Best Residence by Investment Lawyers in Erfurt

About Residence by Investment Law in Erfurt, Germany

Residence by Investment (RBI), sometimes called the "Golden Visa" program, allows individuals from non-EU countries to obtain residency in Germany by making a significant economic investment. This typically involves founding or investing in German businesses, particularly those that can demonstrate positive economic impacts, like job creation or technological advancement. In Erfurt, the capital of the Thuringia region, the demand for such opportunities is growing as the city continues to attract international entrepreneurs and investors. Germany’s RBI pathway is regulated under federal law but must take into account local economic development strategies and requirements set by regional authorities, including those in Erfurt.

Why You May Need a Lawyer

Navigating the requirements for Residence by Investment in Erfurt can be complex, and legal assistance is often crucial. You may need a lawyer if:

• You are unfamiliar with German immigration laws and procedures.
• You wish to ensure that your investment meets the legal and economic criteria for residency.
• Your application for residence is delayed or rejected, and you need to appeal or address legal issues.
• You require due diligence on investment options, risk assessment, and legal structuring of your investment in Germany.
• You have family members you wish to include in your application and need advice about reunification laws.
• Your situation involves potential tax, real estate, or employment law considerations.
• You require representation with local authorities or confidentiality regarding sensitive personal or financial information.

Local Laws Overview

Germany does not offer a classical "Golden Visa" for passive investors (such as real estate only). Instead, the relevant route for Residence by Investment is through Section 21 of the German Residence Act (Aufenthaltsgesetz), which covers self-employment and entrepreneurial investment. Key legal considerations in Erfurt and the wider Thuringia region include:

• Relevance of Business: Your investment must be of substantial economic interest to the region. Authorities in Erfurt evaluate the potential for job creation, positive economic contribution, and alignment with local development objectives.
• Minimum Investment Thresholds: While not explicitly stated, authorities generally expect a significant capital input, often starting from €250,000, but subject to local review.
• Business Plan and Evidence: Applicants must provide a detailed business plan, financial projections, and proof of funds.
• Legal Status & Registration: Your business must be registered in Germany, and you must comply with local commercial and trade regulations.
• Residence Permit Duration: Initial permits may be issued for up to three years and may be extended or converted into permanent residence if the investment remains active and successful.
• Local Authority Involvement: The Erfurt Ausländerbehörde (Foreigners’ Office) and regional Chambers of Commerce play a role in assessing the application and business viability.

Frequently Asked Questions

Who is eligible for Residence by Investment in Erfurt, Germany?

Non-EU nationals who intend to start or take over a business in Germany and can prove that their investment is economically beneficial to the region are eligible to apply for residence under the investor stream.

What type of investment qualifies for residency?

Primarily, investments through establishing or acquiring a business are recognized. The business should create jobs, introduce innovation, or benefit the local economy in Erfurt or Thuringia.

Is there a minimum investment amount?

There is no fixed national minimum, but regional authorities expect substantial investments—commonly from €250,000—with focus on business sustainability and economic impact.

Can I include my family members in the application?

Yes, spouses and dependent children can usually be included for family reunification, subject to additional requirements like health insurance and accommodation.

Do I need to speak German to qualify?

While language skills are not mandatory for the initial application, basic German proficiency may aid in business operations and is generally required for long-term residence or citizenship.

How long does the application process take?

Processing times vary but generally range from three to six months, depending on the complexity of your case and the completeness of your documentation.

Can real estate investment alone qualify me for residency?

No. Passive real estate investments (such as purchase without business activity) do not meet the requirements. The focus is on active entrepreneurial involvement.

Will residency eventually lead to citizenship?

Long-term residency can pave the way to permanent settlement after several years (usually three to five years), and eventually citizenship, subject to additional residency, integration, and language requirements.

Can a lawyer help if my application is denied?

Yes, a lawyer can analyze the reasons for denial, help you appeal, and advise on improving your application to meet local requirements.

Does my business have to be in Erfurt, or can I invest elsewhere in Germany?

To apply through Erfurt’s authorities, your business should be based in the city or the Thuringia region and demonstrate benefits to the local area.

Additional Resources

The following resources and organizations may assist individuals seeking residence by investment in Erfurt, Germany:

• Erfurt Ausländerbehörde (Foreigners’ Office): Handles immigration and residence applications.
• IHK Erfurt (Chamber of Commerce and Industry): Provides guidance on business registration, requirements, and regional economic development.
• Thuringia Investment Promotion Agency (LEG Thüringen): Supports business investment in the region.
• Federal Office for Migration and Refugees (BAMF): Offers information on residence permits, integration, and legal frameworks.
• Local law firms specializing in immigration and business law.
• Official websites of the City of Erfurt and the State of Thuringia.

Next Steps

If you are considering Residence by Investment in Erfurt, Germany, here are practical steps to take:

• Consult with an immigration lawyer or specialist familiar with Erfurt’s local requirements to assess your eligibility and strategy.
• Prepare a comprehensive business plan tailored to the economic needs of the region.
• Gather necessary documentation, including proof of funds, identification, and business intentions.
• Engage with the Erfurt Chamber of Commerce or investment agencies for regional guidance.
• If you experience legal challenges or need representation, contact a German-qualified lawyer who can liaise with local authorities on your behalf.
• Keep updated with changes in federal and regional law, as requirements and procedures may evolve.

Seeking early legal advice can help streamline your application process, improve your chances of approval, and ensure full compliance with German law while pursuing residence by investment in Erfurt.