Foreign individuals wishing to relocate to Sweden can apply for a variety of residency permits, depending on their motives. Most individuals come to Sweden on the basis of working in the country. Self-employment residence permits allow foreigners to run their own entrepreneurial activities.
There is no special scheme for anyone looking to create a business and thereby move to Sweden with the goal of getting Swedish citizenship through investment. Nevertheless, Sweden offers investment visas for international businesspeople from non-EU nations.
This article will explain Sweden investment visa, its required documents, the eligibility conditions, etc.
What is the Sweden Investment Visa in 2022?
Non-EU residents can petition for Swedish citizenship by investment in 2022. This sort of residency visa allows investors to relocate to Sweden and establish their own enterprises.
Why Sweden for Immigration?
Sweden is a particularly attractive place for people seeking citizenship via investment. From an economic standpoint:
- Sweden has had a membership in the European Union since 1995. This membership has aided in the development of a stable economy.
- The Swedish community accounts for 1.9 percent of the EU’s total population.
- Sweden’s Gross Domestic Product (GDP) rose by 1.2 percent in 2019.
- Sweden was placed 23rd in the world in terms of GDP in 2019.
Who is Eligible to Apply for a Sweden Investment Visa?
The following are the significant requirements for obtaining this visa:
- When the applicant submits for a visa, the investor has to have at least 18 years of age.
- Evidence of moral character is required, such as a clean record showing the applicant is under no criminal investigation or has not committed any crimes.
- The minimum investment amount is 100,000 euros.
- Previous experience regarding operating a business and an excellent command of the English language are also required.
In comparison to other European nations that offer unique residency and citizenship by investment systems, Sweden has one of the lowest starting-up costs.
Who can Apply for Swedish Citizenship through Investment?
Citizenship by investment schemes is designed in most European nations to bring high-net-worth people who can make significant investments and changes to the economy. However, in Sweden, the program is accessible to businesses who desire and can meet the country’s high living standards. Furthermore, the government is interested in gathering businesses and individuals prepared to make a commitment to long-term projects. That is the reason why expedited citizenship is not available.
Another key factor to note regarding Sweden’s citizenship by investment is that it is a road for relocation to the nation rather than a plan through which foreign residents may benefit from special privileges.
Another advantage of this program is that it is available to investors from all over the world, as long as they can demonstrate experience and a small amount of money to establish a firm. The disadvantages of this scheme in comparison to those produced by other nations may include limited possibilities and the fact that immigration via real estate ownership is not feasible.
Requirements of a Business to get Swedish Citizenship via Investment
Given that the primary criteria for getting an investor visa in 2021 are the registration of a business, the foreign investor must examine a few critical factors. Among these is a comprehensive business plan in which the investor demonstrates how the services or products will be offered, respectively, marketed for Swedish clients. In addition, the applicant must demonstrate to immigration officials that they own at least half of the company. Furthermore, the applicant must show that they will operate the firm by residing in Sweden.
Another condition is that the candidate is capable of supporting themselves for the first two years of residency.
Conditions for Self-employed People, Workers, and Investors in Sweden
One of the primary benefits of coming to Sweden, whether via citizenship by investment plan or otherwise, is the fact that self-employed people, employees, and investors are subject to the same documentation requirements. As a result, there is no difference in their standing. However, only people with management experience or competence in running a company, as well as a minimum of 100,000 EUR, can function as business owners. If they plan to stay in Sweden for longer than three months, they must additionally apply for a residency permit.
The following people must meet these conditions:
- Applicants must also have adequate funds to support themselves in addition to the minimum investment requirement.
- Applicants must be educated in either English or Swedish.
- It is necessary for the company’s managers/directors to prove their title (employment contracts are acceptable, as are trade register entries).
- The products or services they develop must be made or sold in Sweden.
- Companies must have adequate capital to expand their operations.
What are the Documents for a Sweden Investment Visa in 2022?
The required documents to immigrate to Sweden for the goal of acquiring citizenship by investment are minimal. However, the following certificates must be considered:
- Passport
- A bank statement showing the investors financial assets
- Proof of accommodation in Sweden, such as a lease or rental agreement, is required.
- Copy of academic and educational certificates
- Evidence of previous employment
- Other documents verifying the applicant’s experience
An applicant for Swedish citizenship by investment may acquire a business, in which case the sale-purchase contract, photocopies of agreements with customers or suppliers, and other documentation are advised as proof.
If the applicant intends to relocate an already established company to Sweden, the firm’s registration certificate might be used as verification.
Sweden is highly welcoming to international businesses. If you wish to move to the country to get citizenship by investment, our immigration attorneys can help you every step of the way.
Sweden Citizenship via Investment Processing Time
Non-EU individuals who move to Sweden under an investor visa will first earn permanent residency status. This residency can be obtained after 5 years. Then they have the opportunity to apply for Swedish citizenship by investment. Finally, after ten years of legal residence in Sweden, the passport can be acquired.
A foreign resident must enroll with numerous agencies in Sweden, including the Tax Agency and the Social Insurance Agency. These contacts must be made in order to acquire eligibility for citizenship and become an ordinary resident in Sweden.
What are the Benefits of Getting Swedish Investment Citizenship?
Sweden is a fantastic place to reside in Europe. In addition, Sweden is an excellent option to more costly European states, such as Switzerland. The reason why many investors typically select Sweden is good living conditions that match levels of income.
As the Sweden business investment visa indicates, setting up a business in Sweden is simple and takes only a few days. Aside from that, it is worth mentioning that Sweden has no sponsorship restrictions.
Another advantage of this citizenship program is that it covers both citizens and investors, and the qualifications are not overly strict.
Any minimum amount does not restrict investors looking to buy property in Sweden. Nevertheless, investors must keep in mind that real estate prices in Sweden are rather high, particularly in big cities like Stockholm and other developed places like Gothenburg and Malmo.
If you are considering migrating to Sweden and require assistance, our immigration law company can assist you with a variety of services, including family reunifications.
Frequently Asked Questions about Immigration to Sweden
Here are some frequently asked questions regarding relocating to Sweden:
Is it simple to acquire Swedish citizenship?
In Sweden, acquiring citizenship is not complicated; nonetheless, you must determine how you wish to apply for it. Naturalization is the simplest approach.
How long does it take to gain Swedish citizenship?
To become a Swedish citizen, you must have lived in Sweden for at least ten years. Therefore, citizenship via naturalization and investment both have the same duration.
Is it possible to have dual citizenship in Sweden?
Yes, if you have earned Swedish citizenship, you can retain your previous one as well.
Is it difficult to reunite with your family members in Sweden?
Bringing family members to Sweden is not difficult; nevertheless, there are a few factors to take into account. Capital adequacy is one of the most crucial of them.
Conclusion
The Swedish government offers Sweden investment visas to foreign entrepreneurs to come to the country and contribute to the growth of its economy.
This article took a look at Swedish citizenship by investment, its benefits, the required documents, and we answered some common questions.
If you would like to know more about other types of Swedish visas, check out the list of visas on the left sidebar.
