Germany Permanent Residency, a chance to live in the best economy.
Permanent Residency of Germany
Germany is a Western European country with a landscape of forests, rivers, mountain ranges, and the North Sea beaches. It has over 2 millennia of history. With a GDP of $3.5 trillion, Germany is the largest economy in Europe and one of the largest in the world. Like other highly developed, service-oriented social market economies, Germany has one of the highest standards of living in the world. The German passport is considered one of the most powerful in the world – citizens enjoy visa-free access to 177 countries.
Germany Investment Immigration Programs Overview
While Germany does not have a specific visa program for investors, German residence law allows foreign investors to apply for a three-year national residence permit. Investors are required to either establish their own company or invest a significant amount in a German company. The visa application process takes about a month, however company and investment procedure, and approval by local authorities may take longer. There is no minimum investment requirement, but it must be a significant investment to create a business and jobs.
Visa holders can obtain a three-year residence permit which can be extended to a permanent residence permit once applicants prove their business is successful. A residence permit can be extended to spouses and underage children or other dependent family members.
How to Apply for Germany Permanent Residency
Applicants must get an approval letter from the respective Chamber of Industry and Commerce and the local Alien Affairs Office. They must provide a business plan, and prove sufficient funds for self-support and for the financing of the business. The visa application takes about a month.
A minimum Investment of Euro 250,000 is required.
After paying the retainer and signing our agreement we will guide you through the process which includes drafting articles of association, naming your company, drafting an executive agreement, and registering the company. As your immigration advisor, the next steps we will guide you through include opening a bank account and paying in the full company capital, finding a tax advisor/accountant (a tax advisor is necessary before starting the business). We will help with the visa application, including proof of education. We will also help make sure you have other required documents in order, including the business plan, commercial register, employment agreement, articles of association, company profile, contacts, etc. A permanent residence permit is possible after three years if the company still running and in a good financial position. In addition, the residence permit application must be able to prove he can pay his personal expenses. If the applicant is over 45 he must also prove that he has enough pension funds or alternative assets.
Although Germany does not offer a CBI program, successful residency applicants can obtain citizenship – and a well-regarded EU passport – after being a legal resident of Germany for at least eight years.
Residency can also open the path to citizenship. For a resident to become a citizen you must be a legal resident of Germany for at least 8 years. You must be able to prove that you can support your dependents without requiring social assistance and you must have adequate German language skills. You must be of good moral character, which means having no criminal convictions. You are required to swear an oath to the German constitution, and, in many cases renounce your former citizenship.
Permanent Residency of Germany
in 90 Days
Benefits of Germany Permanent Residency
- Live and work in Germany
- Travel freely throughout the EU
- No need to continuously reside in Germany
- Recognized route to German citizenship
- Residency extended to spouse & children
- High standard of living
- Excellent education & health care
- Brilliant business environment