Startup & Entrepreneur Visa Guide 2025

🇨🇦

Canada

Start-Up Visa (SUV) Program & New 2026 Entrepreneur Pilot PAUSED

🚨

Program Status Alert: Canada's Start-Up Visa (SUV) was officially closed to new applicants on December 31, 2025. Only entrepreneurs who received a valid commitment certificate from a designated organization in 2025 may still apply for permanent residence, with a final deadline of June 30, 2026. The IRCC is planning a new, stricter Entrepreneur Pilot Program for 2026, with only ~500 spots per year. Full details of the new program were not yet published as of May 2026.

📋 Core Requirements (Prior SUV Rules)

Letter of Support from a Canadian designated organization (VC fund, angel investor group, or business incubator)
Minimum funding: CAD $200,000 from a designated VC fund; or CAD $75,000 from an angel investor group; or acceptance into an accredited Canadian incubator (no funding minimum)
Ownership: individually hold ≥10% voting rights; collectively with the designated org, hold >50%
Language: Canadian Language Benchmark (CLB) Level 5 in English or French
Settlement funds: CAD $15,263 (single applicant) up to CAD $40,392 (family of 7+)
Group size: up to 5 co-founders can apply together
Must actively manage the business in Canada (outside Quebec)
Clean criminal record and admissibility to Canada

⏳ Application Process & Timeline

Step 1: Secure a Designated Organization

Pitch your business to accredited incubators (e.g., Toronto Business Development Centre, Accelerator Centre, Alacrity Canada) or VC funds/angel groups. This is the hardest step — acceptance was capped at 10 startups per org per year.

Step 2: Receive Commitment Certificate

Once accepted, the organization submits a commitment certificate to IRCC. You then have 6 months to file your PR application.

Step 3: Apply for PR + Work Permit

Submit PR application via the Canadian PR Portal. While waiting, eligible applicants received an open work permit (C11) to begin operating in Canada within 2–4 months.

Step 4: PR Approval

Processing time was 40–52 months. Successful applicants received permanent residence directly (no temporary visa step).

🏠 Residency Obligations

To maintain PR: must be physically in Canada for at least 730 days (2 years) in every 5-year period
Business failure does not automatically revoke your PR status, but immigration officials assess good faith efforts
Active day-to-day management of the business in Canada is expected
No strict minimum months per year — but 730 days/5 years averages ~146 days/year (about 5 months)

🏛️ Path to Canadian Citizenship

Obtain Permanent Residence

Granted directly upon SUV approval (not a temporary visa first).

Meet Physical Presence

Must spend at least 1,095 days (3 years) in Canada within any 5-year period as a PR. Days on a temporary visa before PR count as half-days (max 365 half-days).

File Taxes for 3 Years

Must have filed Canadian income taxes for at least 3 tax years within the 5 years before applying.

Pass Language & Knowledge Tests

Demonstrate English or French proficiency + pass a citizenship knowledge test on Canadian history, values, and rights.

Take the Oath of Citizenship

Dual citizenship permitted. Canada passport gives visa-free access to 189+ countries.

💰 Tax Obligations

Tax Residency Trigger183+ days/year in Canada

Federal Income Tax15%–33% (progressive)

Combined Federal + Provincial~48%–54% (top rate)

Corporate Tax~26.5% (federal + provincial avg)

Capital Gains Tax50% of gain included in income

Tax on Foreign IncomeYes (worldwide taxation for residents)

R&D CreditsAvailable (IRAP, SR&ED program)

🏢 Hiring Locals & Business Rules

No mandatory minimum of Canadian employees required under the SUV program itself
However, designated organizations (especially incubators) look for business plans that demonstrate job creation potential in Canada
All employees must receive minimum provincial wages and benefits per Canadian labor law
Applicants must be actively involved in day-to-day operations
Co-founders (up to 5) must each hold ≥10% voting rights individually

🌐 Moving an Existing Startup to Canada

The SUV welcomed startups relocating from other countries, provided the business qualified as innovative and scalable under Canadian standards
Existing startups needed to secure a new commitment certificate from a Canadian designated organization — the organization had to believe the Canadian operations would be the primary focus
The startup did not have to be newly founded; however, the Canadian entity must be new — a new incorporation in Canada
The new 2026 pilot is expected to be significantly more selective, likely favoring startups with existing revenue, traction, or Canadian customers
Alternative route: The C-11 Entrepreneur Work Permit allows founders to come to Canada and start building without the SUV; it does not lead directly to PR but can be a bridge while applying through other pathways (Express Entry, PNP streams)

⚠️

2026 Update: The new Entrepreneur Pilot Program is expected to have far stricter requirements — higher capital investment thresholds, a maximum of only 500 spots per year (down from 3,000), and preference for entrepreneurs already contributing to the Canadian economy. Watch IRCC announcements at canada.ca for details when released.

730Days/5-yr to keep PR

1,095Days needed for citizenship

500New pilot spots/year (est.)

~5 yrsTypical PR → Citizenship

🇬🇧

United Kingdom

Innovator Founder Visa OPEN

✅

Program Status: The UK Innovator Founder Visa is fully open as of 2026, with no annual quota or lottery. It replaced both the former Innovator Visa and Start-up Visa in April 2023, creating a single streamlined pathway for all entrepreneur stages. As of April 2023, the £50,000 minimum investment requirement was also dropped.

