AUSTRIA PRIVATE FOUNDATIONS

The Republic of Austria offers one of the highest living standards in the world. It is one of the smallest countries in Europe but it has a world class capital, Vienna, rich with cultural and historic heritage. It is the only EU country beside Slovakia with an established practice of offering citizenship and a passport to substantial investors without prior residence requirements on the basis of investment in the country.

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Some advantages include:

  • Possibility of establishing residence as a person of independent means
  • Austrian residence permit gives visa-free access to all Schengen States
  • There is no need to spend any particular time actually residing in Austria
  • Citizenship may be available after 10 years of residence
  • Citizenship-by-investment possible without prior residence for substantial investors
  • Attractive lifestyle and healthy environment
  • Excellent transport and communications

The legal framework of an Austrian private foundation is regulated in the Private Foundation Act (PSG) 1993. The Austrian private foundation is a legal person. Its structure is characterised by having no shareholder or proprietor but having no beneficiaries instead. The foundation must be domiciled in Austria and entered into the Commercial register.

Initiate a Private Foundation Enquiry