Best Residence by Investment Lawyers in Virum

About Residence by Investment Law in Virum, Denmark

Residence by investment, sometimes known as a golden visa, is a legal pathway that allows individuals to obtain residency in a country by making a significant financial investment. In Denmark, and specifically in Virum, there is no official golden visa program as found in some other European countries. However, Denmark offers residence permits to investors and entrepreneurs under certain circumstances. These options can include establishing or investing in a business, creating job opportunities, or making substantial contributions to the local economy through investment.

Virum, as part of the Greater Copenhagen area, is subject to national Danish immigration and investment laws. Individuals interested in residing in Virum through investment must comply with these national regulations, ensuring their application meets the requirements set by the Danish Immigration Service and other relevant authorities.

Why You May Need a Lawyer

Applying for residence by investment in Denmark can be complex, with specific requirements that may be difficult to understand for those unfamiliar with Danish law. Here are some common situations where legal help is valuable:

• Understanding and interpreting Danish immigration statutes and business laws
• Ensuring eligibility before making an investment or establishing a company
• Preparing and submitting all required documentation accurately
• Responding to requests for additional information from authorities
• Appealing a denial or other adverse decision
• Navigating tax implications related to investment and residency
• Coordinating family member applications under the same or related schemes
• Managing compliance for ongoing residence or extending permits
• Addressing property law and contractual matters tied to the investment

A lawyer with expertise in Danish residence by investment cases can significantly improve your chances of a successful application and help avoid costly mistakes.

Local Laws Overview

Danish law governs all residence by investment cases in Virum. Key aspects include:

• No direct golden visa: Denmark does not offer a typical golden visa; instead, residence permits may be obtained through business start-up or investment via schemes such as the Start-up Denmark program or as an essential employee.
• Investment requirements: Applicants must demonstrate a genuine business plan, financial capability, and the potential to create value or employment in Denmark.
• Application process: Applications must be submitted to the Danish Agency for International Recruitment and Integration (SIRI), with supporting documents translated into Danish or English if needed.
• Business structure: Foreign investors often establish an ApS (private limited company), which has specific capital and management requirements under Danish law.
• Family reunification: Certain family members may accompany or join the applicant, subject to their own eligibility standards.
• Tax residency: Investors should be aware of rules regarding taxation, both for individuals and businesses, which may affect their financial planning.
• Local regulations: Both national and municipal rules in Virum (Lyngby-Taarbæk Municipality) may apply, especially in matters such as zoning, housing, and local business permits.

It is essential to stay informed about the latest requirements, as Danish immigration and business laws are updated periodically.

Frequently Asked Questions

What types of investment qualify for residence in Virum, Denmark?

Denmark does not have a standard real estate or passive investment residency program. Most investors apply through schemes for active business establishment, such as the Start-up Denmark program, where an innovative business plan and active participation are required.

Can I obtain permanent residency or citizenship through investment?

Investment alone does not directly lead to permanent residency or citizenship. However, after a number of years of legal residence, you may be eligible to apply for permanent residency or naturalization, provided you meet all requirements.

Are family members included in my application?

Certain close family members, such as spouses and minor children, may be eligible to accompany or join you. Each must apply for their own permit, subject to relevant requirements.

What are the minimum investment amounts required?

There is no fixed minimum investment. Instead, authorities assess whether your proposed business plan is viable and sufficiently funded. For an ApS, a minimum capital of DKK 40,000 is required, but real business costs will often be higher.

How long does the application process take?

Processing times vary, but business-related residence permit applications typically take 1 to 3 months once all documentation is received. Delays can occur if additional information is required.

Will my business need to create jobs for Danes?

While there is not always a strict job creation requirement, demonstrating that your business will create economic value or employment can strengthen your application.

Is knowledge of the Danish language required?

Not initially, but knowledge of Danish or English is beneficial. For long-term residency or citizenship, meeting Danish language requirements may become necessary.

Is it possible to buy real estate and obtain residency?

Buying property in Denmark does not automatically grant residency. Residence by investment typically requires active business involvement rather than passive real estate investment.

Can I extend my residence permit?

Yes. Extensions are possible if your business remains active and continues to meet the criteria. You must apply before your current permit expires.

What can I do if my application is denied?

You have the right to appeal a negative decision. It is advisable to consult a specialist lawyer, who can help you understand the reasons for denial and prepare a strong appeal.

Additional Resources

These organizations and agencies provide information and support for residence by investment and business establishment in Virum, Denmark:

• Danish Agency for International Recruitment and Integration (SIRI): Handles residence permit applications and information
• The Danish Immigration Service: Offers guidance on immigration rules and procedures
• Virum local authorities (Lyngby-Taarbæk Municipality): Provides localized guidance on housing permits, business activity, and registration
• Invest in Denmark (part of the Ministry of Foreign Affairs): Offers information for international investors and entrepreneurs
• The Danish Business Authority: Provides guidance on company formation, registration, and compliance
• Local legal and business advisory firms: Offer tailored advice and support with applications, contracts, and compliance

Next Steps

If you are considering residence by investment in Virum, Denmark, start by reviewing your options and understanding the requirements thoroughly. It is highly recommended to consult with a legal professional who has experience in both Danish immigration and business law. A lawyer can help you:

• Assess your eligibility based on your personal circumstances and business plans
• Prepare required documentation and submit a strong application
• Coordinate with local authorities in Virum for business or housing matters
• Address any tax, compliance, or appeal issues that may arise

Contact a reputable lawyer or legal advisory firm and prepare all relevant documents in advance. Remember to stay informed about any changes in Danish law that might affect your plans. Professional legal guidance can help you achieve your residency goals efficiently and with confidence.