In today’s global marketplace, individuals and business executives are no longer expected to remain in a single country to conduct their businesses. Many will need to migrate and relocate overseas to where they feel will have personal benefits and where their businesses will thrive.
Getting the right advice, guidance and assistance is vital to ensure a successful and pain-free relocation process. Our Startup and SME Immigration division at Newland Chase are experts in Global startup options and are able to support clients through their visa application process. With a full array of trusted network partners, our tailored immigration service also ensures that clients receive all other practical assistance with their relocation processes, such as tax advice and business set-up.
Newland Chase is located in major cities around 15 countries and stretches across 5 continents, our team of experts are able to provide a personalised approach to every client’s needs and offer them local practical advice to the country of their choice.
Tier 1 Entrepreneur – Introduced in 2008, this route requires a £200,000 investment into a brand new or existing business. Applicants are required to provide a business plan and prove they can speaking a good level of English. Successful applicants will be granted a 3-year visa initially, with an option to extend for a further 2 years, providing they have hired 2 full-time local employees. Following this, entrepreneurs can apply for permanent residency and citizenship the year after. There is also an accelerated settlement option for those who have hired 10 local employees or have a turnover of £5million after the initial 3 year period, and can apply for permanent residence without the need for an extension.
Business Innovation and Investment Programme (BIIP)- Business Innovation Visa: Launched in 2012, this programme is designed to attract both entrepreneurs to the country. Applicants are required to score 65 in the points based system with minimum assets of $800,000AUD for the, have a business credit history and the capacity to run a business. Successful applicants can apply for one extension for an additional two years so your visa can last up to six years. Nearly 80% of successful applicants over the last 2 years are from China.
Entrepass – Launched in 2004, this is one of the more established programmes but has seen a number of changes over the years to ensure the right type of foreign entrepreneurs apply with a business idea that is innovative in nature, and able to create local employment. Applicants must be over 21, with an entrepreneurial or relevant background. They must hold at least 30% of the new business and have a minimum paid-up capital of S$50,000. There are different categories for renewals depending on company turnover and number of employees at the time of renewal. EntrePass holders are eligible to apply for permanent residence but this is subject to approval by the Singapore immigration authority.
Start-up Visa – Launched in 2013, this programme replaced the Entrepreneur Visa and aims to make Canada attractive to entrepreneurs from across the world. Applicants are required to have backing from either an approved Venture Capital company (VC) of CA$200,00 or angel investor of CA$75,000. You can also apply if you have been accepted on one of the approved business incubators in Canada, without any financial backing. You can find a list of all ‘designated organizations’ on the Government of Canada’s website.
Other countries that offer Entrepreneur and Startup Visas include Chile, Denmark, France, Ireland, Italy, Netherlands, New Zealand and Spain. Please contact us if you require any further information or advice on any of the entrepreneurial routes.