Best Residence by Investment Lawyers in Bredstedt

About Residence by Investment Law in Bredstedt, Germany

Residence by Investment, sometimes referred to as "Golden Visa" programs, allows foreign nationals to acquire residency rights by making significant investments in a country's economy. In Germany, including Bredstedt (a town in the state of Schleswig-Holstein), there is no official "Golden Visa" program like those in some other EU countries. However, Germany has provisions under the German Residence Act (Aufenthaltsgesetz) that enable non-EU nationals to obtain a residence permit through investment, typically by starting or investing in a business. This route is most commonly utilized through the so-called "Section 21" residence permit, which applies to self-employed entrepreneurs and investors who create local economic benefits and new jobs.

Why You May Need a Lawyer

Navigating German residence law, particularly as it relates to investments, can be complex and varies by individual circumstances. You may need a lawyer for several reasons:

• Understanding eligibility requirements and the local legal framework
• Structuring your investment in a way that meets immigration criteria
• Preparing and submitting the necessary documentation and business plans
• Addressing legal issues around company formation, tax, and employment
• Advising on compliance, renewals, and eventual permanent residency or citizenship
• Handling appeals or complications in case of an application rejection

A lawyer with local expertise can help avoid costly mistakes and increase your chances of a successful application.

Local Laws Overview

The main legal basis for Residence by Investment in Bredstedt derives from national German law, primarily Section 21 of the German Residence Act. Key aspects relevant to applicants include:

• Business Investment: There is no fixed minimum investment, but authorities assess whether the planned business activity serves economic interests or meets regional needs.
• Business Plan: Applicants must provide a viable and detailed business plan demonstrating sustainability and local benefits.
• Job Creation: Projects that create jobs or benefit the local economy are more favorably considered.
• Local Integration: Authorities consider your qualifications, business experience, and commitment to operating in Bredstedt.
• Permits and Registration: The business must be properly registered, and all legal requirements for operating within Bredstedt must be met.
• Residence Permit: Usually issued for three years and potentially renewable or convertible to permanent residence, subject to ongoing business activity and compliance.
• Local Authority Role: The local Ausländerbehörde (Foreigners' Office) in Bredstedt assesses and processes your application.

While federal law sets the framework, local authorities interpret and apply these regulations, so local legal expertise is important.

Frequently Asked Questions

What is Residence by Investment and is it available in Bredstedt, Germany?

Residence by Investment refers to obtaining a residence permit by making an investment, usually through starting or investing in a business. In Bredstedt, there is no specific "Golden Visa," but you can apply through Section 21 (self-employment) if your investment benefits the local economy.

Is there a minimum investment amount required?

There is no fixed minimum investment, but the amount should be sufficient to realistically support your business plan and demonstrate substantial economic benefit to the region.

What kind of business activities qualify?

Activities that create local jobs, provide innovative products or services, or fulfill a regional need have a higher chance of approval. Retail, technology, manufacturing, and service industries are all possible options.

Can family members be included in my residence permit?

Yes, your spouse and minor children can apply for residence permits as your dependents, subject to demonstrating sufficient living space and means.

How long does the application process usually take?

Processing times vary, but typically range from a few months up to six months, depending on the complexity and completeness of your application.

Is fluency in German a requirement for applicants?

While language ability is not strictly required for initial applications, it can help with integration, business success, and future applications for permanent residence or citizenship.

Will the permit be permanent?

No, the first residence permit for self-employment is usually issued for up to three years. It can be extended or converted to a permanent settlement permit if your business is successful and you meet other requirements.

What happens if my business is not successful?

Your residence permit may not be renewed if your business fails to operate as planned. In such cases, seeking legal advice as early as possible is crucial.

Can I buy property and qualify for residence?

Buying property alone does not qualify for a residence permit in Germany. The primary route is business investment or self-employment, not passive investment.

Where do I apply, and who makes the decision?

You apply at the local Foreigners’ Office (Ausländerbehörde) in Bredstedt or your current country’s German embassy or consulate. The local authority, in consultation with economic bodies, makes the final decision.

Additional Resources

To assist you further, consider contacting or consulting the following organizations:

• Local Ausländerbehörde (Foreigners' Office) in Bredstedt: Handles residence applications and provides official guidance.
• Schleswig-Holstein Chamber of Commerce and Industry: Offers support for new businesses and may be involved in application assessment.
• German Federal Office for Migration and Refugees (BAMF): Provides official information on residence law and integration.
• Local law firms specializing in immigration and business law: Offer tailored advice for residence by investment cases.
• Business Development Agencies: Can provide support on starting or investing in a business in the region.

Next Steps

If you are considering Residence by Investment in Bredstedt, start by gathering detailed information about your intended business venture, your qualifications, and your investment plans. Consult with a local or specialized immigration lawyer to assess your chances and to assist in preparing the necessary documentation and business plan. Arrange a consultation with the local Foreigners’ Office for guidance on specific local requirements. Lastly, ensure your affairs in your home country are managed, as the process can require multiple trips and significant preparation.

Professional guidance can make all the difference in successfully obtaining residency by investment in Bredstedt, Germany.