Austria Financially Independent
Austria
Residency
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See if you're a match →This residence pathway is for financially self-supporting applicants who want to live in Austria without relying on local employment. It generally requires stable passive income or savings, health coverage where required, and standard background checks.
- Type
- Self-funded residence
- Income profile
- People who can support themselves without a local job
- Core requirements
- Stable income or savings plus insurance where required
- Work limits
- Income thresholds and no-work rules can be strict
Summary
Austria's settlement permit except gainful employment is for financially independent third-country nationals who want to settle in Austria without working. It can fit retirees and people living from pensions, investment income, foreign company profits, or assets.
The route is quota-limited. Even if the applicant meets the financial and general residence requirements, an annual quota place must be available.
Eligibility
- You are a third-country national
- You want to live in Austria for more than six months
- You will not work in Austria, either employed or self-employed
- You can prove income or assets above the required reference level
- You have health-insurance coverage that is valid in Austria.
- You have legal title to suitable local accommodation, such as a lease or ownership evidence.
- Your stay does not raise a public-order or security concern.
- A quota place is available
What This Route Allows
This route can allow you to live in Austria if you can support yourself through retirement income, passive income, savings, or other accepted funds. It is generally designed for people who will not rely on local employment.
What This Route Is Not
This is not a work visa. These routes usually focus on proving stable support from outside local employment and may restrict work in the country.
Key Documents
- Passport
- Proof of income or assets
- Pension, investment, business-profit, or bank evidence
- Health insurance
- Proof of accommodation
- Civil status documents if applying with family
- Criminal record certificate if requested
Next Steps
- Confirm you are comfortable not working in Austria on this permit.
- Check the current income/reference amounts.
- Confirm quota availability and timing with the Austrian representation or competent authority.
- Prepare income, assets, health insurance, and accommodation evidence.
- File the initial application as instructed by the Austrian authority.