Good news for our BA and IML graduates that require a work visa (Red-White-Red Card) if they want to stay and work in Austria!

The Austrian government has proposed easier visa regulations for start-up founders coming from non-EU countries. Secretary of State Mahrer suggested that entrepreneurs will be granted a residence and work permit for two years if all the prerequisites are met. An extension of the permit will be linked to the creation of jobs, a certain annual turnover and further financing. In addition, the start-up should offer or develop genuinely innovative products or services. Minister of Economic Affairs Mitterlehner announced that this decision is part of the wider strategy for Austria becoming a start-up magnet.

Other modifications of the work permit Red-White-Red include its extension to the BA and PhD graduates, as well as a longer period available to search for an adequate job after graduation. Currently, graduates have 6 months to find employment, whereas in future this will be extended to 12 months. This Red-White-Red Card reform should be adopted by the Parliament in spring 2017 and come into force by July 1.

Lauder Business School encourages the liberalization of the work permit regulations for students completing their degrees in Austria and opting for entrepreneurial careers. Our IML and BA curricula formalize student entrepreneurial orientation and support the graduates in realizing their innovative business ideas.

Source: Der Standard (February 28, 2017), Federal Ministry of Science, Research and Economy (bmwfw)



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LATEST NEWS

Welcome to LBS

We are very pleased to announce the beginning of the new academic year 2018/2019 on October 4!

The LBS faculty and staff wish all our new and returning students a good start! We hope that you have refilled your energy reserves during the summer and that you are now ready for the new challenges to come.

A very special welcome to all our new students joining the LBS academic community this year. We are excited to meet you at our Orientation and Welcome Day!

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Christian Reiner, senior researcher at LBS, was invited by the Carinthian Economic Society (Volkswirtschaftliche Gesellschaft Kärnten) to deliver a talk on the economics of climate change. About 100 visitors attended the talk on October 3rd 2019 in Klagenfurt, Carinthia’s capital. Mr Reiner stressed the economic case for ambitious climate policy as well as the chances for business.

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On September 20, we were delighted to welcome many proud families and friends to the Lauder Business School campus for a Masters graduation ceremony. The ceremony started with a welcoming speech by our Executive Director Alexander Zirkler in the beautiful baroque LBS ballroom. In his address, he highlighted the international quality of both our Master programs and drew the parallel: “The value of your diplomas will increase in time like the value of a good painting.”

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