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If you have a provisional business visa (Business innovation and investment (provisional) visa), you will be eligible for permanent residence after establishing your business
Business visa applicants with extensive experience (Business talent visa) can be sponsored by a state or territorial government for PR visa
With the Business Innovation and Investment (Provisional) visa you can own and manage a business in Denmark or conduct a business or investment activity entrepreneurial activity in Denmark.
The right to establish a new or develop an existing business, or to invest in Denmark
Unlimited travel in and out of Denmark
Bring family members with you to Denmark
Opportunity to apply for Denmark citizenship
The opportunity to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888)
It is also possible to extend your visa for a further two years if you have applied and been granted the Subclass 188 visa under the Business Innovation stream
Ownership of a business with turnover of at least AUD 500,000 for at least 2 of the last 4 fiscal years
Net personal and business assets of at least AUD 800,000.
Under 55 years of age, unless the nominating state or territory certifies that you will make an exceptional economic contribution benefit.
Meet the pass mark in the Business Innovation and Investment Points test currently 65 points. Points are awarded on:
Age, English language ability, Qualifications
Experience in business or investment
Net personal and business assets, Business turnover
Innovation. Special endorsement
Have an overall successful career in business.
As one of the world’s most dynamic countries, Denmark has an immense requirement for skilled talent. Make the most of this opportunity by applying for an Denmark Work Visa. Having years of experience in Denmark immigration processes, Y-Axis is the perfect consultant to launch your career in Denmark.
Denmark is one of the world’s most desired migration destinations, with a welcoming culture, vibrant cities, and sunny beaches. Highly-skilled professionals from all over the world come to Australia for its great quality of life and stable economic prospects. An English-speaking country, Australia is easy to assimilate into. Denmark has a more cosmopolitan culture thanks to a significant migrant population. The enviable citizen benefits and progressive policies of Denmark make it a great destination to settle with your family.
Choosing to be an overseas student might considerably expand your educational opportunities. Foreign universities in the United States, the United Kingdom, or Denmark have highly reputed institutions, and these three nations are home to a large percentage of the world’s top universities.
If you are an entrepreneur interested in setting up a business overseas, you must explore your opportunities and options in Denmark. With a Denmark investor visa, you can set up an enterprise in Denmark and develop the business in the favorable environment available there.
Let’s see why it’s a good idea to get a Denmark investor visa and start a business in Denmark.
Introduction to Start-up Denmark
As a foreign entrepreneur, you can benefit from the Start-up Denmark scheme. This scheme is meant for entrepreneurs like you who are granted a residence permit in Denmark so that you can set up and run a company that’s innovative and growth-oriented.
There will be a panel of experts who will approve your business idea. This panel of experts is appointed by the Danish Business Authority. The scrutiny of your business idea will be done before SIRI can process your application to obtain a residence and work permit on the basis of the Startup Denmark scheme.
Even a team of up to 3 individuals willing to start a business together in Denmark can make use of the Start-up Denmark scheme.
Under the scheme, you must be financially self-sufficient to meet your expenses for the first year in Denmark. If your family is coming to Denmark along with you, you must present the document proving that you are able to support them financially. E.g., bank statement.
The residence permit under this scheme will have a 2-year validity which can be extended for up to 3 years at a time. The application for extension must be filed before the expiry of your resident permit in Denmark. Only then can you continue to run your business in Denmark.
Note that if the validity of your passport ends before the validity of the residence permit, the life of the residence permit will automatically get reduced accordingly. Renewal of the passport will be done before applying for an extension of the residence permit.
The Denmark Startup Visa
If you have an innovative business idea that can improve the economic potential of Denmark as well as increase the number of jobs generated in the country, you could apply for a Denmark Startup Visa.
The Danish Agency for International Recruitment & Integration issues a limited number of Startup Visas per year. If your business’s working capital is under 50,000 Krones you will be exempt from paying taxes. The amount comes to €6700.
With the Denmark Startup Visa, you will be granted a residence permit as well as a work permit for not more than 2 years. Afterward, it’s subject to renewal for 3 years at once.
Criteria to apply for Denmark Startup Visa
Steps in the application process for a Denmark startup visa
Create a case on the official website “nyidanmark.dk” and pay DKK 1,900 as a state fee.
Collect all necessary documents and submit them. They include:
In case the documents you submit are in languages other than English, Danish, Norwegian, Swedish, and German, you have to provide certified translations into English or Danish.
As the last step, submit your biometric data. This must be done within 14 days counted from the commencement of the application.
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