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One can apply for a Start-up visa if:

• he/she wants to set up an innovative business in the UK – it must be something that’s different from anything else on the market, and
• he/she meets the other eligibility requirements.

ELIGIBILITY

One must be endorsed by an authorized body that is either:

• a UK higher education institution, or
• a business organization with a history of supporting UK entrepreneurs.

One must be able to show that their business idea is:

• a new idea – one cannot join in a business that is already trading,
• innovative – one must have an original business idea which is different from anything else on the market, and
• viable – it has potential for growth.

HOW LONG YOU CAN STAY?

One can stay for 2 years if they either:

• come to the UK on a Start-up visa, or
• switch to this visa from another visa while in the UK.

WHAT IF, IF YOU WANT TO STAY LONGER IN THE UK?

One cannot apply to extend this visa.

One may be able to switch to an Innovator visa if they set up a business while on a Start-up visa and:

• their endorsing body assessed and agreed it,
• it is active, trading and sustainable, and
• he/she have day to day involvement in it.

HOW TO APPLY?

One must apply online.

How one can apply depends on whether they’re:

• Outside the UK and are coming to the UK

One must apply online for a Start-up visa.

When they apply they need to provide an ‘endorsement letter’ to show that an endorsing body has assessed their business.

One need to provide:

• a valid passport or other document that shows their identity and nationality,
• bank statements showing they’ve had at least £1270 in savings in their bank account for 28 consecutive days before they apply,
• proof that they meet the English language requirement, and
• their tuberculosis test results if they’re from a country where they have to take the test.

• Inside the UK and switching from a different visa

One might be able to apply to change (‘switch’) to a Start-up visa if they’re already in the UK on a different type of visa.

Before applying, one need to have their business or business idea assessed by an endorsing body. They will provide them with an endorsement letter if their business is viable.

One must also:

• be at least 18 years old
• meet the English language requirement
• be able to prove that he/she have enough personal savings to support their self while they’re in the UK
• one need to have had at least £1270 in their bank account for 28 consecutive days before they apply, or if they’ve been in the UK for less than a year and applying to switch to this visa.

Who cannot apply to switch to this visa

One cannot switch to this visa if he/she have one of the following:

• a visit visa,
• a short-term student visa,
• a Parent of a Child Student visa,
• a seasonal worker visa,
• a domestic worker in a private household visa,
• immigration bail, and
• permission to stay outside the immigration rules, for example on compassionate grounds.

Their partner and children can also apply to stay in the UK if they’re eligible. They’ll need to complete separate applications.

HOW LONG IT TAKES?

Once applied online, proved your identity and provided your documents, one will usually get a decision on visa within:

• 3 weeks, if you’re outside the UK
• 8 weeks, if you’re inside the UK

FEES

How much one pay for a Start-up visa depends on their situation and where one can apply from.

WHAT YOU CAN AND CANNOT DO

With a Start-up visa you can:

• bring your partner and children with you as your ‘dependents’, if they’re eligible
• work in another job, as well as working for your business
• travel abroad and return to the UK
• You can also switch to this visa from some other visa categories.

You cannot:

• apply for most benefits (public funds), or the State Pension
• work as a professional sportsperson, for example a sports coach
• settle in the UK on this visa

BUSINESS PLAN FOR UK STARTUP VISA

One of the first requirements for the application of your startup visa is to write a business plan address to the Home Office. The business plan should reflect strategies that are going to make the business successful and hence benefiting the economy of the UK. Thus, the business plan should be written in details. As per the Home Office, the acceptance or rejection of your Visa entirely depends upon the kind of business plan you write. 1/3rd of all the Visas get rejected by the authorities due to poorly constructed business plans.

WHAT NEEDS TO BE INCLUDED IN THE TIER 1 BUSINESS PLAN?

Details regarding every area of your business should be present in your business plan. That includes:

• Executive summary
• Business overview
• Physical setup and operational plan of the business
• Market Analysis
• The details of the services and products you would be selling
• Sales and Marketing plan outline
• Competitor Analysis
• Role of all the key players involved in the business and their information
• Financial projections and plans

We, at Infocrest, will help you in writing a winning Business Plan which will help you get an endorsement at one go. 