📋 Core Eligibility Requirements

Age: 18 years or older
Business type: Must be new (cannot join an already-trading business), innovative (original idea, different from what exists in the market), viable (realistic chance of success), and scalable (plans for national and international growth)
Endorsement: Must be approved by a Home Office-approved endorsing body. As of late 2025, four active bodies: Envestors Limited, UK Endorsing Services, Innovator International, Global Entrepreneurs Programme
English language: B2 level (CEFR) — provable via IELTS, Cambridge, or a degree taught in English
Personal finances: At least £1,270 held in your bank account for 28 consecutive days before applying
No minimum capital investment required — but you must demonstrate sufficient funding to your endorsing body
Clean criminal record; must not be subject to a deportation order

🔐 The Endorsement Process

Submit your business plan to an endorsing body for assessment — this is the hardest part; endorsing bodies apply strict scrutiny
Endorsement fee: approximately £1,000 (varies by endorsing body)
Your plan is reviewed for innovation, viability, and scalability with respect to the UK market specifically
If endorsed, you receive a formal endorsement letter (valid for a limited period)
Two mandatory progress check-in meetings required: at 12 months and 24 months
If endorsement is withdrawn mid-visa, the Home Office may curtail your leave
You can found a team — there is no requirement to be the sole founder, but you must be an instrumental member of the founding team

💸 Costs & Fees

Endorsing body fee~£1,000

Visa fee (outside UK)£1,274

Visa fee (inside UK / switch)£1,590

Immigration Health Surcharge£1,035 per person/year

Priority processing (+5 days)+£500

Super-priority (next day)+£1,000

ILR application fee (per person)£3,029

Standard processing time~8 weeks

🏠 Residency Obligations

Initial visa valid for 3 years, extendable for further 3-year periods (no maximum number of extensions)
Must not be absent from the UK for more than 180 days in any 12-month period during your visa to qualify for ILR
Must actively manage the business — you cannot hold this visa primarily for employment elsewhere
Supplementary employment is permitted: up to 20 hours per week in a skilled role (RQF Level 3+), in addition to your business
Spouse/partner and children under 18 can join you and are permitted to work and study in the UK freely

🏛️ Path to ILR & British Citizenship

Year 0: Arrive on Innovator Founder Visa

3-year visa. Begin building your business, attending mandatory check-ins.

Year 3: Apply for ILR (if milestones met)

Apply for Indefinite Leave to Remain if your business meets at least 2 of the UK's ILR milestones (see below). ILR gives you the right to live and work in the UK permanently without restrictions.

Year 3+: Extend if Milestones Not Yet Met

If milestones are not achieved at 3 years, you can extend the visa and try again — there is no fixed cut-off for number of extensions.

Year 4 (ILR + 1 year): Apply for British Citizenship

After holding ILR for 12 months, apply to naturalise as a British citizen. Must pass the Life in the UK test and meet residence requirements. UK permits dual citizenship.

📊 ILR Business Milestones (need 2 of these)

Annual revenue of £500,000–£1,000,000
Secured institutional investment (at least £50,000 from a regulated VC or equivalent)
Created full-time employment for at least 5 UK-settled workers
Demonstrated export activity (at least 50% of revenue from overseas customers)
Engaged in significant R&D activity with formal collaboration with UK research institutions
Registered a patent in the UK
Business is registered with Companies House and trading actively
Endorsing body confirms the business is sustainable for at least 12 months ahead

💰 UK Tax Overview for Entrepreneurs

Corporate Tax Rate25% (19% for small companies <£50K profit)

Personal Income Tax20%–45% (progressive)

National Insurance (self-emp.)~6–9% additional

Capital Gains Tax18%–28% (shares: 10%–24%)

R&D Tax CreditsAvailable (HMRC scheme)

EIS / SEIS investor reliefPowerful incentives to attract UK angel investment

Non-Dom StatusAvailable for newcomers (complex; consult tax advisor)

Tax Residency Trigger183+ days/year OR per Statutory Residence Test

🌐 Moving an Existing Startup to the UK

You can bring an existing startup to the UK under the Innovator Founder Visa, provided the business has not yet started trading in the UK
If the business was registered with UK Companies House but has not traded, this is generally acceptable — but you must have significantly contributed to the business concept
The endorsing body will assess whether your business idea is truly innovative for the UK market specifically
International businesses relocating to the UK should prepare to demonstrate UK market fit, local scalability, and plans to create jobs in the UK
The Global Entrepreneurs Programme (GEP) — one of the 4 endorsing bodies — specifically targets high-growth companies internationally looking to expand into the UK
Alternatives for established companies: Expansion Worker Visa or Skilled Worker Visa as a director-employee

3 yrsTo ILR (fastest path)

4–5 yrsTo British Citizenship

180Max days abroad/yr for ILR

No capAnnual visa quota

🇮🇪

Ireland

Start-up Entrepreneur Programme (STEP) OPEN

ℹ️

EU Gateway: Ireland is an EU member state. Obtaining Irish citizenship grants you full EU citizenship rights — including the right to live and work freely in all 27 EU member states. This makes the STEP visa one of the most strategically valuable startup routes globally, especially for access to the 500-million-person EU single market. Note: Ireland is not in the Schengen Area, but its passport provides visa-free access to 192 countries.

📋 STEP Eligibility Requirements

Non-EEA nationals only (EEA citizens have freedom of movement; no Russian or Belarusian applicants accepted since 2023)
High-Potential Start-Up (HPSU): Business must introduce a new or innovative product/service to international markets
Growth targets: Business must have the potential to create at least 10 jobs in Ireland and achieve €1 million+ in sales within 3–4 years (not a hard requirement to achieve, but must demonstrate potential)
Minimum funding: Access to €50,000 (principal founder). Each additional founder must show access to an extra €30,000
Startup must be less than 6 years old at time of application
Must be headquartered and controlled in Ireland
Led by an experienced management team
Funding may come from personal savings, loans, angel/VC investment, or Irish state agency grants
Private health insurance required at all times (no access to public funds)
Police clearance from every country where you've lived 6+ months in the last 10 years

⚙️ Application Process

Prepare Documentation

Complete STEP application form, write a detailed business plan, compile financial evidence (€50K funding), police clearance, and evidence of good character.

