Miscellaneous (Residency Registration, Schools etc.)

According to the Austrian Registration Act of 1991, all individuals taking up residence in Austria have to report their name and address to the local authorities (city, town, village) within three days by means of a special form (Meldezettel).

Since 1999/2002, the Euro has been legal tender in Austria (as in eleven other member countries of the European Union).
Please be advised that Schilling banknotes and coins are no longer legal tender but still redeemable. They may be exchanged at the Austrian National Bank (Oesterreichische Nationalbank), Otto Wagner Platz 3, 1090 Vienna or at any of the branches of the Austrian National Bank located in the federal provinces. The exchange rate is fixed at 1 € = 13.7603 ATS.

Austria has an excellent public educational system. American children may attend Austrian schools the language of instruction of which is German. Private schools with instruction in German are available at all levels at reasonable rates.

There are two English-language schools in Vienna: The American International School and the Vienna International School. The former provides instruction up to grade 12 and follows the American system. The latter is comparable to the former but operates on the British system.
The American International School Salzburg is the only American boarding school in Austria. The school provides a college-preparatory (grades 7-12) education to students from around the world. The curricular program is American and the International Baccalaureate diploma is available.

Although the cost of medical services and hospitalization is still considerably lower in Austria than in the United States, health insurance coverage is highly recommended.
In general, persons employed in Austria and their immediate family members are covered by public health insurance. Further, individuals both receiving a pension from the Austrian Social Security Administration and residing in Austria are also covered by public health insurance. After establishing residence in Austria, a small portion of the pension is being withheld for this purpose. Special regulations apply to self-employed persons.
Persons not automatically covered by public health insurance can register themselves for public health insurance by paying a monthly fee. Please be aware that there is a six-months waiting period before coverage is actually provided.

Purchase (but not inheriting) of real estate in Austria by non-EU nationals is restricted. Jurisdiction in matters of real estate transactions remains with the provincial (Länder) governments. In general, real estate purchases by non-EU foreigners are either prohibited or have to be approved by a governmental commission. Any real estate agent in Austria should be able to provide you with the details of local requirements and conditions.

All real estate transactions in Austria have to be recorded in the real estate registers (Grundbuch), kept at federal district courts. Purchase of real estate is subject to a purchase tax of 8 percent of the value. A property tax of approx. 0.5 percent and a real estate tax of approx. 0.8 percent are levied annually on the assessed value of the real estate. Detailed information on this kind of taxation is best obtained from the local revenue offices (Finanzämter) in Austria.