Germany Residency Visa Program – Solingen 2021

Looking to obtain German residency by investing in property or a passive business venture? The Solingen based Residency Visa Program was recently updated and has become even more affordable for Non-European families. While no official German Golden Visa program exists, foreign national wishing to become residence of Germany may apply by simply complying with the immigration laws related to self-employment, by taking up an economic activity in the local municipality of Solingen.

Your spouse and all children under the age of 18 may be included in the application.

Under this regional German residency program, an applicant must be willing to make a significant foreign direct investment into a regional development fund. In return, indefinite residency will be granted permitting the investor and their family the option to relocate and establish themselves in one of the safest, most stable, and economically strong countries.

Find out more about the German Residency  Visa Program below, or contact us for more information.

 

The German Residency Visa Program at a glance

The GRVP allows for the granting of indefinite residency to non-EU individuals and their families. The application process takes 2 to 3 months, and has a number of requirements which the main applicant must meet.

Our specialist service providers offer you professional guidance from start to finish. Equipped with a unique mix of expertise and an in-depth knowledge of the program, you are guaranteed sound advice as well as assistance with becoming residence in a country offering great opportunities for you and your family.

Benefits of the GRVP

  • Visa free travel within the Schengen area

  • No minimum number of stay days required in order to maintain residence status

  • Return on investment

  • Physical relocation to anywhere in Germany is possibly but not mandatory

  • Grants the right to set up a business in Germany and or take up employment

  • The program permits the investor to apply for residency for a family including a spouse and children under

  • Currently offers an extremely competitive program compared to other European residency programs

  • A superb second residence solution for investors from countries not allowing dual citizenship

  • Required investment from €250,000

  • Germany is one of the world’s top first world countries to raise a family

Tax implications

 Individuals who are considered a resident of Germany but not domiciled only pay tax on income earned within or remitted to Germany. If individuals spend more than 183 days per annum in Germany or make the country their primary place of residence, they are taxed on their worldwide income.

GRVP: Minimum investment requirements

In order to qualify for German residency under this investor visa program you must hold a qualifying investment into an Entrepreneurial Development company at €250,000 for a minimum of 5-years from the date of issuance of your residency certificate:

  • The investment is to be made in a real estate development project

  • There is a maximum of 10 clients per OHG company; each investing at €250,000

  • The project is split into phases for each building: office, residential, kindergarten, school or medical centre

  • The development time frame is 2-3 years for each phase

  • Once the development is completed the building will be rented out with a target return of 3-5%

  • After at least 5 years (and once the building is completed and rented out plus all 10 clients have received their Permanent Residence) the sale process starts

  • The sales process is expected to take at least 12 months until the sales are confirmed

  • The sales proceeds will then be distributed to all shareholders and the company.

GRVP Investment Requirement & Fees

Individual

Family of 4

Solingen Entrepreneurial Development

Fund

€250,000

€250,000

Application and Processing Fees

€65,000

€65,000

Application Legal Fees

€20,000

€20,000

Residence Card and Certificate

€356

€1,280

Leased Property (3 years)

€20,000

€20,000

Sub-Total

€355,356

€356,280

Note: The total cost of the GRVP is approximately €355,356 per family. The above includes a rental address in Solingen for three years. However, please note that this estimate is based on average rental costs in the city.

Additional program requirements

  • DOMICILE REQUIREMENT: Each primary applicant is expected to have a physical address in Solingen for the first 3 years of holding residency. The address may be rented or purchased and has to be in Solingen until the main applicant has qualified for Permanent Residence. It may then be changed to any place in Germany. The investment location is in Solingen, however you are allowed to live and work anywhere in Germany.

  • GENERAL: To qualify for the GRVP, the main applicant must be at least 18 years of age, be a third country national, non-EEA and non-Swiss, meet the investment requirements of the program, have a clean criminal record and be in good health.

Why invest in Germany

With an interesting and rich history narrated by the old-fashion and colourful architecture, castles, palaces, cathedrals and monuments themselves, its landscapes, mountains and forests, delicious food and beer.

Germany is the seventh-largest country in Europe. Covering an area of 137,847 square miles, of which 34,836 square miles is covered by land and 3,011 square miles contains water

  • Germany shares borders with nine other countries. Denmark, Poland, the Czech Republic, Austria, Switzerland, France, Belgium, Luxembourg and the

  • Germany is the EU’s largest economy. With a gross domestic product (GDP) of 3.73 trillion USD and lies fourth place in the world behind the US, China and

  • University is free for everyone (even non-Germans).

  • There’s no denying that the German standard of living is excellent in global terms, but even compared with her European neighbours, Germany stands out. A combination of high wages, low costs of living, effective transport and low levels of governmental corruption contribute to making Germany one of the most liveable countries in the

  • Germany has some of the world’s advanced medical facilities..

The GRVP Application Process

WEEK 1:

Main applicant and family members apply to participate in the investment program and simultaneously apply for the German residency. Transfer a refundable deposit to secure a slot in the program and initiate the process for the residency.

WEEK 2:

A pre-authorization for the residency is conducted with the local municipality, which is then sent to investors local German Embassy or Consulate. An escrow account is opened in the main applicant’s name.

Within 14 days of receiving the pre- authorization letter they transfer the balance of the investment amount, fees, expenses and taxes.

WEEK 5:

Main applicant and family apply for the 90 Days National D-Visa at their local German Embassy or Consulate.

WEEK 7:

D-Visa issued (valid for 3 months). Main applicant and the family sign up for the German health insurance and residential address in the local municipality. The applicant and the family travel to Germany to complete the residency application with the local municipality and receive their residence status.