Name of visa/program: Irish Visa Start-up Entrepreneur Programme
Duration of visa: 1 year (renewable to 3 years, then 5 years), includes family.
Average duration until acceptance: 3 months
Cost: –
URL: Program Link
The Irish Start-Up Entrepreneur Visa Programme, introduced by the Irish Government in 2012, allows experienced businesspeople with an innovative business plan to gain long term residence in Ireland. To take advantage of this programme you must intend to introduce a ’new or innovative product or service’ to International markets, as well as have €50,000 in start up funds.
This could be an entirely new business, or an existing one which you plan to relocate to Ireland.
To be eligible for an Irish visa under the Start-up Entrepreneur Programme your business plan must be for a ’High Potential Start-up’, defined as a business which will:
• Introduce a ’new or innovative’ business plan to international markets
• If an existing business which you plan to relocate to Ireland, it must be less than 6 years old at the time of the application Have the potential to create at least 10 new jobs in Ireland within 4 years
• Have the potential to generate at least €1,000,000 in sales within 3 to 4 years
• Be headquartered in Ireland
• Be led by experienced managers
• Have at least €50,000 of initial funding
• A business plan written using the template provided on the Irish Naturalisation and Immigration Service website
To renew the permit, start-up must still be operating and must have secured an assessment from the Evaluation Committee stating its success. If the assessment from the Evaluation Committee comes back as positive, a 3-year
residence permit extension will be granted. After this 3 year extension, permits can be renewed 5 years at a time regardless of how well the business is doing. After a total of 8 years of residency, residents can apply for naturalisation
What is your backup plan? Talk to us.
