Business Immigration as an Entrepreneur or Investor
Ukrainian investors and entrepreneurs in Germany can apply for the German self-employment visa under § 21 German Residence Act. At Schlun & Elseven Rechtsanwälte, our business immigration lawyers have supported our clients worldwide in applying for this visa. To be successful with an application, the entrepreneur must provide a business concept that the German authorities will carefully analyse. The business model should fulfil the criteria required under German law, which are the following three requirements:
- It must meet an economic interest or regional need,
- It shall have a positive impact on the economy,
- The financing must be secured by equity capital or a loan commitment.
In determining whether applications meet the standard, the competent authorities assess them using the following criteria:
- The viability of the underlying business plan,
- The relevant business experience of the applicant,
- The amount of money to be invested in Germany,
- The businesses’ impact on the employment and training situation,
- The project’s contribution to innovation and research.
Our team will provide you with the necessary guidance to meet these steps.
A benefit of this visa form is that the applicant does not need to prove knowledge of the German language and does not need to demonstrate specific qualifications for an application be successful. A successful application also opens the door to future permanent residency and even citizenship in Germany.