Finland is now
welcoming creative overseas Entrepreneurs and is offering them Residence Permits. Authorities in
Finland have received 100 plus applications globally for the program. Majority of the applications are from India
and Russia accounting for around 50% of the Residence Permit applications.
Overseas
Entrepreneurs who are non-EU nationals
can arrive in Finland for implementing their business project through this
program. The state organization Business
Finland assesses the prospects of the business idea. The creators of
high-tech Start-ups are usually offered the Residence Permit.
The Finland Residence Permit is normally
offered to the Start-ups for 24 months.
It can be extended through the same scheme subject to demonstrating the project
viability. The overseas Entrepreneur is offered the Residence Permit including
for his spouse and children.
Other nations in
the EU are also transforming the Visa policies for Entrepreneurs. In Estonia for example, the Start-up Visa program was launched in
2017. It has received 300 applications within 12 months, as quoted by the Mice
Times Asia.
Portugal is also
planning to simplify Investor Visas
and ease Visa policies for overseas Entrepreneurs.
Overseas
Entrepreneurs will require the Entrepreneur
Residence Permit to work as Entrepreneurs in Finland. The following
individuals are considered as Entrepreneurs:
• Partner in an Executive position in a
limited company or some other corporation – Board member or Managing Director
• A cooperative member who has an infinite
obligation for contribution
• An active partner in a partnership that is
limited
• Partner in a partnership that is general
• Sole-proprietor of a business owned
individually
• Start-up Entrepreneur
The application
for a Residence Permit is processed in 2 phases. Firstly, the Centre for Economic Development, Transport, and the
Environment assess your company for its profitability. This is based on
your financing and business plan among other aspects. Then the decision on the
Residence Permit is issued by the Finland
Immigration Service.
Y-Axis offers a
wide range of visa and immigration services as well as products to aspiring
overseas immigrants including, Y-International
Resume (Senior Level) 5+ yrs, Y Jobs Premium
Membership, Resume Marketing Services One
State and One
Country, Y-Path – Y-Path for
Licensed Professionals, Y-Path for
Students & Freshers, and Y-Path for
Working Professionals and Job Seeker.
If you are
looking to Study, Work, Visit, Invest or Migrate to Finland, talk to
Y-Axis, the World’s No.1 Immigration & Visa Company.
If you found this blog engaging, you may also like…UAE
launches the 5-year Entrepreneur Visa