Best Golden Visa Lawyers in Dortmund

About Golden Visa Law in Dortmund, Germany

The "Golden Visa" is an informal term used to describe residence programs that grant non-EU nationals residency rights in exchange for a significant investment in the country. In Germany, including Dortmund, there is no program officially called a “Golden Visa.” However, the German Residence Act allows for long-term residence permits to non-EU nationals who invest substantially in the local economy. Typically, this occurs through business investment, entrepreneurship, or other significant economic contributions. Dortmund, as a growing city and economic hub in North Rhine-Westphalia, attracts many such applicants interested in residency through business endeavours or real estate investment.

Why You May Need a Lawyer

Navigating the legal landscape of Golden Visa applications in Dortmund, and Germany as a whole, can be complex. Here are common situations where legal assistance is highly advised:

• Understanding eligibility criteria for residency via investment or business in Germany
• Preparing and submitting documentation for local authorities and embassies
• Structuring investments or businesses in a manner compliant with German requirements
• Dealing with language barriers and legal terminology in German
• Addressing questions or problems if your application is delayed, rejected, or under review
• Guidance regarding family reunification and bringing dependents to Germany
• Advice on long-term residency, permanent residence, or eventual citizenship
• Managing tax and financial compliance while establishing business in Dortmund

Local Laws Overview

While Germany does not have a specific “Golden Visa” program, the relevant pathway falls under Sections 21 and 7 of the German Residence Act (Aufenthaltsgesetz). Key aspects include:

• Business Investment Pathway: Non-EU investors can obtain a residency permit if their business serves the economic interests of the region, shows economic viability, and is expected to have a positive impact on the local economy.
• Minimum Investment: There is no legally fixed minimum, but regional authorities typically expect an investment of at least €250,000 and the creation of jobs for locals.
• Real Estate Investment: Unlike some other EU countries, investing in real estate alone does not guarantee a residency permit in Germany.
• Application Process: Applicants must submit a comprehensive business plan, proof of funds, and evidence of potential economic benefit. Local Chambers of Commerce and regulatory authorities are involved in assessment.
• Residency Rights: Initial residence permits are typically granted for up to three years, renewable if the investment continues to meet requirements.
• Permanent Residency: After several years, applicants may apply for permanent residency if certain integration and residence requirements are met.
• Local Regulations: Additional local economic policies specific to Dortmund and North Rhine-Westphalia may affect eligibility or administrative processes.

Frequently Asked Questions

What is a Golden Visa and does Germany offer one?

Germany does not officially have a “Golden Visa” program like some other EU countries. However, non-EU nationals can obtain residency by investing in a business that benefits the German economy, known as the “business investor residence permit.”

What types of investments qualify for residency in Dortmund?

Qualifying investments usually include opening a business, investing in a startup, or expanding an existing company that creates jobs and benefits the local economy. Real estate purchases alone typically do not qualify.

How much do I need to invest to qualify?

There is no official minimum, but authorities generally expect at least €250,000, along with the creation of local jobs and a strong business plan.

Can my family accompany me if I get residency through investment?

Yes, immediate family members (spouse and minor children) can usually obtain residence permits under family reunification rules.

Do I need to live in Dortmund full-time if I have an investor residence permit?

Generally, permit holders must maintain a primary residence in Dortmund or Germany and demonstrate a genuine business presence. Extended absences may affect permit renewal.

How long does it take to process a residence application?

Processing times can vary but usually range from several months up to a year, depending on documentation and case complexity.

Will I get permanent residence or citizenship through investment?

Initial permits are temporary. After several years of successful business operation, permit holders may apply for permanent residence. Citizenship generally requires even longer residence and additional requirements.

What happens if my business fails after getting the residence permit?

If the business closes or fails to meet economic criteria, residency status may be reviewed and potentially revoked. Legal advice can help navigate such situations.

Do I need to speak German to apply?

Language skills may improve your application and are required for permanent residence or citizenship. For a temporary residence permit as an investor, German skills are recommended but not always strictly required initially.

Can I apply on my own, or do I need a lawyer?

You can apply independently, but legal advice is highly recommended to ensure full compliance, minimize mistakes, and increase your chance of success.

Additional Resources

If you are considering applying for a residence permit based on investment in Dortmund, the following resources can be helpful:

• City of Dortmund Migration Office (Ausländerbehörde): Handles residence applications and provides informational support.
• Chamber of Commerce and Industry Dortmund (IHK Dortmund): Assists with business registration and business plan assessment.
• German Federal Office for Migration and Refugees (BAMF): Offers guidance on migration law and residence permits.
• Local lawyers specializing in immigration and business law: For personalized legal support and document preparation.
• Tax advisors and financial consultants: To help you meet local tax and investment regulations.

Next Steps

If you are considering pursuing a Golden Visa-style residence permit in Dortmund, here are practical steps to follow:

• Conduct an initial self-assessment or consult with a migration expert to determine your eligibility and investment options.
• Prepare a detailed business plan showing how your investment will benefit Dortmund's local economy.
• Gather supporting documents, such as proof of funds, business experience, and identification.
• Seek legal advice from an immigration or business law specialist in Dortmund to review your plan and assist with the application process.
• Contact the Dortmund Migration Office or local Chamber of Commerce for any specific local requirements.
• Submit your application and keep copies of all documentation.
• Monitor your progress, respond to requests for further details, and seek legal support if you encounter problems or delays.

Professional legal advice can help you avoid common pitfalls and guide you through every stage, maximizing your chances of achieving residency in Dortmund, Germany through investment.