Submit to Enterprise Ireland

Pay the non-refundable application fee of €350. Applications can be submitted at any time, but are considered quarterly by an independent evaluation committee.

Evaluation by Committee

Enterprise Ireland's Independent Evaluation Committee assesses the business plan. Note: the Minister's decision is final — there is no right of appeal or review.

Receive Approval Letter + Apply for Visa

If approved, you receive a formal letter and can then apply for an entry visa (if needed) and an Irish Residence Permit (Stamp 4) once in Ireland.

Register with GNIB

Upon arrival, register with the Garda National Immigration Bureau (GNIB) and receive your Irish Residence Permit.

🏠 Residency Obligations

Initial permission: 2 years (Stamp 4), full-time work only in the approved startup
Renewal: After 2 years, apply for a 3-year extension if business is still operating and assessed as viable by the Evaluation Committee
After the 5-year total, renew in 5-year increments regardless of business performance or existence
You must not engage in any other employment — full-time dedication to the startup is required
Must maintain private health insurance throughout
Spouse/partner may be granted a work permit; dependent children may be included
No specific minimum number of months per year stated, but full-time residence in Ireland is expected while on the startup permission

🏛️ Path to Irish Citizenship (Naturalisation)

Years 1–2: STEP Permission (Stamp 4)

Build your business full-time in Ireland.

Years 2–5: 3-Year Renewal

Renew permit after a positive evaluation. Business must still be operating.

Year 5+: Long-Term Residency

Eligible for long-term residence. Permits can be renewed in 5-year instalments independent of business status.

Year 8+: Apply for Naturalisation

Must have 5 years of total residency (1,460 days) in the 8 years before application, including 12 months of continuous residence immediately before the application date (max 6 weeks abroad in that final year). Interview and Irish culture exam may be required.

⚠️

STEP does not offer a preferential or accelerated citizenship path. The standard naturalisation timeline of 8+ years applies. Dual citizenship is permitted under Irish law.

💰 Ireland Tax Overview

Corporate Tax (trading)12.5% — one of Europe's lowest

Corporate Tax (non-trading)25%

Personal Income TaxUp to 40% (progressive)

Capital Gains Tax33%

VAT Standard Rate23%

Tax Residency Trigger183 days/year, or 280 days over 2 years

Foreign Income (resident, non-dom)Exempt if not remitted to Ireland

Double Tax Treaties72 countries (incl. USA, all EU)

R&D Tax Credit25% credit on qualifying expenditure

🌐 Moving an Existing Startup to Ireland

STEP explicitly supports relocation of existing innovative startups to Ireland — not just new ventures
The existing business must be less than 6 years old at the time of application
You must show the relocated entity will be headquartered and controlled in Ireland
Most recent audited accounts of the existing business must be submitted with your application
The relocated startup must still meet the HPSU criteria (international focus, 10+ jobs potential, €1M+ revenue potential)
Foreign entrepreneurs wanting to maintain a headquarters elsewhere while setting up an Irish branch are not the target — the Irish entity must be the controlling headquarters
Ireland's Business Facilitation Unit (BFU) can assist with fast-track company registration and support for relocating businesses

€50KMin funding required

12.5%Corporate tax rate

8+ yrsTo Irish citizenship

€350Non-refundable app fee

🇸🇬

Singapore

EntrePass (Entrepreneur Pass) OPEN

🌏

Asia Gateway: Singapore offers one of the world's most entrepreneur-friendly tax regimes — no capital gains tax, no inheritance tax, no tax on foreign-sourced income, and a 17% corporate tax cap. It is a strategic launchpad for accessing ASEAN and broader Asia-Pacific markets.

📋 EntrePass Eligibility — Innovator Track

Register or intend to register a private limited company with ACRA (Singapore's company registry). If already registered, must be less than 6 months old
Must relocate to Singapore and operate the company from there
No minimum salary requirement (unlike the Employment Pass)
No minimum capital investment required by law — but must meet one of the innovation criteria:
Venture-backed: At least S$100,000 (~USD $73,000) in funding from a Singapore government-recognized VC, angel investor, or government investment vehicle
IP-owner: Company holds intellectual property that cannot be easily replicated, registered with the Intellectual Property Office of Singapore (IPOS)
Research collaboration: Formal collaboration with a Singapore university or A*STAR research institution
Incubatee: Currently accepted into a Singapore government-supported incubator (related to the proposed business)
Excluded sectors: food courts, hawker centres, bars, massage parlours, traditional Chinese medicine, employment agencies, karaoke lounges, geomancy businesses

📋 EntrePass Eligibility — Entrepreneur & Investor Tracks

Entrepreneur Track: Proven track record of starting highly scalable businesses. Must demonstrate significant entrepreneurial achievements with relevant network in the industry
Investor Track: Must have a strong business record as an investor in multiple ventures, with evidence of portfolio companies and returns
Applications are assessed holistically by the Ministry of Manpower (MOM) — no rigid point-based scoring, but scrutinized on business model, innovation potential, and expected economic contribution to Singapore
Processing time: approximately 8 weeks from application submission
If company not yet registered: receive an Approval-in-Principle (AIP) letter, then register company within 1 month; then have 6 months to get the pass issued
Upon arrival, register at Employment Pass Services Centre (EPSC) and complete biometrics within 2 weeks; card delivered within 4 working days

🔄 EntrePass Renewal — Escalating Local Hiring Requirements

Pass is valid for 1 year initially, then renewed annually (later 2-year renewals). Each renewal has increasing milestones for local job creation:

Renewal 1 (Year 2)3 local FT employees + S$100K annual business spend

Renewal 2 (Year 3)5 local FT employees + S$200K annual business spend

Renewal 3–48 local FT employees + S$300K annual business spend

Renewal 5+10 local FT employees + S$400K annual business spend

"Local" means Singapore Citizens or PRs. "Full-time" means ≥S$1,100/month with CPF contributions for ≥3 months. A "local PME" is a Singapore Citizen or PR earning ≥S$3,600/month.