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OVERVIEW

One can apply for an Innovator visa if:

• he/she want to set up and run an innovative business in the UK – it must be something that’s different from anything else on the market
• that business or business idea has been endorsed by an approved body, also known as an endorsing body
• he/she meet the other eligibility requirements

ELIGIBILITY

One must be able to show that your business idea is:

• new – one cannot join a business that is already trading
• innovative – one must have an original business idea which is different from anything else on the market
• viable, with potential for growth

Knowledge of English

One must be able to speak, read, write and understand English. They’ll usually need to prove their knowledge of English when they apply.

HOW LONG YOU CAN STAY?

One can stay for 3 years if he/she either:

• come to the UK on an Innovator visa, and
• switch to this visa from another visa while in the UK.

WHAT IF, IF YOU WANT TO STAY LONGER IN THE UK?

One can apply to extend their stay for another 3 years when their visa is due to expire. There’s no limit on the number of times one can extend.

He/she may be able to apply for settlement once they’ve been in the UK for 3 years.

HOW TO APPLY?

One must apply online.

How one can apply depends on whether they’re:

• Outside the UK and are coming to the UK

One must apply online for an Innovator visa.

When he/she apply, they need to provide an ‘endorsement letter’ to show that an endorsing body has assessed their business or business idea.

One also need to provide:

• a valid passport or other document that shows their identity and nationality
• bank statements showing they’ve had at least £1,270 in savings in their bank account for 28 consecutive days before they apply
• proof that they meet the English language requirement
• evidence of their investment funds (if you’re setting up a new business)
• their tuberculosis test results if they’re from a country where they have to take the test

• Inside the UK and extending your current visa

One can usually apply to extend an Innovator visa if both of the following apply:

• he/she meet the eligibility requirements,
• they’re still running a business in the UK or want to set up a new one.

One must have £50,000 in investment funds if they want to set up a new business.

But they do not need funds if either:

• the business is already established and has been endorsed for an earlier visa
• they’ve changed their business and already agreed it with their endorsing body
• they need to have their business or business idea assessed by an endorsing body when they extend their visa.
• Inside the UK and switching from a different visa

One might be able to apply to change (‘switch’) to an Innovator visa if they’re already in the UK on a different type of visa.

Before they apply, they need to have their business or business idea assessed by an endorsing body. They will provide them with an endorsement letter if their business is eligible.

One must also:

• meet the English language requirement
• be at least 18 years old
• be able to prove that you have enough personal savings to support yourself while you’re in the UK

If you want to set up a new business

One must have at least £50,000 in investment funds to apply for an Innovator visa if they want to set up a new business.

They’ll need to prove where they got their funding from.

One does not need any investment funds if either:

• their business is already established and has been endorsed for an earlier visa
• they’ve changed their business and already agreed it with the endorsing body

Who cannot apply to switch to this visa

One cannot switch to this visa if they have one of the following:

• a visit visa,
• a short-term student visa,
• a Parent of a Child Student visa,
• a seasonal worker visa,
• a domestic worker in a private household visa,
• immigration bail, and
• permission to stay outside the immigration rules, for example on compassionate grounds.

Supporting yourself

One need to have had at least £1,270 in their bank account for 28 consecutive days before they either:

• apply for an Innovator visa,
• apply to extend their Innovator visa or switch to an Innovator visa if they’ve been in the UK for less than a year

One cannot use either of the following to support their selves:

• money from their investment funds
• money earned while working in the UK illegally

Sharing investment funds

One can form a team with other Innovator applicants, but one cannot share the same investment funds.

Their team must have £50,000 for each Innovator applicant. For example, if you have 2 Innovator applicants, your team must have £100,000 to invest.

HOW LONG IT TAKES?

Once they’ve applied online, proved their identity and provided their documents, they’ll usually get a decision on their visa within:

• 3 weeks, if they’re outside the UK
• 8 weeks, if they’re inside the UK

FEES

How much one pay for a Start-up visa depends on their situation and where one can apply from.

WHAT YOU CAN AND CANNOT DO

With an Innovator visa one can:

• set up a business or several businesses
• work for their business – this includes being employed as a director, or self-employed as a member of a business partnership
• bring their partner and children with them as their ‘dependents’, if they’re eligible
• travel abroad and return to the UK
• apply to settle permanently in the UK (also known as ‘indefinite leave to remain’) if they’ve lived in the UK for 3 years and meet the other eligibility requirements

One cannot:

• do any work outside their business, for example work where they’re employed by another business
• work as a professional sportsperson, for example a sports coach
• apply for most benefits (public funds), or the State Pension

BUSINESS PLAN FOR UK INNOVATOR VISA

One of the first requirements for the application of your innovator visa is to write a business plan address to the Home Office. The business plan should reflect strategies that are going to make the business successful and hence benefiting the economy of the UK. Thus, the business plan should be written in details. As per the Home Office, the acceptance or rejection of your Visa entirely depends upon the kind of business plan you write. 1/3rd of all the Visas get rejected by the authorities due to poorly constructed business plans.

