Immigrating through European startup visa
Another way to get European residency is a startup in one of the European countries. In most European countries, if someone has an innovative and new business plan, they can apply for residency in their selected country to start this business. In general, this plan will be considered after the applicant’s request and if no such business ha been done in that European country so far, the applicant’s residence application will be approved.
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European startup visa
A startup visa in Europe is actually an entry permit for people who have a new and innovative plan and intend to implement this plan in one of the European countries. European countries will welcome people with such plans. In fact, the reason for this welcome is that the applicant has a new plan and such a plan has not been implemented yet. Therefore, the probability of success in starting such a business is very high, and after launching various jobs in this business will be created and will cause entrepreneurship and job creation. On the other hand, the applicant in the destination country increases the investment. As a result, there are few countries that do not welcome such a plan. A person who succeeds in obtaining a European Startup visa can obtain permanent residence in some countries from the very beginning after entering the country.
Conditions for obtaining European startup visa
Different countries have defined conditions for people who want to get a startup visa. But their generalities are very similar to each other. Here are some of these conditions:
The applicant must have or develop an innovative business plan. The plan must also indicate the intention to produce a business product or to provide new innovative services.
In most countries, the applicant must register a company or if possible, cooperate with other companies in that country.
This business plan must lead to entrepreneurship and job creation.
The applicant must have a good turnover after starting his business and show that this business has had sufficient profitability.
European investment standards
Since startups in Europe are one of the procedures to invest in abroad, the principles related to investing in that country should be examined. The higher the probability of keeping your capital, the less risk there is for your investment. For instance, Corruption control rate is one of the most important investment standards that we consider in different European countries to see how well these countries are able to combat against corruption. In the table below you can see this rate in several European countries:
percentage of corruption control | country |
95.19 | Germany |
96.15 | Switzerland |
77.4 | Portugal |
96.63 | Netherland |
62.02 | Italy |
71.15 | Poland |
Impressive economic indicators for investing in Europe
Economic indicators are the necessary factors to assess the investment conditions in a country. These factors reflect the economic situation of the destination country and can greatly help to predict the outcome of international investment. Here we look at the economically viable indicators for carry out a startup in Europe. One of the most indicators for a startup in Europe is the corporate tax rate. In the table below you can see the corporate tax rate in different European countries:
corporate tax rate | country |
35 | Malta |
30 | Germany |
29 | Belgium |
28 | France |
25 | Austria |
25 | Netherland |
25 | Spain |
24.9 | Luxembourg |
24 | Greece |
24 | Italy |
22 | Denmark |
22 | Norway |
21.4 | Sweden |
21 | Portugal |
21 | Slovakia |
20.9 | European Union |
20 | Estonia |
20 | Finland |
20 | Iceland |
20 | Latvia |
20 | Russia |
20 | Turkey |
19 | Czech Republic |
19 | Poland |
19 | Slovenia |
19 | England |
To examine European startup, we observe another economic indicator, which is GDP. In the table below you can see the GDP rate in different European countries. The higher the rate, the better the investment conditions in this country.
GDP rate | country |
111,062 | Luxembourg |
92,556 | Norway |
79,703 | Ireland |
79,407 | Switzerland |
65,147 | Denmark |
57,975 | Sweden |
55,690 | Netherland |
51,332 | Iceland |
50,655 | Austria |
49,241 | Finland |
47,628 | Germany |
47,541 | Belgium |
45,887 | Andorra |
44,317 | France |
43,688 | England |
41,388 | The euro area |
37,104 | European Union |
35,614 | Italy |
33,350 | Spain |
32,093 | Cyprus |
28,943 | Malta |
27,152 | Slovenia |
24,590 | Portugal |
24,024 | Greece |
23,834 | Czech Republic |
21,039 | Slovakia |
20,742 | Estonia |
18,427 | Lithuania |
17,466 | Hungary |
17,387 | Poland |
European Startup Visa Procedures and Documents
In different European countries, different steps and conditions and even different documents may be required for this program. But in general, at first the applicant should prepare the business plan and send it to the relevant organizations. If these organizations or incubators identify your plan as an innovative and new plan and then approve its profitability, they will approve the plan. After conducting the necessary interviews and correspondence, a confirmation letter will be written to you by the incubator. After this stage you may need to transfer money or capital to set up your startup to an account in the destination country. You must have a visa application interview with your consulate and embassy. You must have an interview with the embassy. If this visa is issued to you, you must arrive in the destination country in time and start your project, The launch of the business will be done with the coordination and assistance of incubators.
The costs of European startup visa
Different amount of capital is required to start any type of business, depending on the field and how big or small the business is. In fact, it can be said that some business plans require very large investments and some businesses can be implemented with very small investments. Having a business plan also greatly reduces the costs of European startups. In fact, those who have created new and innovative business plans themselves no longer need to spend money on business plan. But most people do not have this plan have to pay for it. In general, people who intend to launch a startup in Europe must pay 150.000 euros – 200.000 euros to get residency.
Advantages of European startup visa
Residency through startup visa has great deal of benefits, such as work and study permit for children and spouse. Your children are allowed to study for free. Even in some countries applicants are allowed to take their dependent children under 24 with them. This is a swift way to get European residency even it can occur in less than 4 months. The other advantage of European startup in some countries is that it can lead to permanent residency at the beginning of arrival. In the other countries after 4 or 5 months it will turn to permanent residency. Applicants are able to apply for citizenship after a while that is varies between different countries. Immigration through startup visa has lots of advantages for those who are intend to work and have their own business. The business done through European startup is actually a new business and the chance of its profitability is very high since it doesn’t have lots of competitors. The possibility of obtaining permanent residence in some European countries, the shortening of the application process, the possibility of earning money and return on investment are all other benefits of a startup in Europe. MIE Consulting Institute with years of experience in immigration affairs and providing superior immigration services and expert advice has compiled and written this article about European startup.
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