Best Residence by Investment Lawyers in Haßfurt

About Residence by Investment Law in Haßfurt, Germany

Residence by investment, also known as “Golden Visa” or “Investor Visa”, refers to the process where individuals can obtain legal residency in a country by making a significant financial investment. In Germany, including Haßfurt (a town in the Bavarian region), this is commonly achieved through entrepreneurial investment or by founding a business that benefits the local economy. While Germany does not offer a direct citizenship-by-investment program, its residence laws enable non-European Union (EU) nationals and their families to secure residence permits, provided they make substantial and beneficial investments in the region.

Why You May Need a Lawyer

Navigating residence by investment in Haßfurt can be complex due to the intersection of immigration, business, and tax law. Here are some situations where legal advice is essential:

• Choosing the appropriate investment structure and meeting the minimum investment threshold.
• Drafting and reviewing business plans required by migration authorities.
• Adhering to local business laws and regulations in Haßfurt and Germany as a whole.
• Communicating with immigration and governmental offices regarding residence permit applications.
• Addressing challenges such as permit refusals, extension issues, or compliance checks.
• Managing family reunification or dependents’ permits as part of the residence application.
• Clarifying tax obligations arising from your investment and new resident status.

Local Laws Overview

German residence by investment is based principally on Sections 21 and 7 of the German Residence Act (Aufenthaltsgesetz). Some key aspects relevant to Haßfurt include:

• Business Investment: Investors must demonstrate a viable business plan that supports the local economy. Start-ups, company formation, or capital investment are typical routes.
• Minimum Investment: There is no officially set minimum, but authorities usually expect at least €250,000-€360,000 in investment or job creation through your business.
• Economic Benefit: Your business idea must meet economic interest or regional need, create or secure jobs, and show positive impact for Haßfurt or the wider Franconian area.
• Residence Permit Duration: Initial permits are usually valid for up to three years, with possible extension if the business remains successful and operational.
• Family Reunification: Spouses and dependent children can often obtain residence permits alongside the main applicant.
• Permanent Residency and Naturalization: After several years (typically after three to five), it may be possible to apply for permanent residence, and later, German citizenship under certain conditions.
• Local Authority Involvement: Applications in Haßfurt are processed by the local Foreigners’ Office (Ausländerbehörde) and often require input from the Chamber of Industry and Commerce (IHK).

Frequently Asked Questions

What is the main route for residence by investment in Haßfurt?

The primary route is via business investment, such as founding a company, starting a business, or making a substantial investment that benefits the regional economy.

Is there a minimum investment amount?

Although there is no officially fixed amount in the law, authorities typically look for investments of €250,000 or more, and the potential to create jobs.

Can my family join me if I obtain a residence by investment permit?

Yes, spouses and minor children can usually join you and obtain their own residence permits.

How long does the application process take?

Processing times vary but generally range from several weeks to a few months, depending on the complexity of the investment and supporting documentation.

What types of businesses qualify for residence by investment?

Most types are considered, provided they benefit the local economy, are viable, and have a solid business plan. Service, manufacturing, and tech sectors are common examples.

Can I apply for permanent residency or citizenship later?

If your business is successful and meets requirements, you may apply for permanent residency after a few years and potentially citizenship after a longer period of lawful residence.

Is English sufficient for the application process?

Most official processes, forms, and business documents need to be in German, though some officials may communicate in English. Legal assistance is recommended.

Are there any restrictions on the nationalities of applicants?

Most non-EU nationals can apply. However, some countries under EU sanction lists may face additional scrutiny or restrictions.

Will my residence permit allow me to travel or work elsewhere in the EU?

A German residence permit allows travel within the Schengen Area, but does not grant work rights in other EU countries without meeting further criteria.

What happens if my business is unsuccessful?

Extensions and permanent residency are tied to the ongoing success of your business or investment. If your business fails, your stay permit may not be renewed unless you meet other criteria.

Additional Resources

Besides consulting a qualified immigration or investment lawyer, helpful resources include:

• Ausländerbehörde Haßfurt (Local Foreigners' Office): Processes applications and provides information on residence permits.
• IHK (Chamber of Industry and Commerce) Mainfranken: Offers guidance and evaluates business plans for investment migrants.
• BAMF (Federal Office for Migration and Refugees): Publishes guidelines and legal framework information regarding residence permits and migration.
• Municipality of Haßfurt: Can provide local economic data, business incentives, and regional requirements.
• German Missions Abroad: Consulates and embassies can assist with visa and residence queries before entry.

Next Steps

If you are considering residence by investment in Haßfurt, Germany and need legal assistance:

• Consult with a specialized lawyer in immigration and investment law who understands the local regulations and expectations in Haßfurt.
• Prepare a comprehensive business plan or investment proposal; legal professionals can help ensure it meets authority standards.
• Gather all necessary legal documents, financial statements, and evidence of your business background.
• Make contact with the Haßfurt Ausländerbehörde and, if necessary, the local Chamber of Commerce for additional guidance.
• Stay updated on relevant laws and requirements as migration regulations can change over time.
• Retain a local legal representative to facilitate communication with authorities and streamline your application process.

Seek out reputable legal firms or organizations with experience in residence by investment to maximize your chances of a successful application and long-term residence in Haßfurt.