👨‍👩‍👧 Family Inclusion (Dependent's Pass)

Dependents cannot be included in the initial EntrePass application
After Year 1, if you have created 4 full-time local jobs and annual total business spending is at least S$150,000: spouse and children may apply for a Dependent's Pass or Long-Term Visit Pass
After Year 2 (with 8 local FT jobs and S$300,000 in business spending): parents may be eligible for a Long-Term Visit Pass
This staged approach means families must plan for 1 year of separation, or arrange alternative visas for dependents initially
Spouse on a Dependent's Pass may seek permission to work in Singapore separately

🏛️ Path to PR & Citizenship

Years 1–3: Build EntrePass History

Renew EntrePass annually, meeting job creation and spending milestones. Demonstrate ongoing economic contribution to Singapore.

Year 2–3: Apply for Permanent Residence (PR)

Eligible to apply for PR via the PTS Scheme (Professionals/Technical Personnel & Skilled Workers) after the second renewal. ICA evaluates: age, education, time in Singapore, salary records (6 months), IRAS tax assessment, and company financial health. Processing: 4–6 months. PR is not guaranteed — approval is at ICA's discretion.

Year 4–5: Citizenship Eligibility

After 2 years of PR, may apply for Singapore citizenship. Approval is at the sole discretion of the government and is not guaranteed.

⚠️ No Dual Citizenship

Singapore does not recognize dual citizenship. You must renounce your previous nationality to become a Singapore citizen. Male citizens and PRs are subject to National Service obligations (2 years full-time + 40 days/year until age 40–50).

💰 Singapore Tax Overview

Corporate Tax17% (cap) — with startup exemptions

Startup Corp Tax (first 3 yrs)0% on first S$100K; 8.5% next S$100K

Personal Income Tax0%–24% (progressive)

Capital Gains TaxNone ✓

Inheritance / Wealth TaxNone ✓

Foreign-Sourced IncomeNot taxed in Singapore ✓

Tax Residency Trigger183+ days/year in Singapore

GST (VAT equivalent)9% (effective 2024)

CPF ContributionsRequired for local employees; not applicable to EntrePass holders themselves

🌐 Moving an Existing Startup to Singapore

Singapore is very favorable for startup relocation. The EntrePass requires the company to be registered in Singapore as a private limited company (Pte. Ltd.) — this can be a new entity or a new Singapore subsidiary of your existing company
The company must be newly registered (less than 6 months old at the time of application) — meaning you cannot apply for an EntrePass using a long-established Singapore subsidiary
Your existing startup's IP, contracts, or technology can be transferred or licensed to the new Singapore entity
The Global Investor Programme (GIP) is a separate, more established route for later-stage founders with track records: requires investment of at least SGD $2.5 million and may directly lead to PR. This is ideal if your startup already has significant revenue and scale
The Tech.Pass is another alternative for senior tech professionals and established tech entrepreneurs earning SGD $22,500+/month, or with recent experience at a company valued at USD $500M+, or have raised USD $30M+ funding — it offers more flexibility than the EntrePass without the strict company registration requirements

17%Max corporate tax

0%Capital gains tax

2–3 yrsTo PR eligibility

~8 wksProcessing time

🇨🇾

Cyprus

Startup Visa Scheme (Updated Jan 2025) 150 VISA CAP

🌟

Major 2025 Update (effective January 1, 2025): Cyprus overhauled its Startup Visa following Cabinet approval on December 18, 2024. Key changes: permit extended from 2 to 3 years; equity ownership requirement reduced from 50% to 25%; foreign employee quota raised from 30% to 50%; and clearer renewal benchmarks introduced. The program supports both new and relocating innovative startups.

📋 Who Can Apply

Individual Startup Visa: Non-EU/EEA national acting as sole founder of an innovative startup
Team Startup Visa: A team of up to 5 non-EU/EEA nationals — either founders only, or at least 1 founder plus senior executives
Must be the founder of a new startup, OR relocating an existing innovative startup to Cyprus
Minimum equity: Each non-EU member must hold at least 25% of the company's share capital (reduced from 50%)
Minimum company capital: €20,000 (or €10,000 if fewer than 2 founders)
Minimum personal funding access: €50,000 (may include VC, crowdfunding, state grants, or personal savings)
Education: Undergraduate degree or equivalent professional qualification required
Language: Very good knowledge of Greek and/or English
Digital skills certification: All team members must hold certifications in digital skills (programming, data analytics, digital marketing, AI, cybersecurity, etc.)
Program cap: 150 visas total by end of 2026 — act early

🔬 Innovation Scoring — The Business Evaluation

Business plan is assessed by two independent experts using criteria from EU Regulation No. 651/2014
To qualify as "innovative," the business must score 15 out of 20 points from both experts
Projects scoring 12–15 may revise and resubmit once
If only one expert awards 15+, a third expert is brought in as a tiebreaker
Fast-track for established companies: If your company already has annual revenue ≥€1 million, or R&D expenses ≥10% of operating costs in at least one of the last 3 years, you qualify for a streamlined evaluation process
Application is submitted by email to: startupvisa@dmrid.gov.cy
Processing time: approximately 3–5 weeks
If approved, apply for a visa within 6 months of the approval notification
Apply for residence/work permit within 1 month of arrival in Cyprus

