Passive Income

Settlement Permit Excluding Gainful Employment

💰 Minimum Income
€2,617
per month
Twice the ASVG §293 reference rates (2026): EUR 2,616.78/month for single persons, EUR 4,128.24/month for couples, plus EUR 403.76/month per child. Income must come from own sources such as pensions, foreign business profits, investment returns, or rental income; social welfare benefits are excluded.
⏱️ Duration
Initially 12 months; first renewal 12 months; subsequent renewals 3 years (subject to integration and other conditions). EU long-term residence permit available after 5 years.
👪 Dependants
Yes
Spouse/registered partner and minor unmarried children may apply for the same type of settlement permit. Each family member requires a separate quota place from the same annual allocation and must independently meet all general issuance requirements (health insurance, accommodation, language). Income threshold for couples is EUR 4,128.24/month plus EUR 403.76 per child (2026 rates).
🛂 Citizenship Path
Yes — after 10 years
After 5 years of continuous lawful residence, holders may apply for Daueraufenthalt – EU (Long-Term Resident – EU) upon completing Module 2 of the Integration Agreement (German B1). After 10 years of continuous legal residence (minimum 5 years with a residence permit), holders may apply for Austrian citizenship by naturalisation.

The Settlement Permit Excluding Gainful Employment (Niederlassungsbewilligung – ausgenommen Erwerbstätigkeit) is Austria's residence permit for financially independent third-country nationals — commonly referred to as Privatiers — who wish to settle in Austria without engaging in any form of work. It targets retirees, pensioners, and individuals living on investment income, rental income, or other passive sources. The permit is established under §44 of the Settlement and Residence Act (NAG) and operates under Austria's strict annual quota system; the Niederlassungsverordnung 2026 allocates 450 places nationwide for Privatiers (principal applicants and quota-bound family members combined), making availability limited and competitive.

Requirements
  • Fixed and regular monthly passive income of at least twice the ASVG §293 reference rates (2026: EUR 2,616.78/month for single persons; EUR 4,128.24/month for couples; plus EUR 403.76/month per child)
  • Income must come from own sources: pensions, investment returns, rental income, or foreign business profits
  • Social welfare benefits do not count toward the income requirement
  • Comprehensive health insurance covering all risks in Austria (travel insurance is not sufficient)
  • Proof of accommodation considered adequate for the applicant's family size according to local standards
  • German language skills at A1 level at the time of initial application
  • Clean criminal record (certificate not older than 3 months)
  • Must not intend to engage in any employment or self-employment
Required Documents
  • Valid passport and biometric photograph (45×35 mm, not older than 6 months)
  • Proof of accommodation (lease agreement or property deed adequate for family size)
  • Proof of passive income (pension statements, bank statements, investment portfolio documentation)
  • Health insurance certificate covering all risks in Austria
  • Criminal record certificate (not older than 3 months)
  • German language certificate at A1 level
  • Birth certificate; marriage certificate if applicable
  • All foreign-language documents require court-certified translations with apostille where required
Duration & Renewal

The permit is initially issued for 12 months. The first renewal is also for 12 months. Subsequent renewals are for 3 years, provided the holder has completed Module 1 of the Integration Agreement (German A2), maintained continuous lawful residence for at least 2 years, and holds a passport valid for 3+ years.

Renewal applications must be submitted before the current permit expires (earliest 3 months prior) at the competent provincial settlement authority and are not quota-dependent. After 5 years of continuous lawful residence, holders may apply for the EU Long-Term Resident permit (Daueraufenthalt – EU) upon completing Module 2 of the Integration Agreement (German B1). Austrian citizenship by naturalisation is possible after 10 years of continuous legal residence.

Family Members

Spouses/registered partners and minor unmarried children may each apply for their own Niederlassungsbewilligung – ausgenommen Erwerbstätigkeit. Each family member requires a separate quota place from the same annual allocation, increasing competition for limited spots. Family members must independently satisfy all general issuance requirements: health insurance, adequate accommodation (assessed for the total household size), income contribution, and background checks. Family members file via the same embassy/consulate process simultaneously or subsequently.

