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I used to live with someone who started a fashion B2B in London. To get her visa she had to sell her £250,000 (equivalent) flat in Korea to use as capital for t
by davidhyde 8y ago
I used to live with someone who started a fashion B2B in London. To get her visa she had to sell her £250,000 (equivalent) flat in Korea to use as capital for the business. One thing the article does not mention is how much capital you need to invest in the UK to get this visa. It is a lot higher than you think. Anyway, her company had been up and running for 3 years and doing well when her visa renewal came up. The crazy thing was that a renewal required a new capital cash injection into the business. Now, who keeps spare capital lying around when you want to make your business a success? You usually put everything you have into the business. She had to hire a good lawyer and produce kilograms of documentation in extreme detail to get her renewal. Very stressful for her and detracted from her business. I think it's reasonable to expect to hand over company accounts, bank statements and such to prove that it is a proper business but they go way too far. It is far too arduous and stressful. The stress is the main part. You never know if your paperwork is going to land on a grumpy persons Monday morning desk.
- toomanybeersies 8y agoIt would appear that for Australia you currently require at least AU$1.5 million (US$1.1mm) for an investment visa, and there's no other type of business startup visa you can get. On the other hand, New Zealand has a entrepreneur visa that only requires NZ$100,000 (US$70k) of capital, as well as the Global Impact Visa through the Edmund Hillary Fellowship [1], which requires no capital at all beyond living costs for 1 year. [1] https://www.ehf.org/givs https://www.ehf.org/givs
- ivm 8y agoIt's only €4,500 in the Netherlands for the US citizens: https://en.wikipedia.org/wiki/DAFT https://en.wikipedia.org/wiki/DAFT