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How Austria residence permit for financially independent individuals helped young sportsmen reach heights in hockey

Vasili and Ivan were always passionate about hockey, and from their childhood, I knew they would succeed one day. I also knew I had to do everything to make this happen.

When Russian hockey could not give Vasili and Ivan more opportunities to grow, my husband and I agreed to give our sons a chance to play hockey in another country. After careful consideration, we chose Austria as our destination.

To ensure nothing comes our way and ruins our children’s hopes, we addressed Immigrant Invest. Not only did their experts assist in obtaining residence permits for financially independent people, but they also helped us rent a house and even find a suitable hockey team!

Olga, Alexei, and their sons, Vasili and Ivan

Olga, Alexei, and their sons, Vasili and Ivan,

A family from Russia

Clients’ names and photos have been changed

Austria residence permit for FIP

This case was provided by our expert

Zlata Erlach
Zlata Erlach

Head of the Austrian office

How Austria residence permit for financially independent individuals helped young sportsmen reach heights in hockey

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Individual cost calculation for residency in Austria

Individual cost calculation for residency in Austria

How the family obtained residence permits in Austria

The process of becoming Austrian residents took five and a half months. Alexei did not participate, and Olga acted as the main applicant. Immigrant Invest experts accompanied her throughout the entire process. 

The lawyers filed the application for Austrian residence permits right after New Year's to obtain three quotas for all family members.

1

October 16th, 2017

Preliminary Due Diligence

Immigrant Invest experts conducted a thorough background check to determine the applicants' eligibility for the residence permit. This step ensured no surprises could delay or complicate the application.

After the successful check, lawyers signed a contract with Olga.

2

+ 3 weeks

Documents preparation

Lawyers provided Olga with the required documents. The list included:

  • international passports — for all applicants;

  • birth certificates — for children;

  • marriage certificate — for Olga;

  • police clearance certificate — for Olga;

  • property ownership certificate;

  • photos — for all applicants;

  • German language certificate — for Olga;

  • proof of financial solvency.

To prove financial solvency, Olga, with the help of Immigrant Invest, opened a bank account in an Austrian bank and transferred €80,000 there.

Immigrant Invest lawyers legalised all the documents and arranged translations of papers to German when all the documents were collected.

3

+ 2 weeks

Rental of of real estate

Immigrant Invest specialists provided applicants with suitable property options and arranged meetings with real estate owners. When Olga and Alexei chose a suitable apartment, lawyers checked that it had a clear title.

4

+ 1 week

Purchase of health insurance

Immigrant Invest provided the Austrian insurance agent with all family members' initial details, including birth dates, height, weight, and existing medical conditions. The health insurance contracts were concluded for three years.

5

+ 5 weeks

Application for residence permits in Austria

The family already had residence permits in Greece obtained through real estate investment, so they did not need to apply for Schengen visas to enter Austria. They could travel to the country and file their applications in person. They chose to do this in Vöcklabruck, Austria.

Lawyers booked an appointment at the town’s administration for January 2nd to ensure the application was filed as early as possible.

On the scheduled date, Olga and her sons submitted their documents and had their fingerprints taken.

6

+ 3 months

Quota allocation

Once the application was submitted, it was placed in the queue for quota allocation. Approval depends on the availability of these quotas, so timely submission and complete documentation were crucial.

7

April 5th, 2018

Residence permits collection

After the quotas were allocated, Olga, Vasili, and Ivan became eligible for residence permit cards. The family collected their cards from the Municipal Department of Immigration and Citizenship in Austria.

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