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Has Germany suspended its investment immigration options?

I heard that in the past, one can obtain German residency by investing and run a business in Germany. Recently I heard that the government suspended this option. Is this true? If so, when can we expect this option to be resumed?


Answers
  • GHENDLER RUVINSKIJ Rechtsanwälte Partnerschaftsgesellschaft mbB
    March 19, 2020

    The possibility of obtaining a residence permit through investment is regulated by law. The government can only suspend legal regulation by changing the law. The investment needs to fulfill the needs of Germany; have a beneficial economic impact; be fully covered by the own capital of the client or bank loan. To ensure the sustainability of the business project, the following criteria will also be taken into account: viability of the business plan; the relevant business experience; amount to be invested in Germany; impact of the business project on employment and skills; contribution of the project to innovation and research. We recommend that our clients develop a business idea; draft a business plan; discuss the business plan with the local Chamber of Commerce and Industry; incorporate a company; apply for visa according to § 21 AufenthG; enter Germany and registration with the local registration office; apply for a residence permit by submitting of all documents.

  • Schlun & Elseven Rechtsanwälte
    March 19, 2020

    Due to the coronavirus situation, Germany has decided to have a travel ban for the upcoming 30 days. But this will have no impact on the existing and future visa applications. It is still possible to obtain a residence permit as an entrepreneur in Germany according to the § 21 Residence Act.