Necessary Income

18 posts in this topic

I own 1 of approximately 1500 shares of a Canadian registered family-owned company that has been in existence since just after the end of the Revolutionary War. In the past 18 years, I have received between USD 41,000 and USD 170,000 in dividends from the company. As a 58 year old US citizen, could I use this income to satisfy the pension income requirement for permanent residency for myself and my wife in Germany?

I studied Math at Uni Tübingen and am a retired Math teacher and am a (US Navy trained) photographer. I wish to pursue Cityscape/Landscape photography in Europe.

My wife is a well known songwriter, but her income is very unstable. She is 30 years old with no German. We have no dependents.

 

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Hello Mark! I am not an expert on permanent residency rights in Germany for non-EU citizens but generally there is no such right if you or your spouse are not EU citizens.

 

You can come over and apply for yearly visas if you can prove financial stability and health insurance acceptable to German standards.

I am an insurance broker and have numerous foreign clients who live in Germany, have no right to permanent residence but renew annually.

 

Your family history sounds fascinating🙏🏻
Maybe an expert can chip in? 
@Engelchen?

I am a professional independent insurance broker and authorised advertiser. Contact me.
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I also never heard of this right in Germany. Probably Malta and Cyprus who also sell you a citizenship if you bring enough cash to the country.

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I have an American friend living in Germany since 1994 who has a "Blue Card", essentially equivalent to permanent residency in the US. This is what I'm asking about, although I'm not sure of the term used in Germany.

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Highly qualified specialist in an area Germany needs, Mark? 

I am a professional independent insurance broker and authorised advertiser. Contact me.
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58 year old Mathematician, but not really interested in doing that professionally anymore. My wife is a 30 year old C&W songwriter. I'm not sure if Germany would think that's an essential skill. I was told informally by my friends attorney in Summer 2018 that after a period with an Artist's Visa, it would be possible, but because of my age, I would have to show an income independent of employment such as a pension.

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Your wife might qualify for an artist‘s visa, which could in turn and in time qualify her for public health insurance through the Artists‘ Foundation , known as KSK in Germany. But you would still be in limbo as you would likely not qualify as her family co-insuree if your worldwide income is over 455 euros a year- which it is..

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12 minutes ago, LukeSkywalker said:

As a mathematician you would qualify for the EU Blue Card, but you need a job paying €43K per annum: https://www.auswaertiges-amt.de/en/aamt/zugastimaa/buergerservice/faq/02a-what-is-the-blue-card/606754

 

Songwriters don't qualify for that since there is no shortage.

Any age limits for eg a mathematician, Luke? And, as always the issue of health insurance..

 

Mark- health insurance obligations are tough in Germany. You can‘t just turn up and say „ hey, babes, here I am.“

 

It doesn‘t work like that. Even for European citizens moving to Germany it is very bureaucratic...

 

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I'm aware of that. I went through that when I moved to Germany to study. I'm not wanting to move for insurance purposes. I pay now in excess of $2,500 monthly for insurance for my wife and I. Private insurance isn't really a deal breaker.

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I'm aware of that. I went through that when I moved to Germany to study. I'm not wanting to move for insurance purposes. I pay now in excess of $2,500 monthly for insurance for my wife and I. Private insurance isn't really a deal breaker.

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I understand that now that most photography is digital, anyone and everyone with a camera claims to be a "Professional Photographer", but as a trained photographer with both military experience and current clients, why would I, as a photographer, not qualify for an Artist's Visa?

I use a large format camera and film rather than digital, by the way.

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Artist visa I don't know. The process is probably different than more concrete jobs as maths or IT. You could contact the German embassy in Washington. Their website gives you also much info.

 

PS- $2500 per month for healthcare insurance is insane.

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You have access to Portugal´s "Golden Visa" if you purchase a house above a certain value (500.000€, I think). Not only you get access to EU, you also get tax benefits for 10 years (only 10% income tax), you have free public health insurance and the cost of living is much cheaper than Germany.

You can complement the free healthcare with a private insurance. For your age, it is probably around 120€-150€ per month.

 

As an example, this is what you get for half a million Euros in the warm south of Portugal, close to an airport.

https://www.green-acres.pt/en/properties/26269a-17511632.htm

 

This is before we talk about great weather all year long, great food, very friendly people.

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2 hours ago, MikeMelga said:

You have access to Portugal´s "Golden Visa" if you purchase a house above a certain value (500.000€, I think). Not only you get access to EU, you also get tax benefits for 10 years (only 10% income tax), you have free public health insurance and the cost of living is much cheaper than Germany.

You can complement the free healthcare with a private insurance. For your age, it is probably around 120€-150€ per month.

 

As an example, this is what you get for half a million Euros in the warm south of Portugal, close to an airport.

https://www.green-acres.pt/en/properties/26269a-17511632.htm

 

This is before we talk about great weather all year long, great food, very friendly people.

 

Damn, you were damn annoying with your Portugal this, Portugal that ... and look now, you have almost convinced me to retire in Portugal.

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48 minutes ago, Krieg said:

 

Damn, you were damn annoying with your Portugal this, Portugal that ... and look now, you have almost convinced me to retire in Portugal.


selling everything and moving to Portugal is part of my early retirement and disability insurance plan ☀️🍷

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On 9/21/2020, 5:15:48, LukeSkywalker said:

Artist visa I don't know. The process is probably different than more concrete jobs as maths or IT. You could contact the German embassy in Washington. Their website gives you also much info.

 

PS- $2500 per month for healthcare insurance is insane.

I'm 58 years old, retired from a "concrete math job", and ready to pursue what I've wanted to do with my time since high-school.

Yes, indeed, $2500/month for health insurance is insane. But, we're only able to get it that low by opting for a $10,000 annual deductible.

The Artist Visa is a Freelance Visa only available in Berlin, which just happens to be my favorite little village in all of Europe.

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