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Austria · Work visa
Red-White-Red Card - Start-up Founders
- Processing
- 8-12 weeks
- Cost
- From €160
- Validity
- 24 months
Points-based route for non-EU founders building an innovative company in Austria. Assessed on the strength of the business concept and committed capital.
Requirements
- Plan to establish a company offering innovative products, services or methods
- Investment transfer of at least EUR 30,000, of which at least 50% must be equity capital
- At least 50 of 85 points for qualification, experience, language and business plan
- A viable business plan and personal involvement in company management
Time and cost
- Processing time
- 8-12 weeks
- Validity
- 24 months
- Cost
From €160
Required
- About €160 application, issuance and card fees
- The committed investment of EUR 30,000 or more comes on top of the fees
- Path to residency
- Red-White-Red Card Plus after 24 months if the growth conditions are met; permanent settlement after 5 years
Documents
Valid passport
Valid for the intended stay
Business plan
Detailing the innovative venture and funding
Proof of capital
Evidence of at least EUR 30,000, with 50%+ equity
Qualification and experience records
Supporting the points claimed
Health insurance
Covering all risks in Austria
Tips
- The plan must introduce something new; a copy of an existing offer is unlikely to qualify
- To convert to a Red-White-Red Card Plus after 2 years, show turnover of at least EUR 200,000 or secured financing of at least EUR 100,000
- Backing from an Austrian incubator or accelerator strengthens the case