Most Start-up visas schemes are quite new. Read below for a quick outline of each country’s offerings and their differences or download Migreat’s #StartupVisa report to get the all of the details.
Which is cheapest?
Most entrepreneur visa schemes require entrepreneurs to show investments in the range of $40,000 to $100,000. However, Denmark, Netherlands, New Zealand and Spain (for some special cases) have not set up a minimum capital requirement.
Successful applicants to the Chilean Entrepreneur Visa program receive 20 million pesos (approx $35K) and to the French program EUR 12,5K (approx $14K).
Which countries have the easiest visa process?
It is difficult to say, as the rules do not always match what happens in real life. On paper, the Dutch, Italian and Spanish visas promise a simple and easy process with a quick turnaround on the decision (from 10 to 30 days maximum).
In Italy, the entrepreneur application is reduced to the bare minimum: electronically submitting a CV (resume) and filling out an online application – which does not need to be filled out in Italian and can be completed in English.
What are the main competitive advantages to know about?
Canada’s Start-up visa provides permanent residency. It is the only visa among all of the programs to do so. Ireland’s Innovative Start-up visa is the only one that is flexible in the amount of time allowed to the entrepreneur to fulfill the renewal requirements in terms of jobs created and revenue generated. It also offers a flexible immigration system that makes it more straightforward for start-ups to hire foreigners.
New Zealand’s Entrepreneur Work visa offers a two-steps visa: with more time for entrepreneurs to get settled and start their business in the country, with support from the Government. It also offers to remove the capital requirements if the business is highly-innovative and scalable. The FrenchTech Ticket offers lower pricing on Air France flights. Interesting… !
What else should I know in general about these visas?
Most visas are easier to get if you have been accepted into an accelerator/incubator or have been endorsed by a local or institutional expert. This is especially true for Canada, Italy, the Netherlands and the UK.
In some countries, like Ireland and Italy, the start-up visa route is not only vastly simplified over other routes, but it opens up access to a range of tax and labour regulation benefits.
Download Migreat’s Start-up Visa report to learn more about the 13 different countries offering specific visa programs for foreigners.
Ask @migreat for help navigating start-up visa schemes.