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Residence by investment, sometimes referred to as a "Golden Visa" or investor visa, allows non-Norwegian citizens to obtain residency rights in exchange for significant investments in the country. In Drammen, as in the rest of Norway, residency is not typically granted based solely on passive investment such as purchasing property. The Norwegian government emphasizes contributions through business establishment, job creation, or high-value entrepreneurship. Anyone considering relocating to Drammen through investment must understand the rules and processes set out under Norwegian immigration laws and specific requirements that apply to business owners, investors, or innovators.
Securing residency in Drammen through investment is a complex process involving several government agencies, strict documentation, and compliance requirements. People may need a lawyer for reasons including:
An experienced lawyer can enhance your chances of a successful application, help you avoid costly mistakes, and provide peace of mind throughout the process.
Norway does not have a standard "residence by investment" program like some other European countries. Most investment-based residence permits in Drammen are classified under rules for self-employed persons, entrepreneurs, or those starting innovative businesses. Key points to consider include:
Local regulations in Drammen may also affect the types of businesses considered beneficial or welcome. Working with authorities and legal counsel knowledgeable in Drammen’s business environment is advisable.
Norwegian law emphasizes active investment, such as establishing or investing in a local business, rather than passive investments like purchasing property.
No. Purchasing real estate in Norway does not grant you a residence permit. Investment must usually be tied to starting or supporting a business.
No set minimum amount exists, but the investment must support a viable business that can sustain you and provide benefits such as job creation.
Processing times vary, but applications may take several months depending on complexity and demand. Having complete documentation can help avoid delays.
The start-up visa is for entrepreneurs with innovative ideas and a scalable business plan. Applicants must demonstrate their project’s value to the Norwegian economy. This is possible in Drammen if all requirements are met.
Yes. Spouses, registered partners, and dependent children can generally be included, but each application is assessed individually.
You must maintain the business or investment, comply with tax and reporting rules, and generally live in Norway for the required period each year.
Yes. After three years (or longer, depending on circumstances) of legal residence, you may become eligible for permanent residency, and later for citizenship if all criteria are met.
Usually, your permit is tied to your business activity. Working for another employer may require changing your permit type or obtaining additional authorizations.
If your business ceases to operate, your residence permit may be withdrawn unless you can find another legal basis to stay in Norway. Legal guidance is highly recommended in such cases.
If you are considering residence by investment in Drammen, the following resources and organizations may be helpful:
If you are considering applying for residence by investment in Drammen and require legal guidance, follow these steps:
Getting proper legal advice early in the process can save time, reduce stress, and improve the likelihood of a successful outcome for you and your family.
