Start-up Founders Visa via Red White Red Card

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Austria

About

Requirements

Cost of Living

Expats

Talent Migration

About

As a third-country national you can apply for a Red-White-Red Card for start-up founders, if you:

establish a company in order to develop and launch on the market innovative products, services, processing methods or technologies
submit a consistent business plan for establishing and running that company
personally exert controlling influence on the management of the newly set-up company
prove capital for the company to be founded amounting to minimum € 50.000 with an equity share of at least 50 %
can score 50 points minimum according to the following criteria

As a start-up founder you will be awarded a Red-White-Red Card for the first two years, and subsequently a Red-White-Red Card plus, provided that all legal requirements are met. The Red-White-Red Card plus entitles you to fixed-term settlement and unlimited labour market access (self-employment and gainful employment not limited to a specific employer).

The Red-White-Red Card is issued in the shape of a bank card and is a combination of residence permit and employment permit.

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Duration

24 month

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Citizenship

60 Month(s)

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Fees

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P. Residency

24 Month(s)

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Processing time

3 weeks

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COMPLEXITY

Medium

What are eligibility requirements for the Start-up Founders Visa via Red White Red Card?

5 Eligibility Requirements

You must establish a company in order to develop and launch on the market innovative products, services, processing methods or technologies.
You must submit a consistent business plan for establishing and running that company.
You must personally exert controlling influence on the management of the newly set-up company.
You must prove the capital for the company to be founded amounting to €50.000 minimum with an equity share of at least 50%.
You must score 50 points minimum according criteria based on education, past experiences, language skills and additional investments.

Which documents do I need to apply for the Start-up Founders Visa via Red White Red Card?

15 Document Required

Valid travel document (e.g. passport).
Birth certificate or similar document acknowledged by the Austrian authorities.
Photo (dimensions: 45x35mm) not older than 6 months.
Evidence of locally accommodation (e.g. lease contracts, preliminary agreement on tenancy rights or ownership evidence).
Evidence of health insurance covering all risks (compulsory health insurance or equivalent insurance policy).
Evidence of adequate means of subsistence (payslips, pay certificates, employment contracts, insurance benefit certificates, evidence of retirement or other pension or insurance benefits, investment capital or sufficient own assets).
Evidence of special know-how or skills (testimonial or training report and work certificate) (if applicable).
Evidence of a completed programme of a minimum duration of three years at an institution of tertiary education (as applicable).
Evidence of a completed diploma programme or Bachelor’s, Master’s or Doctor’s degree (as applicable).
Evidence of investment capital including available equity.
Evidence of admission to a business incubator or funding by a start-up funding agency in Austria a contract with the relevant institution.
A business plan and documents as evidence of the innovation of products, services, processing methods and technologies.
Evidence of controlling influence on the management of the newly set-up company the articles of association of the company, except for one-person companies.
Evidence of the qualification necessary for the self-employed professional action.
Craft authorisations (Gewerbeberechtigungen), where necessary (if already available).

Talent Migration data for Austria

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

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