Best Golden Visa Lawyers in Nuremberg

About Golden Visa Law in Nuremberg, Germany

The term "Golden Visa" generally refers to residence-by-investment programs that allow non-EU nationals to obtain residency—and sometimes citizenship—by making significant investments in a country's economy. Unlike some European countries with well-publicized Golden Visa schemes, Germany does not offer a traditional Golden Visa program. However, Germany provides similar pathways for investors and entrepreneurs to obtain residency permits based on substantial investment that can benefit the local or national economy. In cities like Nuremberg, this often involves setting up a business, investing in innovative startups, or contributing to job creation. While the process is rigorous and subject to strict legal requirements, it can be an attractive possibility for those wishing to live, work, or eventually settle in Germany.

Why You May Need a Lawyer

Navigating the legal process for residency through investment in Germany can be complex and time-consuming. You may require the assistance of a lawyer in the following situations:

• Assessing eligibility for a residence permit based on investment or business activity
• Preparing and reviewing the necessary documentation and business plans
• Understanding local regulations and complying with immigration and corporate law
• Interfacing with local authorities and responding to their requests
• Appealing a rejected application or dealing with legal issues post-approval
• Ensuring ongoing compliance to maintain residency status

A lawyer with experience in immigration and investment law can help avoid pitfalls and navigate the German legal landscape effectively.

Local Laws Overview

In Nuremberg, as in the rest of Germany, there is no specific "Golden Visa" law. Instead, relevant legal pathways include the §21 Residence Act (Aufenthaltsgesetz), which allows non-EU nationals to obtain residence permits for the purpose of self-employment or investment. Key legal aspects include:

• Business Investment: Applicants must demonstrate a viable business plan with a positive impact on the local economy, such as job creation or innovation.
• Minimum Investment: There is no legally fixed minimum investment, but authorities typically expect significant capital input (often €250,000 or more), depending on the business sector and local economic benefit.
• Documentation: Detailed business plans, evidence of financial resources, professional qualifications, and proof of health insurance are required.
• Approval: Local authorities, such as the Chamber of Industry and Commerce (IHK Nuremberg), play an important advisory role in evaluating business proposals.
• Residence Permit: Initial permits are usually issued for up to three years, with the possibility of renewal and eventual path to permanent residency if the business is successful.
• Family Members: Spouses and minor children may be eligible to join the applicant under certain conditions.

These processes are subject to changes and local interpretation, making legal guidance particularly important.

Frequently Asked Questions

What is Germany's equivalent of the Golden Visa program?

Germany offers residency for investors and entrepreneurs through its Residence Act, enabling those who create a viable business with positive economic effects to apply for a residence permit, rather than a "Golden Visa" in the traditional sense.

What are the main requirements for obtaining an investment-based residence permit?

Applicants must present a solid business plan, demonstrate that they have the required financial means, show relevant business experience, and prove that their venture benefits the German economy.

Is there a fixed amount I must invest?

There is no fixed minimum investment required by law, but investments typically start at €250,000. The necessity and adequacy of your investment will be assessed based on the economic impact of your business proposal.

Can I include my family members in my application?

Yes, spouses and children under 18 can generally accompany the main applicant, provided that certain conditions regarding accommodation and financial support are met.

Do I need to reside in Nuremberg full-time?

You are expected to make Germany your primary residence while holding the permit. Authorities will look for evidence that you genuinely live and manage your business in Germany.

How long does the application process take?

Processing times vary by application complexity and local authority workload. On average, it may take several months from submitting your application to receiving a decision.

What happens if my application is denied?

You have the right to appeal a rejection. Legal representation is highly recommended for appeals, as these processes can be intricate and require in-depth legal argumentation.

Can this permit lead to permanent residency or citizenship?

Yes, after several years of continuous and successful business activity in Germany, it is possible to apply for a permanent settlement permit, and later, naturalization as a German citizen if additional criteria are met.

Who evaluates my business plan?

Local economic organizations, such as the Chamber of Commerce and Industry (IHK Nuremberg), assess business plans and provide recommendations as part of the application process.

What legal documents will I need to submit?

Required documents typically include your business plan, proof of investment funds, a valid passport, health insurance, CV, certificates of professional experience, rental agreement for your residence, and, if applicable, family documents.

Additional Resources

For those seeking more information or guidance, the following resources are useful:

• Foreigners' Office Nuremberg (Ausländerbehörde Nürnberg): Handles residence permit applications.
• Chamber of Commerce and Industry Nuremberg (IHK Nürnberg): Offers advice and evaluates business proposals.
• Federal Office for Migration and Refugees (BAMF): Provides information on residence permits and immigration rules.
• German Business Immigration Portal: Official guidance for investors and entrepreneurs.
• Local law firms specializing in immigration and investment law.

Next Steps

If you are considering applying for a residence permit through investment or business activity in Nuremberg:

1. Consult with a qualified lawyer experienced in investment and immigration law for a personalized assessment of your eligibility.
2. Prepare a comprehensive business plan and gather necessary financial and legal documentation.
3. Contact local authorities or the IHK Nuremberg to discuss your business idea.
4. Submit your application to the Foreigners' Office in Nuremberg with all required documentation.
5. Be prepared to attend interviews, provide additional information, and work closely with your legal advisor throughout the process.

Legal expertise is invaluable throughout this process, helping to anticipate potential challenges and ensuring compliance with all regulatory requirements.