Hi all,
question is whether I am best off getting a permit from PRH to start a Ltd without having EEA residence status or having my limited share business partner be a co-founder and either start the company and apply for an entrepreneur visa or the company employs me and thus simply apply for a work visa.
What would you all recommend? I see that roughly 2/3 of all entrepreneur permits are rejected. Work permits contrarily seem quite easy with a significantly greater success rate and faster processing time.
Any advice would be appreciated!
Starting a company options: Entrepreneur visa?
Starting a company options: Entrepreneur visa?
Last edited by jbraendl on Wed Dec 29, 2021 6:16 am, edited 1 time in total.
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Re: Starting a company options: Entrepreneur visa?
Visas and residence permits are different things. You need the latter.jbraendl wrote: ↑Wed Dec 30, 2020 11:43 pmMy main question is whether I am best off getting a permit from PRH to start a Ltd without having EEA residence status or having my limited share business partner be a co-founder and either start the company and apply for an entrepreneur visa or the company employs me and thus simply apply for a work visa.
You only need one person (presumably your business partner) to be EEA resident. This person doesn't need to have any ownership stake.
"If at least one Board member is a resident of the EEA, no permit is needed. In other cases a permit from the PRH is required."
https://www.prh.fi/en/kaupparekisteri/u ... luvat.html
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Re: Starting a company options: Entrepreneur visa?
jbraendl wrote: ↑Wed Dec 30, 2020 11:43 pmMy main question is whether I am best off getting a permit from PRH to start a Ltd without having EEA residence status or having my limited share business partner be a co-founder and either start the company and apply for an entrepreneur visa or the company employs me and thus simply apply for a work visa.
Migri wrote: You are an entrepreneur if you ... personally have at least 30 per cent of the number of votes produced by the company’s shares
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Re: Starting a company options: Entrepreneur visa?
You left out the bit about also having to be in a managerial position.FinlandGirl wrote: ↑Thu Dec 31, 2020 3:51 pmMigri wrote: You are an entrepreneur if you ... personally have at least 30 per cent of the number of votes produced by the company’s shares
” 9) entrepreneur means a person who is in a managerial position and engages in business activities; (121/2018)”
https://www.finlex.fi/en/laki/kaannokse ... 040301.pdf
Re: Starting a company options: Entrepreneur visa?
Thanks all,
Does anyone have any experience having applied for the entrepreneur visa? Are they typically granted for only a single year at first? I would also hope that the subsequent extended permit criteria is reasonable in terms of initial profitability.
Does anyone have any experience having applied for the entrepreneur visa? Are they typically granted for only a single year at first? I would also hope that the subsequent extended permit criteria is reasonable in terms of initial profitability.
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Re: Starting a company options: Entrepreneur visa?
The law says that first fixed-term residence permits are issued for one year, and none of the exceptions applies to normal entrepreneur or employee residence permits (except that it cannot be longer than the validity of your passport).
The main assessment is before the first permit, it is you who defines the expected initial profitability of your business.
With employment Migri checks whether the actual income matched the information in the first application when deciding on residence permit extensions, I do not know what they check for entrepreneurs.
Re: Starting a company options: Entrepreneur visa?
Hi, where did you see the stats? Thanks!I see that roughly 2/3 of all entrepreneur permits are rejected.
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Re: Starting a company options: Entrepreneur visa?
Thank you!FinlandGirl wrote: ↑Thu Jan 07, 2021 12:24 amhttps://tilastot.migri.fi/index.html#de ... /2/10?l=en
Re: Starting a company options: Entrepreneur visa?
What is the difference between Permits requiring a partial decision and self employment permits? Don’t most self employment applications require a partial decision anyways?
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Re: Starting a company options: Entrepreneur visa?
Different permits, and different agencies giving this permission based on different rules.