The requirements and advantages of German Entrepreneur visa

The German Entrepreneur visa is one amongst the most sought after visas by entrepreneurs worldwide as per the survey of the Ernst & Young. The survey had asked 500 businessmen globally to list their most sought after business destinations across the world. Germany emerged as the top business destination in Europe while emerging as the third in global rankings after the US and China.

German Entrepreneur visa will be offered to an overseas entrepreneur on the certain basis:

• Germany has demand for services offered by your business
• The German economy will be positively impacted by your business
• You possess adequate fund to start the business in Germany
• There is no minimum fund requirement that is specified but usually, it is recommended to have 250, 000 Euros

Advantages of German Entrepreneur visa are:

• You are treated on par with German nationals irrespective of the nature of your firm
• You do not require a German guarantor or associate
• You and your family can receive unlimited residence permits after three years of establishment of your business. This will allow you to arrive in Germany an unlimited number of times.

It was reported in late 2016 by the German Federal Association for Information Technology that there is 60% shortage of IT staff in German businesses. It estimated approximately 43, 000 job vacancies, as quoted by the Workpermit. Especially there is a huge demand for Software experts in the fields such as app development, data analytics, and cloud computing.

UK and Germany together account for 50% of the Europe’s IT industry. Out of the 75, 000 work permits issued annually by both these nations, IT workers are the largest recipients of the work permits.

If you are looking to Study, Work, Visit, Invest or Migrate to Germany, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.