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Germany is one of the most highly developed countries in the world. Internship and work opportunities in the country have made it a preferred destination for international students for quite some time now.
Germany's structure and stability have attracted the attention of investors. The well-developed infrastructure is an added advantage. Though there is no Golden Visa in Germany, there's an equivalent investment program which offers German citizenship in less than 6 years.
Read on to know important details.
If an individual purchases a house or makes investments in a foreign country, he/she will be eligible for a Golden Visa. It is a residence permit that leads to permanent citizenship.
Germany doesn't have a golden visa scheme. It doesn't have an exclusive citizenship by investment program. However, it has a residency by investment program. Many people refer to this Germany Investment Visa as the Golden Visa in Germany.
Suppose an investor wishes to start a business in Germany, has a business plan, or makes specified investments. In that case, he/she will become eligible to apply for an equivalent permit of the Golden Visa in the country under a Germany Golden Visa Programme.
The eligibility requirements for qualifying for a Germany Investment Visa are as follows:
If you wish to invest in Germany and ultimately gain permanent citizenship, you must set up a business there. Moreover, the venture needs to create employment opportunities for a minimum of five people in Germany.
Given below is a list of the important sectors where people mostly invest in:
You need to come up with a concrete business plan to illustrate the impact your business will have on the German economy. The German Chamber of Commerce and Industry will examine the business plan.
After the business plan receives approval, you must visit your country's German embassy. Start the application procedure for the self-employment visa. This visa will permit you to visit Germany and start a business.
When you arrive in Germany, you will receive a temporary residence permit. The validity period will be 3 years, after which it can be renewed. This residence permit will allow you to live and run a business in Germany.
If you have lived in Germany continuously for 3 years, you will automatically become eligible for permanent residentship.
If you have lived in Germany for 8 years, you can apply for permanent citizenship. However, if you have become well versed in German language and have well internalised German culture, you can apply for citizenship after continuously living in the country for 6 years.
The list of the required documents for a German Investor Visa is as follows:
The officials haven't specified the minimum investment amount that would qualify a person for an Investment Visa in Germany. However, experts have recommended an investment of at least €360,000 as this proves that the investor can meet the investment criteria.
The Golden visa in Germany allows foreign investors, entrepreneurs, and family members to live and work in the country freely. They also become eligible to run a business on the ground, given they have made the necessary investment. More benefits are mentioned below.
The benefits of having a Golden Visa in Germany are enumerated below:
If the business plan proposal receives approval from German authorities, you will become eligible for a German self-employment visa. This visa will permit you to enter and live in Germany and establish a new venture.
This particular visa comes with 3 years of temporary residence permit. After completion of 3 years, you can apply for a German settlement permit, which permits you to live in Germany permanently.
This blog has enumerated the important details related to the permit equivalent to a Golden Visa in Germany. The country is an attractive destination for students and investors alike. If a wealthy person decides to establish a business and generate employment in the country, he/she must create a proper business plan. After approval, the investor can enter, live and run his venture in Germany.
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Your policy is subjected to terms and conditions mentioned in your policy schedule and policy wording. Please go through the documents carefully.
The information mentioned here about the countries, visa fees and others is taken from different sources. Digit Insurance is not promoting or recommending anything here. Please verify the same before you book your tickets, apply for a visa, buy a travel policy or make any other decision.
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