Tax Implications

Holders who establish domicile or habitual residence in Austria (or reside for 6+ months) become unlimited tax residents and are subject to Austrian income tax on worldwide income. Austria maintains an extensive network of double taxation agreements to prevent double taxation. Tax residents must file an annual income tax return (Einkommensteuererklärung) with the local tax office (Finanzamt).

Application Process

The process begins with the annual pre-registration window, typically held in November for the following year's quota (e.g., 3–9 November 2025 for 2026 places). Applicants register online through the Austrian embassy or consulate responsible for their place of residence and receive a reservation code. They then book an in-person appointment at the embassy/consulate during the appointment window (e.g., 1–8 December 2025) and submit all required documents in person.

The embassy verifies completeness and forwards the application to the competent provincial settlement authority in Austria. Quota places are distributed on a first-come, first-served basis by application submission date each January. The authority must decide within 6 months of receiving a complete application. Upon approval, the applicant must request an entry visa within 3 months of notification (if not visa-exempt) and collect the residence permit card from the settlement authority within 6 months of notification.

The application fee is EUR 218 (as of 1 January 2026). Upon arrival in Austria, the holder must register their place of residence with the local registration office (Meldeamt) within 3 days of moving in.

Local Obligations

Module 1 of the Integration Agreement must be completed within 2 years of initial permit issuance, requiring German language skills at A2 level and knowledge of fundamental Austrian democratic values. Failure to complete Module 1 within the deadline may result in non-renewal. Holders must register and update their address with the local Meldeamt and maintain valid health insurance throughout their stay.

Practical Considerations
  • The annual quota is the primary constraint — once exhausted, no further permits can be issued until the following year regardless of the applicant's qualifications
  • The pre-registration window is typically only one week per year
  • Applicants must apply from abroad at the Austrian embassy/consulate responsible for their place of residence — applying at a different embassy is generally not possible
  • The A1 German language requirement applies at the time of initial application, so applicants must obtain certification before submitting
  • Income from employment is not relevant — the permit prohibits working, and income must derive from passive or non-Austrian sources

