If you are an entrepreneur who has plans to settle abroad, then you should consider settling in Denmark through the Startup Denmark Visa scheme, initiated by the Government to enable skilled entrepreneurs to relocate to the country and set up highly successful startups. The Visa is aimed at entrepreneurs who are planning to start innovative and scalable businesses which have clear potential for growth
Startup Denmark is a visa program, aimed at entrepreneurs who are not residents or citizens of EU/EEA countries. Immigrants who are interested in applying are required to submit a business plan, as a part of their application, which will be evaluated by a panel of independent experts to determine its feasibility and economic contribution to Denmark. If your business plan is approved, then you will be eligible to apply for a work and residence permit, which will allow you to come to Denmark as a self-employed entrepreneur. The visa will be initially granted for a duration of two years, which can be extended for a further period of three years at each with the possibility of extension for three years at a time.
You will need to fulfill the following conditions in order to be eligible to apply for a residence permit under Startup Denmark
Once you have been found eligible and have received the Start-Up Denmark Visa, then you will be able to enjoy the following benefits
You will need to follow the steps given below in order to successfully apply for a Startup Denmark Visa
Step1: Create your Case Order ID
You will need to create a case order ID as the very first step with the following information
Step 2: Pay the Fees for the Visa
You should make sure to register your Case Order ID and pay the required fees before 1st Jan of any year. If you pay the fees before Jan 1st and submit your application after Jan 1st, then it could be rejected.
Step3: Get your Documents Ready
You should submit the required documents and make sure that you also submit certified translations if they are not in English or Danish.
Step4: Complete your Application Form
In this step, you will need to get access to the SD1 application form and ensure that you have completed all the preliminary steps, and have all the required documents ready in the digital form, so you can attach them with your completed form.
Step5: Complete your Biometrics
When you have applied for a residence permit, then you will need to take your biometric record. This would mean that you need to get a facial photo of you as well as your fingerprints. Your photo as well as your fingerprints will be stored on a microchip that is embedded in your residence card. This is a mandatory step for processing of visa
Step 6: Wait for an Answer
Once you have submitted all details of your application, and have checked that you completed the following steps
Then you will need to wait for an answer, and once you have received a residence and work permit, you can proceed to the next and last step
Step 7 Launch your Business in Denmark
Once you have received your residence and work permit then you can come to Denmark in order to launch your startup. If you need any assistance, then you can contact a Business Development center in Denmark. You will need to apply for Numida secure login and register your business in Denmark.
Only those who are not EU or -EEA citizens can apply for the Startup Denmark visa program. However, if you are applying as a team, then other members of your team can be EU or EEA citizens.
Startup Denmark is intended for businesses that are scalable and innovative and have a clear potential for growth.
The expert panel is a panel of experienced business consultants who evaluate each business proposal under the Startup Denmark visa scheme for viability and profitability.
One can invest in either a completely new or already established business that is related to the following sectors
No prior investment is required for applying to Startup Denmark. However, if your business plan gets approval by the expert panel, and if you have submitted your application for residence permit, then you will need to provide sufficient documentary proof that you have enough funds to support yourself and any accompanying family members for at least a year in Denmark.
Startup Denmark does not provide financing. If you are approved through this program, then you will need to raise the capital yourself. However, there are many opportunities for funding, which are available to new businesses being launched in Denmark
You can apply for residence and work permit once your business plan has been approved by the panel of experts under StartUp Denmark visa scheme
Yes, you are eligible to bring your family with you under the Startup Denmark visa once your business plan is approved
Yes, there are a number of public initiatives designed to help a new business launch a StartUp in Denmark. You can contact the Business Development Centre in the locality where you intend to establish your business. These Business Development Centres help to launch both public and private initiatives. you will be able to obtain free, professional guidance at these centres, which will fit the potential and needs of your business
The startup Denmark visa is a unique visa that enables smart entrepreneurs to get a residence and work permit in order to establish a business in the country. Learn more about the visa and steps to apply in the article
This article provides a detailed explanation about Startup Denmark Visa. A must see if you plan to open a business in Denmark
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