Top 3 Countries for Start-up Visas in 2024-25

Highlights: Top 3 Countries for Start-up Visas in 2024-25

• Young entrepreneurs turned towards start-up visa programs in countries like Canada, Dubai, and Ireland.
• These three countries' start-up visas were established in different years, such as 2012, 2013, and 2017.
• Canada start-up visa grants PR to the entrepreneur with no investment.
• Start-up visas offer entrepreneurs the opportunity to work with experienced private sectors.

 

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Details of the top three countries:

These top 3 countries, Canada, Dubai and Ireland, have recognized the potential of foreign talents. These nations offered streamlined processes, minimal investment requirements, and enticing perks, including opportunities, mentorship, and pathways to permanent residency or citizenship.

 

Here is the breakdown of these countries and what facility they provide to the entrepreneurs:

 

Canada

Canada launched its start-up visa program in 2013. Canada was the first country to link immigrant entrepreneurs to experienced private-sector organizations. Canada start-up visa gives benefits to foreign entrepreneurs like:

 

• Permanent Residency:Canada grants permanent residency to successful candidates and their family members without any conditions attached to the business's success.
• Low investment requirements:Applicants can provide a minimum investment amount to Canada if they have a secure commitment from the designated Canadian angel investor group or venture capital fund to invest in their business idea.
• Access to resources and networks:Canada offers an immersing start-up ecosystem with many incubators, accelerators, co-working spaces, events, and competitions that support and connect entrepreneurs with mentors, investors, customers, and peers.

 

*Looking to invest in Canada? Talk to Y-Axis for complete guidance

 

Dubai:

Dubai is referred to as the hub of innovations and excellence. Dubai launched its start-up visa in 2017 as part of the Dubai Future Foundation's initiative. Dubai Future Foundation fosters a culture of innovation and creativity in the city. Dubai start-up visa offers benefits to foreign investors like:

 

• Zero investment required:Dubai doesn't require applicants to have a minimum investment amount or turnover for their start-up. To start without any investment, we need a viable and innovative business idea that the Dubai Future Foundation approves.
• Liable to funding and support: Dubai offers access to various funding and support programs for entrepreneurs, such as the Dubai Future Accelerators, the Dubai SME, the Dubai Start-up Hub, and the Mohammed Bin Rashid Innovation Fund. 
• No need to provide tax:Dubai offers a tax-free nation for entrepreneurs, with no income tax, corporate tax, or capital gains tax. This helps the entrepreneur to have more profits and reinvest in their businesses.

 

*Want to migrate to Dubai? Talk to Y-Axis for complete guidance

 

Ireland:

Ireland launched its start-up visa in 2012. Ireland is designed to attract high-potential start-ups that can create jobs and contribute to the Irish economy. Ireland start-up visa offers the following benefits to foreign entrepreneurs:

 

• Low Investment rate:Applicants must provide a minimum investment amount of €50,000 for their start-ups.
• No Job creation requirement: Applicants don’t need to create a specific number of jobs for their start-ups only if they can prove that their start-ups have the potential to create jobs.
• Access to resources: Ireland offers a supportive and collaborative start-up ecosystem, with many organizations, programs and events that help and connect entrepreneurs with mentors, investors, customers and peers.

 

*Looking to invest in Ireland? Talk to Y-Axis for complete guidance

 

Canada, Dubai, and Ireland help young entrepreneurs with innovative ideas and adequately support them in setting up their businesses.  

 

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