How to Do a Tax Return when Self Employed: Step-by-Step Guide
Discover the process of paying tax as a self-employed individual or freelancer in the UK. Our guide explains all of the necessary steps in detail.
Imagine running your business surrounded by the charm of Vienna or the calm of the Austrian Alps.
If you're ready to make this a reality, the first step is to do your research and put together all your paperwork together to get your Red-White-Red card (which functions as an Austrian self-employed work permit).
To help you, we’ve put this guide together with everything UK applicants need to know to get a self-employed work permit in Austria. We’ve also touched on how Wise Business can help you manage your earnings and finances once you’re there.
| Topic | Notes |
|---|---|
| Red-White-Red card for Self-Employed Key Workers 🔴⚪ | The Red-White-Red card for Self-Employed Key Workers allows non-EU/EEA nationals to work as self-employed professionals in Austria. After meeting the required conditions and time period, they can apply for the “Settlement Permit - Self-Employed Key Worker” to continue living and running their business in Austria2. |
| Duration and Renewal ⏱️ | The initial Red-White-Red card is valid for 24 months. After that, you can apply for a settlement permit (Niederlassungsbewilligung). This permit can be issued for three years after a total settlement period of two years. After five years of continuous residence, you may qualify for long-term resident status in Austria1. |
| Eligibility 📝 | You must prove that your planned self-employed activity benefits Austria, for example, by creating jobs, transferring investment, or introducing innovation. |
| Visa Info 🗺️ | If you’re a UK citizen, you’ll need a long stay visa (known as the D visa) to stay in Austria for over 90 days. EU/EEA and Swiss citizens can live and work in Austria without a visa, but must register their stay if it exceeds 90 days2. |
| Family Members 🏡 | Once your residence permit is approved, you can apply to bring eligible family members under family reunification rules. |
| Application Fee 💷 | Around €150 to €200, depending on where you apply (paid to the Austrian consulate or local authority)1. Additional costs may apply for document authentication and translation. |
| Processing Time ⏳ | Up to 12 weeks3. |
You can apply for the Austrian Red-White-Red card for Self-Employed Key Workers if you’re a non-EU/EEA nationals whose freelance or business activity provides a clear economic benefit to Austria.
To qualify, your work should meet at least one of these criteria4:
If you’re applying from the UK, submit your application in-person at the Austrian embassy or consulate in your home country.
However, suppose you’re already in Austria on a valid visa or visa-free stay.
In that case, you can apply directly to your local residence authority (such as the Provincial Governor’s Office or Regional Administrative Authority)8.
The requirements for applying for the Red-White-Red card for Self-employed Key Workers are12:
You’ll need to pay the required fees in-person. It is typically around €160 in total.
After submission, your application is forwarded to the AMS.
It reviews whether your freelance work benefits Austria’s economy through innovation, investment, or job creation.
This step usually takes 2 to 4 weeks.
If approved, you’ll be granted the Red-White-Red card for Self-Employed Key Workers, valid for up to 24 months.
If you applied from outside Austria, you’ll first need a Visa D to enter the country and collect your residence permit locally.
Before your permit expires, you can apply for an extension if your freelance activity continues to meet Austria’s economic benefit criteria.
Renewal usually grants longer-term residence rights.
| Cost item | Typical amount | What it covers/notes |
|---|---|---|
| Application fee | €120 | This is the base fee for submitting the permit application. |
| Granting/Issuance fee | €20 | Paid when the permit is approved. |
| Personalisation/Biometrics Fee | €20 | For fingerprints, a photograph, and a signature on the card. |
| Red-White-Red Card fee | €160 | This is the full fee for the issue of the Red-White-Red card itself (for those older than 6 years). It includes granting, personalisation, etc. |
| Red-White-Red Card Plus fee | Application, granting and personalisation fees are higher (around €156 to €212 total) depending on your age and category. | N/A |
| Additional costs (such as for documentation) | Varies (could be €10 to €50+ per document) | Foreign civil status documents (birth certificates, marriage certificates, etc.), translations, legalisation, etc., may cost more depending on the number of documents and the country of origin. |
Several fees and related costs must be considered when applying for the Austrian Self-Employed Key Worker permit (Red-White-Red card).
he government fixes some depending on your situation (age, documents, location, etc.).
Even though the core government charges are relatively set (application, granting, personalisation), the total cost of applying will often be €200 to €400+ when you include supplementary expenses (translation, visa fees if needed, document handling).
💡 Find out how much GBP you might need to spend by converting the fees in the section above using our converter
The processing time for the Austrian freelance visa (Red-White-Red card for Self-Employed Key Workers) usually takes 6 to 8 weeks after all the required documents are submitted3.
However, depending on your case and how quickly the Austrian authorities verify your business plan, it can sometimes take 3 to 4 months.
The Austrian Public Employment Service (AMS) first checks if your freelance work will benefit the country’s economy, which usually takes about three weeks.
To avoid delays, make sure your application is complete and all your documents are properly translated and legalised before you submit them.
Self-employed workers and freelancers must handle their own taxes and social contributions in Austria.
Austria has a progressive income tax system, with rates from 20% to 55% depending on earnings.
The first €13,308 of annual income is tax-free. You’ll need to file a yearly tax return and may have to make advance payments based on estimated income5.
Most freelancers charge 20% VAT on invoices. Know that if your annual income is below €55,000, you may qualify as a Kleinunternehmer and be exempt from VAT6.
You must register with the Social Insurance for the Self-Employed (SVS) after your annual income exceeds €6,613.20. Contributions cover health, pension, and accident insurance7.
Keep your financial records neat and updated. A local tax expert can help you handle taxes properly and avoid any penalties.
If you’ve ever dreamed of being your own boss in a place that truly supports independence, Austria might just be your golden ticket.
Once you’ve got your paperwork squared away, you’ll be ready to set foot and start earning in a country where opportunity and stability go hand in hand.
That’s where Wise Business comes in.
With a Wise Business account, you can receive client payments and hold over 40+ currencies in one place. Convert and send money worldwide at the real mid-market rate. No hidden fees, no surprises!
You can also spend directly with the Wise Business card in 150+ countries and earn 0.5% cashback on eligible purchases.
When international payments are this simple, you can focus on what matters most: growing your business in Austria.
Be Smart, Get Wise.
“Banks take too long, charge too much, and always seem to add hidden fees… Wise just made sense - I could finally move money between currencies without any hassle.”
Yes. If you want to launch an innovative business in Austria, you may qualify under the Start-up Founder residence permit. This route suits entrepreneurs developing new products, services, or technologies that add value to the Austrian market.
To be eligible, you’ll typically need to8:
The ‘Red-White-Red Card for Self-Employed Key Workers’ is the initial work permit needed to operate as a self-employed individual in Austria and expires in 24 months
After 24 months on the Red-White-Red Card, you can apply for a settlement permit (Niederlassungsbewilligung) , which can be issued for 3 years.
Yes, you can become a permanent resident of Austria if you’re self-employed after 5 continuous years of lawful residence.
You must also9:
Sources:
Sources last checked on October 28th, 2025
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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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