Immigration to Austria http://www.immigration-residency.eu/immigration-to/austria/ Presentation of the Republic of Austria, which can be described as one of the oldest and most beautiful European countries. The census carried out in 2018 shows that the population of Austria is currently estimated at around 8.8 million people, with ethnic Austrians being the largest single ethnic group with 91% of the population. The official currency of Austria is the euro (EUR). Austria is a member of the European Union and the Schengen Area, which offers its passport holders and residents many advantages. Austria currently offers a legal economic citizenship program that enables individuals and their families to obtain citizenship or a residence permit without residence requirements directly.