Start-up visa scheme is the best option to apply for Denmark visa. Start-up Denmark is a visa scheme was launched on 1st January 2015 by the Danish Government to allow talented entrepreneurs to relocate and grow high-impact start-ups in Denmark.
Start-up Denmark only accepts applications from non-EU (European Union) and non-EEA (European Economic Area) residents.
Your business must have high growth potential as well as global market scope. The program is for early-stage businesses and can accept up to 2 founders.
Businesses such as restaurants, retail shops, small businesses, and import/export enterprise will normally not be considered, as the program is aimed at innovative and scalable business.
- No Prior Investment required.
- Start-up Denmark is for self-employed persons, and only non-EU (European Union) and non-EEA (European Economic Area) citizens can apply.
- Up to two non-EU, non-EEA citizens can submit a business plan together, but must apply individually for a work and residence permit, if their business plan is approved by the Start-up Denmark expert panel.
- A non-EU, non-EEA citizen can submit a business plan together with an EU/EEA citizen. EU/EEA citizens do not need residence and work permits for Denmark due to the EU rules on free movement of persons and services.
- Start-up Denmark is for innovative, scalable and, ideally, tech-driven businesses with a clear growth potential. Therefore, businesses such as restaurants, consultancy firms, retail shops and import/export enterprises will generally be rejected and thus not presented to the Start-up Denmark expert panel.
- You need to provide financial support document equivalent to one years social benefit for single non providers over the age of 30 years. The annual amount is DKK 131,616 for you (Main applicant) (12x10,968). (Note: The amounts will vary when applying with Spouse & Children).
Financial Requirements for Danish Business Visa
To obtain a residence permit under the Start-up Denmark scheme, you must document that you can support yourself.
Consequently, when you submit your application you must document that you have at your disposal an amount equivalent to one year's social benefits for single non-providers over the age of 30.
The annual amount is DKK 130,188 for you (the main applicant) (12 x 10,849, 2015 level).
Documentation can be a bank statement in your name. Currency and date of issuance must be clearly stated. The statement must be no more than 30 days old at the time the application is submitted.
- Submit a Business Plan - 6 Weeks
- Upon Expert Panel approval, The Danish Agency for International Recruitment & Integration will process your application - 4 Weeks
- The process time is at the discretion of the Danish Immigration department based on your business Plan approval.
- This is a 2 stage process where the business plan has to be approved first and then you can apply for Work & Residence Permit at the Danish Agency for International Recruitment & Integration.
- Accepted applicants get a residence and work permit for Denmark valid for two years plus possibility of extension.
- It allows you to build your business in a renowned entrepreneurial ecosystem supported by great public business development initiatives and access to the European Single Market.
- Besides access to various programs and subsidy schemes this includes free tailored counseling in public business development centers.
- Access to most welfare benefits – such as healthcare and education. This also applies to accompanying spouse and children.
Since the start of the program 238 applications (both from individual founders and from teams of two people) applied for Denmark Startup Visa, however, only 52 were approved. What’s more, only 30 visas were actually used by successful applicants.
He also said most of applications to Denmark come from India (huge lead over the rest), United States, Pakistan, South Korea and Egypt, however, candidates from US and Canada are “slightly more successful” when it comes to successful applications and granted visas. More than 54% of applicants to the Danish startup visa operate in the software area, 25% of the applicants create hardware and 16% are running service businesses.
Copyright StartupVisa.eu 2017