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GLOBAL CITIZENSHIP

AUSTRIA

HIGHLIGHTS


Citizenship will be granted to main applicant, as well as his/her spouse and children


No requirement for business background, education history or local language knowledge

SNAPSHOT OF AUSTRIA

WHY CHOOSE AUSTRIA?

LARGE AND STABLE
ECONOMY

Austria is deemed one of the most stable economies in Europe with a high standard of living, featuring a very strong network of export-focused SMEs, excellent academic standards and significant spending for research and development. In 2017 Austria was the fourth richest country within the European Union, having a GDP (PPP) per capita of approximately $52,398, with Luxembourg, Ireland, and the Netherlands leading the list (World Bank).

The service sector dominates the economy, contributing 62.8% of the GDP and employing over two-thirds of the country’s active population. Austria is a mountainous country with one of the largest natural land reserves in central Europe and tourism is an essential pillar of its economy. In 2018, Austria had 44.83 million arrivals, a new record, with a growth of 4.1% compared to 2017.

National debt has been reduced since 2015 to 74.2% of GDP in 2018 and the government plans to bring it down to 71.3% of GDP in 2019 and to 68.1% in 2020. Recording an average inflation rate of 1.8% since the introduction of the euro, Austria has successfully maintained price stability in line with Eurosystem’s definition (2% in 2018 and 2.1% for 2019 and 2020). According to Eurostat, unemployment rates fell to 4.9% in 2018 and are expected to fall to 4.6% in 2019 and to 4.4% in 2020.

High Quality of Life: Education, Healthcare, and Culture

Education is an essential success factor for the social and economic future of a country. The Federal Ministry for Education, the Arts and Culture has competence for the entire educational system of general and vocational schools, from compulsory schooling until completion of secondary level 2 and for all University Colleges of Teacher Education (Pädagogische Hochschulen) in Austria. Adult education and life-long learning are also parts of its responsibilities. The Republic of Austria enjoys a free and public-school system. Nine years of education are mandatory. Schools offer a series of vocational-technical and university tracks that involve one to four additional years of education beyond the minimum mandatory level.

The Austrian healthcare system is characterised by a high density of easily accessible healthcare facilities. Austria has a high standard of compulsory state funded healthcare. Private healthcare is also available in the country. There are three areas of social insurance in Austria: health, accident and pension. The Austrian healthcare system is based on statutory social insurance. In Austria, there are about 28 social insurance institutions under public law. As soon as a person takes up an occupation they are automatically covered by insurance. Insurance contributions are calculated on the basis of a person’s income. All insured people have a legal right to a large number of benefits.

Austria, one of Europe’s most popular holiday destinations, attracts tourists year-round with places to visit in both summer and winter. In fact, with some of Europe’s finest skiing, winter is almost as busy as summer in the spectacular mountain regions. Visitors are drawn as much for the scenic beauty of this Alpine republic’s provinces as they are for splendid cities like Vienna (Wien), the historic capital, and beautiful Salzburg, birthplace of Wolfgang Amadeus Mozart. One of Europe’s smallest countries, Austria is predominantly a nation of upland areas and high mountains, with the Eastern Alps occupying a good 60 percent of its territory. The River Danube flows for about 350 kilometers from west to east through the northern part of the country, adding to its appeal as a tourist destination.

Contact Kylin Prime Family Office for more information on how to create your future in Austria.

Contact Us
United Kingdom

+44 (0) 20 8099 0999


116 Park Street, Park House, London,
W1K 6SS, United Kingdom.


Email: uk@kpfo.com

Luxembourg

+352 (0) 2620 0506


5 Rue de la Boucherie
L-1247 Luxembourg


Email: luxembourg@kpfo.com

Switzerland

+41 (0) 44580 2159


Bahnhofstrasse 21, 6300 Zug,
Switzerland


Email: switzerland@kpfo.com