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Pension Requirement for Freelancer Visa

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house5nepal

7/29/2016 17:25 EST

Hello everyone. I am considering applying for the freelancer visa offered by the German government for foreign freelancers to live and work in Germany.

I am over 45 years old, and so am bound by a requirement to "have in place a sufficient pension fund."

I have not yet been able to find out what exactly this means. Does it mean I need x amount of dollars - euros stowed away, or a guaranteed pension from my native country? Or does it mean I need an account set up where my income is deducted each month and deposited into the pension fund where I cannot spend it until retirement age? Or does it mean something else?

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jaym

10/31/2016 02:54 EST

Only if you are above the age of 45:

An offer from a private pension insurer must be submitted which guarantees a monthly pension of 1,109.88 euros after the age of 67 (for at least 12 years) or guarantees an asset amount of 159,823 euros. Alternatively, evidence can also be provided from currently available assets.

Proof of a pension plan is not required for these nationalities: Dominican Republic, Indonesia, Iran, Japan, Philippines, Sri Lanka, Turkey and the United States of America

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