DENMARK STARTUP VISA

The Denmark Startup Visa is one of the best opportunities for entrepreneurs from outside of the EU to establish and grow their businesses in Denmark. There is no doubt that this visa is designed to attract innovative startups and contribute to the dynamic economy of Denmark.

ELIGIBILITY REQUIREMENTS

The following requirements must be met in order to qualify for the Denmark Startup Visa:

It must be a non-EU/EEA/Swiss citizen.

If you have an innovative and scalable business idea with a clear growth potential, then you are on the right track.

A comprehensive business plan should include a summary of the business idea, market analysis, financial projections, as well as a discussion of the potential impact on the Danish economy from the business.

To obtain approval for the business idea from the expert panel of the Danish Business Authority, you need to submit your proposal.

Provide proof that they have sufficient financial resources to support themselves and their business. Specifically, the funds that are required are as follows:

It is estimated that the applicant alone will need to pay DKK 140,592 (approximately €18,900).

There is a fee of DKK 281,184 (approximately €37,800) if a spouse is accompanying you.

As long as one or more children are accompanying the applicant, the amount is approximately DKK 327,432 (approximately €44,000).

If you are accompanied by one or more children but not a spouse, the fee will be DKK 186.840 (approximately €25,100).

APPLICATION PROCESS

1. Prepare a Business Plan: It is important to prepare a detailed business plan that highlights your innovative business idea, a market analysis, financial projections, as well as the potential impact of your business on the Danish economy.
2. Obtain Business Idea Approval: You have to submit your business plan to the Danish Business Authority for evaluation by an expert panel in order to obtain approval for your business idea. It is important to note that the panel will assess the innovation, market appeal, scalability, as well as your ability to implement the business idea2.
3. Gather Financial Proof: Make sure that you gather evidence of your financial resources by gathering bank statements and loan approval letters, for example.
4. Submit Application: In order to apply for a Denmark Startup Visa, please visit the website of the Danish Agency for International Recruitment and Integration (SIRI). You will need to include your business plan, financial proof, and other documents that are required2.
5. Obtain Residence Permit: Once your visa is approved, you will need to travel to Denmark in order to apply for a residence permit and a work permit. A permit can initially be issued for up to two years and can be renewed for an additional three years if necessary.

BENEFITS OF THE DENMARK STARTUP VISA

• Visa-Free Travel: The Schengen Area allows you to travel within it without a visa, thus allowing you to explore and expand your business across Europe without a visa.
• Pathway to Residency and Citizenship: After five years of legal residency, you may apply for permanent residency or Danish citizenship once you have completed the five-year residency process.
• Reunification of your family: When you move to Denmark, your family members will enjoy the same rights as you with regards to residence.
• Supportive Business Environment: The business climate in Denmark is supportive of businesses. Government incentives, tax reductions, and access to financing opportunities are just some of the things that make it a great place to do business.
• High Quality of Life: Danish culture, beautiful landscapes, and a vibrant entrepreneurial community combine to create a high quality of life for its residents.

WHY CHOOSE DENMARK?

The Danish business environment offers a welcoming environment for entrepreneurs, with a supportive business ecosystem, access to the European market, and a high quality of life. There are many benefits to choosing Denmark over other countries in the world, such as having a dynamic economy, favorable tax policies, and enjoying a vibrant lifestyle in one of the most beautiful countries in the world.