Does Germany offer a golden visa? Residency through investment

The term Germany Golden Visa may not be official, but it’s widely used to describe the pathway to German residency through business investment.

This program provides a unique opportunity for entrepreneurs and investors to secure residency while contributing to Germany's thriving economy.

We'll explain the requirements, application process, benefits, and key tips for success in this article.

Understanding the German investment residency program

Germany does not have an official "Golden Visa" program. However, under Section 21 of the German Residence Act, foreign entrepreneurs can apply for a self-employment visa by establishing a business that positively impacts the German economy.

Key considerations:

• Language proficiency: Initiating German language studies before applying can facilitate smoother integration.

• Business planning: Collaborating with local business consultants can enhance the quality and viability of your business plan.

• Regional research: Identifying regions in Germany where your business model is in demand can increase success prospects.

If your business idea proves successful and generates sufficient income to support you and your family, you may be eligible to get permanent residency in Germany. You must live in the country for at last 6 months per calendar year, and make Germany your main residence country.

The benefits of residency include access to Germany's education, healthcare, tax advantages, and investment rewards. Additionally, you'll get visa-free travel access to Schengen countries.

Germany investment requirements and eligibility criteria for residency

To qualify for German residency through investment, applicants must meet several key requirements:

Additionally, the investor must meet the following conditions:

• Be at least 18 years old
• Have no criminal record
• Provide a letter of commitment.

German residency through investment: Application process and timeline

The application process involves several steps:

Step 1. Business plan approval: Submit a detailed business plan to the local German Chamber of Commerce for evaluation.

Step 2. Visa application: Apply for a self-employment visa at the German embassy or consulate in your home country.

Step 3. Document submission: Provide necessary documents, including proof of investment funds, business experience, and a clean criminal record.

Step 4. Processing period: The process typically takes 4 to 6 months, encompassing business plan approval and visa issuance.

Insights from other applicants:

• Working with a local tax advisor from the start helps ensure compliance.
• Having all documents translated by certified translators speeds up processing.
• Maintaining detailed records of all business planning stages is crucial.

"I couldn't have done this process without consulting an expert visa agency. First of all, I didn't speak German, and second, I didn't speak the language of visas! I highly recommend having them do the heavy lifting on your behalf." - Paulo M., Entrepreneur

Common challenges and solutions for German golden visa applicants

While Germany offers attractive investment opportunities, applicants often face several challenges. Here's how to navigate them effectively:

Business plan development

• Work with local business consultants familiar with German market requirements.
• Include detailed market analysis and financial projections.
• Focus on economic benefit and job creation potential.

Regional economic requirements

• Research specific regions where your business type is in demand.
• Connect with local Chambers of Commerce for market insights.
• Consider emerging industries with growth potential.

Integration and language requirements in Germany

Success in Germany requires more than just investment.

Pro tips from applicants:

• Start a German language courses before moving.
• Join local business networks and associations.
• Establish connections with German tax advisors early.
• Travel to Germany to research the culture, market, and living conditions.

"I highly recommend visiting Germany a couple of times to figure out not only the business landscape, but also where you want to live and work. It's a huge country with so much to offer!" - Daria E., Entrepreneur from Brazil

Learn more about traveling to Germany with a Schengen Visa.

Frequently asked questions about the Germany golden visa

Can I get German citizenship just through investment?

No, Germany doesn't offer direct citizenship by investment. You must establish and operate a successful business while meeting integration requirements.

What happens if my business fails?

Your residence permit renewal may be affected. It's crucial to maintain proper documentation and seek professional advice if facing difficulties.

Is the €360,000 investment amount fixed?

While not officially required, this amount is recommended to demonstrate financial viability and meet job creation requirements.

Can I maintain my current citizenship?

Generally, Germany requires giving up previous citizenship when naturalizing, with few exceptions.

Find out more from the German Federal Foreign Office website.

Need more info about traveling to Germany?

At iVisa, we've been simplifying visa processes for more than 10 years. Our customer service team is ready to assist if you have any questions about Germany or the German Schengen Visa application. Contact us any time via our customer service agents via chat or WhatsApp.