Usually you will have to apply for the renewal of the self-employment visa at the competent aliens' registration office. Their officials, together with the local IHK, will examine the financial situation, other aspects and your business plan, then decide whether you will be granted a visa renewal. If you wish to sell your company and establish a new business, it will affect your visa for sure, but how much and how you deal with it will depend on the decision of the local aliens' registration office, the negotiation with them and your new business.
How can I renew my German self-employment visa if I make significant changes to my business?
I received my one-year self-employment visa in Germany last August. My original business is not running very well. I am considering selling it and using the money to establish another business in a different industry. Could this change impact the renewal of my self-employment visa?
The change could impact the renewal of the self-employment visa. We therefore highly advise providing the foreigner office with the new business plan and asking them for approval.