Wolf Theiss Private Client Guide: Relocating to Austria for High Net Worth Individuals

Economic and political stability, a clean and safe environment, excellent infrastructure, famous skiing resorts, good schools and a reliable healthcare system, make Austria one of the most attractive countries in the world to live in.

While Austria admittedly has high income tax rates, the fact that no wealth, gift and inheritance taxes are levied is often a reason for high net worth individuals to consider relocating to Austria. Vienna in particular is attractive for wealthy individuals. For many years in a row it has ranked highest for quality of living in a worldwide study conducted by the HR consultancy Mercer. In addition, real estate in Vienna is in general much more affordable than in similar European cities such as Zurich or Munich.

However, relocating to another country is always complex and entails many different legal issues. We hope that this guide will be of interest to individuals and families considering relocating to Austria and will help them make an informed decision.