Other Visa Programs in Europe

Country
Program
Income
Investment
Funds Required
Capital Required
Duration
Dependants
Citizenship
Compare
🇦🇱 Albania
Residence Permit for Pensioners
ALL 120,000 / month
1 year
Yes
Yes (7yr)
🇦🇱 Albania
Residence Permit for Real Estate Owners
No minimum investment amo...
1 year
Yes
Yes (7yr)
🇦🇱 Albania
Unique Permit for Digital Mobile Workers
No explicit statutory min...
1 year — 5 years
Yes
Yes (7yr)
🇦🇱 Albania
Unique Permit for Investors
ALL 10,000,000 one-time
2 years — 3 years
Yes
Yes (7yr)
🇦🇩 Andorra
Digital Nomad Residence Permit
€4,342 / month
2 years
Yes
🇦🇩 Andorra
Entrepreneur Residence Permit
1 year
Yes
🇦🇩 Andorra
Residence for Scientific, Cultural and Sporting Interest
€54,912 / year
2 years — 10 years
Yes
Yes
🇦🇩 Andorra
Residence Without Lucrative Activity
€1,000,000 one-time
2 years — 10 years
Yes
Yes
🇦🇹 Austria
Job Seeker Visa (Red-White-Red Card)
Must prove sufficient fun...
6 months
No
🇦🇹 Austria
Red-White-Red Card for Start-up Founders
€30,000 one-time
2 years — Permanent
Yes
Yes (10yr)
🇦🇹 Austria
Settlement Permit — Artist
€1,309 / month
1 year — Permanent
Yes
🇦🇹 Austria
Settlement Permit Excluding Gainful Employment
€2,617 / month
1 year — Permanent
Yes
Yes (10yr)
🇧🇾 Belarus
Hi-Tech Park Resident
No minimum capital invest...
1 year
Yes
🇧🇾 Belarus
Investor Permanent Residence Permit
$202,000 one-time
Permanent
Yes
Yes
🇧🇪 Belgium
Professional Card for Entrepreneur
€22,838 one-time
2 years — 5 years
Yes
Yes (5yr)
🇧🇪 Belgium
Rentier Residence Permit
€1,340 / month
1 year
Yes
Yes (10yr)
🇧🇬 Bulgaria
Continuous Residence Permit for Pensioners
€620 / month
1 year
Yes
Yes (5yr)
🇧🇬 Bulgaria
Digital Nomad Residence Permit
€31,010 / year
1 year — 2 years
Yes
No
🇧🇬 Bulgaria
Investor Residence Permit
€512,000 one-time
1 year — Permanent
Yes
Yes (5yr)
🇧🇬 Bulgaria
Startup Visa
€1,860 one-time
1 year — 3 years
Yes
🇭🇷 Croatia
Temporary Stay for Other Purposes (Property Ownership)
€869 / month
1 year
Yes
No
🇭🇷 Croatia
Temporary Stay of Digital Nomads
€3,623 / month
1 month — 18 months
Yes
🇨🇾 Cyprus
Category D Immigration Permit
Permanent
Yes
Yes
🇨🇾 Cyprus
Category F Immigration Permit
€798 / month
Permanent
Yes
Yes (7yr)
🇨🇾 Cyprus
Digital Nomad Visa
€3,500 / month
1 year — 3 years
Yes
No
🇨🇾 Cyprus
Permanent Residence Permit for Investors
€300,000 one-time
Permanent
Yes
Yes (7yr)
🇨🇾 Cyprus
Startup Visa
€20,000 one-time
3 years — 5 years
Yes
🇨🇿 Czech Republic
Digital Nomad Program
CZK 69,248 / month
1 year — 3 years
Yes
🇨🇿 Czech Republic
Long-Term Residence Permit for the Purpose of Investment
CZK 75,000,000 one-time
2 years
Yes
Yes (5yr)
🇩🇰 Denmark
Start-up Denmark
DKK 153,240 one-time
2 years — 5 years
Yes
Yes (8yr)
🇪🇪 Estonia
Digital Nomad Visa
€4,500 / month
90 days — 1 year
Yes
No
🇪🇪 Estonia
Residence Permit for Major Investor
€1,000,000 one-time
5 years — 10 years
Yes
🇪🇪 Estonia
Startup Visa
€880 / month
1 year — 5 years
Yes
Yes (8yr)
🇫🇮 Finland
Residence Permit for Work in Culture or Arts
€1,463 / month
1 year — 4 years
Yes
🇫🇮 Finland
Startup Residence Permit
No fixed capital requirem...
2 years — 4 years
Yes
Yes (6yr)
🇫🇷 France
Carte de Séjour Temporaire Visiteur
€17,317 / year
1 year
Yes
Yes (5yr)
🇫🇷 France
Talent Porteur de Projet — Business Creation
€30,000 one-time
4 years
Yes
🇫🇷 France
Talent Porteur de Projet — Direct Economic Investment
€300,000 one-time
4 years
Yes
🇫🇷 France
Talent Porteur de Projet — Innovative Economic Project (French Tech Visa)
No minimum investment req...
4 years
Yes
🇫🇷 France
Talent — Artistic and Cultural Profession
€15,313 / year
4 years
Yes
Yes (5yr)
🇫🇷 France
Talent — International Reputation
