Best Residence by Investment Lawyers in Borås

About Residence by Investment Law in Borås, Sweden

Residence by Investment refers to the process of obtaining a residence permit by making an eligible investment in the host country’s economy. In Sweden, including Borås, there is no official “golden visa” or explicit Residence by Investment program like in some other countries. However, Swedish law does allow foreign nationals to apply for residence permits through business investments under the rules governing self-employed persons and start-up entrepreneurs.

Individuals who can demonstrate a viable business plan, the necessary funds, and the potential to benefit the local economy may be eligible for a residence permit in Borås. The process is strictly regulated, with Swedish authorities focusing on the applicant's genuine intent to manage and develop a sustainable business in Sweden.

Why You May Need a Lawyer

Navigating the Residence by Investment process in Sweden—and specifically in Borås—can be complex. Here are common reasons why seeking legal advice is beneficial:

• Understanding eligibility criteria and necessary documentation
• Drafting and reviewing business plans and investment proposals to meet Swedish standards
• Assisting with the application process and communication with the Swedish Migration Agency (Migrationsverket)
• Addressing issues such as application rejections or requests for additional information
• Ensuring compliance with Swedish tax and employment laws for investors and their businesses
• Assisting family members with dependent permit applications

A skilled lawyer can help avoid common mistakes that might delay or jeopardize an application.

Local Laws Overview

Here are key considerations for Residence by Investment applicants in Borås, Sweden:

• Self-Employment Permits: Sweden allows non-EU nationals to apply for residence as self-employed persons. The applicant must own at least 50% of the company, play an active role in its operation, and demonstrate the viability and long-term potential of the business.
• Financial Requirements: Applicants must have sufficient funds to support themselves and any accompanying family members, as well as capital to run the business for at least two years.
• Business Plan: A detailed business plan, market analysis, and evidence of customer interest are required. The business must benefit the local or Swedish economy and involve real economic activity in Borås.
• Permitted Activities: Certain sectors may have specific requirements or restrictions. Legal guidance can clarify what types of investment activities are permitted.
• Renewal and Permanent Residence: After two years, the permit can be renewed if the business is running as planned. After four years, permanent residence may be possible.
• Dependents: Family members (spouse, cohabiting partner, unmarried children under 18) may be eligible for dependent residence permits.

Frequently Asked Questions

What is Residence by Investment in Borås, Sweden?

In Sweden, Residence by Investment generally means obtaining a residence permit by investing in and managing a business, not by passive investment or property purchase as in some other countries.

Does Sweden have a “Golden Visa” program?

No, Sweden does not operate a traditional “Golden Visa” program. Authorizations are available for self-employed individuals and entrepreneurs willing to establish and run a business.

What are the main requirements for obtaining a residence permit as a self-employed person?

Applicants must present a viable business plan, have sufficient funds for themselves and any family, show business experience, and demonstrate the potential for their enterprise to support them financially.

Can I invest in an existing business in Borås to gain residency?

Yes, but you must have at least 50% ownership and be actively involved in the daily operations and development of the business.

Can my family come with me if I get a residence permit by investment?

Yes, your spouse, cohabiting partner, and children under 18 can apply for dependent permits alongside your application.

How long does the application process usually take?

Processing times can vary, but it typically takes several months. The Swedish Migration Agency advises submitting complete documentation to avoid delays.

Do investment amounts or business types affect my chances?

Yes. The nature, size, and credibility of your business and investment are key. Authorities assess the risk, potential, and sustainability of your venture.

Can I purchase real estate as my qualifying investment?

No, buying property alone does not qualify for residence. You must establish and operate a genuine business.

What happens if my application is denied?

You may appeal the decision. Consulting a local lawyer can help identify the reason for refusal and build a stronger application or appeal.

Can I eventually become a permanent resident or citizen?

Yes, after holding a residence permit for four years and meeting requirements, you may be eligible for permanent residence. Swedish citizenship is possible after additional time and if other conditions are met.

Additional Resources

If you need further help or information on Residence by Investment in Borås, Sweden, consider the following resources:

• Swedish Migration Agency (Migrationsverket) – Responsible for processing residence permit applications
• Borås Business Development Office – Offers support and advice for starting businesses locally
• Swedish Companies Registration Office (Bolagsverket)
• Swedish Tax Agency (Skatteverket)
• Local law firms specializing in immigration and business law in Borås
• Swedish Bar Association (Sveriges advokatsamfund) – For finding qualified lawyers

Next Steps

If you are considering Residence by Investment in Borås, Sweden and require legal assistance:

1. Gather all relevant documents concerning your business experience, financial situation, and your proposed investment venture.
2. Consult the Swedish Migration Agency to review official requirements.
3. Consider reaching out to a local lawyer with experience in immigration and business law. Prepare to share your business plan for initial feedback.
4. If needed, visit the Borås Business Development Office for local insights and resources available to new entrepreneurs.
5. Begin the application process with legal guidance to avoid errors and ensure compliance with local regulations.
6. If your application faces challenges, a lawyer can help you understand your options for appeal or re-application.

A methodical and well-advised approach can greatly improve your chances of successfully obtaining residence by investment in Borås, Sweden.