Can you apply for a Startup Denmark Visa? What are the requirements to get a Danish Startup Visa? What is the validity of a Denmark startup visa? Read on to know everything about getting an entrepreneur visa to Denmark
Denmark is a very entrepreneur-friendly country. For many years, it has held the highest index score for the Ease of Doing Business in Europe. Denmark encourages native entrepreneurs as well as people from around the world with innovative ideas.
Anyone wanting to set up a business in Denmark can apply for a startup Denmark visa. This program is designed for innovative companies with high growth potential. If you want to open a restaurant, cafe or retail store, this may not be the right visa for you.
Who Is Eligible For A Startup Denmark Visa?
The startup Denmark visa is designed for self-employed non-EU citizens.
An application may be submitted by an individual; or by a team of up to 3 people.
The eligibility criteria are:
- Approved business plan
- The applicant must be a non-EU citizen
- The applicant must be financially stable
- The applicant must play an active role in the business
Validity Of The Startup Denmark Visa
A residence and work permit under the startup Denmark visa program is valid for 2 years. It may be extended by an additional 3 years.
Getting Your Business Idea Approved
The application form for getting your business idea approved can be completed and submitted online by creating an account here. The key points that must be conveyed are:
- Business pitch: The application must say what the product/service is and what stage of development it has reached.
- Team competencies: The applicant must prove that he/she has the required skills and resources to bring the business plan to life.
- Market analysis: The applicant must explain details about the target audience, existing competitors, distribution model, price bands and marketing strategy.
- Why Denmark: The applicant must explain why he/she wants to establish the business in Denmark
- Initially planned activities: The applicant must describe the first few steps planned as well as the budget set aside for it if the application is approved
- Documentation: Any types of relevant patents, funding, etc. must be included in the application
This pitch deck must have no more than 15 ppt slides of 10 pdf pages and must be in English
In addition, a 5-minute video pitch is also required. This must talk about the innovativeness of the idea, the company’s market position, scaling potential and why the applicant is the right person to work on this idea.
Judging Criteria For A Danish Entrepreneur Visa
Applications are judged by an independent panel on the basis of 4 evaluation criteria:
- Level of innovation in the business model
- The market value of the business idea
- The team’s resources and competencies.
The application is given a score of 1 to 5 for each criterion. A minimum score of 3.5 is required in each criterion for the application to be approved.
Financial Requirements For A Danish Entrepreneur Visa
The applicant must prove that he/she has sufficient funds to cover their first year in Denmark. The minimum amount required for this is:
|A single applicant living in Denmark||DKK 1,40,592|
|Applicant and spouse living in Denmark||DKK 2,81,184|
|Applicant, spouse and one child living in Denmark||DKK 3,27,432|
|An applicant with one or more children living in Denmark||DKK 1,86,840|
Processing Of The Application
Applications are usually processed within 6 weeks in chronological order. If the application is approved, the applicant can stage forward to applying for a residence and work permit.
If The Application Is Rejected
Once submitted, the applications are screened against the formal requirements.
If an application is screened out at this stage, an email and an explanation will be provided. The application can be resubmitted with the required additions. Common reasons for an application to be screened out are:
- The applicant is an EU citizen
- The application is not in English
- The business model does not meet the program criteria
- The information provided is not credible
After the screening, it is judged by an expert panel. If the application is rejected by the panel, an email with a statement on all 4 judging criteria will be provided. The applicant may reapply or appeal the evaluation to the Danish Business Authority.
Applying For A Denmark Startup Visa
Once the business plan is approved, the applicant can apply for a residence and work permit. The application must be submitted within one month of getting the business idea approved.
- A case order ID must be created and an application fee of DKK 1,890 must be paid.
- The SD1 application form must be completed and submitted online
- Biometrics must be submitted within 14 days of submitting the application
Documents Required To Get A Startup Visa To Denmark
Apart from approval by the expert panel, you will also need to submit
- Scanned copies of all pages of your current passport
- Application fee receipt
- Document proving financial standing
- Proof of company ownership
The application is usually processed within one month and you will be notified of the result via email/SMS.
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