The Finland startup visa
The Finland startup visa is a very suitable option for people who immigrate to this country from outside the European Union with the intention of an innovative startup company creation. The Finland startup visa allows foreign entrepreneurs to obtain residency in this country by establishing a creative business, and also develop their business. Finland is one of the most powerful countries in the European economy, becoming a main center in the region for establishing connections between founders and investors. Due to the welcome and support of the Finland government to foreign investors, immigration to establish an innovative business in this country has many fans. Currently, more than 4000 startups are operating in Finland, increasing continuously. Finland startup visa applicants can receive benefits such as; a stable business environment, an advanced social security system, and public health care. If you intend to immigrate to Europe by representing a business plan that has the potential to grow internationally; If you intend to immigrate to Europe by representing a business plan that has the potential to grow internationally; you’ll be able to apply for the Finland startup visa to apply for the Finland startup visa. The Finland startup visa is a great privilege for immigrants who have enough expertise in starting a business and are committed to their business idea.
Benefits of Finland startup visa
- Unlike many European countries, the Finland startup visa does not require a language certificate.
- The Finland startup visa is valid for two years, which is enough to form the startup.
- Unlike many European countries, the Finland startup visa does not require a language certificate.
- The biggest advantage of this visa is ability to get the capital for this work from a third party or entrepreneurs in Finland.
- The possibility of receiving a loan of fifty thousand euros by obtaining this visa.
- Corporate tax in Finland is 20%, which is a low amount compared to other developed countries.
- The visa of the applicant’s wife and under 18 years old children are also issued within the issuance of the applicant’s visa, which is valid for two years.
- Free education permission for the applicant’s wife and children if he/she succeeds in receiving the Finland startup visa.
- Chance of attendance in the booming economic system of Finland
- Likely to receive Finland startup visa in less than a year
- The possibility of obtaining permanent residency after five years
- Chance of receiving an investment of 50 thousand euros
The following are the requirements for obtaining Finland startup visa
- Proof of financial ability and having a deposit in a bank account.
- confirmation of no criminal history for the applicant and his companions.
- Two people must have been involved with the project.
- Applicants must intend to create a stable company with the prospect of entering the global market.
- To have a completely innovative idea or production method, scalable business at the international level, and sufficient expertise.
- Ownership of 30% or more of company share by applicant.
- The founder must have company shares in the amount of at least 30 thousand euros.
- The applicant must present the project and receives the Finland trade organization approval
- The applicant must have at least 60% of project budget.
- Present the company establishing commitment after receiving Finland by the applicant.
License requirements to achieve Finland startup visa are
- Eligibility certificate from Business Finland
- Valid passport
- Innovative business plan that determines shareholder status and financial forecast.
- Financial ability proof documents
- Curriculum vitae and specifications of the introduced team according to European standards
- Clear and defined marketing plan
Language certificate required for Finland startup visa
A specific language certificate is one of the primary conditions for submitting a visa application to any country. Fortunately, you don’t need to have a language certificate to get a Finland startup visa; However, this doesn’t mean that you don’t need language knowledge; You must be able to speak English at work and communicate with others.
Financial ability in Finland startup visa
The applicant must pay 350 euros as the application fee for the Finland startup visa to obtain the Finland startup visa electronically. This fee for visa extension will be 160 euros. The cost of applying for a visa is 480 euros, and to renew it, you have to pay 430 euros. You are required to pay these fees when applying for a visa.
Finland startup visa procedures:
Submitting a business plan: The business plan is the most important tool you need to succeed in obtaining a Finland startup visa, so you must follow all the basic points about writing it. Your business plan should have the following standards:
- Be innovative and creative.
- Be scalable and able to have a high income generation capability with spending the least amount of money.
- Should be repeatable with high development capability.
- Based on the business plan, it must be profitable at the end of the two years.
Obtaining an approval letter from Business Finland: Before taking any action to submit your visa application, you must receive a statement of eligibility from Business Finland. You need to apply for a startup residence permit, which is specific to growing companies. Finland business center evaluates your business plan, skill level, expertise in business development, and whether your company can be considered a startup company. Without an agreement from the Finland Business Center, you won’t be able to apply for your startup visa. The validity period of this agreement is two months.
Finland startup visa application: At this stage, you can apply for a residence permit from the Finland Immigration Office. At this stage, you need to gather enough information about the European Economic Area, the required residence permits for citizens outside the EU area, and the conditions of staying in the EU.
Traveling to Finland: After you apply for your visa; You must go to the nearest representative in Finland for identification within five days from the moment you send your application. After you receive a positive answer even though you haven’t received your residence permit card; You can enter Finland without a visa. While living in Finland, you can open a personal bank account in this country and receive services such as electricity, telephone, and internet connection.
Establishing your company: At this stage you can register your business in the Finland Business Register. It is required to register your business for VAT payment in Finland
Ability to get funding from investment firms: You may want to choose a shared workspace to work on your business idea. At this stage, you can provide the funds you need for your company through private investment companies such as angel investors. If you apply for Tempo investment from Business Finland, you can attract 30,000 euros of equity capital from third parties or entrepreneurs.
The reasons for the rejection of the startup visa application
- Provide insufficient or fake documents
- Have criminal record
- Lack of financial resources
- Your presence in Finland is considered a danger to this country’s security or public health.
