In Europe, Austria stands as the lone country where citizenship by investment is possible, according to Henley and Partners. The route, taken by few and accomplished by even fewer, can happen for "rendering exceptional services in the interest of the Republic," according to an Austrian government website. One such service that has cleared prior clients, added Henley & Partners, is a direct investment of $10 million -- a claim reportedly refuted by an Austrian government spokeswoman based in Washington, D.C. Still, successful applicants for Austrian citizenship can live in a country whose capital, Vienna, ranked as the world's best city for quality of life in a 2012 Mercer survey. Applicants must be of 'outstanding character,' must wait at least eight weeks for approval. Dominica government But you get what you pay for: Austria, with its 50% personal income tax rate, ranks among one of the highest in the world. A workaround, according to Henley & Partners, is simply to live elsewhere in Europe. Only Austrian citizens who actually reside in the country are subject to taxes. An Austrian passport easily gives that option by opening many borders. The country is a member of the Schengen Area with its 26 countries spanning most of western Europe sharing common borders without immigration control -- not to mention more than 160 countries in total around the world -- on par with Australia and Canada.
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