What is the Ireland Startup Entrepreneur Visa?
The Ireland Startup Entrepreneur Program (STEP) Visa aims to attract non-EEA entrepreneurs to the country who want to start an innovative business targeting international markets.
This program was created to encourage economic growth by bringing new, innovative businesses to Ireland, and it could eventually lead to long-term residency or Irish citizenship.
To apply, applicants need to have at least €50,000 in funding and a business idea that is unique, scalable, and has the potential to create jobs and target international markets.
If approved, applicants receive a two-year residency permit, which can be renewed if the business is successful.
Benefits of the Ireland Startup Entrepreneur Visa
Residency permission
Residency permissionApplicants are granted a total of five years of residence in Ireland under the STEP visa.
Pathway to permanent residency
Pathway to permanent residencySTEP grants a Stamp 4 visa to successful applicants, allowing them and their families to live and work in Ireland for an initial two years, extendable for an additional three years. This can eventually lead to long-term residence or citizenship in Ireland.
Opportunity for citizenship
Opportunity for citizenshipIn many cases, successful applicants may also become eligible for Irish citizenship, allowing for dual citizenship.
Family inclusion
Family inclusionThe program allows the applicant’s immediate family members to join, giving them similar residency rights to ensure family unity.
Access to the EU market
Access to the EU marketAs Ireland is part of the EU, STEP visa holders can do business throughout the European Union, which helps expand their market opportunities.
Support for startups
Support for startupsThe program is specifically designed for entrepreneurs, providing access to business networks, resources, and funding opportunities.
Pro-business environment
Pro-business environmentIreland’s favorable tax regime and strong support systems make it an attractive destination for startups and growing businesses.
Eligibility Requirements for the Ireland Startup Entrepreneur Visa
You must meet the following specific requirements to apply for the Ireland Start Up Entrepreneur Programme (STEP):
Business Plan
Applicants must present a business plan for a scalable, innovative business idea. This business idea must introduce a new product or service targeting international markets.
The business should have the potential to generate significant revenue and create jobs in Ireland. The Independent Evaluation Committee assesses the viability and potential of the business idea.
Funding
You must have at least €50,000 in funding for your business.
This can come from personal resources, loans, business angel funding, venture capital, or grants from Irish state agencies.
Business structure
The business can be established as a Limited Company in Ireland, which aligns with the objectives of the Startup Entrepreneur Programme to promote innovation and high-growth enterprises.
Job creation
The business is expected to create at least 10 jobs in Ireland and reach €1 million in sales within the first three years.
Other requirements
- Demonstrate ability to run a business or managerial skills.
- Only open to non-EEA nationals.
- Comprehensive health insurance coverage.
Application Process for the Ireland Startup Entrepreneur Visa
Required Documents for the Ireland Startup Entrepreneur Visa
These are some of the supporting documents needed for the STEP application process:
- Valid passport issued within the last 10 years and valid for the duration of your stay.
- Proof of €50,000 in funding, such as recent bank statements or investment letters.
- Business plan, with financial projections for the next 2-5 years.
- Up-to-date CV showing education and work experience.
- Letters of support or references for your business idea, ideally drawn up within the last 6 months.
- Proof of relevant qualifications, like certificates or diplomas.
- Police clearance certificate confirming no criminal record, valid for 3-6 months.
Documents needed for in-country registration upon entry to Ireland
- Valid passport is used to enter Ireland.
- Visa approval notification (if applicable)
- Proof of address in Ireland, such as a utility bill or bank statement from the last three months.
- Two passport-sized photos that meet Irish visa photo requirements.
- A completed registration form for the Irish Residence Permit (IRP), is available at the IRP office.
Fees and Costs for the Ireland Startup Entrepreneur Visa
Fee Type | Amount | Description |
Application Fee (STEP) | €350 | A non-refundable fee will be charged to the principal applicant and all nominated family members. |
Visa Fee (for visa-required nationals) | €100 (Multiple Entry) | Fee for obtaining an entry visa to Ireland if applicable (varies by visa type). |
Irish Residence Permit (IRP) Fee | €300 | The fee for registering your residency and obtaining the IRP card confirms your legal status in Ireland. |
Affidavit of Good Character | Varies | The fee for obtaining the affidavit must be produced by a legal practitioner registered in Ireland. |
Medical Insurance | Varies | Private health insurance is required for the applicant and family members during residency. |
Renewal Fee (IRP) | €300 | The fee for renewing the IRP after the initial residency period is applicable every time the permit is renewed. |
Additional Legal/Consultancy Fees | Varies | Legal and business consultancy fees associated with preparing the business plan, financial setup, etc. |
What are the processing times for the Ireland Startup Entrepreneur Visa?
