Austria Approves 3,200 Red-White-Red Card Applications in Q1 2024

Written by

Sunaina Malik

Fact check by

Afreen Abbasi

Updated on

Jul 25,2024

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Highly notably, Austria reports that the number of applications approved for the Red-White-Red Card surpassed 3,200 highs in the first quarter of 2024. This figure shows that Austria continues to improve efforts to bring in skilled workers from every corner of the world, with a 35% increase compared to the first quarter of 2023.

The Red-White-Red Card: What Is It?

A Red-White-Red Card is granted for dual residency and employment in Austria. It gives its holder the ability to live in Austria for two years. It has long been the most crucial component in supplying Austria with skilled workers and conveniently integrating foreigners into the Austrian job market. 

An Unprecedented First Quarter

Important Points

  • 3,200 applications were granted which is a whopping 35% growth compared to last year.

  •  However, these numbers also reflect the growth potential. According to Martin Kocher (ÖVP), Austria’s labour minister, the new count might reach 10,000 by the end of 2024. 

  • The economic impact of this number lies in the fact that the economy is seeing a substantial improvement as more competent workers are introduced to the Austrian market, and the issue of labour shortages dwindles. 

Federal Provinces

An overview of unemployment numbers and the Austrian region's economic situation must be provided to understand the broader picture.

 

Federal Province

Unemployed Total

Unemployed Men

Unemployed Women

Unemployment Rate Total (%)

Unemployment Rate Men (%)

Unemployment Rate Women (%)

Austria

240,900

133,200

107,600

5.1

5.3

4.9

Burgenland

7,700

4,000

3,700

5.2

5.1

5.3

Carinthia

12,400

7,000

5,400

4.5

4.8

4.2

Lower Austria

37,700

19,500

18,200

4.3

4.2

4.4

Upper Austria

28,100

16,000

12,100

3.5

3.7

3.2

Salzburg

9,000

4,400

4,600

3.0

2.8

3.2

Styria

27,900

15,900

11,900

4.3

4.6

3.9

Tyrol

12,700

6,600

6,100

3.1

3.1

3.1

Vorarlberg

7,300

3,800

3,500

3.4

3.3

3.5

Vienna

98,000

56,000

42,000

9.6

10.3

8.8

 

Motivating Factors for the Increase

The increase in Red-White-Red Card applications can be attributed to many factors:

1. Revisions in the Policy 

The new revisions that were introduced on October 1, 2022, in order to expedite and simplify the process, have made the application procedure much faster and easier.

2. Economic Needs 

There is a severe scarcity of trained labour in the Austrian economy, especially in technology and healthcare.

3. Strategic initiatives

The result of several changes in immigration and incentives has been the increase in applications, as is evident, and success in luring talent from around the globe.

Prospects for the Future

According to the prediction by Minister Kocher, the trend is going to continue upward, favouring the situation until it reaches 10,000 by the end of 2024. The influx of qualified workers will no doubt decrease some very acute labour shortages and contribute to the economic expansion of Austria.

Effects on the Economy of Austria

The following are probably going to be the effects of the increase in approvals of Red-White-Red Cards:

  • Economic growth due to increased productivity and innovation

  • Stability in the labour market

  • Cultural diversity enriches society

Conclusion

The turning point in this would be the successful approval of 3,200 Red-White-Red Card applications in the first quarter of 2024 by the immigration policy of Austria. The country has shown purposeful attempts to attract talent worldwide. At the same time, it reflects the key role played by immigrant talent in incubating innovation and economic success. In light of forecasts, Austria continues to develop to become one of the favourite destinations for highly qualified workers globally.

To learn more about the Red-White-Red Card application and if you want to apply for this card, then Terratern is the one partner that you can turn to help you with this application easily!

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Frequently Asked Questions

What is The Red-White-Red Card?

The goal of the Red-White-Red Card is to entice very qualified citizens of third countries to Austria by granting them a two-year residency and job entitlement.

In Q1 2024, how many Red-White-Red cards were approved?

In the first quarter of 2024, Austria granted almost 3,200 permits under the Red-White-Red Card.

What elements were involved in the rise in approvals?

Revision of regulations for expedited processing, the demand for skilled workers in the economy, and deliberate government attempts to draw talent from around the world are some of the factors.

How many approvals are anticipated in 2024?

By the end of 2024, Labour Minister Martin Kocher anticipates that 10,000 permissions will have been granted.

What effect will the rise in approvals have on Austria's economy?

Qualified labour inflows are expected to boost economic expansion, stabilize the labour market, and diversify Austria's cultural landscape.