Best Golden Visa Lawyers in Lübeck
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Find a Lawyer in LübeckAbout Golden Visa Law in Lübeck, Germany
The Golden Visa program refers to residence permits or pathways to long-term residency and potential citizenship offered by some European countries to foreign nationals in exchange for significant economic investment. While Germany does not offer a "Golden Visa" program under that specific name, it does have residency permits based on investment, particularly through self-employment and business formation, which many refer to as Germany's version of the Golden Visa. In Lübeck, a historic city in northern Germany, these legal paths are governed by both federal law and local administrative processes.
Foreign investors are able to apply for a residence permit if they make a substantial investment into a business or entrepreneurial activity that benefits the local economy. This can include opening a company, creating jobs, contributing to economic development, or investing in innovative sectors. Understanding the specific rules and expectations in Lübeck is essential for anyone considering this legal path.
Why You May Need a Lawyer
Navigating the German residency and immigration legal system can be challenging, especially when it comes to investment and business-related applications. Here are some common situations where legal assistance is essential:
- Understanding the eligibility criteria and required investment amounts.
- Drafting and submitting a detailed business plan for the application.
- Communicating with local authorities and institutions in Lübeck.
- Ensuring compliance with both federal and local regulations.
- Dealing with denials, appeals, or complex case scenarios (e.g., family reunification, renewals).
- Handling tax and corporate law matters resulting from the investment.
- Clarifying long-term residency or naturalization options based on initial permits.
A lawyer specializing in German residency-by-investment, immigration, or business law will significantly increase the likelihood of a favorable outcome and can protect your interests throughout the process.
Local Laws Overview
Lübeck follows German federal law on residency permits but local interpretation and administration can influence the application process. Key aspects include:
- Section 21 of the German Residence Act (AufenthG): Allows third-country nationals (non-EU) to obtain a residence permit for self-employment or business investment. You typically need to demonstrate sufficient funds, economic viability, and a positive impact on the local economy.
- Business Plan Requirement: Applicants must submit a thorough business plan outlining the purpose, strategy, financial projections, and benefit to Lübeck’s economy.
- Job Creation and Economic Benefit: Local authorities may assess applications based on the number of jobs created and the overall contribution to regional development.
- Renewal and Permanent Residency: After several years of successful business activity and legal residence, it may be possible to apply for permanent residency (Niederlassungserlaubnis).
- Family Reunification: Immediate family members can usually join the primary applicant, subject to additional conditions.
Interpretation and detailed requirements may vary between different German states and cities, so it’s important to understand regional guidance in Lübeck.
Frequently Asked Questions
What qualifies as a “Golden Visa” in Lübeck, Germany?
While Germany does not use the term "Golden Visa," residency for investors is available via the self-employment or entrepreneur route, primarily under Section 21 of the Residence Act.
How much do I need to invest to qualify?
There is no fixed minimum investment, but authorities typically expect a substantial contribution, often above €250,000, depending on the business concept and its viability.
Do I have to create jobs with my investment?
Yes, applications are assessed based on economic benefit, including creating or maintaining local jobs in Lübeck.
Can I bring my family members with me?
Yes, spouses and minor children can generally join the main applicant through family reunification processes, provided you can support them adequately.
How long does it take to get the permit?
Processing times vary but generally range from three to six months, depending on case complexity and completeness of documentation.
Is this the same as buying a passport?
No, the German scheme is for residency, not direct citizenship. Citizenship can only be applied for after several years of legal residency.
What happens if my business fails?
Your residency status depends on the ongoing success and feasibility of your business. If your business fails, your permit may not be renewed unless you establish a new qualifying enterprise.
Do I need to live in Lübeck full-time?
You are expected to have your main residence in Germany, although there is some flexibility depending on the structure and demands of your business.
What is the pathway to permanent residency or citizenship?
After a number of years (usually three to five) of successful business activity, you may apply for permanent residency. Acquisition of citizenship has further requirements, including language proficiency and integration.
Can I invest in real estate to qualify?
Unlike other countries, direct real estate investment is not a sufficient criterion for residency in Germany. The pathway is primarily via entrepreneurial businesses that benefit the region.
Additional Resources
Here are some useful organizations and bodies to consult on Golden Visa and investment-linked residency in Lübeck:
- City of Lübeck Foreigners' Office (Ausländerbehörde) – for local residency applications and information.
- German Federal Office for Migration and Refugees (BAMF) – provides general regulatory guidance on residency for entrepreneurs and self-employed individuals.
- Chamber of Industry and Commerce Lübeck (IHK Lübeck) – offers advice on setting up businesses and business plans.
- Local bar associations and directories – for finding specialized immigration or business lawyers.
- Federal Ministry for Economic Affairs and Climate Action – for entrepreneurial support programs.
Next Steps
If you are considering applying for Germany’s investor residency pathway in Lübeck, follow these steps:
- Carefully research residency and investment requirements relevant to your circumstances.
- Prepare a comprehensive business plan outlining your investment and its benefit to Lübeck.
- Consult with a qualified local lawyer who specializes in immigration, business, or investment law to review your plans and advise on compliance.
- Gather all necessary documentation, including evidence of investment funds and experience.
- Contact the local Foreigners’ Office (Ausländerbehörde) in Lübeck to understand specific procedures and submit your application.
- Prepare for possible interviews or requests for additional documentation from authorities.
- Once approved, follow all legal obligations for business operation and residency in Germany to maintain your permit status.
A specialized lawyer will be able to guide you through each step, help prepare documentation, and represent your interests with local authorities.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.