German citizenship by speculation is being opened to foreign individuals, financial specialists, investors, etc. to contribute and become German citizens. This is realized after an individual must have resided in the country for at least eight-years. Germany as an independent nation in Europe is prevalently known for its amazingly rich and various culture which has history depicted in its engineering structures, houses of worship, landmarks, beautiful scenery, and so forth.
Germany is perceived for having a huge national economy in Europe and it is exceptionally requested by voyagers on the planet. It will impress you to realize that the average cost for basic items in Germany is moderate and affordable and it is common knowledge that Germans are lovers of lager beer and football. Below are the benefits German citizens enjoy.
Benefits of German Citizenship by Financial Investment
- German and European Union Residency:
As a German citizen, it opens entryways for people to enjoy other opportunities. Citizens have access to travel to other European countries that are members of the European Union.
- Outstanding Healthcare Services:
In Germany, they are high-quality healthcare services for their citizens. The benefit of this is that cost of medicare is subsidized as they are being supported by the German Government. Consequently, you don’t need to budget a lot of cash for healthcare services as a citizen.
- Individual Security:
Investors coming into this country can rest assured their investments are protected from dubious people. This is one of the reasons for the movement of immigrants investors from different countries such as South Africa, Nigeria, Ghana, Turkey, and so forth.
- Academic Pursuit and Excellence:
The children and wards of individuals who have obtained German citizenship can be enrolled in a nursery, primary and secondary schools in Germany. The country has a serene environment conducive to teaching and learning. The facilities in the schools are state-of-the-art and they assist in the learning process tremendously.
Requirements to become a German Citizenship by investment
Non-citizens who plan to invest and become citizens of Germany are expected to meet the following requirements when applying for citizenship by investment in Germany.
- The applicant must abide by the immigration laws governing investors in the financial markets.
- An intending individual must take part in financial activities in their communities by making investment either via purchasing of land or establishing enterprises for self-employment for regional development.
- Third-party application or applying in the proxy is not allowed.
- The applicant must have attained the legal age of 18.
- The applicant must have a clean slate (i.e. zero crime record).
- Application as a family is allowed. This involves the parents and their children.
Time lag in Processing German Citizenship
The processing time of the German citizenship application lasts for a period of one month. Other bureaucratic processes that would result in the approval of the application may take longer than one month. It is advisable for an intending German citizen to take German classes as German is the official language of Germany with over 95% of the population speaking it as their first language.
German citizenship by venture capital investment is perhaps the quickest method of becoming a citizen of Germany. One can invest in real estate with €250,000 and €100,000 for the Regional Development Fund. So long as an individual meets the requirements, he or she can be considered for this sort of citizenship.