Finland, as one of the world’s leading countries in innovation and quality of life, is an attractive destination for international entrepreneurs looking to launch innovative businesses. The Finland Startup Visa program allows non-European entrepreneurs to obtain temporary residence by presenting creative business plans and to develop their startups in one of Europe’s most dynamic startup ecosystems. This guide aims to provide accurate and step-by-step information to help you become familiar with the Finland Startup Visa process and confidently pursue your migration path.
What Is Finland Startup Visa?
The Finland Startup Visa is a migration program designed since 2018 by the Finnish Immigration Service (Migri) and Business Finland. This visa is created for non-EU entrepreneurs, including Iranian applicants, to receive temporary residence in Finland by presenting innovative business plans. It allows individuals to establish their business in Finland and benefit from government support and advanced infrastructure.
Key Features of the Startup Visa:
- No requirement for language certificates (such as IELTS or TOEFL)
- Fast processing (usually between 2 weeks and 2 months)
- Possibility for spouse and children under 18 to receive residence
- Access to financial support and Finland’s startup networks
Why Is Finland Suitable for Startups?
Finland is one of the best destinations for entrepreneurs for several reasons:
- Advanced startup ecosystem: With over 4,500 active startups, especially in Helsinki, Finland hosts successful companies such as Supercell and Wolt.
- Government support: Business Finland provides financial grants (up to €200,000), accelerators, and expert consultancy.
- Superior quality of life: Finland is consistently ranked the happiest country in the world, with high security, free education, and advanced healthcare services.
- Access to global markets: As a member of the EU and Schengen area, Finland is a gateway to international markets.
- Competitive taxation: A corporate tax rate of 20%, among the lowest in Europe, attracts businesses.
- Strong infrastructure: High-speed internet, reputable universities, and research centers provide a solid foundation for startup growth.
Eligibility Requirements for Finland Startup Visa
Applicants must meet the following conditions:
- Innovative business plan: The plan must be creative, unique, and have international growth potential. Repetitive or non-innovative plans will not be accepted.
- Work team: The startup team must include at least 2 and at most 4 members, each with relevant expertise to the business plan.
- Financial capacity: Applicants must prove they can support themselves and their families for at least one year (minimum €50,000 to €60,000).
- Commitment to full-time activity: Applicants must demonstrate they will be fully dedicated to developing their startup.
- Approval from Business Finland: The business plan must be reviewed and approved by this organization.
Steps to Obtain Finland Startup Visa
Applicants can follow these independent steps:
1. Prepare a Business Plan
The business plan should be professional, detailed, and written in English, including:
- Description of the idea and its innovation
- Market analysis and international growth potential
- Introduction of the team and members’ resumes
- Financial plan (including costs, revenues, and funding sources)
- Project timeline
Recommendation: Use standard business plan templates or consult experts to ensure your plan aligns with Business Finland’s standards.
2. Submit the Plan to Business Finland
- Submit the business plan through Business Finland’s official website (www.businessfinland.fi).
- After review, if approved, you will receive an Eligibility Statement valid for up to 2 months.
- This step is free and typically takes 2 to 4 weeks.
3. Apply for Residence Permit
- With the Eligibility Statement, apply for the startup residence permit via the Finnish Immigration Service website (www.migri.fi).
- Required documents:
- Valid passport
- Business Finland Eligibility Statement
- Business plan
- Financial documents (bank statements or employment contracts)
- Valid health insurance
- Completed application form
- Application fee: €350 to €500 per person (depending on the type of application).
4. Identity Verification and Interview
- After submission, you must visit the Finnish embassy or immigration service office for identity verification.
- You may be asked questions regarding your business plan and future plans. Be prepared to defend your proposal.
5. Receive Residence Permit and Move to Finland
- Upon approval, a residence permit valid for 1 to 2 years will be issued.
- After arrival, you must register your company and start your startup activities.
Required Documents
- Valid passport
- Complete business plan
- Eligibility Statement from Business Finland
- Financial documents (e.g., bank statements)
- Health insurance
- Completed application form
- Passport photos
- Identification documents for family members (if accompanying)
Note: Documents must be translated into English or Finnish. Language certificates are not mandatory, but English proficiency is necessary for document preparation and communication with authorities.
Associated Costs
- Residence permit application fee: €350 to €500 per person
- Living expenses in Finland (approximate monthly costs for one person):
- One-bedroom apartment rent in Helsinki: €900–1,200
- Groceries: €300–500
- Public transportation: €60
- Internet: €20–30
- Other expenses: €200–400
- Initial capital: Minimum €50,000 to €60,000 to cover living costs and startup expenses. If approved, financial grants up to €200,000 may be available.
Benefits of Finland Startup Visa
- Fast processing: Applications usually reviewed within 2 weeks to 2 months.
- No language certificate required: This simplifies the process for many applicants.
- Family residence: Spouse and children under 18 can obtain residence and access education and healthcare.
- Pathway to permanent residence: After 4 years of startup activity, permanent residence can be applied for, and after 5–6 years, Finnish citizenship.
- Financial support and networking: Access to grants, accelerators, and investors.
Promising Startup Fields in Finland
Finland leads in the following startup sectors:
- Information Technology and Software: Over 631 active startups
- Artificial Intelligence: Companies like Silo AI
- Computer Games: Companies such as Supercell and Unity
- FinTech: Like CrediNord
- Health and Education: Such as Kide Science
- Environment and Sustainable Energy: Like Cooler Future
How Can ITCiLand Help You?
With over two decades of experience in immigration services, ITCiLand is ready to assist you in obtaining your Finland Startup Visa. Our services include:
- Specialized consulting for business plan preparation
- Assessment of your personal situation and tailored solutions
- Support throughout document submission and communication with Business Finland
- Guidance for company registration and startup launch in Finland
For free consultation or to complete the evaluation form, contact us. At ITCiLand, we are committed to turning your entrepreneurial dreams in Finland into reality.
