OVERVIEW
To work in Germany, you need a residence visa if you are not an EU or EEA citizen or a permanent resident. You must apply for a residence visa for the purpose of self-employment if you want to start a business in Germany as a self-employed entrepreneur.
WHAT NEEDS TO FULFILLED?
To obtain this permit, you must fulfil a number of general criteria and the following additional requirements, which you should ideally cover in your business plan in a convincing way:
• There is commercial interest or regional demand for your products or services,
• Your business activity is likely to have a positive impact on the German economy, and
• You have secured financing for your business by way of capital or a loan commitment.
WHO ARE ELIGIBLE?
A residence permit for a self-employed occupation may be issued for;
- Founder of a company,
- Sole proprietor, and
- Managing directors and legal representatives of partnerships and corporations, if they have entrepreneurial responsibility.
HOW LONG ONE CAN STAY WITH THIS VISA?
If your business idea is successful and you are able to make a living for yourself and your family, you can have your residence permit extended, which is initially limited to a maximum of three years. After only three years, you can obtain a settlement permit (Niederlassungserlaubnis), which will allow you to settle down in Germany for an unlimited period.
DOCUMENTS REQUIRED FOR SELF-EMPLOYED VISA
When you apply for a residence permit, you generally have to present the following documents:
- Completed application form
- Valid passport
- Business plan
- Proof of health insurance
- Researchers and academics: current employment contract
- Graduates from German universities: copy of your degree certificate
- People over the age of 45: proof of adequate pension provisions
FEES
A residence permit will cost you a maximum of €100.00 while a settlement permit will cost €147.00 at most. As a rule, the fee for visas is €80.00.
BUSINESS PLAN FOR GERMANY SELF-EMPLOYED VISA
Before applying for self-employed visa, it is very important to prepare and submit a detailed business plan.
WHAT NEEDS TO BE INCLUDED IN THE BUSINESS PLAN?
Drafting a business plan in an easy to comprehend manner is vital if you are looking to seek investment for your new company. The main sections of the business visa plan are mentioned below:
- Business Concept
- Stages of Implementation
- Management Profile
- Potential Customers
- Marketing Strategy
- Pricing Strategy
- Competitive Analysis
- Means of finance
Infocrest will assist you in establishing your company so that you can get a self-employed visa in Germany.