WHAT NEEDS TO BE INCLUDED IN THE INNOVATOR VISA (TIER 1) BUSINESS PLAN?

Details regarding every area of your business should be present in your business plan. That includes:

• Executive summary
• Business overview
• Physical setup and operational plan of the business
• Market Analysis
• The details of the services and products you would be selling
• Sales and Marketing plan outline
• Competitor Analysis
• Role of all the key players involved in the business and their information
• Financial projections and plans

We, at Infocrest, will help you in preapring a winning Business Plan which will help you get Innovator Visa and  stay in the UK.

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The US EB-5 Immigrant Investor Program requires that a foreign individual invests into a new commercial enterprise that is associated with government-approved regional centers based on proposals for promoting economic growth.

ELIGIBILITY

Under this program, investors (and their spouses and unmarried children under 21) are eligible to apply for a Green Card (permanent residence) if they:

• Fulfil one of the following investment options:

• USD 1,050,000 into a non-targeted employment area project

• USD 800,000 into a targeted employment area project in a rural area or an area with high unemployment

• Create or preserve 10 permanent full-time jobs for qualified USA workers

FEES

The total cost for an EB-5 investor visa is between $4020 and $4,900, depending on where the applicant is filing from.

To begin with, the applicant will need to pay a fee of $3675 to file Form I-526 (officially called “Immigrant Petition by Alien Entrepreneur”).

If the applicant is applying from outside the United States (via consular processing), they will need to pay an additional $345 for the visa application processing fee — making a total of $4020, not including the cost of the medical exam, which varies depending on the country.

If the applicant is applying from within the United States, they will need to pay $1140 to file Form I-485 (officially called the “Application to Register Permanent Residence or Adjust Status”) plus $85 for the biometrics service. In this case, the applicant will need to pay a total of $4900.

BENEFITS

The benefits of the EB-5 visa investor program include a US investor’s green card and other advantages, which make the laborious legal immigration process worth it for foreign nationals desiring to move to the United States.

• Enables the investor, their spouses, and their eligible children to legally reside, study, and work in the United States.

• Expedites the road to permanent residency more quickly than other visas and green cards.

• Does not require visa sponsorship.

• Work and live anywhere in the United States.

• Enables the investor’s children to study and work in the U.S.

• Leads to profits and additional income with the right investment.

BUSINESS PLAN FOR USA EB-5 INVESTOR GREEN CARD PROGRAM VISA

Having a strong business plan is essential to the success of an EB-5 project. EB-5 business plans must convincingly show that a project is feasible and will fulfill the criteria of the EB-5 program. USCIS carefully evaluates all EB-5 business plans before granting approval to any EB-5 investor. Additionally, if an EB-5 project lacks a comprehensive business plan, potential investors are unlikely to subscribe.

WHAT NEEDS TO BE INCLUDED IN THE STARTUP BUSINESS PLAN?

Details regarding every area of your business should be present in your business plan. That includes:

• Executive summary
• Business and Product Description
• Industry and Market Analysis
• Competition Analysis
• Marketing Strategy
• Key Management and Personnel
• Financials

We, at Infocrest, will help you in planning your business to get an EB-5 Investor Green Card Program Visa in the USA.

The post USA EB-5 INVESTOR GREEN CARD PROGRAM INVESTOR VISA appeared first on Infocresst.

A business visa is part of the Golden Visa system under which foreigners can obtain a long-term visa for themselves and their dependents. It aims to create an attractive environment for businesses and the UAE’s economic growth.

WHO CAN APPLY?

Professionals from any country with entrepreneurial experience are eligible to apply for the business visa. An eligible entrepreneur is anyone who has set up a business of his own at some point in his career, and wishes to do so again in the UAE.

A UAE Golden Visa holder can sponsor their spouse, children regardless of age and an unlimited number of domestic labourers like babysitters, housekeepers, drivers, etc. for them to get residence too.

