Finland to have a two-tier system for Start-up Visas

Immigrants’ entrepreneurship coordinator KaisuKeisala-Kaseja said that Finland’s system of Start-up Visas might create a two-tier system. This two-tier system will favour the techies.

Kaseja said that the migrants are looking for information on how to get stay permits to start their own companies in Finland. There is already a scheme called Start-up Visa scheme in place for entrepreneurs. However, this is helping only a very small group of them. The major problem is for start-ups. The program does not cater to regular or small enterprises that do not function in the technology sector.

The Co-ordinator said that this is causing a divide among the people in the society. One part being those who get their visa very fast and having to wait for a very long time. She concluded that normal businesses are more fruitful for Finland.

The Finland government says that the Start-up Visa will attract new business ventures in the country. This will further help the country compete in the international market.

The Business Finland Innovation Centre will give a favourable assessment for those wishing to get the entrepreneurs’ residence permit. After the evaluation, the applicant must file the residence permit application. The application will be reviewed by Migri on factors like projected income and general grounds.

Not just any business idea will be approved for the Start-up Visa. Those who show that they can grow quickly will be approved. Along with the business idea, applicants must also have a monthly income of 1,000 euros. Along with that, the applicant must also have enough funds to support a stay of two years.

According to the Yleuu TISET, Keisala-Kaseja said that few factors such as agreements or partnerships could be a difficulty in meeting.

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