Start-up Founders Visa via Red White Red Card

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Austria
About
Requirements
Cost of Living
Expats

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

92

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P. RESIDENCY

24 Month(s)

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COMPLEXITY

Medium

Eligibility Requirements

5 Eligibility Requirements for Start-up Founders Visa via Red White Red Card

  • 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.

Document Requirements

15 Document Required for Start-up Founders Visa via Red White Red Card

  • 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).

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