Best Residence by Investment Lawyers in Nuremberg

About Residence by Investment Law in Nuremberg, Germany

Residence by Investment, sometimes called “Golden Visa” or “Investor Visa,” refers to the process by which non-EU nationals can obtain legal residency in Germany through significant economic contributions. In Nuremberg, as in the rest of Germany, the most common path is via the investment under Section 21 of the German Residence Act, which allows entrepreneurs and investors to acquire a residence permit by starting or investing in a business that benefits the regional economy. Nuremberg, as a major economic and cultural hub in Bavaria, is often chosen for its strong infrastructure, business networks, and appealing quality of life.

Why You May Need a Lawyer

Residence by Investment involves complex legal, financial, and procedural requirements. Common situations where legal help is essential include:

• Understanding eligibility and the specifics of qualifying investments.
• Assisting with the preparation and submission of required documentation.
• Navigating business registration, tax, and compliance issues.
• Communicating with local authorities or immigration offices.
• Appealing a denied residence permit or handling administrative errors.
• Ensuring ongoing compliance with German law after receiving residency.
• Helping with family reunification or spousal/children permits as part of your investment residency plan.

Local Laws Overview

In Nuremberg, Residence by Investment is governed by national law (notably the German Residence Act, Aufenthaltsgesetz), but local authorities (Ausländerbehörde) have some discretion in enforcement:

• Minimum Investment: While there is no longer a fixed minimum capital, investments must demonstrate a “positive economic impact,” typically through sustainable job creation or beneficial business activity.
• Business Plan: A detailed, viable business plan is necessary and must show economic benefit to the Nuremberg area.
• Legal Entity: Most investors set up a GmbH (limited liability company) or similar structure. Proper registration is required with the local trade office.
• Personal Requirements: Clean criminal record, demonstrable funds, health insurance, and secure livelihood are mandatory.
• Application Process: Submit your application to the appropriate Ausländerbehörde (Foreigners' Office) in Nuremberg.
• Temporary Permit: Initial permits are usually for up to three years but can be extended or lead to permanent residency after fulfilling conditions.
• Family Inclusion: Permits are available for spouses and minor children under family reunification rules.

Frequently Asked Questions

What is the minimum investment required to obtain residency by investment in Nuremberg?

There is no official minimum investment set by law, but your business or investment must demonstrate substantial benefit to the local economy. Typically, investments starting at €250,000 are considered, but acceptance depends on your business plan and the projected impact.

Can I include my family in my residence by investment permit?

Yes, your spouse and minor children can usually be included under family reunification provisions, provided you have adequate living space and resources in Nuremberg.

Do I need to speak German to qualify for Residence by Investment?

While German language skills are not mandatory for the initial permit, having basic skills can be advantageous for business and integration. For permanent residency or citizenship, language proficiency is a requirement.

How long does the application process take?

Typically, the process from application to decision can take several months, often ranging from 3 to 6 months depending on the completeness of documentation and complexity of the case.

What types of businesses or investments qualify?

Any business that benefits the local economy can qualify, including startups, purchasing an existing business, or significant investments in real estate or industrial projects. Your proposal must be detailed and realistic.

Will I receive permanent residency immediately?

No. Initial residence permits are usually issued for up to three years. After maintaining your investment and fulfilling legal requirements, you may apply for permanent residency.

Is it possible to lose my residency if the investment fails?

Yes. If your business no longer operates or you no longer meet the requirements (such as sustainable income), your permit may be revoked. Maintaining compliance is essential.

What formal steps are involved in the application process?

You will need to prepare a comprehensive business plan, demonstrate sufficient funds, obtain business and trade registrations, submit your application to the local Ausländerbehörde, and attend interviews or provide additional evidence if requested.

Are there any tax obligations for investors?

Yes, running a business in Germany entails local and federal tax obligations. It is advisable to consult a tax advisor to understand your personal and corporate tax responsibilities in Nuremberg.

Can I travel within the EU with a German residence permit?

A German residence permit allows visa-free travel within the Schengen Area for up to 90 days in a 180-day period, but it does not grant you residency rights in other EU countries.

Additional Resources

The following organizations and government offices provide reliable information or assistance regarding Residence by Investment in Nuremberg:

• Bavarian State Ministry of the Interior and Integration – oversees integration and migration policies.
• Local Ausländerbehörde (Foreigners' Office) Nuremberg – handles applications and permits.
• Chamber of Commerce and Industry Nuremberg (IHK Nürnberg) – offers business guidance, legal information, and investment support.
• German Trade & Invest (GTAI) – provides information about investing in Germany.
• Certified immigration and business lawyers – assist with application preparation and legal compliance.

Next Steps

If you are considering, or have decided on, Residence by Investment in Nuremberg:

• Research the requirements and assess your eligibility based on your desired investment or business.
• Consult with a specialized immigration lawyer experienced in residency and business law in Nuremberg to review your plans.
• Prepare all necessary documentation, including a sound business plan and evidence of funds.
• Register your business through the appropriate local authorities and obtain necessary permits.
• Submit your application to the local Ausländerbehörde, ensuring all forms are complete and accurate.
• Follow up with your lawyer throughout the process to address challenges or requests from authorities.