Germany is a top country in terms of economic development in Europe. This is a country of big money and real opportunities, a country of prospects for innovative start-ups. No wonder that every year it becomes more and more popular for business immigration and the registration of new companies for start-ups. Fortunately, for active and creatively thinking entrepreneurs, there is a Start-up Visa program to Germany.
Germany is one of the most popular European countries among entrepreneurs who want to immigrate and develop their start-up. The progressive G-7 country remains attractive due to its loyalty to businessmen and start-up companies. 30% of foreign companies invested or immigrated to Germany.
In recent years, the start-up ecosystem of Germany has been a real engine in the European economy. To attract active and progressive entrepreneurs with innovative ideas, a start-up visa to Germany was introduced. This is a simplified immigration system, with obtaining a residence permit for yourself and the whole family. In the future, it gives the right to obtain permanent residence and even German citizenship.
Start-up founders from countries outside the EU do not even have to invest their personal capital in order to establish their own business in Germany. There are special investment and venture funds for this. They help starting enterprises with advice and finance them in the initial stages. Preferential bank loans are also provided, which is considered a profitable alternative to attracting investors. In the case of start-up development and loan repayment, the business remains in the ownership and control of the founder.
Benefits also apply to taxation for start-ups in Germany. So, with a small capital turnover and income of less than 8 thousand euros, Germany exempts the start-up from paying taxes.
Criteria for obtaining a start-up visa to Germany:
- lack of criminal record;
- confirmation of the availability of funds for a comfortable stay in Germany;
- knowledge of the German language at a basic level;
- the availability of the necessary funds to establish a start-up (minimum 25 thousand euros)
Germany’s attractiveness for business immigrants is also boosted by KfW State Bank. The bank is ready to provide up to 100 thousand euros of loan, provided that you can prove the prospects of start-up. In addition, there is a start-up incubator Main, whose goal is to develop a start-up ecosystem in the financial technologies area.
What are the requirements for a company applying for business immigration? Thus, a start-up should meet the following criteria:
- Innovation – the novelty of a product or service;
- Job creation;
- The average annual turnover is not lower than the established minimum;
An applicant for a start-up visa can count on a simplified procedure for issuing visas and residence permits for his family members as well. However, the entrepreneur must disclose in the application the novelty and importance of a start-up for Germany. To get the approval of the commission, the entrepreneur must prepare a convincing business plan and presentation of his company.
To ensure a full residence permit for its owner, a start-up should be an engine of progress both for Germany and for the entire region. This will help convince the business investor to breathe life into the project. The founder of a profitable start-up (with an income of about 700 euros per person) can obtain a residence permit in Germany. The entrepreneur receives a residence permit for three years with the possibility of extension if successful in the functioning of the company.
When confirming stable financial proceeds from his successful start-up, the applicant can apply for permanent residence in Germany. The start-up and his family get this right after three years of residence permit in Germany, confirmation of the success of an open business, or after 5 years of living in the country and passing the exam in German.
Thus, Germany remains a developed progressive country, which opens the door for active and innovative-minded entrepreneurs. By issuing start-up visas, a stable and economically powerful state invites business immigrants to realize their ideas in the European market.
As in Canada, in Germany you can not invest your own funds in the start-up base. However, the Canadian start-up visa serves as a springboard for permanent residence and Canadian citizenship, under which up to 5
co-owners of the company can immigrate. Canadian accelerators and investors are ready to invest their own funds in the implementation of promising business ideas. In Germany, special emphasis is placed on lending to start-ups so that, if successful, the company remains the property of a start-up founder.
Do you want to live in one of the most developed countries in the world with a decent level of income and comfort? Become a member of the start-up visa program in Germany. This is a unique opportunity to implement your ideas and improve your standard of living.