4 years
Yes
Yes (5yr)
🇩🇪 Germany
Opportunity Card (Chancenkarte)
Must prove sufficient fun...
1 year
No
🇩🇪 Germany
Freelance Residence Permit
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Residence Permit for Financially Independent Persons
1 year — 3 years
Yes
Yes (5yr)
🇩🇪 Germany
Self-Employment Residence Permit for Business Founders
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Settlement Permit for Highly Qualified Professionals
Permanent
Yes
Yes (5yr)
🇬🇷 Greece
Digital Nomad Visa
€3,500 / month
1 year — 2 years
Yes
Yes
🇬🇷 Greece
Golden Visa (Permanent Residence Permit for Investor)
€400,000 one-time
5 years — Permanent
Yes
Yes (7yr)
🇬🇷 Greece
Residence Permit for Financially Independent Persons
€3,500 / month
3 years — Permanent
Yes
Yes (5yr)
🇬🇷 Greece
Talent Visa
1 year
Yes
Yes (7yr)
🇬🇬 Guernsey
Guernsey Entrepreneur Visa
£200,000 one-time
2 years — 5 years
Yes
Yes
🇬🇬 Guernsey
Guernsey Investor Visa
£1,000,000 one-time
2 years — 5 years
Yes
Yes
🇭🇺 Hungary
Guest Investor Residence Permit
€250,000 one-time
10 years
Yes
Yes
🇭🇺 Hungary
Guest Self-Employment Residence Permit
No fixed capital requirem...
1 year — 3 years
Yes
Yes
🇭🇺 Hungary
White Card
€3,000 / month
1 year — 2 years
No
🇮🇸 Iceland
Long-Term Visa for Remote Work
ISK 1,000,000 / month
90 days — 180 days
Yes
No
🇮🇪 Ireland
Stamp 0 (Person of Independent Means)
€50,000 / year
1 year
No
No
🇮🇪 Ireland
Start-Up Entrepreneur Programme (STEP)
€50,000 one-time
2 years — 5 years
Yes
Yes (5yr)
🇮🇲 Isle of Man
Innovator Visa
£50,000 one-time
3 years — Permanent
Yes
Yes
🇮🇲 Isle of Man
Start-Up Visa
£945 one-time
2 years
Yes
No
🇮🇹 Italy
Digital Nomad Visa
€24,789 / year
1 year
Yes
Yes (5yr)
🇮🇹 Italy
Elective Residence Visa
€32,000 / year
1 year — 2 years
Yes
Yes (10yr)
🇮🇹 Italy
Investor Visa for Italy
€250,000 one-time
2 years — 3 years
Yes
Yes (10yr)
🇮🇹 Italy
Italia Startup Visa
€50,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇯🇪 Jersey
High Value Residency Programme
£3,500,000 one-time
Permanent
Yes
Yes
🇽🇰 Kosovo
Self-Employment Work Permit
No fixed minimum capital....
1 year — 5 years
Yes
🇱🇻 Latvia
Investor Residence Permit
€50,000 one-time
5 years
Yes
Yes
🇱🇻 Latvia
Long-Stay Visa for Remote Work
€4,213 / month
1 year — 2 years
No
Yes
🇱🇻 Latvia
Startup Visa
€2,800 one-time
3 years
Yes
Yes
🇱🇻 Latvia
Temporary Residence Permit for Pensioners
€1,231 / month
5 years
Yes
🇱🇮 Liechtenstein
Residence Permit Without Gainful Employment
CHF 100,000 / year
1 year
Yes
Yes
🇱🇹 Lithuania
Startup Visa
€1,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇱🇺 Luxembourg
Investor Residence Permit
€500,000 one-time
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Job Seeker Authorisation
Must prove sufficient res...
9 months
No
🇱🇺 Luxembourg
Residence Permit for Private Reasons
€2,704 / month
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Self-Employed Worker Residence Permit
No fixed minimum — adequa...
3 years — 5 years
Yes
🇲🇹 Malta
Global Residence Programme
€15,000 / year
1 year — Permanent
Yes
Yes
🇲🇹 Malta
Malta Permanent Residence Programme
€68,000 one-time
Permanent
Yes
Yes (5yr)
🇲🇹 Malta
Malta Retirement Programme
€7,500 / year
1 year — Permanent
Yes
No
🇲🇹 Malta
Nomad Residence Permit
€42,000 / year
1 year — 4 years
Yes
No
🇲🇹 Malta
Startup Residence Programme
€25,000 one-time
3 years — 8 years
Yes
Yes (5yr)
🇲🇹 Malta
The Residence Programme
€15,000 / year
1 year — Permanent
Yes
Yes
🇲🇹 Malta
United Nations Pensions Programme
€10,000 / year
1 year — Permanent
Yes
Yes
🇲🇩 Moldova
Digital Nomad Visa
€2,535 / month
2 years
Yes
Yes
🇲🇩 Moldova
Investment Residence Permit
€27,000 one-time
2 years — 8 years
