Steps for Immigration to Germany through Buying a Business

The steps of immigrating to Germany through purchasing a business typically includes the following steps:

1. Immigration Requirements Review:
   First, you must verify the immigration conditions for purchasing a business in Germany and residency through buying a business in Germany. This includes the required investment, creating job opportunities for locals, necessary documentation, and other legal requirements. You must also check if you and your family can be accepted as immigrants to Germany.
2. Preparing a Business Plan:
   You need to prepare a detailed and comprehensive business plan. This plan should include information about the business, strategic plans, financial forecasts, social and economic impact, and other relevant details. Also, note that you need to prove that buying the business has the potential to create jobs and add value in Germany.
3. Finding a Suitable Business:
   To buy a business, you must find a business that you want to purchase. You can seek suitable opportunities in Germany using business consultants, immigration lawyers, or online portals and resources. Ensure that the selected business has growth potential and profitability and matches your goals and skills.
4. Investing and Buying a Business:
   After finding a suitable business, you must go through the investment and purchase procedures in Germany. These steps include negotiating the purchase agreement, transferring assets, and signing the relevant documents. Additionally, you need to make an appropriate investment in the business.
5. Immigration Procedures:
   After purchasing the business, you need to initiate immigration actions. For this purpose, you should gather the required documents and information and apply for residency in Germany. This step involves filling out application forms, preparing identification documents, proof of German language proficiency, health insurance, and other required documents.
6. Reviewing and Issuing Residence Permits:
   Your residency application will be assessed by German immigration authorities. The review time may vary, but if the application is approved, your residency will be issued and you can migrate to Germany.

Types of Businesses Available for Purchase in Germany

In Germany, you can purchase various types of businesses. A selection of types of businesses available for purchase in Germany includes:

• Restaurants and Cafes:

Buying a restaurant, café, or food and beverage service industry can be an attractive option. As a popular tourist destination, Germany has a thriving food and beverage service industry. This is one of the most popular items for purchasing a business in Germany.

• Shops

Buying a shop or store in Germany is among the popular investment options. You can operate in various industries such as fashion and clothing, electronics, cosmetics, and more.

• Manufacturing Industries:

Purchasing a factory or production unit in various industries such as automotive, electronics, machinery, food, and other industries presents an opportunity for industrial investment.

Please note that these are just a few examples of types of businesses you can purchase in Germany. Each of these businesses requires thorough research and examination regarding the market, customer needs, competition, and relevant legal conditions.

Required Capital for Buying a Business in Germany

The capital required for purchasing a business in Germany depends on the type and size of the desired business. Additionally, financial requirements for immigration and buying a business in Germany are determined by local authorities. Generally, you must have sufficient capital to invest in the desired business and demonstrate financial capability for establishing and developing the business.

Obtaining Residency in Germany through buying a business and being accepted as an investor requires a minimum investment, and the minimum required investment is as follows:

• For small and medium businesses:

Typically, for small and medium-sized businesses, the minimum capital required for immigration to Germany is approximately 25,000 euros to 50,000 euros. This amount may vary depending on the type and field of business, geographical location, and other changing factors.

• For large businesses:

If you intend to purchase a larger business, the required capital will also be higher. You may need significantly higher capital, around 100,000 euros or more. Additionally, for buying a business in Germany and obtaining residency, other financial requirements such as tax payments, financing for yourself and your family, stable financial status, and… should also be taken into account.

Best Businesses in Germany for Purchase

Choosing the best option for purchasing a business in Germany depends on various factors, including your experience, financial resources, personal interests, and market conditions. However, some popular and sought-after businesses in Germany include:

• Restaurants and Cafes
• Food Manufacturing
• IT and Software Industry
• Healthcare and Healthcare Occupations
• Tourism Industry
• Professional Services
• E-Commerce

Ultimately, before making a final decision, it is advisable to conduct thorough research, examine the target market, and consult with financial and legal experts specialized in this field to make a better decision.

Documents Required for Buying a Business in Germany

To buy a business in Germany, you must prepare and submit a set of documents and records. The exact requirements may vary depending on the type of setting up a business in Germany and various immigration conditions. Below are some important documents for residency through buying a business in Germany.

• Personal and identity information
• Financial documents
• Business plan
• Business purchase certificate
• Documents related to current business
• Valid passport with more than six months validity
• Health insurance
• Visa fee payment

Furthermore, please be aware that this list is merely a collection of common documents and may require additional documents and requirements in specific cases. It is better to consult immigration advisors or legal experts in this field in Germany to understand the precise requirements regarding business purchases.

Visa for Accompanying Family with Business Purchase in Germany

The visa for accompanying with business purchase in Germany is issued for the spouse and children under 18 years of the applicant. This type of visa allows you to migrate to Germany and stay there with your companions to establish and manage your business. To obtain a visa for accompanying with business purchase in Germany, you must follow these steps:

• Preparing the required documents
  This includes personal documents, financial documents, business plan, legal documents, and documents related to the current business (if any). Additionally, all documents must be translated into German or English.
• Starting or buying a business
  You need to create or purchase a suitable business in Germany. This must be a valid and sustainable business.
• Preparing a business plan
  You must prepare a detailed and comprehensive business plan that includes descriptions of the type of business, marketing strategies, competitive analysis, financial projections, and other relevant details about the business.
• Financial statement
  You must prove your financial capability and demonstrate that you can secure the financial resources for establishing and developing the business.
• Submitting application and documents
  After preparing all necessary documents and evidence, you must submit your application to the Embassy of the Federal Republic of Germany. Following that, your application will be reviewed and assessed.
• Interview and assessment
  Your companions may be invited to an interview to discuss your intent and business plan. Additionally, your documents may be examined by German immigration authorities.
• Visa decision and issuance
  Ultimately, after a complete assessment, a decision regarding the issuance or rejection of the visa for accompanying with business purchase will be made.

In any case, to find out about the conditions for dependent visa in Germany through business purchase, it is recommended to contact immigration lawyers or specialized consultants in this field in Germany to receive more precise guidance and understand the exact requirements.

Frequently Asked Questions Regarding Buying a Business in Germany

• What businesses can be purchased in Germany?

Restaurants and cafes, hotels and hostels, specialized businesses such as engineering offices, and…

• Is an accompanying visa granted with the purchase of a business in Germany?

The accompanying visa with the purchase of a business in Germany is granted to the spouse and children under 18 of the applicant.

• Which business is more profitable in Germany?

IT consulting, e-commerce, healthy food and beverage industry, providing eco-friendly products, and…

• How much capital is needed to set up a GmbH company?

The capital required to establish this type of company ranges from 25,000 to 50,000 euros. This capital must be provided at the time of establishing the company, whether cash or in-kind. A single-member GmbH also requires a minimum share capital of 25,000 euros.