The Start-up Entrepreneur Programme (STEP) allows a non-EEA national with an innovative business idea and minimum funding of €50,000 to come and set up a business in Ireland.
Only €50,000 investment in the company is sufficient to qualify for the Ireland startup visa
The Ireland Startup visa allows you to settle with your family for two years which will be renewable for a further three years
After 5 years on the Ireland Startup visa you will be eligible for long term residence in the State
Ireland has Low corporate tax rate of 12.5% of active businesses so the start up visa allows you to operate in a low tax environment.
No initial job creation target for the first 2 years
With the Ireland Start up visa you and your family get full access to healthcare & education benefits in Ireland.
To qualify, founders must have secured funding of at least €50,000 for their start-up venture. For second and subsequent founders CEO, CFO, CTO, CIO etc., an additional €30,000 of funding will be required.
Funding may be derived from their own resources, a business loan, business angel, venture capital or grant from an Irish state agency.
The Evaluation Committee of Enterprise Ireland (EI) will assess the business project according to the following factors:
- Introduces a new or innovative product or service to international markets.
- Capable of creating 10 jobs in Ireland and realizing €1 million in sales within three to four years of starting up.
- Led by an experienced management team.
- Headquartered and controlled in Ireland.
- Less than six years old
An Independent Evaluation Committee consisting of senior public and civil servants is responsible for evaluating the suitability of your proposal.
The Evaluation Committee will consider the proposal and may seek further information from the candidate if required.
The Evaluation Committee will make recommendations to the Minister for
Justice and Equality as to the suitability of your proposal.
The key to a successful STEP application is a good business plan setting out a clear and evidenced vision for the innovative start-up proposal. We normally work with existing businesses that are looking to relocate to Ireland.
Companies engaged in manufacturing, hi-tech, design or internationally traded services are especially suitable for this programme.
There are 4 application windows that are open for a week. These tend to be in January, June, August and October.
The Evaluation Committee meet after each round of applications to assess the applications and decisions are usually issued approximately 4 months after they are lodged.
Residency status under the Start-up Entrepreneur Programme may be withdrawn if these conditions are not met.
Get a US or UK investment visa and passport. It is never too early to get started on your business immigration and investment plans. Tell us more about your goals, and we will get you started on a plan to achieve them.
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