Yes
Yes (8yr)
🇲🇨 Monaco
Residence Permit for Persons Without Professional Activity
No fixed minimum. Applica...
1 year — Permanent
Yes
Yes (10yr)
🇲🇪 Montenegro
Digital Nomad Residence Permit
€2,010 / month
2 years — 4 years
Yes
Yes
🇲🇪 Montenegro
Temporary Residence and Work Permit for Entrepreneurs
No minimum capital requir...
1 year
Yes
Yes (10yr)
🇲🇪 Montenegro
Temporary Residence Permit for Property Owners
€150,000 one-time
1 year
Yes
Yes
🇳🇱 Netherlands
Orientation Year Residence Permit
1 year
Yes
🇳🇱 Netherlands
Startup Residence Permit
€1,735 / month
1 year
Yes
Yes (5yr)
🇲🇰 North Macedonia
Personal Work Permit for Self-Employment
No fixed minimum; must de...
1 year — 3 years
Yes
Yes (8yr)
🇳🇴 Norway
Self-Employment Residence Permit
No fixed capital requirem...
1 year
Yes
🇵🇹 Portugal
D7 Passive Income Visa
€920 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
D8 Digital Nomad Visa
€3,680 / month
1 year
Yes
Yes (10yr)
🇵🇹 Portugal
Digital Nomad Residence Permit
€3,680 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Golden Visa
€500,000 one-time
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Job Seeker Visa
€760 / month
120 days — 180 days
No
🇵🇹 Portugal
Residence Permit for Highly Qualified Activity
€2,157 / month
2 years — Permanent
Yes
Yes (7yr)
🇵🇹 Portugal
StartUP Visa
€6,446 one-time
2 years — Permanent
Yes
Yes (5yr)
🇷🇴 Romania
Digital Nomad Visa
€5,650 / month
6 months — 1 year
No
🇷🇴 Romania
Long-Stay Visa for Commercial Activities
€100,000 one-time
1 year — 3 years
Yes
🇷🇺 Russia
Impatriation Residence Permit
3 years — Permanent
Yes
Yes
🇷🇺 Russia
Investor Residence Permit
RUB 15,000,000 one-time
Permanent
Yes
Yes (5yr)
🇸🇲 San Marino
Atypical Residence for Pensioners
€120,000 / year
10 years — Permanent
Yes
🇸🇲 San Marino
Elective Residence
€500,000 one-time
10 years — Permanent
Yes
Yes (30yr)
🇸🇲 San Marino
High-Tech Startup Residence
€1 one-time
1 year — Permanent
Yes
🇷🇸 Serbia
Investor Temporary Residence Permit
€50,000 one-time
6 months — 3 years
Yes
Yes
🇷🇸 Serbia
Property Ownership Temporary Residence Permit
Ownership of residential ...
3 years
Yes
Yes
🇷🇸 Serbia
Startup Temporary Residence Permit
1 year — 3 years
Yes
🇷🇸 Serbia
Talent Temporary Residence Permit
1 year — 3 years
Yes
🇸🇰 Slovakia
Temporary Residence for Business Purpose
€28,413 one-time
3 years
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Digital Nomads
€3,222 / month
1 year
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Other Justified Reasons
€494 / month
1 year
Yes
Yes (10yr)
🇪🇸 Spain
Entrepreneur Visa
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
International Telework Visa
€2,849 / month
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
Non-Lucrative Residence Visa
€2,400 / month
1 year — 2 years
Yes
Yes (10yr)
🇸🇪 Sweden
Residence Permit for Job Seeking
Must prove sufficient fun...
9 months — 1 year
Yes
🇸🇪 Sweden
Residence Permit for Highly Qualified Persons
9 months
No
🇸🇪 Sweden
Self-Employment Residence Permit
SEK 200,000 one-time
1 year — 2 years
Yes
🇨🇭 Switzerland
Residence Permit Without Gainful Employment
CHF 25,200 / year
1 year — 5 years
Yes
Yes (10yr)
🇺🇦 Ukraine
Immigration Permit for Highly Qualified IT Specialists
Permanent
Yes
Yes (5yr)
🇺🇦 Ukraine
Immigration Permit for Investors
$100,000 one-time
Permanent
Yes
Yes
🇺🇦 Ukraine
Temporary Residence Permit for Investors
€100,000 one-time
2 years
No
🇬🇧 United Kingdom
Global Talent Visa
1 year — 5 years
Yes
Yes (4yr)
🇬🇧 United Kingdom
High Potential Individual Visa
2 years — 3 years
Yes
🇬🇧 United Kingdom
Innovator Founder Visa
No minimum investment req...
3 years — Permanent
Yes
Yes (4yr)