Investor Residency: Sometimes Expensive, Sometimes Free Now by Stefan Meyer
- GERMANY : (Köln & Dusseldorf)
Solingen Residence Programme 350,000€
Family Immigration by Real Estate Investment 250,000€
+ 100,000€ Regional development funds
Early Free education (age 10-14) followed by naturalization
(age 18) with property investment
- free public school (legal guardian)
- private boarding school : 40.000€ /year
Germany does not have an investor category per se. Instead, foreign nationals wishing to invest and become a resident of Germany must comply with immigration laws related to self-employment, by taking up an economic activity in a local municipality. This is facilitated through a regionalised investment. A foreign national is to a) purchase real estate and b) make an entrepreneurial investment into a regional development fund. The main applicant must be at least 18 years of age, have no criminal record and may include his/her spouse, and dependent children under the age of 18, in the application.
The required investment is twofold:
Purchase off-plan real estate with a minimum value of EUR 250,000; and
Make an entrepreneurial investment of not less than EUR 100,000 into a regional development fund.
We have partners in Germany that will facilitate both of the above investment requirements for the client.
Although there are no minimum physical residence requirements, the client will be required to maintain a residential address in the local municipality during the entire investment period. As the real estate development projects are off-plan, the main applicant is required to rent a property until the development has been completed. Our partners team in Germany will help the client find a suitable rental. Once the development is complete, this property can be used as the residential address for the remaining period of temporary residence. It is also a requirement for the main applicant and family members to have European-wide health insurance.
The application process typically takes around two to three months, starting with the main applicant and nominated family members applying to participate in the municipal investment programme and simultaneously applying for German residence. The main applicant is required to make a refundable deposit to secure a slot and initiate the process for residence. Our legal partners in Germany will organise the pre-authorisation for residence with the local municlipality and the pre-authorisation letter will then be sent to the main applicant’s local German Embassy or Consulate. An escrow account will be opened in the main applicant’s name and the investment amount and the respective disbursements must be transferred into the account within14 days of receiving the pre-authorisation of letter.
The end result of a successful application process will be a temporary residence visa for each family member, entitling them to work, study and live in Germany. After three years of lawful residence it is possible for the principal applicant to apply for permanent residence, while after five years his/her dependent family members can apply for permanent residence (eligible to apply german citizenship)
Summary of Key Advantages
- Permanent resident status in a top tier EU nation
- Visa- free travel in the Schengen area
- No language requirement
- Required investment from EUR 350,000
- Germany has the world’s 4th largest economy byGDP
- Right to live, work and study in Germany
- The country is an excellent and safe place to raise a family
* FAMILY RESIDENCE CARD
* RETIREMENT RESIDENCE VISA
Financing up to 50%
CITINAVI does not only partners with lawyers and tax advisors, but also with financial experts, who can choose the most suitable loan from over 100 banks. If non- residents would like to partially finance their purchase with a loan, certain documents are needed.
Social security, healthcare and immigration
• The social security system is equally contributed to by employees and employers: there is pension, healthcare, as well as unemployment insurance • Healthcare for everyone: since 2009, Germany has introduced a legal obligation to health insurance • Immigration: Germany is a very modern, tolerant and cosmopolitan society with high standard of living, which is why approximately 7 million foreigners have made Germany their home High-quality education and innovative research • Most universities and colleges are state funded • Around 750 publicly-funded research institutions in Germany, as well as research and development centers run by industrial corporations
Europe’s economic hub
Germany comes out on top
Brexit is re-shaping the European real estate map. Berlin, Hamburg and Frankfurt occupy the top three places in the league table, while Munich retains its appeal at Number 5. One pan-European investor stated that “Germany replaces the UK as Europe's number 1 safe haven." for 2017.
Real Estate Prices
• Even with increasing rates of over 10% per annum, purchase prices in Berlin are still below other large German cities such as Munich, Hamburg, Stuttgart or Düsseldorf • In the past five years, the prices have increased steadily, as well as the demand for housing
Germany Residency by investment
200.000€ self employed
Residency under Entrepreneur Permit
* university degree
Germany is a member of the European Union and is considered a prominent location for foreigners to reside in due to its strong and stable economic infrastructure and respected legal framework. Germany offers attractive working conditions and a high standard of living in comparison to its comparatively low living expenses.
German Immigration Law Requirements
There are many conditions which must be satisfied for an applicant to successfully gain a permanent residency visa in Germany by investment. As of the 1st January 2005, Germany introduced a newly reformed Immigration Act in a bid to regulate foreign residency permits. The new law enforces the requirement that all foreigners must obtain a German Residence Permit, which also entitles them to the right to work in Germany.
How to apply for a German Residency Visa?
Nationals of the US, Australia, New Zealand, Canada, Israel and Japan have the right to enter Germany without a visa and apply for a residency permit while remaining as a ‘visitor’ in Germany, however while they incur a visitor status they are not entitled to work in Germany. The 3rd nationals of most other countries (excluding the above-mentioned) are required to apply for and obtain a residency visa prior to entering Germany.
Non EU/non EEA/non Swiss individuals seeking residency in Germany by means of entrepreneur will need to apply for a visa for the purpose of self-employment entrepreneur at their home country. Upon the arrival in Germany, the applicant will need to convert their visa into an entrepreneur residence permit. The entrepreneur permit will allow the applicant to set up a business as either an entrepreneur or a freelancer.
In order to apply for this permit, the applicant will need to meet the following requirements:
The business activity should fulfil an economic interest or regional need
The business activity must have positive effects on the German economy
The business must have secured funding
The residence permit will be extended for a maximum of 3 years if the business is successful. After 3 years, the entrepreneur will be able to obtain a PERMANENT RESIDENCE PERMIT. If applying as a freelancer, the applicant will be able to obtain a PERMANENT RESIDENCE PERMIT after 5 years of residency in the country.
In order for the applicant to receive a settlement permit (enabling him/her to reside in Germany on a permanent basis) there are some conditions which must be satisfied:
The applicant must own a residency permit in Germany for a minimum of 3 or 5 years depending on case
Must prove he/she has a secure livelihood
Must provide evidence of sufficient accommodation
Must have sufficient knowledge of the German language
Must show basic knowledge of the German social and legal systems
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