Best Residence by Investment Lawyers in Neubrandenburg

About Residence by Investment Law in Neubrandenburg, Germany

Residence by Investment, often referred to as the "Golden Visa," is a legal means by which non-EU nationals can obtain temporary or permanent residency in Germany by making a qualifying investment. In Neubrandenburg—a city in the state of Mecklenburg-Vorpommern—this usually involves investing in local businesses, starting an enterprise, or in some cases, purchasing real estate (typically as part of a broader business plan rather than for passive holding). German law governs such applications at the federal level but local authorities in Neubrandenburg play a crucial role in evaluating and processing applications, especially in reviewing the local economic impact and lawful establishment of the investor.

Why You May Need a Lawyer

Seeking legal advice during the Residence by Investment process is highly recommended for several reasons:

• Understanding the detailed eligibility criteria and appropriate investment routes.
• Structuring a compliant business plan or investment proposal acceptable to local authorities.
• Navigating complex application procedures and documentary requirements.
• Appealing a denial or overcoming legal challenges (such as proving the economic benefit to Neubrandenburg).
• Handling language barriers and communication with government departments.
• Ensuring continued compliance with German immigration, tax, and business laws after obtaining residence.

Local Laws Overview

Residence by Investment in Neubrandenburg is primarily governed by Germany’s AufenthG (Residence Act), specifically Section 21, which relates to self-employment and entrepreneurial activity. Key points for investors include:

• The requirement to demonstrate a legitimate economic interest or regional demand for the investment, especially benefiting the local economy.
• Presentation of a sound business plan, sustainable financing, and evidence of personal qualifications or relevant experience.
• Investors must usually actively manage the business themselves; passive investments alone are not sufficient.
• The local Chamber of Commerce and the Foreigners' Authority (Ausländerbehörde) in Neubrandenburg assess the application.
• Residency is typically granted initially for up to three years, with the potential to apply for permanent residency under certain conditions.

Frequently Asked Questions

What types of investment qualify for residence in Neubrandenburg?

The most common route is through business investment—starting a new company or taking over an existing business in Neubrandenburg. Real estate purchases are not generally recognized unless tightly linked to a new business venture that benefits the local economy.

How much do I need to invest?

There is no fixed minimum amount set by law, but investments should be substantial enough to sustain a viable business plan and create local economic impact. Typically, this means a six-figure Euro amount.

Can my family members join me?

Yes, immediate family members (spouse and children under 18) can usually be included in your application for residence, provided you demonstrate the ability to support them.

Do I need to have German language skills?

While not required at the start, basic German language skills may be necessary for integration and are often required for extension of residence or permanent settlement.

What is the application process like?

After preparing your business plan and gathering documentation, you submit your application to the Ausländerbehörde in Neubrandenburg. They may consult with the local Chamber of Commerce before granting approval.

How long does the process take?

Processing times can vary, but applications typically take between three and six months to be reviewed and decided.

Can I apply while living outside Germany?

Yes, you can start the process from abroad by applying at your local German embassy or consulate, which will coordinate with local authorities in Neubrandenburg.

Will my residence permit be permanent?

Initial permits are usually temporary (up to three years), with the possibility of applying for permanent settlement if the business succeeds and you meet integration and financial requirements.

What happens if my business fails?

Your ability to maintain your residence status may be jeopardized if the business ceases operation. However, legal advice may help in restructuring or applying for a different permit.

Can I travel within the Schengen Area on a German residence permit?

Yes, a German residence permit allows visa-free travel within the Schengen Area for up to 90 days within any 180-day period.

Additional Resources

Consider consulting the following authorities and organizations for up-to-date guidance and potential support:

• Foreigners' Authority (Ausländerbehörde) in Neubrandenburg
• Chamber of Commerce and Industry Neubrandenburg (IHK Neubrandenburg)
• Mecklenburg-Vorpommern State Government Immigration Office
• German Federal Office for Migration and Refugees (BAMF)
• Local law firms specializing in immigration and business law

Next Steps

If you are considering a Residence by Investment pathway in Neubrandenburg, follow these steps:

1. Consult with a specialized immigration or business lawyer to assess your eligibility and discuss your options.
2. Develop a solid, locally relevant business plan with economic benefits for Neubrandenburg.
3. Gather all required personal and business documentation, including proof of investment funds and qualifications.
4. Submit your application to the Ausländerbehörde and stay in communication regarding any further requirements or clarifications.
5. After receiving approval, finalize your move and comply with ongoing legal and tax obligations in Germany.

Legal support can substantially improve your chances of success and help you avoid costly errors or delays during the residence application process.