🏠 Residency Obligations & Stay Requirements

Initial permit: 3 years (Temporary Residence & Employment Permit)
Must work full-time on the approved startup in Cyprus
Spouse of the main permit holder has free access to the Cyprus labor market for paid employment (from 2025 update)
Family members (spouse and dependent children) may apply for residence via Family Reunification
Private health insurance must be maintained
No specific minimum days per year are mandated under the visa, but actual residence is expected for business operations
Renewal: Apply 2 months before expiry of the initial 3-year period

📈 Renewal Criteria (After 3 Years)

Must meet at least one of the following benchmarks:

Generated at least 15% revenue growth during the 3-year period
Secured at least €150,000 in investment for the Cyprus operations
Created at least 3 new jobs in Cyprus (full-time)
Active participation in a local innovation support scheme or accelerator
Successfully launched at least one new product or service to the market
Renewal adds 2 more years. Subsequent renewals continue in 2-year increments meeting similar criteria.

👥 Hiring Rules

Companies may now hire up to 50% of their workforce from outside Cyprus (increased from 30%)
Companies that invest €150,000 or more in Cyprus may hire additional foreign nationals (up to 10 extra without prior approval from the Dept. of Labour)
Hiring beyond these limits requires authorization from the Department of Labour
All employees must demonstrate basic digital skills as per the program mandate
Wages for foreign employees must comply with EU labor standards
Renewal requirements incentivize creating at least 3 new local (Cypriot) jobs

💸 Costs & Fees

Application feeNon-refundable (email submission)

Entry visa fee€120

Residence permit extension€130

Min. company capital€20,000 (€10,000 if <2 founders)

Min. personal funding access€50,000

Processing time~3–5 weeks

Total visa cap150 (until end of 2026)

💰 Cyprus Tax — One of Europe's Best Regimes

Corporate Tax12.5% — among EU's lowest

IP Box RegimeEffective 2.5% rate on royalty income from qualifying IP

Personal Income (first €19,500)0% (tax-free threshold)

Personal Income (above €19,500)20%–35% (progressive)

50% Income Tax ExemptionFor 17 years if income >€55K/yr and no prior Cyprus tax residency in last 17 yrs

Capital Gains TaxOnly on Cyprus real estate (20%). No CGT on shares/securities ✓

Inheritance TaxNone ✓

Gift TaxNone ✓

Wealth TaxNone ✓

Dividends to foreign shareholdersNo withholding tax ✓

Startup Investment Tax DeductionUp to 50% of taxable income in year of investment (for certified innovative enterprise)

Double Tax Treaties68 countries

🏛️ Path to Cypriot (EU) Citizenship

Years 1–3: Startup Visa Permit

Operate your startup, build residence history.

Years 3–5+: Renewals

Renew in 2-year increments meeting at least 1 growth benchmark.

After 5–7 years: Permanent Residency

Long-term or permanent residency possible after sustained legal stay. The Golden Visa (property-based PR) is a parallel option at €300,000 investment, with only 1 visit per 2 years required to maintain it.

Year 7–8: Apply for Naturalisation (Citizenship)

Requirements: 5 years of legal residence (1,825 days) in the 10 years preceding the application, including 12 months of continuous residence immediately before applying (with max 90 days abroad in that year). Must demonstrate: Greek language proficiency, knowledge of Cypriot political/social reality, good character, stable accommodation and finances, and genuine intention to live in Cyprus.

🇪🇺

Cypriot citizenship = full EU citizenship. Access to healthcare, education, and freedom of movement across all 27 EU member states. Dual citizenship is permitted.

🌐 Moving an Existing Startup to Cyprus

Cyprus's startup visa program explicitly supports both new startups and relocation of established innovative startups — this is written into the program's official goal
A startup relocating to Cyprus should either set up a new Cypriot entity or transfer its headquarters to Cyprus
For established companies (>€1M revenue or 10%+ R&D spend), a fast-track evaluation process applies — reducing friction for proven startups
The Business Facilitation Unit (BFU) (established January 2022) provides fast-track company registration, licensing, and permit processing for international companies relocating to Cyprus
Cyprus is particularly attractive for fintech, tech, and IP-heavy startups — the 2.5% IP Box tax rate on royalties makes it a compelling IP holding location within the EU
Team Startup Visa allows founders plus senior executives (e.g., CTO, CFO) from a foreign startup to all relocate together as a team of up to 5 people
Alternatively, entrepreneurs with €300,000+ to invest may prefer the separate Cyprus Residency by Investment (Golden Visa) — requires only 1 visit every 2 years to maintain, but does not include a work/startup component

12.5%Corporate tax

2.5%IP Box effective rate

7–8 yrsTo EU citizenship

150Total visa cap (2026)

🇭🇰

Hong Kong SAR

Investment as Entrepreneurs (GEP) & Top Talent Pass Scheme (TTPS) OPEN

🏙️

Asia's World City: Hong Kong operates as a Special Administrative Region (SAR) of China under the "One Country, Two Systems" framework, with its own immigration, legal, and tax systems until at least 2047. It offers one of the world's most competitive tax regimes — taxation is strictly territorial, meaning only income sourced in Hong Kong is taxed. Foreign-sourced income, capital gains, dividends, and estate value are all exempt. It is a gateway to Mainland China and the broader Asia-Pacific market, with the Hong Kong dollar pegged to the USD.

