Germany doesn’t have direct citizenship by investment or a Golden Visa program. But if you start a qualifying business in the country, you can be eligible for German residency.
Would you like to set up a company in Germany or work as a freelancer? In this case, you have the option of applying for a visa to work as a self-employed person. Different conditions apply depending on whether you plan to work as a trader or freelancer.
There is no minimum required amount for a German entrepreneurial visa. However, an unofficial recommendation is that you should plan to invest at least €360,000. This sum shows that your investment will meet all the requirements set by the German government.
If you want to start a business, you have to obtain a residence permit for the purpose of self-employment in accordance with Section 21 (1) of the Residence Act if the following requirements are met:
If you would like to become self-employed in a freelance profession, you have the option of obtaining a residence permit to work as a freelancer in accordance with Section 21 (5) of the Residence Act. You must meet the following requirements:
One of the most important requirements of a Freelancer Visa is having a registered living address in Germany. The procedure of registering your residence is called Anmeldung. What you have to do is:
Registering with the Tax Office
To begin freelancing, you have to register with the German Tax Office (Finanzamt) and declare your freelance activity or business and get a freelance tax number (Steuernummer). To do this, you have to:
*If you are a business owner: You have to register your business and get a license at the local Trade Office (Gewerbeschein) before you complete the Questionnaire for Tax Collection.
Registering with the tax office can be quite daunting and complex, especially for freelancers who have no experience with the German tax system.
The requirements that you need to fulfill to qualify for naturalization are as follows:
Step 1: Create a Business Plan
The first step in getting an investor visa in Germany is to have a comprehensive business plan. Your plan must cover all details of your concept and explain why and how the German economy will benefit from your business. Your business plan will be evaluated by the German Chamber of Commerce and Industry.
Step 2: Apply for a Self-Employment Visa at the German Embassy
Once your business plan has been approved, you can start your application for a self-employment visa for entrepreneurial activities at the German embassy in your country of residence. This visa will give you the right to enter Germany to start a business.
Step 3: Arrive in Germany and Get Your Temporary Residence Permit
The immigration authorities will give you a three-year temporary residence permit when you arrive in Germany. This is valid for three years and can be renewed. You can live and run your firm in Germany with this temporary German residence permit.
Step 4: Become a Permanent Resident
You can become a permanent resident after three years of continuous residency in Germany. This is a huge step as becoming a permanent resident gives you bigger security regarding your residency status in the country.
Step 5: Apply for Citizenship
After you’ve resided in Germany lawfully for a total of eight years, you may apply to become a German citizen. If you are well integrated into German society and can communicate in German fluently, you may apply for citizenship after six years of continuous residence.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Germany, assisting in getting you settled in the country and coordinating with you so that this experience will be less of a hassle.
Want Privacy World to handle your case? Have any questions? Contact us!
Germany does not allow dual citizenship, and you need to renounce your previous nationality, although German law permits dual nationality only in some very specific cases.
Yes. You can include your spouse and dependent children under 18 in your application, and they’ll also receive residence permits.
Applicants can apply for citizenship after eight years of residency in the country.
Yes. You need to legally reside in Germany for eight years to obtain citizenship in the country.
You don’t have to live in Germany, but you have to visit.
Yes, you are eligible for permanent residency in Germany, provided that you live in the country for at least three years first and maintain your respective investment.
Foreign investors don’t get any special tax benefits. German residents and citizens pay income taxes on all income from home or abroad.
In Germany, for tax purposes, you are either a resident or a non-resident. If you have been present in Germany for over 183 days, you are generally considered to be a resident for tax purposes.
If you are self-employed, run a business, or operate an agricultural and forestry holding, tax is not automatically deducted from your income.
Individuals who are not resident in Germany generally have limited tax liability. “Limited” in this context means that the taxes are only calculated on income originating in Germany.
The residence permit is valid for 3 years and renewable.
Technically, you cannot get German citizenship or permanent residency simply by investing in real estate.
Yes. You must prove German language proficiency of at least B1.