work restrictions – This visa does not allow employment or running a business, even remotely.
• Strict documentation – Applicants must meet tight financial thresholds and present precise documentation, including health insurance, accommodation proof, and bank statements, all of which are closely scrutinized.

Conclusione

For high-net-worth individuals and retirees, Independent Means Visa in Austria serves as a unique gateway to life in the heart of Europe.

While it comes with administrative hurdles and financial scrutiny, it rewards applicants with long-term residency rights, cultural immersion, and eventual access to EU mobility, without needing to engage in local employment.

As with any residence strategy, early planning and expert guidance are key to success.

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Adam è un autore riconosciuto a livello internazionale in materia finanziaria con oltre 830 milioni di visualizzazioni di risposte su Quora, un libro molto venduto su Amazon e un contributo su Forbes.