🗺️ Two Main Routes for Entrepreneurs

Route 1 — Investment as Entrepreneurs (GEP)

The primary startup route. No minimum income or fixed capital requirement. Assessed holistically on your business plan, investment, and economic contribution to HK. Best for new/early-stage founders.

Route 2 — Top Talent Pass Scheme (TTPS)

For high-income professionals and top graduates. No job offer needed upfront. Freedom to start a business or find work. Best for established founders with HK$2.5M+ income or a top-university degree.

📋 GEP Entrepreneur Visa — Core Requirements

Education: Normally a first degree in a relevant field. In special circumstances, good technical qualifications, proven professional abilities, or relevant experience and achievements may substitute
Business plan: A detailed 2-year business plan covering business concept, market analysis, positioning, product/service description, management team, sales targets, and marketing strategy — plus a 2-year forecast of profit & loss, cash flow, and balance sheet
No fixed minimum investment, but immigration expects approximately HK$1,000,000 (~USD $130,000) in operating capital for non-residents, or HK$500,000 for existing HK residents switching visa status
Economic contribution: The business must demonstrably contribute to HK's economy through job creation, new technology, new skills, or business turnover
Your personal involvement must be essential — pure passive investment does not qualify
Clean criminal record; no security objections from HK police
Excluded nationalities: Afghanistan, Cuba, North Korea (DPRK)
For PRC passport holders: must have permanent residency overseas, or have lived overseas for at least 1 year before applying

⭐ TTPS — Top Talent Pass Scheme

Category A: Annual taxable income (employment or business profits from self-owned companies) of HK$2.5 million (≈USD $320,000) or above in the preceding year. Passive investment gains, capital appreciation, and most investment income do not count — only actual employment/business profits
Category B: Bachelor's degree from one of the world's top 100 universities, plus at least 3 years of work experience in the past 5 years. No income threshold. No annual quota.
Category C: Bachelor's degree from one of the world's top 100 universities with less than 3 years of experience. Subject to an annual quota of 10,000 places
No job offer required upfront — land in HK, then explore work or start a business
Category A and B applicants: 2-year initial stay (same as GEP); Category A holders who earned HK$2.5M+ may qualify for 3-year initial stay
TTPS does not exclude specific nationalities (except Afghanistan, Cuba, Laos, DPRK, Nepal, Vietnam)
Over 70,000+ applications approved since TTPS launched in December 2022

⚙️ Application Process — GEP Entrepreneur Visa

Step 1: Incorporate a Hong Kong Company

Register a limited company (typically a private company limited by shares) with the Hong Kong Companies Registry. This can be done remotely by appointing a local company secretary. Open a business bank account. This step is required before — or in parallel with — the visa application.

Step 2: Prepare Documentation

Write a compelling 2-year business plan. Prepare financial projections (P&L, cash flow, balance sheet). Gather academic credentials, proof of professional experience, company registration documents, and evidence of funds (bank statements showing ~HK$1M+ operating capital).

Step 3: Submit Online Application

Apply online via the HK Immigration Department's eService portal. Pay the non-refundable application fee (HK$190–HK$250 for visa + issuance). Processing: 4–8 weeks for routine cases. Supplementary documents may be requested.

Step 4: Receive e-Visa

Upon approval, receive an electronic visa (QR code) to download or print. You have 6 months from approval to enter Hong Kong. Your 36-month stay clock begins from the date of entry.

Step 5: Operate & Build a Track Record

Begin business operations immediately. Maintain your Business Registration, file annual tax returns, and keep Mandatory Provident Fund (MPF) contributions current for local employees. Build a clear paper trail of business activity from Day 1 — this is critical for renewal.

🔄 Permit Duration & Renewal Pattern

Initial stay: 36 months (GEP Entrepreneur) or 24 months (TTPS), from date of entry
First renewal: Normally 3 years (if business is still operating and meeting criteria)
Subsequent renewals: 2 years each — the standard pattern is 3-2-2-2… years
Top-Tier Employment Stream shortcut: If you have been in HK for 2+ years and have assessable income of HK$2 million in the prior tax year, you qualify for a single 6-year extension without conditions on type of employment — a significant reward for successful founders
Renewals require proof that the business is still active and operating. Dormant companies are a red flag — maintain your Business Registration, tax filings, and MPF contributions at minimum
Government-backed startup programs (StartmeupHK, HKSTPC incubators, Cyberport) can support your initial application and strengthen renewals

👨‍👩‍👧 Family Inclusion

Spouse and unmarried dependent children under 18 can be included in the application from Day 1
Dependants' permitted stay is linked to the sponsor's
Dependants are free to take up employment and study in Hong Kong without any additional work permit
Group applications for up to 9 people (applicant + dependants) can be submitted together online

🏛️ Path to Right of Abode (Permanent Residency)

Years 0–3: Initial GEP / TTPS Permit

Build your business and HK residence history. Maintain business activity, tax filings, and MPF contributions.

Years 3–7: Renew (3-2 Year Pattern)

Renew permits while continuing to meet the eligibility criteria. Any time spent in HK on any visa counts toward the 7-year requirement.

Year 7: Apply for Right of Abode (Permanent Residency)

After 7 years of continuous ordinary residence in Hong Kong, apply for the Right of Abode (Hong Kong Permanent Resident status). Must have paid taxes in each year of residence. Dependants who have lived with the sponsor for 7+ years may also qualify.

Right of Abode = HK Permanent Residency

Grants the right to live and work in Hong Kong indefinitely without visa conditions. Holders may obtain a Hong Kong Permanent Identity Card and — if Chinese nationals — a Hong Kong SAR Passport (HKSAR Passport), which is one of Asia's most powerful travel documents with access to 171+ countries visa-free. Note: HK is an SAR of China, not a separate state — HK permanent residency is not the same as Chinese citizenship.

