Requirements under the Program
- establish a company in order to develop and launch on the market innovative products, services, processing methods or technologies
- submit a business plan for establishing and running that company
- personally, exert controlling influence on the management of the newly set-up company
- provide capital for the company to be founded amounting to € 50.000 minimum with an equity share of at least 50 %
As a foreign national you can apply for a Red-White-Red Card (Residency Permit) for start-up founders if you:
Benefits of Austria Red-white-red Card Program For Start-up Founders
The Red-White-Red Card is issued for maximum of two years. Subsequently a Red-White-Red Card plus, can be applied.
The Austrian visa gives permanent residency after 5 years of the program.
Austrian passport ranked at 5th gives a visa-free access to all Europe’s Schengen Area states.
Austria is one of most beautiful countries with attractive lifestyle and healthy environment.
It provides for an excellent transportation and communications services with most of the Europe’s capital cities nearby.
An ideal combination of economic stability, a clean and safe environment, and an excellent infrastructure makes the country an outstanding place of residence.
The country has a high standard of living. Vienna (the capital of Austria) ranks amongst the highest standards in living across the globe.
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