Germany does not endorse a Golden Visa program. However, if you commence a business in Germany that satisfies a financial need or interest, you can procure a residency permit. If you complete six to eight years of residence in Germany, you can forge ahead to get German citizenship.
The Milestones on the Way to German Citizenship
The first step is to apply for entrepreneurship or a self-employment visa. Then, you have to launch a novel business contributing to the German economy. In this business, you need to hire a minimum of five employees.
Further, you must reside in Germany for a minimum of six years to be integrated into German society. By leveraging this entrepreneurship visa, you can get your permanent residency (PR) in the country if you complete three years in Germany.
The final step is to complete six years in this country, and you will become a German citizen. The preceding description is in the case of an expedited process. Practically, all expatriates have their PR in four to five years. Typically, they become citizens in six to eight years.
Requirements for Self-Employment Visa
A high-net-worth (HNW) individual must match the following requirements to become eligible for the application for a self-employment visa.
- You do not have any criminal record.
- A loan commitment or equity capital must financially endorse your business.
- Your business should generate jobs for a minimum of five German citizens. This business must match the economic and regional demands.
- Your business must produce a positive impact on the German economy.
- You must be an experienced person in the business you aim to commence.
- You can present a holistic business plan with a relevant outline of your aims.
The German Government has not specified a minimum mandatory amount for this entrepreneurial visa. However, the unofficial news is that you must be in a position to invest a minimum of 0.36 million euros.
The Advantages of having Self-Employment Visa
Germany has a universal healthcare system. Its seamless infrastructure and world-famous universities are great assets. Throughout this nation, you can view historical and beautiful sites. All of these make this country a wonderful experience to raise a family. The level of life in Germany as regards healthcare, employment opportunities, education, and social security is ranked as one the topmost in the world.
When you become a permanent resident of this country, you can travel to all countries within the European Union without applying for a visa. After the mandatory period, when you are granted citizenship of Germany, you are free to work and invest in all countries of the European Union.
Pearl Lemon Visa provides flawless assistance to get your Golden visa Germany. Moreover, its other services enable you to donate money, engage in an investment fund, and purchase real estate. If you are an HNW person, you can live a superior quality of life by relocating to cities such as Berlin, Frankfurt, and Munich.