Best Golden Visa Lawyers in Dresden

About Golden Visa Law in Dresden, Germany

The Golden Visa in Germany, unlike other countries, does not exist as a specific program. Instead, Germany offers a residency-by-investment scheme that can lead to permanent residency and eventually citizenship. In Dresden, as elsewhere in Germany, this involves substantial financial investments, typically in the form of creating or investing in businesses that generate economic benefits and create jobs. This opportunity is attractive to foreign nationals who wish to reside in Germany to live, work, and enjoy the benefits of the European Union.

Why You May Need a Lawyer

Obtaining a Golden Visa in Dresden involves navigating complex legal landscapes and ensuring compliance with stringent regulatory requirements. Here are common situations when legal assistance may be necessary:

• Understanding Investment Requirements: Clarifying the type and amount of investment required to qualify for long-term residency.
• Business Formation and Compliance: Structuring investments properly to comply with German regulations, including forming a corporation or purchasing real estate.
• Tax Implications: Understanding the tax obligations that come with investing and residing in Germany.
• Visa and Residency Applications: Ensuring accurate and complete submission of documentation to avoid delays or rejections.
• Legal Representation: Representing your interests in any disputes or in dealings with governmental authorities.

Local Laws Overview

Dresden, like the rest of Germany, falls under federal regulations regarding investment-based residency. Key aspects include:

• Investment Requirements: Approximately €250,000 investment is needed in a new commercial enterprise or the expansion of an existing business. The business must positively impact the German economy.
• Residency Regulations: Initial residency permits are typically granted for up to three years and are renewable, leading to potential permanent residency.
• Economic Impact: Significant emphasis is placed on the economic impact and job creation of the proposed investment.
• Tax Residency: Understanding the implications of becoming a tax resident, including global income tax obligations.

Frequently Asked Questions

What is the Golden Visa program?

Germany does not offer a traditional Golden Visa program but provides residency through substantial business investment.

How much investment is required to obtain residency in Germany?

A minimum investment of €250,000 in a business that benefits the German economy is typically required.

What are the benefits of obtaining a residency through investment in Germany?

Benefits include unrestricted mobility within the Schengen Area, access to public healthcare and education, and the potential for permanent residency and citizenship.

Can I invest in real estate to qualify for the Visa?

Real estate investment alone does not qualify. Investments must involve business interests, though real estate can be part of a broader investment strategy.

How long does the residency permit last?

Initially, permits are granted for up to three years, renewable as long as the investment continues to meet the program criteria.

Can my family accompany me?

Yes, family members, including spouses and minor children, can be included in the residency application.

What are the language requirements?

Language proficiency is not a requirement for obtaining an initial residency permit but may be necessary for long-term integration and citizenship.

What happens to my residency status if I withdraw my investment?

Withdrawing the investment before achieving permanent residency could result in the loss of residency rights.

Do I have to live in Germany full-time to maintain residency?

There is flexibility for travel, but significant absences could affect the renewal process or the path to permanent residency.

How do I convert my residency into citizenship?

After eight years of residency, you may be eligible to apply for German citizenship, subject to meeting all the necessary conditions including language proficiency and integration.

Additional Resources

For further assistance and information, consider the following resources:

• Federal Office for Migration and Refugees: The primary governmental body dealing with immigration matters.
• Local Chambers of Commerce: Offers guidance on business formation and investment opportunities.
• German Investment Agencies: Provides insights into viable investment opportunities in Dresden and beyond.
• Legal and Tax Advisors: Experts specializing in immigration law and international tax planning.

Next Steps

If you are considering the residency-by-investment route in Dresden, Germany, the following steps are recommended:

• Consult with a Legal Advisor: Engage with a legal expert specialized in immigration and investment law to understand the nuances of your specific case.
• Develop a Business Plan: Clearly outline your investment strategy, ensuring it aligns with German economic impact criteria.
• Gather Required Documentation: Prepare the necessary paperwork, including investment proof and business plan evaluations.
• Submit Your Application: Work with legal counsel to accurately complete and submit your residency application to minimize delays.