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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