entrepreneurs: Options galore for entrepreneurs wanting to settle abroad

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Some of the major economies are coming to terms with the fact that attracting entrepreneurs from world over can benefit them in the long run. Indian startups are also looking for options like structured residencies offered by some countries to realise their plans of moving abroad and setting up businesses there.
To check if you’re eligible for immigration,
click here

A Times of India report listed some of the important destinations that are high on the priority list of Indian entrepreneurs. Among them are countries like UK, Australia, Italy, UAE and Singapore.

There could be myriad reasons to choose a specific country to migrate to and start a business. Apart from some of the more common reasons like ease of starting up and tax regulation to immigration policies, others could depend on the industry one is tapping into.
UK offers a global talent visa and the UK innovator visa to start-up entrepreneurs looking to scale their businesses from the UK. With its leading university and higher education infrastructure, the UK offers unparalleled research and development opportunities and remains a hub for some of the highest calibre of talent in technology and the sciences.

The startup visa and the sole representative visa too have survived Brexit changes as some of the main routes for Indians seeking to start up and expand businesses in the UK.

“Someone may prefer the UK for healthcare and pharmaceutical-based enterprises, while others may prefer Singapore for fintech or AI, machine-learning-based enterprises, or UAE or Malta for blockchain-based enterprises,” the Times of India report quoted Nirbhay Handa, managing director and head, global south Asia, Henley & Partners, as saying.

Recently, Singapore launched its TechPass which allows established tech entrepreneurs, leaders or technical experts from around the world to come to Singapore for frontier and disruptive innovations.

Countries such as Malta offer great opportunities in the field of fintech, blockchain and gaming and also have an investor-based permanent residency program, the Times of India report said.

“Countries like the UAE have done well whereas places like Hong Kong, where institutional quarantine and limited international travel have been the norm, have suffered significantly. On the other hand, in the past few months, Singapore has made an impressive effort to open up and is now on a path towards even greater openness which is bound to drive more interest from start-up entrepreneurs globally,” Handa adds.

Startup residency visas are becoming popular ways to attract talent from world over and are also gaining traction among entrepreneurs who want to settle abroad.

Canada’s startup visa program is quite popular which allows permanent residence and has has no minimum qualification or net worth requirement. Moreover, each group can have a maximum of five applicants which broadens its scope to include co-founders and other members.

Under the America COMPETES Act, the US is aiming to attract startups through the W category visa. This will facilitate an easier route for those willing to start businesses in US and apply for permanent residence.

The international entrepreneur parole programme in the US is designed to attract more entrepreneurs to the country.

The USCIS website says, “Under the International Entrepreneur Rule (IER), DHS may use its parole authority to grant a period of authorized stay, on a case-by-case basis, to foreign entrepreneurs who demonstrate that their stay in the United States would provide a significant public benefit through their business venture and that they merit a favorable exercise of discretion.”

Australia offers exemplary tech entrepreneurs and C-suite executives a direct path to permanent residence through its global talent independent visa.

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Some of the major economies are coming to terms with the fact that attracting entrepreneurs from world over can benefit them in the long run. Indian startups are also looking for options like structured residencies offered by some countries to realise their plans of moving abroad and setting up businesses there.

To check if you’re eligible for immigration,
click here

A Times of India report listed some of the important destinations that are high on the priority list of Indian entrepreneurs. Among them are countries like UK, Australia, Italy, UAE and Singapore.

There could be myriad reasons to choose a specific country to migrate to and start a business. Apart from some of the more common reasons like ease of starting up and tax regulation to immigration policies, others could depend on the industry one is tapping into.
UK offers a global talent visa and the UK innovator visa to start-up entrepreneurs looking to scale their businesses from the UK. With its leading university and higher education infrastructure, the UK offers unparalleled research and development opportunities and remains a hub for some of the highest calibre of talent in technology and the sciences.

The startup visa and the sole representative visa too have survived Brexit changes as some of the main routes for Indians seeking to start up and expand businesses in the UK.

“Someone may prefer the UK for healthcare and pharmaceutical-based enterprises, while others may prefer Singapore for fintech or AI, machine-learning-based enterprises, or UAE or Malta for blockchain-based enterprises,” the Times of India report quoted Nirbhay Handa, managing director and head, global south Asia, Henley & Partners, as saying.

Recently, Singapore launched its TechPass which allows established tech entrepreneurs, leaders or technical experts from around the world to come to Singapore for frontier and disruptive innovations.

Countries such as Malta offer great opportunities in the field of fintech, blockchain and gaming and also have an investor-based permanent residency program, the Times of India report said.

“Countries like the UAE have done well whereas places like Hong Kong, where institutional quarantine and limited international travel have been the norm, have suffered significantly. On the other hand, in the past few months, Singapore has made an impressive effort to open up and is now on a path towards even greater openness which is bound to drive more interest from start-up entrepreneurs globally,” Handa adds.

Startup residency visas are becoming popular ways to attract talent from world over and are also gaining traction among entrepreneurs who want to settle abroad.

Canada’s startup visa program is quite popular which allows permanent residence and has has no minimum qualification or net worth requirement. Moreover, each group can have a maximum of five applicants which broadens its scope to include co-founders and other members.

Under the America COMPETES Act, the US is aiming to attract startups through the W category visa. This will facilitate an easier route for those willing to start businesses in US and apply for permanent residence.

The international entrepreneur parole programme in the US is designed to attract more entrepreneurs to the country.

The USCIS website says, “Under the International Entrepreneur Rule (IER), DHS may use its parole authority to grant a period of authorized stay, on a case-by-case basis, to foreign entrepreneurs who demonstrate that their stay in the United States would provide a significant public benefit through their business venture and that they merit a favorable exercise of discretion.”

Australia offers exemplary tech entrepreneurs and C-suite executives a direct path to permanent residence through its global talent independent visa.

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