ELIGIBILITY

To obtain the business visa, applicants must:

•          be able to substantiate your experience as an entrepreneur,

•          have been a majority shareholder of a start-up or a member of its senior leadership,

•          be willing to relocate to the UAE and legally establish a business in one of the seven emirates, and

•          applicants must have a business idea or a business plan that they are planning to start in the UAE.

Qualifying for the business visa does not guarantee that the applicant will receive the visa. Applicants must get their business visa application, other legal documents and business plan reviewed and approved by government officials.

Specialized committees review the application and the attached documents, and grant an approval accordingly. Once approved, the applicant will be required to follow the requirements of the Federal Authority for Identity, Citizenship, Customs & Ports Security in order to be issued the visa.

WHAT ONE CAN DO WITH THIS VISA?

Once the visa is issued, the applicant is allowed to:

•          enter the country for a period of six months with a multiple-entry visa, to facilitate the procedures of establishing the business. You must convert it to a residency permit before it expires, and

•          nominate up to three of his business’s senior staff to obtain residency.

FEES

The application fee is AED 2,790 ($760), and the Emirates ID fee is AED 1,070 ($290).

BENEFITS OF HAVING THE UAE GOLDEN VISA         

Favourable business and tax climate

There are no income, corporate, or property taxes for residents of the UAE. The country has double taxation avoidance agreements with more than 100 countries. The list includes Canada, China, France, the United Kingdom, Russia, and India.

Residence for employees

The business visa allows nominating up to three of a company’s senior staff to get residence permit.

The ability to live outside the UAE

If you run a business in different countries, you can get a business visa to Dubai but live outside the UAE. Before the conditions were updated, the resident visa holder had to stay in the UAE for atleast six months per year to maintain the status.

Social Benefits

UAE residents receive special discounts for medical care, insurance, cars, real estate, and entertainment.

BUSINESS PLAN FOR UAE BUSINESS VISA

It is essential for any new Dubai company, business and entrepreneur to commit time to create a sound business plan. Business plans and market research play an important role in the success of any new venture, especially if you are looking to start a business in Dubai or the UAE, seeking investment, entering a new market or planning to role a new franchise out to different countries.

WHAT NEEDS TO BE INCLUDED IN THE BUSINESS PLAN?

Drafting a business plan in an easy to comprehend manner is vital if you are looking to seek investment for your new Dubai company. The main sections of the business visa plan are mentioned below:

• Description of the Company
• Description about Product or Service Offering
• Mission and Vision Statement
• Market Analysis
• Competitive Analysis
• Management Team
• Marketing Strategy
• SWOT Analysis
• Financial Performance
• Exit Strategy

We, at Infocrest, will help you in planning your business to get a business visa in UAE.

The post UAE BUSINESS VISA appeared first on Infocresst.

One can apply for an Innovator visa if:

• he/she want to set up and run an innovative business in the UK – it must be something that’s different from anything else on the market
• that business or business idea has been endorsed by an approved body, also known as an endorsing body
• he/she meet the other eligibility requirements

ELIGIBILITY

One must be able to show that your business idea is:

• new – one cannot join a business that is already trading
• innovative – one must have an original business idea which is different from anything else on the market
• viable, with potential for growth

Knowledge of English

One must be able to speak, read, write and understand English. They’ll usually need to prove their knowledge of English when they apply.

HOW LONG YOU CAN STAY?

One can stay for 3 years if he/she either:

• come to the UK on an Innovator visa, and
• switch to this visa from another visa while in the UK.

WHAT IF, IF YOU WANT TO STAY LONGER IN THE UK?

One can apply to extend their stay for another 3 years when their visa is due to expire. There’s no limit on the number of times one can extend.

He/she may be able to apply for settlement once they’ve been in the UK for 3 years.

HOW TO APPLY?

One must apply online.

How one can apply depends on whether they’re:

• Outside the UK and are coming to the UK

One must apply online for an Innovator visa.

When he/she apply, they need to provide an ‘endorsement letter’ to show that an endorsing body has assessed their business or business idea.

One also need to provide:

• a valid passport or other document that shows their identity and nationality
• bank statements showing they’ve had at least £1,270 in savings in their bank account for 28 consecutive days before they apply
• proof that they meet the English language requirement
• evidence of their investment funds (if you’re setting up a new business)
• their tuberculosis test results if they’re from a country where they have to take the test

• Inside the UK and extending your current visa

One can usually apply to extend an Innovator visa if both of the following apply:

• he/she meet the eligibility requirements,
• they’re still running a business in the UK or want to set up a new one.