⚠️

Hong Kong does not have a "citizenship" separate from Chinese citizenship. The Right of Abode gives you permanent resident status in HK and the HKSAR travel document. To hold a HKSAR Passport you must be both a permanent resident of HK and a Chinese national. Non-Chinese nationals who obtain the Right of Abode receive permanent resident status but continue to use their original national passport for travel.

💰 Hong Kong Tax — Territorial & Extremely Competitive

Tax BasisTerritorial only — foreign income NOT taxed ✓

Profits Tax (Corp.)16.5% standard; 8.25% on first HK$2M

Profits Tax (Unincorp.)15% standard; 7.5% on first HK$2M

Salaries Tax (Personal)2%–17% progressive (capped at 15% of total income)

Capital Gains TaxNone (generally exempt) ✓

Dividend TaxNone — dividends fully exempt ✓

Estate / Inheritance TaxNone (abolished in 2006) ✓

VAT / GSTNone ✓

Wealth TaxNone ✓

Tax Residency Trigger180+ days/yr or 300+ days in 2 consecutive years

CDTAs52 comprehensive double-tax agreements (as of May 2025)

MPF (pension) contributions5% employee + 5% employer (on HK-sourced salary, capped)

🏢 Hiring Locals & Employment Rules

No minimum requirement for local hires under the GEP — but job creation for locals is one of the key positive factors in your business plan evaluation and renewal assessments
All employees must be enrolled in the Mandatory Provident Fund (MPF) — a compulsory pension scheme requiring 5% contributions from both employer and employee (capped at HK$1,500/month per side)
Employment Ordinance mandates: minimum wage (HK$40/hour as of 2024), statutory holidays, annual leave (7–14 days based on seniority), paid sick leave, and severance/long service payments
Government-backed incubator programs (StartmeupHK, Incu-App, Incu-Bio, Incu-Tech at HKSTPC, Cyberport) provide a fast-track for the GEP application and can serve as proof of local business engagement
Being accepted into one of these programs is explicitly mentioned in HK Immigration guidelines as supporting a favorable GEP application

🌐 Moving an Existing Startup to Hong Kong

The GEP Entrepreneur Visa explicitly supports founders who want to "establish or join in business" in HK — meaning you can bring or expand an existing startup into Hong Kong
The most common structure: set up a new Hong Kong private limited company as either the main operating entity or a Hong Kong subsidiary/holding company of your existing business
Your existing startup's IP, client contracts, or revenue streams can be transferred or licensed to the HK entity, strengthening the business plan and demonstrating immediate viability
HK is particularly attractive as a holding company jurisdiction — dividends received from subsidiaries and capital gains from share disposals are generally tax-free
The New Capital Investment Entrant Scheme (New CIES) is an alternative for high-net-worth founders: invest a minimum of HK$30 million in permissible HK financial assets (equities, bonds, funds — not real estate or cash). Leads to PR after 7 years. Best for passive wealth management, not operational startups.
Existing startups with HK$2.5M+ in assessable profits can use the TTPS Category A route instead, which is faster and less documentation-heavy than the full GEP entrepreneurial review
InvestHK (the government FDI agency) provides free advisory services to help foreign companies set up in HK, including referrals to relevant incubation programs

🏗️ Government-Backed Startup Programs (Strengthens GEP Application)

Program	Administered By	Focus	Benefit for GEP
StartmeupHK Venture Programme	InvestHK	All sectors — connecting global startups to HK ecosystem	Explicitly listed by Immigration Dept as a fast-track supporting program
Incu-App Programme	HKSTPC (Science & Technology Parks)	Mobile apps and software startups	Acceptance counts as a government-backed program for GEP fast-track
Incu-Bio Programme	HKSTPC	Biotechnology and life sciences	Same as above
Incu-Tech Programme	HKSTPC	Technology hardware and deep-tech	Same as above
Cyberport Incubation Programme	Hong Kong Cyberport	Digital technology and fintech	Explicitly listed by Immigration Dept as a fast-track supporting program
SERAP / ESS	Innovation & Technology Commission	SME R&D support grants	Evidence of government-backed support for the application

