Sweden

About Sweden Citizenship and Residency

For foreigners seeking to start a business and immigrate to obtain Sweden citizenship by investment, there is no specific program, however, there is an investor visa for foreign businesspersons from non-EU countries.

Sweden is one of the most advanced European countries from an economic point of view. As such, it attracts people from all over the world who come to work or start businesses. The citizenship by investment program has more appealing, as the country’s economy is recovering after the COVID-19 pandemic.

Brief Information on Sweden Investment Visa Program 

• Nationalities accepted are EU and non-EU citizens
• Business investment option minimum amount to be invested is EUR 100,000
• NO Real estate investment option
• NO other investment option
• The applicant must live in Sweden
• Residence or direct citizenship option is Permanent residence must be first obtained
• Direct immigration with family members can apply for residence permits
• Family members that are allowed to join the program are the applicant’s spouse, children, and other family members who can obtain family reunion visas
• Processing time is approximately 3 weeks for a residence permit
• No additional financial requirements for family members
• Timeframe for obtaining citizenship/ residency by investment is 5 years of living permanently in the country
• Dual citizenship is permitted and former citizenship can be retained
• Visa-free travel to 191 countries
• 0% personal income tax rate for income of SEK 540,700 per year, 20% for income above SEK 540,700

Sweden Investor Visa 

Non-EU citizens can apply for residency which can lead to Sweden citizenship by investment in 2022 through the investor visa. This type of residence permit enables investors to move businesses to their businesses in Sweden. The main conditions to comply with in an order to obtain an investor visa are:

• the investor must be at least 18 years old at the time the application is submitted
• a clean criminal record and proof of good morals are mandatory requirements
• the minimum amount of money to be invested is 100,000 euros (or the equivalent in Swedish krona)
• experience in running a business and good knowledge of English is also mandatory

In most European countries, citizenship by investment programs is created to attract high-net-worth individuals who can make important contributions to the economy. However, in Sweden, the scheme is open to entrepreneurs who want and can rise to the high living standards of this country. Moreover, the government is keen on attracting entrepreneurs and persons willing to commit to long-term investments, which is why advanced citizenship cannot be obtained. An important aspect to consider about citizenship by investment in Sweden is that the program is a pathway for relocation to this country and not a scheme through which foreign citizens can enjoy special benefits.

One of the main advantages of immigrating to Sweden through citizenship by investment scheme or outside it is that self-employed individuals, workers, and investors benefit from the same requirements in terms of documents. Therefore, there is no distinction between their status. However, only those who have managerial experience or expertise in running a business and 100,000 EUR can act like business owners.

Recommended industries for Investment visas that can significantly increase the chances of success are the following:

• tourism
• restaurant and catering
• IT
• shipping
• green energy
• oils and gas
• seafood
• trading

Sweden Startup Visa

Self-employment through the startup visa is one of the main ways of entering the Sweden Investment Visa program. The main advantage of this type of residence permit is that it can be obtained after 2 years, and it does not require a minimum investment. The main condition to enter is to have experience in running a business. Proof to support yourself is also required.

Benefits Of Sweden Residency By Investment Program

Social Benefits of the Investor Visa in Sweden

• No need for the holder of the visa and his dependents to live in the country
• Path to citizenship
• Best educational and healthcare systems
• Permanent residency grants free access after 4 years of living in Sweden
• Visa-free travel to 191 countries
• Allows dual citizenship

Sweden Residency Requirements And Qualifications

• Applicants must have sufficient funds to support themselves, apart from the minimum investment requirement
• They must have a good command of English or Swedish
• They must prove they are the managers/directors of the company (employment contracts can be used in this sense, but also extracts from the Trade Register)
• The business they create must manufacture or sold in Sweden
• The companies must have sufficient funds to develop their activities

The following documents need to be considered:

• a valid passport
• bank statement indicating the means to support oneself
• lease or rental agreement as proof of living arrangements in Sweden
• copies of educational certificates, proof of past employment, and other information confirming the experience of the applicant.

To qualify for Investor Visa in Sweden you need to:

• prove that you have experience within the industry that you are setting up your business
• show that you have experience running your own business
• be proficient in Swedish and/or English
• show that you will have ownership of at least 50% of the business and that you have executive responsibility (that you have the final say in matters relating to the company)
• the company must sell or produce goods in Sweden
• show that you have sufficient funds for you and your family during the first two years in Sweden (200,000 SEK for you, 100,000 SEK for any spouse/partner, 50,000 SEK per accompanying child)
• have a budget and supporting documentation
• proof of customer contacts and/or a business network in Sweden

Steps And Timeline

Step 1: Gather The Required Documents – Getting your needed documentation together is the first and most important step. Gathering your paperwork can take some time, so ensure you have it all before your visa interview.

Step 2: Complete The Investor Visa Application Form – You will see the visa application form is on the list of required documents. After you have all the other documents, you must print out the visa application form and complete it. Once your visa application form is complete, remember that you must sign it at the bottom.

Step 3: Schedule A Visa Appointment – The next step is to schedule a visa interview at a Swedish Embassy or Consulate in your country.

Step 4: Attend Your Visa appointment – When you arrive for your appointment, an embassy or consulate employee will conduct a quick-person interview with you.

Step 5: Wait for your Visa to be Processed – This could take 15-30 business days. How long you will wait depends on if you entered your information correctly. Once your visa has been finalized, authorities will get in touch with you by phone, email, or SMS (depending on your preferred contact method).

Step 6: Collect your Approved Sweden Investor Visa – You can pick up your approved Sweden Visa at the Embassy or Consulate.

Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expediting your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

Privacy World can also help you with incorporating your company in Sweden, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Want Privacy World to handle your case? Have any questions? Contact us!

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