One must have £50,000 in investment funds if they want to set up a new business.

But they do not need funds if either:

• the business is already established and has been endorsed for an earlier visa
• they’ve changed their business and already agreed it with their endorsing body
• they need to have their business or business idea assessed by an endorsing body when they extend their visa.

• Inside the UK and switching from a different visa

One might be able to apply to change (‘switch’) to an Innovator visa if they’re already in the UK on a different type of visa.

Before they apply, they need to have their business or business idea assessed by an endorsing body. They will provide them with an endorsement letter if their business is eligible.

One must also:

• meet the English language requirement
• be at least 18 years old
• be able to prove that you have enough personal savings to support yourself while you’re in the UK

If you want to set up a new business

One must have at least £50,000 in investment funds to apply for an Innovator visa if they want to set up a new business.

They’ll need to prove where they got their funding from.

One does not need any investment funds if either:

• their business is already established and has been endorsed for an earlier visa
• they’ve changed their business and already agreed it with the endorsing body

Who cannot apply to switch to this visa

One cannot switch to this visa if they have one of the following:

• a visit visa,
• a short-term student visa,
• a Parent of a Child Student visa,
• a seasonal worker visa,
• a domestic worker in a private household visa,
• immigration bail, and
• permission to stay outside the immigration rules, for example on compassionate grounds.

Supporting yourself

One need to have had at least £1,270 in their bank account for 28 consecutive days before they either:

• apply for an Innovator visa,
• apply to extend their Innovator visa or switch to an Innovator visa if they’ve been in the UK for less than a year

One cannot use either of the following to support their selves:

• money from their investment funds
• money earned while working in the UK illegally

Sharing investment funds

One can form a team with other Innovator applicants, but one cannot share the same investment funds.

Their team must have £50,000 for each Innovator applicant. For example, if you have 2 Innovator applicants, your team must have £100,000 to invest.

HOW LONG IT TAKES?

Once they’ve applied online, proved their identity and provided their documents, they’ll usually get a decision on their visa within:

• 3 weeks, if they’re outside the UK
• 8 weeks, if they’re inside the UK

FEES

How much one pay for a Start-up visa depends on their situation and where one can apply from.

WHAT YOU CAN AND CANNOT DO

With an Innovator visa one can:

• set up a business or several businesses
• work for their business – this includes being employed as a director, or self-employed as a member of a business partnership
• bring their partner and children with them as their ‘dependents’, if they’re eligible
• travel abroad and return to the UK
• apply to settle permanently in the UK (also known as ‘indefinite leave to remain’) if they’ve lived in the UK for 3 years and meet the other eligibility requirements

One cannot:

• do any work outside their business, for example work where they’re employed by another business
• work as a professional sportsperson, for example a sports coach
• apply for most benefits (public funds), or the State Pension

BUSINESS PLAN FOR UK INNOVATOR VISA

One of the first requirements for the application of your innovator visa is to write a business plan address to the Home Office. The business plan should reflect strategies that are going to make the business successful and hence benefiting the economy of the UK. Thus, the business plan should be written in details. As per the Home Office, the acceptance or rejection of your Visa entirely depends upon the kind of business plan you write. 1/3rd of all the Visas get rejected by the authorities due to poorly constructed business plans.

WHAT NEEDS TO BE INCLUDED IN THE INNOVATOR VISA (TIER 1) BUSINESS PLAN?

Details regarding every area of your business should be present in your business plan. That includes:

• Executive summary
• Business overview
• Physical setup and operational plan of the business
• Market Analysis
• The details of the services and products you would be selling
• Sales and Marketing plan outline
• Competitor Analysis
• Role of all the key players involved in the business and their information
• Financial projections and plans

We, at Infocrest, will help you in planning your business to get a innovator visa in the UK.

The post UK INNOVATOR VISA appeared first on Infocresst.

OVERVIEW

For foreign business owners who want to relocate to Hong Kong to run their own business, the city has a specialized immigration visa programme called Entry for Investment. This entrepreneur visa programme essentially entitles the business owner to a work permit that allows them to work for their Hong Kong company as an employee.

ELIGIBILITY

• You shouldn’t have any security concerns or criminal histories.