- Initial STEP Visa application: 2-3 months
- STEP Visa duration: 2 years
- Visa renewal (if applicable): 2-3 months
- Total residency requirement: 5 years
- Citizenship application: 6-12 months
- Passport application: 4-6 weeks
- Total time to Irish citizenship: Six to seven years
Please note that the processing times are at the discretion of the Irish authorities and are subject to change
How Can Global Citizen Solutions Help You?
Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwide acquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments.
We guide you from start to finish, taking you beyond your citizenship or residency by investment application.
Frequently Asked Questions about the Ireland Startup Entrepreneur Visa
What is the Ireland Startup Entrepreneur Visa (STEP)?
The Ireland Startup Entrepreneur Visa is designed for innovative entrepreneurs who want to establish a business in Ireland, requiring a minimum investment of €50,000.
What are the eligibility requirements for the Ireland Startup Entrepreneur Visa?
Eligibility requirements for the STEP visa includes:
- Be non-EEA national
- a scalable and innovative business idea
- Provide proof of access to at least €50,000 in funding
- Be of good character
- Have no criminal record
Can I include my family members in the Ireland STEP visa application?
Yes, dependents such as spouses, partners, and children under 18 can be included and apply either simultaneously or later.
What are the key benefits of the Ireland Startup Entrepreneur Visa?
The Ireland Startup Entrepreneur Visa offers the benefit of:
- residing in Ireland along with family,
- growing a business in a supportive environment,
- pursuing permanent residency and citizenship, and
- contributing to the Irish economy.
What is the visa's duration?
Initial residence permit is granted for five years, with the potential for long-term residence thereafter.
How long is the Ireland Startup Entrepreneur Visa valid for?
Applicants must invest at least €50,000 of their own funds into their startup.
What is the cost of the Ireland Startup Entrepreneur Visa?
The cost breakdown for the Ireland STEP visa is as follows:
- Application fee (non-refundable): €350
- Visa application fee: €100 for a multiple entry visa
- Irish Residence Permit fee: €300
- Funding to start business: €50,000
Is a business plan required for the Ireland STEP visa?
Yes, a business plan is required for the Ireland Startup Entrepreneur Visa.
Can I extend the Ireland Startup Entrepreneur Visa?
Yes, you can extend the Ireland STEP visa for three extra years after the initial two-year period.
Can I get permanent residency through the Ireland STEP visa?
Yes, the Ireland Startup Entrepreneur Program can lead to permanent residency in Ireland.
After five years of residency, you are eligible to apply for long-term residency. In turn, this is a step towards becoming a citizen.
Are there any restrictions on the type of business for the Ireland STEP program?
Retail, personal services and similar traditional businesses are excluded from the Ireland Startup Entrepreneur Program Visa.
Do I need to live in Ireland full-time under the STEP visa?
Yes, the STEP visa requires you to reside and work in Ireland full-time to focus on the business you’ve outlined in your application. During this time you are not allowed to pursue any other employment.
How is the application for the Ireland Startup Entrepreneur Visa evaluated?
The Evaluation Committee of Enterprise Ireland assesses the business according to whether:
- it introduces a new or innovative product or service to international markets,
- it’s capable of creating 10 jobs in Ireland, and
- it’s able to achieve €1 million in sales within three to four years of starting up.
Are there any tax incentives for entrepreneurs under the Ireland Startup Entrepreneur Visa?
No, the Ireland Startup Entrepreneur visa does not offer specific tax incentives.
However, you do benefit from Ireland’s favorable tax regime, including a low corporate tax rate and R&D tax credits.
Do I need Irish partners for the Ireland Startup Entrepreneur Visa?
No, it’s not necessary do have Irish partners when opening a business under the STEP visa as the program specifically focuses on non-EEA nationals.
Is previous business experience required for the Ireland STEP visa?
No, previous business experience is not needed for the Ireland Startup Entrepreneur Visa but it rather focuses on the strength of your business plan.
How much time do I have to establish my startup after getting the Ireland STEP visa?
You have two years to establish your business with Ireland’s Startup Entrepreneur Visa. You can apply for renewal after three years, provided your business still meets requirements.
Can I relocate my existing business to Ireland under the STEP visa?
Yes, you can relocate an existing business to Ireland under the Startup Entrepreneur Program as long as that business meets the criteria for a high-potential startup and you have the necessary funding.
Are there any language requirements for the Ireland Startup Entrepreneur Visa?
No, there is no language requirement for the Ireland STEP visa but proficiency in English is highly recommended.
Can I travel within the EU with the Ireland Startup Entrepreneur Visa?
Yes, the STEP visa allows you to travel freely between countries in the European Union.
What are the common reasons for rejection of the Ireland STEP visa application?
The most common reasons an application for the Ireland Startup Entrepreneur Visa would be denied include:
- Incomplete application
- Insufficient financial proof
- Unclear business plan
- Previous issues with immigration
- Lack of ties to the home country
Can I appeal a rejected Ireland Startup Entrepreneur Visa application?
No, all decisions made about STEP visa applications are final and cannot be repealed. But, you can reapply at a later date.
