Sweden Startup Visa: How To Run a Startup in Sweden

Sweden has become a top destination for foreign entrepreneurs looking to start their own businesses. Known for its strong economy, innovative tech sector, and welcoming business environment. However, while Sweden doesn’t have a specific “startup visa,” foreign entrepreneurs can still establish a business through the Self-Employed Worker Visa. 

This visa allows non-EU citizens to start and run their businesses in Sweden, provided they meet certain requirements. So, if you’re looking to bring your business to Sweden, this visa could be the key to making it happen. Let’s explore how you can get started.

Sweden’s Self-Employed Worker Visa

If you’re a foreign entrepreneur looking to start a business in Sweden, the Self-Employed Worker Visa is your main option. This residency permit is designed for non-EU citizens who plan to run a business or become part-owner of a company in Sweden.

This visa allows you to live and work in Sweden legally while focusing on growing your business. It’s not specifically a “startup visa,” but it serves as the key route for entrepreneurs who want to establish their operations in the country. 

To qualify, you’ll need to prove you have a solid business idea, the necessary experience, and enough financial resources to support yourself and your business during the initial stages.

📌 Must Read: What is a Startup Visa? 👈

Sweden Startup Visa Requirements

Foreign entrepreneurs must meet a few key requirements to qualify for the Self-Employed Worker Visa in Sweden. Here’s what you need to know:

• Sustainable Business Plan: A solid business plan is crucial. It should outline how your business will operate successfully and become financially sustainable over time.
• Valid Passport: You’ll need a valid passport as proof of your identity.
• Business Experience: You must show significant experience in business or self-employment. This means having a track record of running a business or working in your field.
• Language Skills: You should be fluent in either Swedish or English. You may need to provide proof of language skills through certificates or courses.
• Business Ownership: To apply, you must own at least 50% of the business and be the one responsible for its operations.
• Financial Stability: You’ll need to demonstrate you have enough money to support yourself and your family for the first two years. The required amounts are SEK 200,000 for yourself, SEK 100,000 for your spouse, and SEK 50,000 for each child.
• Customer Network: You must show that you have established customer contacts or a network in Sweden, which proves there is demand for your business.

📌 Must Read: Australia’s Business Startup Visa: Key Requirements and Process

Application Process for the Sweden Startup Visa

Where and How to Apply:

To apply for the Self-Employed Worker Visa, you need to submit your application online from your home country. If you’re unable to apply online, you can do so through a Swedish embassy or consulate. The online process is straightforward, and you’ll be guided through the steps on the Swedish Migration Agency’s website.

Documents Needed:

You will need to provide several documents to support your application, including:

• Passport Copies: Include clear copies of your passport showing personal details, photos, and validity.
• Bank Statements: These should show you have enough funds to support yourself and your family during the first two years (SEK 200,000 for you, SEK 100,000 for your spouse, and SEK 50,000 per child).
• Business Viability: Provide contracts with customers or suppliers and evidence that your business is active and capable of succeeding in Sweden.
• Other Documents: You may need additional documents such as your business plan, educational qualifications, and any previous work experience in your field.

Translation of Documents:

All documents must be translated into Swedish or English by an authorized translator. This is important to ensure your application is processed smoothly.

Application Fee:

There is an application fee, which varies depending on the type of visa and your situation. Check the current fee on the Swedish Migration Agency’s website before you submit your application.

What Happens After You Apply?

Processing Time:

After submitting your application, the processing time can vary, but it typically takes a few months to receive a decision. The Swedish Migration Agency will review your application and documents before making a decision.

Approval & Permits:

If your application is approved, you’ll be granted a residence permit for 1 year. This permit allows you to live and work in Sweden while you run your business. After 2 years, you can apply for an extension, provided your business is successful and financially stable.

Appeals:

If your application is rejected, don’t worry. You have the right to appeal the decision. You must file your appeal within three weeks of receiving the rejection notice. The appeal process will be outlined in the decision letter you receive.

📌 Must Read: Denmark’s Startup Visa: All You Need To Know

Life as a Startup Founder in Sweden

Supportive Startup Ecosystem:

Sweden offers a growing startup ecosystem, particularly in cities like Stockholm and Gothenburg. These cities are home to many successful tech startups and offer a range of resources to help entrepreneurs grow. Key support includes:

• Incubators: Programs like STING (Stockholm Innovation & Growth) provide mentoring, office space, and funding opportunities to help new businesses succeed.
• Funding Opportunities: Sweden has a strong venture capital scene, making it easier for startups to secure investment. There are also government-backed programs offering financial support to innovative businesses.
• Networking Events: Regular events and meetups in Sweden connect entrepreneurs with potential partners, investors, and collaborators, helping to expand your network and find new business opportunities.

Rights and Benefits for Startup Founders:

As a startup founder in Sweden, you also get several rights and benefits:

• Family Reunification: If you have family members (spouse or children), they can join you in Sweden under the family reunification guidelines, allowing them to live and work in Sweden as well.
• Path to Permanent Residency: After living in Sweden for 2 years with your residence permit, you may be eligible to apply for permanent residency, provided your business is stable and meets the necessary requirements.

The Importance of a Strong Business Plan

A solid business plan is essential when applying for the Self-Employed Worker Visa in Sweden. The Swedish Migration Agency will carefully evaluate your plan to ensure your business is financially sustainable.

Financial Sustainability:

Your business plan should clearly show how your business will become profitable within two years. This includes detailed financial projections, such as expected revenue, costs, and profit margins. Demonstrating a clear path to profitability is crucial for your visa approval.

Impact on Visa Approval:

The Swedish Migration Agency strongly emphasizes your business plan when deciding whether to approve your visa application. A well-thought-out, realistic plan helps show that your business will thrive in Sweden, which is a key factor in getting your visa approved. Without a solid plan, your chances of approval may be significantly lower.

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Other Ways to Launch a Business in Sweden (Beyond the Sweden Startup Visa)

If the Self-Employed Worker Visa isn’t the right fit for you, other options exist to consider when launching a business in Sweden.

EU Blue Card for Highly Qualified Entrepreneurs:

The EU Blue Card can be a good option for highly qualified entrepreneurs. This work permit is available to entrepreneurs who are employed by a Swedish startup or company. To qualify, you must meet certain education and salary requirements, and this card allows you to live and work in Sweden while contributing your skills to the business.

Investment Pathways:

If you prefer to invest in an existing business rather than starting one from scratch, Sweden offers several visa options for investors. Entrepreneurs looking to invest in a Swedish company can explore other types of residence permits tailored to investors, depending on the investment amount and the business’s needs.

These alternative routes give foreign entrepreneurs flexibility in how they approach establishing a presence in Sweden, whether through employment, investment, or self-employment.

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Role of Launchroad in The Seccess of Your Startup Visa

LaunchRoad is your trusted partner for starting a business abroad. We guide you in choosing the right country, understanding visa requirements, and getting your startup off the ground. As an experienced startup visa consultant, we offer expert startup visa consultation to help you navigate the complexities of international expansion. Our team provides the support, mentorship, and resources you need to succeed in the global market.

Helpful resources:

• Swedish Tax Agency (Skatteverket): www.skatteverket.se
• Swedish Migration Agency (Migrationsverket): www.migrationsverket.se
• Sweden’s official website: www.sweden.se
• The Swedish Embassy or Consulate: www.swedenabroad.se
• EU Blue Card: ec.europa.eu/immigration/blue-card_en

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