Residence in Austria

According to Mercer Quality of Living Survey Vienna has the highest quality of living in the world. The city is ranked number ONE for the last decade. This overall rating includes safety, convenience, location, job market and other important for everyday life criterion.

Austria is one of the most ecological countries in Europe. The quality of its water is world-famous i.e. you can drink the water from the tap. On the other hand, the same rules apply to all vehicles i.e. Austria has special CO2 taxation and favorable conditions for buyers of electric vehicles.

The country supports and funds the sources of alternative power, to make the country as green as possible.

The medical care in Austria is free of charge. All residence must have public insurance, which gives them free medical care in Austria and outside of the country. The insurance covers all the costs, including the costs of medications, independent of its costs.

The system of medical care in Austria is one of the best in the world.

Education, be it a secondary, high or higher education, is being covered by the Austrian government. An interesting fact is, the tuition fees of international students are being sponsored by the government as well. Although the country does not promote its education, students from over 180 countries are studying in Austria.

The university admission requirement is A2 level in German and a high school diploma with a transcript.

The unemployment rate in Austria is the lowest in Europe. The social system and job safety are second to none. Even if you lose the job, the state is paying at least 80% of your original salary until you find a new job. The re-qualification costs are being covered by the government as well.

The country promotes and offers a number of tax relief initiatives for startups. Encouraging your professionals and businessmen to start their own companies.

Ten years of legal stay in Austria entitles you to apply for an Austria citizenship, which is one of the most powerful passports in the world. It gives its holders the possibility to travel to over 185 countries in the world without a visa.

Supporting a family is one of the main priorities in Austria. The government supports families financially, offers free kindergartens, secondary, high and higher education. Families with kids are supported by employers as well. Parents enjoy paid parental vacations and special allowances from the state for each child.

The laws of Austria are centered around families and children. Austria is the most social country in Europe i.e. no family is left without support or money. Even in the worst-case scenario, a family would be provided a place to live and financial support. At the same time, the rights of each parent are being equally guarded by independent courts.

Austrian banks are considered the most stable in the world. The savings are insured and protected by the government. When buying a property, banks offer special low-interest-rate conditions. These measures are part of the government policy to support families when buying a property.

The interest rate as of 2019 is 1% only i.e. it is cheaper to have a loan from a bank than to buy a property on the spot.

Being a resident in Austria you can apply for social living. A special initiative, offered by the Austrian government, to support a family with buying or renting a property, with a buyout option. The government builds affordable and subsidized homes for residents. The project is being implemented from the 50s of the 20th century and is considered to be a huge success in Europe.

There are literally no homeless people in Austria.