As per the reforms that were brought in 2012, there is no threshold investment requirement, however investment of €250,000 is recommended but it is not mandatory.
Sufficient funds need to be shown for establishing a business in Germany.
The visa is given for 3 years, leading to permanent residency and eventually citizenship after 5 years on PR.
Non EU/non EEA/non Swiss individuals seeking residency in Germany by means of self-employment will need to apply for a visa for the purpose of self-employment at their home country.
Upon the arrival in Germany, the applicant will need to convert their visa into a Self-employment residence permit.
The self-employment permit will allow the applicant to set up a business as either a self-employed entrepreneur or a freelancer.
In order to apply for this permit, the applicant will need to meet the following requirements:
The residence permit will be extended for a maximum of 3 years if the business is successful. After 3 years, the self-employed entrepreneur will be able to obtain a settlement permit. If applying as a freelancer, the applicant will be able to obtain a settlement permit after 5 years of residency in the country.