• You need to have a strong educational foundation. Typically, having at least a bachelor’s degree in the pertinent discipline is preferred. In the absence of such a degree, however, official documentation of strong technical credentials, pertinent professional abilities, accomplishments, and experience may be sufficient.

• You must demonstrate that your business will employ local workers, that you will use local service providers, suppliers, manufacturers, etc., and that you will be able to make a significant contribution in the specific market that you are entering. This will show that you will significantly contribute to the economy of Hong Kong.

• You are required to incorporate your Hong Kong company prior to applying for the entrepreneur visa.

INVESTMENT REQUIREMENTS

When requesting an entrepreneur visa, there is no minimum investment amount imposed by the authorities. To determine whether your proposed investment is adequate for the business you intend to launch, the authorities will carefully review your proposed business plan when processing your application. In this regard, you must make sure that your desired investment will pay for your company’s beginning and ongoing operating costs for at least the first three to six months.

DOCUMENTS REQUIRED

A local sponsor, either a business or a person, is required to support an application for an entrepreneur visa. If the need arises, it is the sponsor’s obligation to assume responsibility for your repatriation. In order to apply for an entrepreneur visa in Hong Kong, you must have the following documents:

Documents required from the applicant:

• Completed Application Form
• A copy of the personal particulars page of your passport. If you are currently staying in Hong Kong, a copy of your passport page containing the latest arrival stamp/extension of stay label in Hong Kong.
• A copy of your Hong Kong identity card (if any)
• A copy of proof of academic qualifications and relevant working experience
• A copy of the company’s Employment Contract or Appointment Letter, detailing information about your post, salary, other fringe benefits and employment period (if applicable)
• A thorough and detailed two-year business plan which should provide information about your company’s proposed business activities, amount of investment, creation of local job posts, setting up of an office/showroom/warehouse, etc.
• A copy of the Business Registration Certificate obtained from the Inland Revenue Department and business registration particulars of the company you are going to invest in or have already invested in.
• A copy of proof of your overseas residence

Documents required from the sponsor:

• If the sponsor is a company
• Completed Application Form (Sponsor)
• A copy of the company’s Business Registration Certificate
• If the sponsor is an individual
• Completed Application Form (Sponsor)
• A copy of the sponsor’s Hong Kong identity card
• A copy of the personal particulars page of the sponsor’s passport.

All documents submitted must be in English or Chinese or translated into English or Chinese by a certified translation body. The Immigration authorities reserve the right to demand further documents from the applicant or sponsor as and when necessary.

COUNTRIES NOT ELIGIBLE TO THE ENTREPRENEUR VISA

The following nations are ineligible for the investment/entrepreneur visa: Afghanistan, Cuba, Laos, North Korea (also known as the Democratic People’s Republic of Korea), Nepal, and Vietnam.

PROCESSING TIME

From the date of filing, the visa application procedure typically takes 4 to 8 weeks.

VISA VALIDITY

As long as your firm is still viable, the entrepreneur visa is often initially granted for a one-year period and then renewed.

VISA RENEWALS

You must submit a renewal application at least four weeks before your limit of stay ends if you want to prolong your stay. Only if you continue to meet the requirements for eligibility and your business is still operating profitably will your renewal application be taken into account. The 2-2-3 years pattern will typically be followed by your extension of stay if your renewal application is approved.

PERMANENT RESIDENCE

You are entitled to apply for permanent residence, often known as “right of abode” in Hong Kong, if you have been granted an entrepreneur visa and have lived there continuously for at least seven years.

BUSINESS PLAN FOR HONGKONG ENTREPRENEUR VISA

As mentioned above, you must submit a 2-year business plan as part of your entrepreneur visa application. A good business plan is one of the most crucial aspects in the approval of entrepreneur visa application. You must convince the authorities by enclosing adequate information and proof that your business will benefit the economy of Hong Kong. Your investment plan will be scrutinized and the following factors will be taken into account by the authorities:

Business Plan: You must ensure that you have a sound business plan detailing your business idea, product or service, market analysis including the potential of your business to grow and contribute to the market in Hong Kong, your operational plan, administrative and management team etc.

Capital Investment: The authorities will examine if you have adequate capital investment or the necessary funding required to support your business. It is generally advisable to enclose documentary proof of your financial standing such as bank statements, loan papers, letters of credit etc. Although there is no minimum capital requirement, you must ensure that you have sufficient funds to cover your start-up costs and operational costs for a short to medium term period of three-six months.

