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About Golden Visa Law in Oldenburg, Germany

The "Golden Visa" is a term popularly used to describe residency-by-investment schemes through which non-EU nationals can gain residency rights in a European country by making qualifying investments. In Germany, including Oldenburg, there is no official program called the "Golden Visa," but the country offers similar pathways under its investor and entrepreneur residency laws. These provisions allow non-EU nationals to obtain residence permits if they make significant investments in the German economy, particularly by founding or investing in businesses that generate economic benefit for the region. Oldenburg, as a city in Lower Saxony, follows these national German regulations but also reflects local economic interests and administrative practices.

Why You May Need a Lawyer

Navigating the German residency-by-investment process-for example, to secure a business residence permit-can be complex and legally challenging. You may need a lawyer for the following reasons:

  • Understanding eligibility: Determining whether your investment or business plan meets the legal requirements for residency.
  • Preparing applications: Compiling necessary documentation and ensuring accuracy to avoid delays or rejections.
  • Business plan assessment: Ensuring your proposed business serves the economic interests of Oldenburg and has realistic prospects for success.
  • Liaison with local authorities: Communicating with the Ausländerbehörde (Foreigners' Registration Office) and economic chambers on your behalf.
  • Handling appeals: Assisting with appeals if your application is denied or delayed.
  • Post-residency legal advice: Assistance with renewing visas, permanent residency, family reunification, and compliance with local laws.

Local Laws Overview

The main legal pathway for a "Golden Visa"-style residency in Oldenburg is Germany’s Section 21 of the Residence Act (Aufenthaltsgesetz), which concerns self-employment and investment. Key legal aspects include:

  • Business investment: Applicants must demonstrate a realistic business idea or investment, with sufficient financing and a positive economic impact on the region.
  • Economic benefit: The investment should generate jobs or satisfy economic or regional interests, benefiting Oldenburg's local economy.
  • Documentation: Applicants are required to present a thorough business plan, funding sources, credentials, and sometimes proof of language or qualifications.
  • Administrative authorities: The application process involves local economic chambers (IHK), the Ausländerbehörde, and sometimes state authorities.
  • Renewal and transition: Residence permits are usually temporary at first, with opportunities for permanent residency after fulfilling legal criteria.

Frequently Asked Questions

What is a Golden Visa, and does Germany offer it?

Germany does not have a program officially called a "Golden Visa," but offers similar residency-by-investment opportunities via entrepreneur and investor permits under the Residence Act.

What are the investment requirements in Oldenburg, Germany?

There is no fixed minimum investment sum, but the investment must have a positive economic impact. In practice, investments typically range from 250,000 to 500,000 euros, but acceptance depends on the viability and benefit of the business plan.

Can I get permanent residency through investment?

Yes, after holding a temporary residence permit for several years (usually 3 years for self-employed individuals), and showing business success, you may qualify for permanent residency (Niederlassungserlaubnis).

Is it possible to bring my family with me?

Yes, your spouse and minor children can generally join you under family reunification provisions, provided you have adequate accommodation and funds.

Is knowledge of the German language required?

While initial business residence may not require German language proficiency, a basic level (A1 or A2) is highly beneficial, and higher levels may be required for permanent residency.

How long does the visa process take in Oldenburg?

Processing times vary but typically range from a few months to over half a year, depending on the complexity of the application and official workload.

Can I invest in real estate to qualify for residency?

Investment must usually be in a business activity (such as founding or acquiring a company) that creates economic benefit. Passive real estate investment alone does not normally qualify.

Who assesses whether my business plan is sufficient?

The local economic chamber (IHK Oldenburg) and the Foreigners' Office evaluate the economic viability and benefit of your business plan.

What kinds of businesses are favored in Oldenburg?

Businesses that align with local economic needs, such as IT, renewable energy, engineering, and skilled trades, are positively viewed, but a wide variety of proposals are considered.

What happens if my application is denied?

You can appeal the decision or apply again with a revised business plan. A specialist immigration lawyer can advise you on the best course of action.

Additional Resources

If you’re seeking more information or assistance with Golden Visa issues in Oldenburg, consider the following resources:

  • Ausländerbehörde Oldenburg (Foreigners' Registration Office): Handles residency permit applications and provides guidance specific to Oldenburg.
  • IHK Oldenburg (Industrie- und Handelskammer): Assesses business plans and certifies economic benefit for investment-based residency applications.
  • Federal Office for Migration and Refugees (BAMF): Offers information on German immigration laws and processes.
  • Local specialized immigration lawyers: Provide tailored legal advice and manage application and appeal processes.
  • Foreign embassies/consulates: Useful for document authentication, translations, and information about starting the process from abroad.

Next Steps

If you require legal assistance with your Golden Visa or investment-based residency in Oldenburg, follow these suggested steps:

  • Gather detailed information about your business experience, investment funds, and business idea.
  • Contact a local immigration lawyer specializing in investment and business migration.
  • Request an initial consultation to evaluate your eligibility.
  • Prepare the necessary documents: business plan, proof of funds, credentials, and identification.
  • Work with your lawyer to submit a precise and complete application to the relevant Oldenburg authorities.
  • Follow up regularly with the authorities and your lawyer for updates and respond promptly to any further information requests.

With the right preparation and professional advice, you can greatly improve your chances of successfully obtaining residency in Oldenburg, Germany through investment.

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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.