Why Ireland Startup Visa is becoming so popular?

 Launched in 2012 by the Irish government, Ireland start-up visa permits innovative and ambitious foreign entrepreneurs to establish their business idea in Ireland and live in the country permanently. Ireland is a hub of dynamic opportunities and provides a solid platform for entrepreneurs setting up their businesses in this beautiful country. Abhinav Immigration Services can carve out the perfect visa process with our dedicated and professional immigration support.

Who can apply?

You may apply for the Ireland start-up visa if you:

 

·        Have the required €50,000 funding available

·        Have an innovative business idea

·        Have good health and character

·        Can generate at least ten jobs

·        Business must be managed by experienced managers

·        Have the potential to create at least €1,000,000 in sales within 3 to 4 years 

Applicants can derive the funding from their resources, a business loan, business angel, venture capital, or grant from an Irish state agency.

Benefits of Ireland-Start-up visa

·        The residence permit allows individuals to live and work for two years in Ireland.

·        Low corporate tax

·        Move to Ireland with your family

·        Low Investment requirement of EUR 50,000

·        High living standards

·        Visa-free travel to 172 countries

·        One of the most valuable passports in the world

·        Access to high-quality education and healthcare benefits

·        Apply for long-term residence after five years

Documents Required

·        Business Plan

·        Original and photocopy of passport

·        Two passport-size photos

·        Original or Certified copy of Marriage Certificate (if applicable)

·        Original or Certified copy of Birth Certificate (if applicable)

·        Statement of Source of Funds

·        Evidence of funds available

·        Original Police Clearance Certificate

·        Receipt of payment of fees

Conditions attached to your business 

To get the Ireland business visa, you must:

·        Establish the business as outlined in your application

·        Work on this business on a full-time basis

·        You are not permitted to be employed in any other capacity

·        Not become a financial burden on the Irish State

·        Have a clean criminal record

How Abhinav can help?

Abhinav Immigration Services can assist you to evaluate your best possible options. Our services include:

 

·        Fast, transparent, and professional services

·        Document evaluation and business plan drafting

·        Forms, documentation & application filing

·        Regular updates and follow-ups

Experienced and highly knowledgeable team 

How much does a Canadian Start-up Visa cost?

 

Are you an entrepreneur? Do you have an innovative business idea? Is Canada immigration on your mind? If yes, the start-up visa is the right option for you.

 

The government of Canada runs a Canada business visa known as a Start-up visa program to attract skillful entrepreneurs across the globe and give them the funding and resources they need to thrive in their businesses.  In return, Canada provides sufficient resources to these businesses to prosper, make meaningful contributions to the economy and generate jobs for Canadians.

 

The process for the start-up visa is quite fast. Most of the applications are approved within weeks. The start-up visa also provides permanent resident status, which can lead to citizenship for the entire family.

 

How does Canada's start-up visa work?

 

Step 1: Get your business approved by a designated authority

 

To begin with, you need to get a letter of support from one of the designated investor organizations. The letter must state that the body is willing to support your idea.

 

Step 2: Meet the language requirements

 

While applying for the start-up visa you must prove that you are able to communicate in either English or French language or both. You need to provide Immigration, Refugees, and Citizenship Canada (IRCC) with proof of language proficiency. So, you must take a language test from an IRCC approved agency and meet the minimum language requirements.

 

Step 3: Prove business ownership requirements

 

To qualify for Canada’s start-up visa, you need to make sure that your business must have at least five owners. Each applicant must hold at least 10% of the voting rights in the business.  The designated investment organization and the applicant/s must together own more than 50% of the voting rights in the business.

 

Step 4: Demonstrate sufficient funds to settle in Canada

 

Since the Canadian government does not provide any financial aid to entrepreneurial immigrants, you need to prove that you have enough funds in your bank account when you move to Canada.

 

The minimum amount you must secure for your business is:

 

·        2, 00,000 CAD, if the investment comes from venture capital in Canada

·        75,000 CAD if the investment amount comes from an angel investor

·        No minimum investment if your business idea is accepted by an incubator

 

Application Cost

 

Application fee for the primary applicant- 1,540 CAD

Spouse- 1,040 CAD

Dependent Child- 150 CAD

The processing time takes between 12 to 18 months for the start-up visa.

What are the business opportunities in Ireland 2021?

 

If you are even muddled about the business opportunities in Ireland 2021, look nowhere because the answer is here. The year 2021 promises to be an excellent year for businesses in Ireland. The country is traditionally known for the lowest corporate tax rate globally, clocking at 12.5%. It is the main reason why MNCs and Tech giants have established their branch offices in the heart of the country, Dublin.

 

Recently, there was a whole controversy around unifying the Global Corporate Tax rate by the USA and OECD panel to bring the tax rate to 15%. And Ireland was one of the few countries that opposed this policy. However, eventually, the country succumbed to international pressure but promised complete support and implemented new guidelines for the businesses in the country. And, the year 2021 will become remarkable for the new companies.

And, if you are thinking, what business should I start in Ireland? Then we have assorted a list of business opportunities in Ireland:

•        Tourism Sector – Being an exotic geographical location, there is a lot of strategic advantages for tourism. There are a bunch of attractive places and activities that a traveler or a tourist can enjoy. Establishing a business in the tourism or hospitality sector can be a great deal when tourism booms in 2021.

