{"id":3092,"date":"2021-10-04T12:16:38","date_gmt":"2021-10-04T10:16:38","guid":{"rendered":"https:\/\/zellerseyfert.com\/?page_id=3092"},"modified":"2022-03-03T14:36:40","modified_gmt":"2022-03-03T13:36:40","slug":"real-estate-owners","status":"publish","type":"page","link":"https:\/\/zellerseyfert.com\/en\/expertise\/expat-law\/business-visa-law\/real-estate-owners\/","title":{"rendered":"Real Estate Owner"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3092\" class=\"elementor elementor-3092\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24034a4 mb-section-medium mb-margin-bottom-75 elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24034a4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7338073\" data-id=\"7338073\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0bf7fff elementor-widget elementor-widget-image\" data-id=\"0bf7fff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/zellerseyfert.com\/wp-content\/uploads\/Bild-farbig_Real_Estate_Owners.jpg\" class=\"attachment-full size-full wp-image-3894\" alt=\"\" srcset=\"https:\/\/zellerseyfert.com\/wp-content\/uploads\/Bild-farbig_Real_Estate_Owners.jpg 1600w, https:\/\/zellerseyfert.com\/wp-content\/uploads\/Bild-farbig_Real_Estate_Owners-300x169.jpg 300w, https:\/\/zellerseyfert.com\/wp-content\/uploads\/Bild-farbig_Real_Estate_Owners-1024x576.jpg 1024w, https:\/\/zellerseyfert.com\/wp-content\/uploads\/Bild-farbig_Real_Estate_Owners-768x432.jpg 768w, https:\/\/zellerseyfert.com\/wp-content\/uploads\/Bild-farbig_Real_Estate_Owners-1536x864.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29cc9f3 mb-links-none elementor-widget elementor-widget-text-editor\" data-id=\"29cc9f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Residence in Germany for Real Estate Owners and Investors<\/h2><p>Real estate investors seeking to reside in Germany may find that the path is not as straightforward as other EU countries. On paper, Germany does not have a \u201cGolden Visa\u201d program that promises residency for the purchase of property alone. However, there are indeed ways in which economically advantaged individuals and families can obtain residence in Germany fairly easily.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8486ff mb-links-none elementor-widget elementor-widget-text-editor\" data-id=\"f8486ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Residence through Business Investment<\/h2><p>One well-known path is through investment into the local economy. Establishing a business opportunity is an important aspect that overseas investors can satisfy to obtain a residence permit in Germany. This should be unsurprising to those who wish to reside in Europe\u2019s strongest economic center. In order to reap the many benefits of living in Germany\u2014which include a high quality of life, strong healthcare system, top public education, and relatively low crime rate in comparison to neighboring countries\u2014for this path,\u00a0<strong>residence for real estate owners must also include an economic component<\/strong>.<\/p><p>According to \u00a7 21 of the German Residence Act (<em>Aufenthaltsgesetz<\/em>, AufenthG), non-EU foreign nationals can obtain residency in Germany by following the laws relating to\u00a0<a href=\"https:\/\/zellerseyfert.com\/expertise\/expat-law\/business-visa-law\/company\/\">self-employment<\/a>.<\/p><h3>The Initial Investment Criteria<\/h3><p>To satisfy the monetary requirements, a minimum of\u00a0<strong>350,000 EUR<\/strong>\u00a0solely for investment should be set aside. This translates into the following ways:<\/p><ul><li>The purchase of real estate:\u00a0<strong>250,000 EUR<\/strong>\u00a0minimum<\/li><li>The establishment of an entrepreneurial business investment towards regional development:\u00a0<strong>100,000 EUR<\/strong>\u00a0minimum<\/li><\/ul><p>Of course, a full business plan and other documentation must be prepared to establish the economic portion. Full details on obtaining a visa for self-employment can be viewed on our\u00a0<a href=\"https:\/\/zellerseyfert.com\/expertise\/expat-law\/business-visa-law\/company\/\">Residence Permit page<\/a>.<\/p><h2>Residence through Economic Independence<\/h2><p>Another lesser-known path is through obtaining residence by proving that the applicant and his\/her family have enough assets to live and thrive in Germany without any government dependence. This is substantiated through \u00a7 7 (1) Sentence 3 AufenthG, in which residency is \u201cissued for a purpose not provided for by this law\u201d. This is ideal for well-off families who may not necessarily have a robust business plan but can still prove the possession of a monthly passive income (at least 3,500 EUR) in addition to substantial assets (starting around 1 million EUR per family).<\/p><p>As there are very few resources and clear laws to guide the orchestration of this residence path, the counsel of a qualified attorney is highly recommended to streamline the process.<\/p><h2>Pathways to citizenship<\/h2><p>Both business investors and financially independent individuals considering staying in Germany for the long haul can look forward to a clear pathway to citizenship after several years of domicile in Germany. The initial 3-year residence permit can be converted into\u00a0<strong>a settlement permit<\/strong> (also known as permanent residence) after three years for the principal applicant and after five years for their immediate family members (\u00a7 21 (4) AufenthG). After eight years of residency, permanent residence holders can apply for\u00a0<strong>German citizenship<\/strong>\u00a0and obtain a\u00a0<strong>German passport<\/strong>, which is known to rank as one of the highest passports in terms of travel freedom. The possession of B1-level German language capabilities is also required.<\/p><p>Certainly, individuals who seek to start a new life in Germany can seek the legal assistance of our attorneys, who have helped business professionals and investors navigate Germany\u2019s legal system for years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Residence in Germany for Real Estate Owners and Investors Real estate investors seeking to reside in Germany may find that the path is not as straightforward as other EU countries. On paper, Germany does not have a \u201cGolden Visa\u201d program that promises residency for the purchase of property alone. However, there are indeed ways in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4785,"parent":2680,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[44],"class_list":["post-3092","page","type-page","status-publish","has-post-thumbnail","hentry","tag-expertise-template"],"acf":[],"_links":{"self":[{"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/pages\/3092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/comments?post=3092"}],"version-history":[{"count":5,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/pages\/3092\/revisions"}],"predecessor-version":[{"id":6561,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/pages\/3092\/revisions\/6561"}],"up":[{"embeddable":true,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/pages\/2680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/media\/4785"}],"wp:attachment":[{"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/media?parent=3092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/categories?post=3092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zellerseyfert.com\/en\/wp-json\/wp\/v2\/tags?post=3092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}