Best Residence by Investment Lawyers in Taunusstein

About Residence by Investment Law in Taunusstein, Germany

Residence by Investment, often called "Golden Visa" programs, allow non-EU citizens to obtain a residence permit in Germany by making significant investments in the country. While Germany does not have a standalone "Golden Visa" program like some European countries, its legal framework provides for residency rights through business investment under sections of the German Residence Act (Aufenthaltsgesetz), specifically for entrepreneurs, investors, and self-employed individuals. In Taunusstein, a city in the state of Hesse, the national laws apply, but local business and planning regulations may also play a role in the residency approval process.

Why You May Need a Lawyer

Seeking a residence permit by investment in Taunusstein, Germany, involves navigating complex federal and local regulations. Common situations where people require legal assistance include:

• Understanding eligibility criteria for residency as an investor or entrepreneur.
• Preparing and reviewing investment or business plans that align with local economic interests.
• Dealing with detailed documentation requirements, translations, and legalizations.
• Communicating with immigration authorities and clarifying requests.
• Addressing tax residency and structuring investment to comply with German taxation laws.
• Representing applicants in case of rejections or appeals.
• Ensuring that family members’ permits are included in the application.

Local Laws Overview

Key legal aspects for Residence by Investment in Taunusstein, Germany include:

• German Residence Act (§21): Allows non-EU nationals to obtain temporary residence for self-employment or business investment if the venture meets local economic interests and is expected to have a positive impact.
• Minimum Investment: There is no fixed minimum investment amount in law, but authorities generally expect a substantial commitment (typically starting around €250,000–€500,000, depending on the business plan).
• Business Plan: The business or investment proposal must demonstrate viability, economic benefits, and local job creation. Authorities in Taunusstein may consult with the local Chamber of Commerce.
• Permanent Residence: After three to five years, successful entrepreneurs may apply for a permanent settlement permit (Niederlassungserlaubnis) if their business is successful and supports their livelihood.
• Family Reunification: Spouses and minor children can usually join under family reunification rules, provided certain requirements are met.
• Local Regulations: Compliance with local business, tax, and real estate rules in Taunusstein is necessary, in addition to federal regulations.

Frequently Asked Questions

What types of investment qualify for a residence permit in Taunusstein?

Typically, investments that create or sustain businesses, generate employment, or contribute to the local economy qualify. This most often takes the form of starting a company, acquiring a local business, or significant business-related investments.

How much do I need to invest to be eligible?

There is no legally fixed minimum, but in practice, authorities expect investments of at least €250,000. The required amount may vary based on the nature of the investment and economic impact on Taunusstein.

Can I include my family in the application?

Yes, immediate family members (spouse and minor children) can usually obtain residence permits alongside the main applicant through family reunification rules, provided accommodation and support requirements are met.

How long does the process take?

Processing times vary, but preparing documentation and receiving a decision from authorities typically takes between three to six months, depending on the case's complexity and responsiveness of local agencies.

Do I have to live in Taunusstein full-time?

You are generally required to have your main residence in Taunusstein and maintain active involvement in your business. Prolonged absences may risk loss of your residence permit.

What happens if my business fails?

If your business is not successful or ceases to operate, your residence permit may not be extended or could be revoked. Each case is considered individually, especially if the business failed for reasons beyond your control.

Will I get permanent residency or citizenship through investment?

A residence permit is initially temporary. If your business continues successfully for three to five years, you may apply for permanent settlement. Citizenship requires further residency and integration (usually eight years of residency).

Are there language requirements?

For initial residence permits, language proficiency isn't always mandatory. However, for permanent settlement or citizenship, German language skills (at least A2 to B1 level) are generally required.

What taxes will I have to pay?

Your tax obligations will depend on your personal and business activities. Businesses and residents in Taunusstein are subject to German tax laws, including income tax, trade tax, and possibly corporate tax.

Can I buy real estate and qualify for residence?

Buying real estate for personal use alone does not generally qualify. The investment must demonstrate an economic benefit, such as through a real estate development or business linked to property investment.

Additional Resources

If you are seeking legal advice or more information about residence by investment in Taunusstein, consider these helpful resources and organizations:

• Taunusstein City Administration (Stadtverwaltung Taunusstein): Provides local regulatory guidance and business registration support.
• Chamber of Commerce and Industry Wiesbaden (IHK Wiesbaden): Offers guidance on business establishment, local economy, and entrepreneurial support.
• Foreigners’ Authority (Ausländerbehörde Rheingau-Taunus-Kreis): Handles residence permits and can clarify requirements for non-EU nationals.
• German Missions Abroad: Consulates and embassies can assist with visa procedures and requirements before arriving in Germany.
• Reputable German Immigration Lawyers: Legal professionals specializing in immigration and business law can provide customized advice, prepare your application, and represent you if needed.

Next Steps

If you are considering residence by investment in Taunusstein, Germany, here is how to proceed:

1. Conduct a preliminary assessment to determine your eligibility and the most suitable investment or business path.
2. Consult with a qualified lawyer or immigration advisor experienced in German residence permits and local procedures in Taunusstein.
3. Prepare a comprehensive business or investment plan that meets local economic requirements and includes supporting documentation.
4. Submit your application to the relevant authorities, with legal oversight to ensure completeness and compliance.
5. Respond promptly to requests from authorities and attend required interviews or appointments as advised by your lawyer.
6. If you receive a decision, review it with your lawyer and take appropriate steps for yourself and any accompanying family members.
7. On arrival and throughout your stay, comply fully with the conditions of your residence permit, including local registration, tax, and business obligations.