Germany is a country where many people want to live, work, and study in as
Germany is a co-founder of the Eurozone, the largest member state of the
European Union by population, and a member of the Schengen area. The country
has a robust economy, rich cultural history, and high quality of life. For these
reasons it makes perfect sense that the country is the second most popular
migration destination in the world.
Germany is one of the powerful economies in Europe, developed country and
excellent living standards for HNW investors. Germany also has best education
system, world class healthcare and high quality of living standards and epicenter
for business, science and innovations.
Having German citizenship gives you rights and freedoms that non-citizens do not have. You will have these opportunities as a German citizen:
The right to vote
The right of free movement
The right of assembly and association
The right of consular protection
Unrestricted access to find a job in Germany
The right to become a civil servant, etc.
You will be given an immediate residency visa to live in Germany.
Family and children can apply for German residency as well.
Permanent residence card after 5 years of living in Germany.
German citizenship after 6-8 years under German naturalization laws.
German Residence permit offers free movement in Schengen area.
Investors who invest in and own business that will have a positive economic effect on the German economy have a possible path to residency. There is a definitive, step-by-step process in this path to residency. Setting up a business in Germany is a step-by-step process and a great deal of paperwork has to be completed, documents provided, and filed with the relevant authorities. As your trustworthy consultant, we understand the many steps of this process and we can be your trusted immigration advisor. With the assistance of out immigration lawyers we can assist in this process. The application for residence permit could take up to three months. First, you will be granted a special visa that is valid for 90 days, and during that 90 days you have to get your visa converted to a temporary residence permit. The temporary residence permit is usually valid for 12-18 months, and a further extension of 12- 18 months can be granted provided that the company is progressing.
A permanent residence permit is possible after three years if company still running and in a good financial position. In addition, the residence permit applicant must be able to prove he can pay his personal expenses. If the applicant is over 45 he most also prove that he has enough pension funds or alternative assets.
Entrepreneurs and Business Investors are admitted into Germany, if they invest EUR 100,000 in a German business venture that created atleast five jobs in Germany. Directors, managers, legal representatives of business-partnerships as well as stock corporations are entitled as long as they are not working under an employee-status.
The key to obtaining a German residence permit as an self employed person is showing that the business will have positive effects on the German economy, i.e. that there is an economic interest in or a regional need for the business and that financing has been secured.
There are 6 steps to obtain a residence permit based on the business:
1. Drafting a business plan (We have several business ideas and investment opportunities for Germany)
2. Discussing the business plan with the local Chamber of Commerce and Industry.
3. Application for visa according to § 21 AufenthG.
4. Entry to Germany and registration with the local registration office.
5. Incorporating a company (e.g. foundation of a GmbH).
6. Applying for a residence permit by submitting of all required documents. It should be kept in mind that Germany does not grant visas or residence permits based on real estate investment alone. So this option is NOT available to foreign investors. You have to make a business investment and create jobs to qualify for residency.