May 18, 2022

Ireland Startup Visa

Ireland Startup Visa was introduced by the Finnish government in 2012. It is called “Irish Startup Entrepreneur Visa Programme.” This program allows experienced business people with an innovative business plan to obtain a permanent residence for a long term in Ireland.

To take advantage of this visa program, you should plan to launch a ‘new or innovative product or service’ to International markets and have €50,000 in start-up funds. This business type could be brand new or an existing one for which you have planned to relocate to Ireland. Overseas entrepreneurs can very well obtain for themselves a temporary residence permit in Ireland through this Ireland Startup Visa.

Eligibility Requirements for Ireland Startup Visa

  • The applicant for Ireland startup visa should have minimum funding of €50,000 in available funds to set up or relocate their business to Ireland. The funding can be sourced from your own funds, business loan, Angel investor or venture capital funding, or a grant from the Irish State Agency.
  • If these are own funds, they must be kept in a financial institution regulated by the Central Bank of Ireland. For this, you must show a letter from the institution confirming the available funds.
  • If the funds are present in a financial institution regulated by a domestic regulator, not in Ireland, you are supposed to show a letter from the institution stating that the funds can be transferred to Ireland and converted into Euros.
  • Letter from institution declaring that your account comprises funds for a minimum of 3 months before the letter’s date.
  • Bank statements indicate that the funds have been present in your account for a minimum of 3 months before the latest statement date. This statement should not be more than a month old during the time of the application.
  • If you are sourcing funds from a loan, angel investor, venture capital firm, or Irish State agency, or any combination, then you must have a letter from every source of your funding. The letter must declare the amount of available funds provided to you and confirm that they would be used for a proposed business.
  • A comprehensive health insurance.
  • Have no previous criminal record or have been convicted of criminal offenses in any jurisdiction.
  • Have an innovative business proposal.

How to Apply for Ireland Startup Visa?

Step 1: You will be required to submit an online application for this Ireland Startup Visa via email. Along with that, you must attach the supporting documents, which would comprise the €50,000 funding, details about the funds sourcing, and evidence of your good moral standing. Also, along with this, a proposal that outlines your innovative business idea.

Step 2: You are required to pay an application fee of €350 through electronic fund transfer, which is non-refundable. The processing of the application will not start until the necessary payments have been fully paid. An underpayment of the fee will lead to delays in the application processing. Incomplete applications shall be returned and not accepted by the authorities for evaluation.

Documents Required for Ireland Startup Visa

  1. Evidence of the funds that shall be utilized for the proposed start-up. Also, the applicant should be able to prove that they can transfer these funds to Ireland and convert it into Euros.
  2. Proof that you have a spotless criminal record in the form of an Original Police Clearance Certificate.
  3. If you plan to relocate your existing business to Ireland, you will be required to provide the business’s latest audited accounts.
  4. Also, a business plan is written by using the template provided on the Irish Naturalisation and Immigration Service website.
  5. An original as well as the photocopy of the passport.
  6. Two passport-size photos.
  7. Proof of your comprehensive health insurance.
  8. Character statements from the police of all countries have lived in the last six months or more in the ten years before applying.

How Can Visa Ray Help You Get Finland Startup Visa?

Visa Ray provides a detailed range of services for all kinds of immigration applications. This, along with a dedicated Business Immigration division backed by a seasoned team of Immigration Specialists who specialize in counseling, processing, and successful submission of Ireland startup visa applications and other business visas or other startup visas.

Use the form below to connect with us and our team of business visa specialists will get in touch with you and help you to get your Ireland Startup Visa.

  • eg. +44-1234567890
  • Sorry for asking, but we have to know if you can sustain yourself in Canada. or the country you are applying for.

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