Furthermore, a spokesperson with the group said that even individuals who think they are not eligible should make enquiries, given that the process is only likely to become harder in the future. As it stands, to qualify for German citizenship an applicant must have lived for at least eight years in the country, speak the language, have no criminal record and, crucially, be able to pass a citizenship test.
However, if a person has been in Germany for fewer than eight years, but has strong ties with the country and is married or in a long-term relationship with a German citizen, there may be some leeway when it comes to the otherwise strict rules.
“We’ve been exchanging a lot of information on how to become a German citizen, what the requirements are and encouraging people to take up this option,” said the spokesperson.
According to Germany’s Federal Office of Statistics, last year 7,493 British people achieved German citizenship – a record number – 162% more than in 2016; a rise experts believe is directly attributable to concerns around Brexit.
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Blacktower Financial Management operates from numerous locations across Europe, including Germany. We specialise in all areas of expat wealth management and financial advice including assistance with SIPP and QROPS expat transfers and dealing with Brexit.
For more information about how we can help you successfully manage your wealth in Germany and the ramifications of becoming, or not becoming a Germany citizen, contact our financial services team in Germany today.
At the moment, politicians across the world – especially, it seems, in the UK – are in the spotlight regarding their tax affairs. Banks, however, will also soon be in the spotlight, as by Friday 15th April they have been told to hand any information regarding their dealings with the law firm at the centre of the Panama Papers over to the UK’s Financial Conduct Authority.