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Start up

Start up in a glance

In today’s fast-paced world, ideas are aplenty, and a lot of people want to venture towards entrepreneurship. This calls out for doing extensive market research and diving towards independence by becoming your own boss. Above all, it takes a lot of courage to venture out. Moreover, it requires careful planning, in the form of startup launch.

What starts off as a small business can scale up to be of a huge magnitude in the future. After-all, big companies such as Apple, Microsoft and Google were startups too at one point in time. Similarly, new technology namesakes like Twitter, Uber and Facebook lead the startup ecosystem.

Successful immigration

  • Immigration through running startup
  • Educational immigration
  • Marriage immigration
  • immigration through refuge

Start up in a glance

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Let’s get the discussion rolling by defining what is meant by this term.

Startup is basically a company that is in the preliminary stages of its time in terms of business operations. It’s literally starting out where it’s co-founded by one or more people, who develop a product or service for market.

This means that a startup company usually requires a lot of money, that they either bootstrap themselves. Or, they are generally on a look out for crowdfunding or venture capitalists.

These venture backers fund the startup owners the initial investment for starting out their operations. In return, these angel investors may get stake in the company.

Resi­dence permit requi­re­ments for startup

  • have a valid passport (if your passport is about to expire, you should extend it because you cannot get a permit for longer than your passport if valid)
  • show that you have considerable experience in the industry and previous experience of running your own business
  • show you have relevant knowledge in Swedish and/or English
  • prove that you are the person who is running the company, has executive responsibility and owns at least 50 per cent of the company
  • your company’s services or goods must be produced and/or sold in Sweden
  • show that you have enough money of your own to provide for yourself and any family members for the first two years (the equivalent of SEK 200,000 for you, SEK 100,000 for your accompanying wife/husband and SEK 50,000 for each accompanying child)
  • present plausible supporting documentation for your budget
  • show that you have created customer contacts and/or a network in Sweden
  • show that after the trial period of two years, your company’s finances are in balance and that you can support yourself and any family members (the stipulated amounts are calculated on the basis of the Swedish standard for income support plus housing costs).