16.5%Max profits tax

0%Capital gains / dividend tax

7 yrsTo permanent residency

36 mo.Initial permit duration

Side-by-Side · All Five Countries

📊 Comprehensive Comparison Table

Criterion	🇨🇦 Canada	🇬🇧 UK	🇮🇪 Ireland	🇸🇬 Singapore	🇨🇾 Cyprus	🇭🇰 Hong Kong
Program Name	Start-Up Visa (SUV) — Paused; New pilot 2026	Innovator Founder Visa	STEP Programme	EntrePass	Startup Visa Scheme	Investment as Entrepreneurs (GEP) / TTPS
Status (May 2026)	⚠ Paused / transitioning	✓ Open, no cap	✓ Open	✓ Open	⚠ Open, 150 visa cap	✓ Open, no cap
Min. Investment / Funding	CAD $75K (angel) or $200K (VC) from third parties; no personal min.	None mandated; must demonstrate business viability to endorsing body	€50,000 personal access (can be VC, savings, grants)	No fixed min; must have VC backing ($100K SGD) or IP/incubator	€50,000 funding access; €20K company capital	No fixed minimum; ~HK$1M operating capital expected for non-residents
Initial Permit Duration	PR directly (no temporary stage)	3 years (extendable)	2 years (Stamp 4)	1 year (renewable annually)	3 years (renewable 2 yrs)	36 months (GEP) / 24 months (TTPS) — renewable 3-2 year pattern
Residency (Days/Year Required)	730 days/5 years minimum for PR maintenance (~146 days/yr avg)	Max 180 days abroad in any 12-month period to qualify for ILR (~185 days/yr min. in UK)	Full-time residency expected; no specific min. stated for permit, but continuous stay implied	No formal minimum; 183+ days recommended for PR / tax residency	Full business operation expected; no specific minimum stated	No formal daily minimum; continuous residence required for 7-year PR clock. 180+ days/yr triggers tax residency.
Must Hire Locals?	No minimum mandate (but job creation is a key pitch factor)	No minimum mandate; 5 UK-settled workers is one path to ILR milestone	Target: 10 jobs in 3–4 years (not mandatory, but must demonstrate potential)	Yes — escalating local hiring from Year 2 (3→5→8→10 employees)	No minimum; but 3 new local jobs is one renewal benchmark	No minimum; local job creation is a strongly encouraged factor for GEP evaluation and renewal
Corporate Tax Rate	~26.5% (combined federal + provincial)	25% (19% for small companies)	12.5% (trading income)	17% (0% on first S$100K for 3 yrs)	12.5% (2.5% IP Box regime)	16.5% (8.25% on first HK$2M profits)
Capital Gains Tax	50% of gain included in income	18%–28% (shares: 10%–24%)	33%	0% ✓	0% (except Cyprus real estate) ✓	0% (generally exempt) ✓
Personal Tax (Top Rate)	~48%–54% (federal + provincial combined)	45%	40%	24%	35% (with major exemptions for new arrivals)	17% (salaries tax cap; often much lower in practice)
Foreign Income Taxed?	Yes (worldwide taxation)	Yes (non-dom exemptions available)	Not if not remitted (resident non-dom)	No ✓	No (for qualifying new residents) ✓	No — territorial basis only ✓
Path to Permanent Residency	Immediate PR upon SUV approval	ILR after 3 years (Innovator Founder)	Long-term after 5 years; 5-yr renewals after	PR via PTS scheme after ~2–3 years	Permanent residency via Golden Visa (separate program) or after sustained legal stay	Right of Abode (HK Permanent Residency) after 7 years continuous ordinary residence
Path to Citizenship	~3–5 years from PR (1,095 days in Canada)	~4–5 years total (3 yr ILR + 1 yr wait)	~8–9 years (5 yrs out of 8)	~4–5 years from arrival (2 yr PR + process)	~7–8 years (5 yrs in 10-year window)	Right of Abode at 7 yrs. HKSAR Passport (for Chinese nationals) after that. No separate HK "citizenship".
Dual Citizenship	Yes ✓	Yes ✓	Yes ✓	No ✗ (must renounce)	Yes ✓ (EU)	N/A (HK is an SAR; Chinese law does not recognise dual nationality)
EU Citizenship Benefit	No	No (post-Brexit)	Yes ✓ (Full EU citizenship + freedom of movement)	No	Yes ✓ (Full EU citizenship + freedom of movement)	No (but HKSAR Passport grants 171+ countries visa-free)
Relocating Existing Startup	Yes (Canadian operations must be primary focus)	Yes (if not yet trading in UK market)	Yes (must be <6 years old, HQ moves to Ireland)	Yes (new Singapore entity required, <6 months old)	Yes (explicitly supported; fast-track for proven companies)	Yes — GEP covers joining or establishing a business; HK subsidiary or holding co. structure common
Family Inclusion	Yes (spouse + children <22)	Yes (spouse + children <18)	Yes (spouse + dependent children)	After 1 year + job milestones met	Yes (spouse gets work rights; children included)	Yes from Day 1 — spouse + children <18; dependants free to work & study
Language Requirement	CLB 5 (English or French)	B2 English (CEFR)	None officially required	None officially required	Good Greek or English required	None required (English widely used in business)

🎯 Strategic Recommendations by Founder Profile

Your Situation	Best Fit	Reason
IP-heavy tech company wanting EU market access & minimal taxes	🇨🇾 Cyprus	2.5% IP Box tax, 12.5% corporate tax, EU citizenship path, explicit support for existing startup relocation
VC-backed startup wanting access to US & global markets, strong English ecosystem	🇬🇧 UK or 🇨🇦 Canada	UK: no investment min, fastest PR (3 years), excellent startup ecosystem in London. Canada: immediate PR, though program currently paused
Asia-Pacific expansion focus, no capital gains needs	🇸🇬 Singapore	Zero CGT, no foreign income tax, ASEAN gateway, very business-friendly; note no dual citizenship
EU gateway with EU citizenship as the main goal	🇮🇪 Ireland or 🇨🇾 Cyprus	Ireland: established HPSU ecosystem, strong English base, 12.5% corp tax. Cyprus: faster citizenship (7–8 yrs vs 8–9 yrs), better personal tax perks for high earners
Existing startup with €1M+ revenue looking to relocate fast	🇨🇾 Cyprus	Fast-track evaluation for proven companies, favorable tax regime, low entry cost relative to impact, growing innovation ecosystem
Family relocation priority, want to bring family immediately	🇬🇧 UK, 🇮🇪 Ireland, or 🇨🇾 Cyprus	All three allow family from Day 1 (Cyprus spouse even gets work rights). Singapore requires 1 year + job milestones before family can join.
Financial services, trading, or holding company with no CGT/dividend tax	🇭🇰 Hong Kong	Zero CGT, zero dividend tax, zero foreign income tax, no GST/VAT, 8.25% profits tax on first HK$2M — unmatched for financial and trading businesses
Founder with HK$2.5M+ income or top-100 university degree	🇭🇰 Hong Kong (TTPS)	TTPS is the fastest HK route — no business plan required, 24-month initial stay, freedom to immediately start a business or explore opportunities upon arrival