Residence permit for Self Employed (Entrepreneur)

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Sweden
About
Requirements
Cost of Living
Expats
Talent Migration

About

If you are a non-EU/non-Swiss citizen and plan to work for a period longer than three months to start up or run your own business or become a part owner of a company, you must have a residence permit.

When you have had a residence permit for two years you may be granted a permanent residence permit, provided that you are able to support yourself using the income from your business, adhering to the principles and holding the required permits. You must also have been a resident in Sweden for more than six months of each year.

Application Process

  • Apply online or in person, from your home country with the necessary documents
  • After the application is received and evaluated.
  • Upon successful application, decision is made
  • The decision is sent to the embassy or consulate general you selected in your online application.
  • Get a permit for two years but not past the time for which your passport remains valid.
  • On holding the residence permit for two years, be eligible for applying permanent residency (as applicable)

NOTE: If you have applied for asylum, have received a temporary residence permit, and are able to support yourself, then you can receive a permanent residence permit in some cases. Know more on this by checking this link.

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Duration

Upto 24 month(s)

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Citizenship

60 Month(s)

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Fees

220 USD (approx.)

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P. Residency

24 Month(s)

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Processing time

Upto 40 week(s)

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COMPLEXITY

Medium

What are eligibility requirements for the Residence permit for Self Employed (Entrepreneur)?

9 Eligibility Requirements

  • You should have a valid passport
  • You must show that you have significant experience in your field and previous experience of running your own business
  • You must have documented relevant knowledge in Swedish and/or English
  • You must show that you are running the business, that you have the ultimate responsibility for it and that you own at least half of the business
  • You should show that the business' services or goods are sold and/or produced in Sweden
  • You must show that you have sufficient funds to support you and, if applicable, your family during the first two years (equivalent to SEK 200,000 for you, SEK 100,000 for your spouse and SEK 50,000 for each accompanying child)
  • You must show reliable source documentation for your budget
  • You should show that you have established customer contacts and/or a network in Sweden
  • You must show that your company, following a 2-year probationary period, will have its finances in balance and you have the ability to support yourself and, your family included (if applicable)

Which documents do I need to apply for the Residence permit for Self Employed (Entrepreneur)?

13 Document Required

  • Copies of the pages in your passport which show your personal information, photograph, signature, passport number, passport issuing country, the period of the passport's validity, entry and exit stamps and whether you have permission to live in countries other than your country of origin
  • Bank statements which shows that you have sufficient funds to support you and your family during the first two years (equivalent to SEK 200,000 for you, SEK 100,000 for your spouse and SEK 50,000 for each accompanying child)
  • Bank statements which show, that you have sufficient funds to buy the business and to cover the estimated costs and investments necessary to run the business (if applicable)
  • Contract of sale if you have bought or intend to buy the business or enterprise
  • Partnership agreement or stock register
  • Bank document showing your part in the purchase
  • Contracts with customers/suppliers and for premises
  • Annual accounts/reports for the previous two years (if the business has been in operation earlier)
  • Balance sheet and income statement (report) for the current financial year, up to and including the previous month
  • Course certificate or other evidence that you speak Swedish and/or English
  • Certificates to substantiate your educational background
  • Certificates from previous employers (if applicable)
  • Certificate of registration for companies you own or have own outside of Sweden

Talent Migration data for Sweden

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

Disclaimer: Visadb.io is a FREE visa database and Immigration Expert Marketplace. The information displayed in this page is not legal advice. Please speak to an Expert before applying.

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