GET A DENMARK INVESTOR VISA, INVEST IN DENMARK FOR THE BEST RESULTS

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.

• Denmark focuses on global sustainability and social responsibility when it comes to its economic diplomacy with a vision for the future. The country aims at developing a growing economy that’s powered by green, digital, global, and socially sustainable elements.
• Denmark scores high ranks in indices that measure stability in economic, political, and regulatory aspects.
• A social welfare state, Denmark has a thoroughly modern market economy. The driving force of this economy is trade in goods and services.
• Denmark has healthy macroeconomic conditions compounded by a sound investment climate. This country has a strategic location that links Nordic and Baltic countries with continental Europe. The country maintains efficient transport and communication infrastructure.
• Denmark has a robust entrepreneurial climate that includes female-led entrepreneurship.

HOW TO START A BUSINESS IN DENMARK BY MIGRATING TO THE COUNTRY?

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

• This visa program can involve the participation of entrepreneurs who aren’t EU citizens and non-EEA nationals.
• Your business project has to get the approval of an expert commission appointed by the Danish Business Authority. The business plan conveyed for your project will be assessed by experts based on criteria including innovation, market attractiveness, and scalability. The evaluation takes under 8 weeks.
• Your business idea must particularly generate interest in Danish professionals as well as the Danish labor market. Your presence and participation in the business must be critical to building the business. Your business idea must be unique.
• You can’t be a shareholder of the company from which you had your experience in the business. Once you apply for a Denmark startup visa, you must await a decision on your plan for business from the expert panel of Start-Up Denmark.
• If you received a positive decision, the Denmark Startup Visa program will need you to submit a set of documents. It included a bank statement and an account statement that reflects the availability of funds for living and functioning in Denmark for the first year after your arrival.

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:

• Documentation of fee paid payment receipt)
• A valid passport and copy of all pages
• Approved business plan
• Statement of account statement to prove financial sufficiency
• Documentation proving ownership of the company if relevant

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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