Proposed Business Vehicle: Determinants such as your choice of business vehicle also plays a vital role in your application. Generally, a limited liability company incorporated in Hong Kong commands a better image than a sole proprietorship or a partnership firm, and will be taken more seriously by the authorities.

Suitable business premises: The authorities will consider if your chosen business premises is suitable for the nature of business activity you will be engaging in. For instance, an import/export company will require business space that offers storage facilities. It is advisable to enclose a copy of the existing or proposed tenancy agreement and photographs of your business premises.

What Should Be In The Business Plan?

Your business plan for immigration to HongKong is essential as one of the many supporting documents on which your application is judged.

The business plan includes:

• Executive Summary
• Mission Statement
• Company Background
• Product Description
• Marketing Plan
• Competitor Analysis
• SWOT Analysis
• Operations
• Financial Planning
• Timeline

Infocrest will assist you in establishing your business in order to obtain an entrepreneur visa in Hong Kong.

The post HONGKONG ENTREPRENEUR VISA appeared first on Infocresst.

OVERVIEW

If your job boosts the German economy, you may be eligible for this visa. Such jobs include being an artist, writer, self-employed doctor, engineer, language teacher, interpreter, auditor, or architect.

WHAT NEEDS TO FULFILLED?

You will be granted a permit if you can prove that:

• you will be able to finance your undertaking,
• make a living for yourself, and
• have the permission to practice in your profession, where needed.

WHO ARE ELIGIBLE?

• You must follow the requirements below to qualify for a Germany freelance visa:

• Germany must need or financially benefit from your profession.

• You need to demonstrate that you have clients who are interested in working with you. Letters of intent from potential clients confirming their intent to work with you are required.

• You must demonstrate that you have the financial resources to live comfortably, which must be at least €9,000 annually.

• You must be a German citizen with valid residency. In order to register your address at a local registration office (Bürgeramt), you must obtain lodging.

• If you are over 45, you need to have a solid pension strategy. You must have one of the following by the age of 67:
• either a pension of at least €1,332.36 per month for at least 12 years, or
• assets worth at least €194,631.

HOW LONG ONE CAN STAY WITH THIS VISA?

Your residence permit, which is originally only valid for a maximum of three years, may be extended if your company idea is successful and you are able to support yourself and your family as a result of your business. You are eligible to apply for a settlement permit after five years, which will allow you to stay in Germany permanently.

DOCUMENTS REQUIRED FOR FREELANCE VISA

When you apply for a residence permit, you generally have to present the following documents:

• Completed application form
• Valid passport
• Business plan
• Proof of health insurance
• Your rental lease and confirmation from your landlord (if applicable).
• Letter of Intent for Collaboration. Your prospective clients (you need at least 2) should write a letter, confirming they plan to collaborate with you once you get the visa. This is only necessary if you will work on a fee basis.
• If you will work as an artist and language teacher: Proof of regular income.
• Graduates from German universities: copy of your degree certificate
• People over the age of 45: proof of retirement plan

FEES

The following fees apply to the German freelancer visa:

• The cost of the embassy is €75.
• The cost of the Ausländerbehörde is €100 (or €28.80 for citizens of Turkey).
• A temporary residence permit extension costs €100.
• A settlement permit (PR) costs €124.

BUSINESS PLAN FOR GERMANY FREELANCE VISA

Before applying for freelance visa, it is very important to prepare and submit a detailed business plan.

WHAT NEEDS TO BE INCLUDED IN THE BUSINESS PLAN?

Drafting a business plan in an easy to comprehend manner is vital if you are looking to seek investment for your new company. The main sections of the business visa plan are mentioned below:

• Business Concept
• Stages of Implementation
• Management Profile
• Potential Customers
• Marketing Strategy
• Pricing Strategy
• Competitive Analysis
• Means of finance

Infocrest will assist you in establishing your company so that you can get a freelance visa in Germany.

The post GERMANY FREELANCE VISA appeared first on Infocresst.

To work in Germany, you need a residence visa if you are not an EU or EEA citizen or a permanent resident. You must apply for a residence visa for the purpose of self-employment if you want to start a business in Germany as a self-employed entrepreneur.

WHAT NEEDS TO FULFILLED?

