Sweden offers a world-class environment for new businesses. Its immigration process for entrepreneurs, however, is very specific. Understanding the key rules is essential for a successful application.
This concise guide covers ten critical facts about Sweden’s residence permit for the self-employed. Knowing these points will help you prepare a stronger case for your move. It’s your essential checklist for one of the most popular Sweden immigration programs.
10 Key Facts About Sweden’s Entrepreneur Permit
1. It’s a Residence Permit, Not a Visa
You are applying for a “residence permit for self-employment.” This permit allows you to live in Sweden while running your company. It signifies a long-term commitment.
2. You Must Own at Least 50% of the Business
The Swedish Migration Agency requires you to hold significant control. You must prove ownership of at least half of the company to show you are the primary person in charge.
3. Proven Experience is Essential
A great business idea is not enough on its own. You must demonstrate relevant experience in your industry. This proves you have the skills to make your business succeed.
4. Your Business Must Operate in Sweden
Your company must produce or sell its goods and services within Sweden. You cannot use the permit to simply live in Sweden while managing a foreign business remotely.
5. You Need Proof of Personal Funds
You must show you can support yourself financially. The requirement is SEK 200,000 for yourself. You also need an additional SEK 100,000 for a spouse and SEK 50,000 per child. These are for living expenses.
6. A Swedish Network is Important
Your application is stronger if you have established contacts in Sweden. This can include communications with potential clients, suppliers, or partners. It shows your business plan is grounded in the local market.
7. The Business Plan is Critical
Your business plan is the most important part of your application. It must be detailed and well-researched. Include a market analysis, budget, and clear financial forecasts.
8. The First Permit is a Two-Year Trial
Your initial residence permit is typically granted for two years. This is a probationary period. To extend it, you must prove your business is running successfully and can support you.
9. No Initial Access to Social Benefits
During the initial permit period, you are not entitled to most Swedish social benefits. You must arrange for your own private health insurance. Self-sufficiency is mandatory.
10. Your Family Can Join You
This permit route allows you to bring your immediate family. Your spouse or partner and children under 18 can apply for residence permits at the same time as you.
Sweden welcomes well-prepared entrepreneurs. Success depends on meeting strict requirements for funding, experience, and business viability. Understanding these ten points is the first step toward achieving your business goals in Sweden. Navigating these complex Sweden immigration programs can be challenging, so consider seeking expert guidance.
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