Best Golden Visa Lawyers in Coburg

About Golden Visa Law in Coburg, Germany

The term "Golden Visa" generally refers to immigration programs that allow foreign nationals to obtain residency (and sometimes citizenship) through investment. In Germany, including Coburg, there is no specific "Golden Visa" program like those in some other European countries. However, Germany offers residency permits for foreign investors and entrepreneurs under certain conditions, usually through its Residence Permit for Self-Employed Persons (§ 21 of the German Residence Act). These permits are often what is referred to as a German Golden Visa, providing a pathway for investors to live and work in Germany, including in the Bavarian city of Coburg.

Why You May Need a Lawyer

Navigating the requirements and procedures for obtaining a residence permit through investment or business activity in Coburg, Germany, can be complex. Legal assistance may be needed if you:

• Plan to make a significant investment or start a business in Coburg.
• Need help preparing the relevant documentation and business plans.
• Require guidance on meeting local and federal requirements.
• Face complications, delays, or rejections in your immigration application process.
• Want to understand your rights and obligations as an investor or entrepreneur in Germany.
• Seek advice on tax implications or structuring your investment/business locally.
• Are planning for family reunification or long-term residency/citizenship after obtaining a residence permit.

Local Laws Overview

In Coburg and throughout Germany, investment-based residency falls under federal migration law and is governed primarily by the German Residence Act (Aufenthaltsgesetz or AufenthG). For self-employed individuals, section 21 is especially relevant. Key aspects include:

• Business Plan: Applicants must present a viable business plan demonstrating economic interest or regional need, particularly in the Coburg area.
• Economic Impact: Your business or investment must have a positive effect on the local economy. This includes job creation or filling market gaps.
• Financial Requirements: Proof of adequate funding for the business and to support yourself and any dependents is necessary.
• Legal Structure: Understanding corporate forms (GmbH, UG, etc.) and registering the business with appropriate local and federal authorities.
• Approval Process: Both local municipal authorities (Ausländerbehörde Coburg) and economic bodies assess the application.
• Residence Permit: Successful applicants receive a temporary residence permit, often with the possibility of renewal and, eventually, permanent residency or citizenship.

Frequently Asked Questions

What is the German version of a "Golden Visa"?

Germany does not have a formal "Golden Visa" program. The closest equivalent is the residence permit for self-employed persons and business investors under section 21 of the German Residence Act.

Can I get residency in Coburg, Germany, by buying real estate?

Simply purchasing real estate does not qualify you for residency. You must demonstrate an entrepreneurial or investment activity that benefits the local economy.

How much do I need to invest to qualify?

There is no fixed minimum investment amount, but authorities usually look for substantial and viable investments (commonly €250,000 or more, though each case is assessed individually).

What kind of businesses qualify for a Golden Visa-type permit?

Start-ups, limited liability companies, and other ventures can qualify if they demonstrate a positive economic impact, fill a market need, and are realistically viable in Coburg.

Can my family obtain residence permits as well?

Family members (spouse, underage children) are generally eligible for residence permits under family reunification provisions, subject to meeting certain criteria.

How long does the process take?

Processing times vary depending on the completeness of the application and local authority workloads, but expect several months from initial application to final decision.

Is knowledge of German language required?

For initial permits, language requirements are minimal, but some basic German proficiency can help in business operations. Higher proficiency is required for long-term or permanent residency.

Will I get permanent residency or citizenship automatically?

No. You can usually apply for permanent residency after several years of successful business operation; citizenship has additional time and integration requirements.

Can an existing business from another country be relocated to Coburg for this purpose?

Yes, but you must adapt the business to comply with German and local regulations and demonstrate that it benefits the local Coburg economy.

What are common reasons for rejection?

Weak business plans, insufficient funding, lack of local economic benefit, or incomplete applications are common reasons for permit rejections.

Additional Resources

For further help and guidance on Golden Visa-related issues in Coburg, the following resources may be useful:

• Local Immigration Office (Ausländerbehörde Coburg)
• Bavarian State Ministry for Economic Affairs, Regional Development and Energy
• IHK zu Coburg (Chamber of Industry and Commerce)
• German Federal Office for Migration and Refugees (BAMF)
• Professional legal and tax advisors specializing in investment immigration
• Bavarian Business Development Agency

Next Steps

If you are considering pursuing a Golden Visa-style residency in Coburg, Germany, here is how you can proceed:

• Assess your investment or business plan and ensure it aligns with Coburg’s economic needs.
• Consult with a qualified immigration or business lawyer in Coburg to review your circumstances.
• Prepare all required documentation, including financial statements, business plans, proof of funds, and identification.
• Contact local immigration authorities and relevant business chambers for specific local requirements.
• Submit your application and respond promptly to any requests for additional information.
• Stay informed of the legal process and maintain compliance with all local business and residency regulations.
• For complex or high-stakes situations, ongoing legal representation can be invaluable for protecting your rights and interests.