This type of immigration is intended for businessmen who are managers and owners of at least 51 % of shares in a company registered and operating in Germany.
§21 AufenthG offers the possibility of a residence permit to entrepreneurs whose business is of economic interest to Germany and has a positive impact on the country's economy.
The following requirements are set for foreign businessmen who wish to register a company in Germany and move there permanently with a residence permit:
- The submitted business project satisfies the requirements of economic efficiency and feasibility for the economy of the particular German region.
- The business will generate an income of €4500 per month per founder. For the family of a businessperson, the minimum income requirements increase considerably.
- High personal and business qualities of the business founder.
Under German law, not only German residents, but also foreign nationals may set up a business in the Federal Republic of Germany. As the management of a German company often requires permanent residence in Germany, foreign nationals need a visa or residence permit for Germany.
It is best to open a limited liability company (GmbH) for a residence permit. The minimum authorised capital of the company to be established is 25,000.00 euros.
A businessperson is entitled to permanent residence after three years of residence in Germany, and family members are entitled to permanent residence after five years.
For more information on business immigration, financial aspects and finding the best immigration option for you based on an analysis of your current situation, see our consultation*.
* We only advise clients to the extent permitted by law. For in-depth legal or tax advice, we will recommend competent and experienced lawyers or tax advisers.
If you have questions or need more information, please contact us. We are here to help you.
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