To obtain this permit, you must fulfil a number of general criteria and the following additional requirements, which you should ideally cover in your business plan in a convincing way:

•          There is commercial interest or regional demand for your products or services,

•          Your business activity is likely to have a positive impact on the German economy, and

•          You have secured financing for your business by way of capital or a loan commitment.

WHO ARE ELIGIBLE?

A residence permit for a self-employed occupation may be issued for;

• Founder of a company,
• Sole proprietor, and
• Managing directors and legal representatives of partnerships and corporations, if they have entrepreneurial responsibility.

HOW LONG ONE CAN STAY WITH THIS VISA?

If your business idea is successful and you are able to make a living for yourself and your family, you can have your residence permit extended, which is initially limited to a maximum of three years. After only three years, you can obtain a settlement permit (Niederlassungserlaubnis), which will allow you to settle down in Germany for an unlimited period.

DOCUMENTS REQUIRED FOR SELF-EMPLOYED VISA

When you apply for a residence permit, you generally have to present the following documents:

• Completed application form
• Valid passport
• Business plan
• Proof of health insurance
• Researchers and academics: current employment contract
• Graduates from German universities: copy of your degree certificate
• People over the age of 45: proof of adequate pension provisions

FEES

A residence permit will cost you a maximum of €100.00 while a settlement permit will cost €147.00 at most. As a rule, the fee for visas is €80.00.

BUSINESS PLAN FOR GERMANY SELF-EMPLOYED VISA

Before applying for self-employed visa, it is very important to prepare and submit a detailed business plan.

WHAT NEEDS TO BE INCLUDED IN THE BUSINESS PLAN?

Drafting a business plan in an easy to comprehend manner is vital if you are looking to seek investment for your new company. The main sections of the business visa plan are mentioned below:

• Business Concept
• Stages of Implementation
• Management Profile
• Potential Customers
• Marketing Strategy
• Pricing Strategy
• Competitive Analysis
• Means of finance

Infocrest will assist you in establishing your company so that you can get a self-employed visa in Germany.

The post GERMANY SELF-EMPLOYED VISA appeared first on Infocresst.

The second step of the Business Innovation and Investment visa is Business Innovation and Investment (subclass 188). In order to get permanent residency, business migrants with subclass 188 visas may apply for the Business Innovation and Investment (Permanent) (subclass 888).

With this visa, you can keep operating and managing a firm in Australia (the Business Innovation stream) or keep engaging in commercial and investment activity there (the Investor stream and the Significant Investor stream).

FEATURES

This visa allows you to:

• continue conducting business and investing in Australia;
• continue owning and operating a firm in Australia (the Business Innovation stream); (the Investor stream, the Significant Investor stream and the Premium Investor stream).

ELIGIBILITY STREAMS

• The Business Innovation Stream, and
• The Investor Stream.

888A REQUIREMENTS

• You must have held a Subclass 188A visa for at least one year in Australia during the two years just before the 888-visa application was submitted.

• In the two years preceding to applying for an 888A visa, you must have owned a stake in at least one actively running firm in Australia. Depending on the size and kind of the company, the required minimum ownership percentage is as follows:

• 51% – when a company’s annual turnover is less than $400,000;
• 30% – when a firm’s annual turnover is greater than $400,000; or
• 10% – when a company is publicly traded on an Australian stock market.

• For the two years preceding the 888A application, you must have complied with all applicable Australian laws while conducting business in Australia, including obtaining an Australian Business Number and filing Business Activity Statements and tax returns to the Australian Taxation Office.

• In the twelve months prior to the 888A visa application, the total annual revenue of your primary firm must have been $300,000.

• Even though the nominating State or Territory authority may decide to waive certain commercial requirements, the primary applicant typically needs to meet at least two of the following three requirements:

• Personal assets in the primary business totaling $200,000 in the year before to the 888A visa application, and the threshold amount must continue to be met.
• Two full-time hours worked by non-members of your family who are Australian or New Zealanders.
• $600,000 in personal assets accumulated in Australia in the 12 months preceding the 888A visa application, and the threshold amount must be preserved.

FEES

• Application Charge – AUD 2,255
• Additional applicant charge (above 18 years of age) – AUD 1,130
• Additional applicant charge (below 18 years of age) – AUD 565

PROCESSING TIME FOR SUBCLASS 888

Both low risk and high passport holders must wait nine months for processing of Visa subclass 888.

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