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Is it possible "Set up GmbH and get residency"?
Posted on 04/08/2011 6:01 pm
Is it possible "Set up GmbH and get residency"?
Hi,
I have contacted one of the reputed law firm in Germany. He informed me that I can get Residency Permit with my wife if I will set up my own GmbH.
Is is really possible ?
Please guide me guys, my e mail id is:
tusharpatel4u@gmail.com
I am visitng Germany next month, 20th September, 2011.
Thanks,
Tushar
tusharpatel4u
Member since 04/08/2011
Posted on 04/08/2011 7:25 pm
Re: Is it possible "Set up GmbH and get residency"?
which reputed firm is that?
how much are they asking to process?
raj
Member since 27/01/2004
Posted on 04/08/2011 9:12 pm
Re: Is it possible "Set up GmbH and get residency"?
Yes it is possible (AufenthG §21) if you spend 250K€ and create 5 work places.
http://dejure.org/gesetze/AufenthG/21.html
The company must be a genuine one with a firm business plan.
Good luck!
itre2712
Member since 14/11/2010
Posted on 06/08/2011 6:40 am
Re: Is it possible "Set up GmbH and get residency"?
Unless you're serious about doing business in Germany, I will not recommend this.
This regulation which allows individuals to obtain residence permit has been abused by many people from a certain country many years ago. And basically they stopped it about 2 years ago.
The process to obtain the "green light" takes a quite long time, but the most important is the salary which has to be paid to the minimum number of employees is a large amount of money.
However you won't need to worry if you're doing anything incorrectly because the government institution, Ordnungsamt, Finanzamt etc will watch you closely all the time.
aasavnal
Member since 06/08/2011
Posted on 06/08/2011 5:45 pm
Re: Is it possible "Set up GmbH and get residency"?
Thank you all. This is such a informative and co-operative people here. I like it.
Anyways, I think that it is a bit difficult for me to get residence permit.
Is there any other way for getting residence permit either in Germany of any other Schengen State ?
Regards,
Tushar
tusharpatel4u
Member since 04/08/2011