Entrepreneurship in Austria

Entrepreneurship in Austria

Entrepreneurship and company registration is the investment branches in Austria. You must register a company in Austria to obtain Austrian residence by entrepreneurship. First of all, you need an innovative, creative, and new business plan that is of interest to the Austrian government, very useful for the Austrian country and people, and profitable for you. This country’s government pays a lot of attention to new jobs and new ideas and cooperates with the unique and creative business founders. This country also includes discounts under special conditions for their taxes.

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Topics reviewed in this article:

• Entrepreneurship in Austria and earning the necessary points
• Entrepreneurship in Austria and required documents
• Entrepreneurship in Austria and the necessary capital
• Entrepreneurship in Austria and taxes
• Entrepreneurship in Austria and receiving a red-white-red card

Entrepreneurship in Austria and earning the necessary points

You need to earn the necessary points to become an entrepreneur and register a company in Austria. You must earn at least 50 points to immigrate to Austria as an entrepreneur.

You can see the necessary points in the table below.

By earning the points mentioned above, you can apply for entrepreneurship and register a company in Austria.

Entrepreneurship in Austria and required documents

You need to prepare the required documents for the Austrian embassy in your country and apply for entrepreneurship.

• Valid passport with at least six months validity
• Photo of 3.5 * 4.5
• Lease documents for your employment place in Austria
• Health insurance
• Evidence of having the necessary assets to afford your life in Austria
• Various educational certificates
• Specific documents and certificates related to the desired job, if any.
• Qualifications in Austria if available
• Language degree
• Available documents from your sponsoring company’s contract in Austria
• Creative business plan
• Construction permit if required

Please note that all documents must be translated into English or German and approved by the Austrian Embassy. You must also provide the original documents.

Entrepreneurship in Austria and the necessary capital

Entrepreneurship, as mentioned above, is an investment method in Austria. You need to register a company and invest. This investment varies according to your activity type. However, the minimum required capital for entrepreneurship in Austria is 50,000 euros, which can be increased according to your activity type, but not less.

Entrepreneurship in Austria and taxes

To be an entrepreneur in Austria, you need to get an economic code and pay taxes. In most countries, you have to pay profit tax on your job. The company registration and entrepreneurship tax in Austria is 25%. For example, if you need to research in your occupational field, a percentage of your tax will be deducted, or under certain conditions, part of the tax on entrepreneurs will be subtracted and forgiven.

Entrepreneurship in Austria and receiving a red-white-red card

You can apply for a Type D visa and reside in Austria if:

• The Austrian government must approve your business plan.
• You have completed the work process.
• All your documents are approved.
• You have completed the registration process for your entrepreneurship company.

 If the application is approved, you will be granted an Austrian red-white-red residence card. This card will be issued in the first stage for two years and will be extendable after two years if you continue your activity. To obtain permanent residence in Austria, you must have lived, worked, and paid taxes in Austria for at least five years. You can also apply for Austrian citizenship after six years. Entrepreneurship in Austria allows you, your family, and your children under 18 to reside in Austria. Your children can study in this country for free, and you can use free health insurance.