•       Food & Drink Business – Talking about sustainable business operations, the food & beverages business never goes out of style. There is a substantial amount of demand for food and drink among the Irish people, which a new food startup can utilize.

•         Consulting Services – Every business, mid or small scale, requires professional consultation. Ireland is known for new startups, and if you start a consulting business, you can easily connect with the new businesses and their owners. Many Ireland Golden Visa holders aim to start their consulting business

•         Construction & Real Estate – The country’s economy rests on the infrastructure, and real estate industries are growing—it means more opportunities in the construction and real estate business for you to cash in.

•        Fitness Industry – The fitness industry is slowly witnessing the boom, thanks to the pandemic and food industry. Many people are aiming to adopt a healthy and fit lifestyle. It gives more opportunities for certified fitness trainers to establish a fitness center in Ireland.

If you want to know more business opportunities in Ireland 2021, you can sign up for a free counseling and guidance session. Call us at 8595338595 or mail at web@businessimmigrationvisas.com

Innovative business ideas for your Australia Startup Visa

 

Australia Startup Visa can be your safest bet for those who wish to enter Australia and start a business. The program allows all business professionals to apply and establish a new business in the country and attain permanent residency. But, how do you plan for a new startup? First, you need to have a unique and innovative business idea to proceed with the application.

 

 

If you are toying with the idea of starting a startup, then here are some innovative ideas:

 

• Real Estate and Rental Services – Currently, the industry is booming in the country due to the presence of newcomers and international students. You can start your business in property management, real estate sales and brokerage, vehicles, appliance, and equipment rentals.

 

•       Agriculture, Fishing, and Forestry – Through, there is no specific Business visa Australia program for this sector. Still, you can start your business in Agriculture, Fishing, and Forestry, one of the most popular sectors in the country, especially in regional Australia. The sector includes dairy cattle farming, egg farming, cotton growing, and nursery production.

 

• Construction – Like Real Estate, the construction business is a flourishing sector in the country. You can cash in the opportunity in concreting, carpentry, painting, metal cladding, landscaping, waterproofing, scaffolding, and tiling. You may also consider trying your hand in the residential and commercial building construction services.

 

• Technical, Scientific, and Professional Services – Under these services, you can build your business in accounting, legal services, advertising, market research, engineering, and management consulting services. These professional services have great scope in Australia.

 

• Retail Trade – For Australia Immigration, you may choose any popular business pathway. It allows you to start your business in retail, including bakery shops, grocery stores, convenience stores, and supermarkets.

 

• Administrative and Business Support Services – You can also choose your business in credit agencies, tour and travel agencies, placement services, packaging, and commercial cleaning services.

 

• Wholesale Trade Services – Under these services, you can establish your business in cereal and grain, timber, hardware, soft drinks, and food wholesaling.

 

If you want to know more business ideas for your Australia Startup Visa, you can sign up for a free counseling and guidance session. Call us at 8595338595 or mail at web@businessimmigrationvisas.com

Why do Ireland Startup Visa holders enjoy Low Corporate Tax?

 

Ireland Startup Visa provides a unique opportunity for all aspiring and established business professionals to migrate to Ireland by investing EUR 50,000 in a new business. The program is considered one of the cheapest startup programs in the world. For this reason alone, abundant business professionals are flocking to the country. Another attractive feature of the country is the low corporate tax rate at 12.5%. It is why Ireland is considered as the Tax Haven Country in Europe.

 

Due to the low corporate tax rate, global MNCs and tech companies establish their new companies in Ireland. The prominent examples are Google, Facebook, Apple, Twitter, IBM, LinkedIn, HP, and Pfizer. The country attracts a considerable amount of Foreign Direct Investment (FDI) due to the robust startup ecosystem in the country. In fact, the country is the second most attractive country Foreign Direct Investment (FDI), only behind Singapore. Due to this, there is an immense demand for Ireland Entrepreneur Visa 2021 and other visas.

 

The significant reasons for Ireland being a very attractive country are:

·        The low corporate tax rate at 12.5% which can be further lowered by financial engineering

·        The country has an abundant young, technically skilled workforce

·        The startup ecosystem of the country is very progressive and sustainable, giving more opportunities for new startups and foreign businesses

·        The country is a part of the EU with the currency Euro which should lead to a more stable currency than sterling

·        The IDA Ireland is one of the most influential lobbying organizations in the world that attracts foreign MNCs and businesses into the country

·        Moreover, the country enjoys low business operations cost and low cost of living as compared to the European neighbors

 

Recently, US President Joe Biden introduced a proposal to implement a Global Minimum tax of 15%. More than 100 countries supported to implementation of the Global Minimum corporate tax at 15% for all businesses. The proposed global minimum tax applies only to a country’s profits earned overseas. The new system is designed to prevent the MNCs and Big Tech Companies from dodging tax obligations by offshoring.

 

However, Ireland is one of those countries that opposed this proposal and decided to continue with 12.5 corporate tax in the country. Due to these tax haven benefits, Ireland was able to revise the GDP growth rate from 7.8% to an enormous 26.3%. Many immigration visas, such as Ireland Self-Employed Visa and startup visas, played an essential role in reviving the economy. The country has one of the highest GDPs per capita in Europe, which was achieved by the presence and profits of around 1500 multinational companies in the country.

 

For guidance on the process, updates, and timelines of attaining Ireland Permanent Residency with Ireland Startup Visa option, reach us @ 8595338595 or at web@businessimmigrationvisas.com.