I R E L A N D E M C U B A T O R Female Entrepreneurs Women are exemplary business leaders and innovators in a diversity of businesses in Ireland. The international women entrepreneurs leading an existing startup or in the process of developing a startup company with a potential global customer base can apply for a permanent residency status in Ireland for themselves and family members. Female lead startups are increasingly growing in Ireland and there are specific female business support and funding programs available in Ireland.
Qualification The Irish startup entrepreneur residency visa is designed to attract international female entrepreneurs and to offer residency in Ireland. The entrepreneurs and startups with a proposal for a high potential innovative businesses and funding of 50,000 can acquire residency in Ireland. The funding rules are flexible; personal, family/friends, loan, angel investor etc. This program is not intended for retail, personal services, catering or other businesses of this nature. The innovative businesses are those that have potential to trade globally and create jobs in future. The program is flexible and does not require initial job creation and allows sufficient time to develop business.
Benefits Forbes recently named Ireland as one of the best countries in Europe to start a business Lowest tax rates and access to large European free market Access to one of the largest seed fund base for startups in Europe Right to apply for startup business loan and Government funding for startups in Ireland Irish permanent residency for international entrepreneurs Irish permanent residency for family members including spouse and children No restriction to reside in Ireland for residency extension Children access to schools and reputed Irish Universities Unrestricted right to work, live and study in Ireland and travel in Europe Lead to Irish citizenship after 5 years through naturalisation process
Application process The application will be evaluated by committee comprised of representatives of IDA Ireland, Enterprise Ireland and the following government departments; Finance, Jobs & Innovation, Foreign Affairs & Trade, Health and Immigration & Naturalisation services. Application criteria In addition to having sound business proposal and access to 50,000, applicants must also meet the following requirements: Non EU citizen (currently in Ireland or outside) Valid passport or another substitute foreign travel document Documents supporting the source and origin of the declared and investment funds Proof that the applicant has no criminal record Proposed office or co-working space agreement in Ireland Agreement letter if supported by Irish incubator or accelerator such as Emcubator Funds transferred in Ireland through institution regulated by Irish financial regulatory authority Investment agreement if funded by third party Financial modelling detailed in business plan Economic viability of business proposal Payment of Government application fees of 350 Emcubator's legal team producing affidavit attesting to applicants good character Application stage 1 In the application stage, the candidates will submit their application forms and all supporting documentation as well as the required details of their enterprise proposals for approval by the evaluation committee. The evaluation committee will make recommendations to the Irish Minister as to whether or not the person and their proposal should be accepted under the programme. Application stage 2 Applicants who are successful and whose business proposals are approved will be issued permanent residency permission if the following conditions have been met: The required funding has been transferred to a financial institution regulated by the Central Bank of Ireland. The applicant, and if relevant their spouse/partner, has submitted the required affidavit attesting to their good character. Applicants will be facilitated with an Irish entry visa to pursue this affidavit. Once in Ireland and the affidavit is produced, the permanent residency will be issued to the applicant and family members.
STEPS AND TIMELINE The case can take between 3 6 months. The guidelines below are just an indication of the process and timeline. PHASE I Emcubator case assessment PHASE II PHASE IV MONTH 1 Case Submission to Government of Ireland PHASE III MONTH 4 MONTH 5 Application for Irish entry visa MONTH 6 Issuance of permanent residency STEP 1 Case assessment by Emcubator's entrepreneurial experts and legal advisers STEP 2 Application preparation, documentation, initial fee payment, signing off documents STEP 3 Submission of permanent residency application to the Government evaluation committee STEP 4 Government processing of the application and due diligence checks. STEP 5 Approval in principle. Permanent residency letter is issued by the evaluation committee. STEP 6 Transfer of investment amount in a bank regulated by Irish regulatory authority. STEP 7 Application for Irish entry visa for main applicant and family members. STEP 8 Approval of Irish entry visa for main applicant and family members. STEP 9 Arrival in Ireland and affidavit of good character through our legal advisers. STEP 10 Issuance of permanent residency for main applicant and family members.
Top 10 reasons to choose Ireland Skilled Labour Ireland ranked 1st in the world for availability of skilled labour. Pro-Business Environment Low tax, pro-business environment with 12.5% corporate tax rate and 68 double taxation treaties in place. Global Innovation Ireland ranks in the top 10 in the Global Innovation Index 2013 and supports this with generous R+D tax credits of 25% Inward Investment 1st in the world for inward investment by quality and value, 1st in Europe for the number of investment jobs per capita. Education System Ireland is ranked in the top 10 countries in the world whose education system meets the needs of a competitive economy. Language Ireland is the only English speaking country in the Eurozone. 500 Million Consumers Ireland offers barrier free access to over 500 million consumers in Europe the world s largest single market. Freest Economy Ireland has the freest economy in the whole of the Eurozone. Easy To Do Business Ireland is ranked in the top 10 easiest places in Europe to do business. Optimistic Economic Outlook Irish businesses have increased expectations of investing more in their businesses and hiring new staff this year.
Funding opportunities for startup businesses based in Ireland Early stage startup business funds in Ireland NDRC venture Lab - 100,000 DCU propeller venture accelerator program - 45, 000 Enterprise Ireland s portfolio of top startup funds from 5,000 to 50, 000 Google venture s startup fund - $100 million EU wide Mastercard s e-commerce focused European accelerator Varies EU wide Nova UCD varies Dogpatch labs Ireland varies Startup bootcamp Ireland funds and partnership with techstars. IBM and Citi Ignite incubator program - six months office space free-ofcharge Seed camp Ireland any European startup funding of $75,000 Tech all stars varies EU wide Dell s fund for Irish tech startups - 10 million The summit s startup competition (PITCH) varies The versari hub varies The SAP startup focus programme varies Food academy start programme varies Music startups by guinness 60 days of free studio time will be to qualifying musicians OPTIMISE e-commerce fund funds for professional consultancy, training and development Origin8 NCAD - - varies Compass group Ireland and the idea works - varies DealStart varies
Venture capital funds in Ireland Over 800m in funding is available in Ireland through networks of angel investors, seed and venture capital and development capital firms. The funds currently open for new startup applicants include; AIB seed capital fund - 53m AIB startup accelerator fund - 22m Atlantic bridge venture fund - 67m Atlantic Bridge venture fund II - 75m Bank of Ireland early stage equity fund - 32m Bank of Ireland kernel capital partners - 51m Bank of Ireland startup equity fund - 17m Delta partners - 105m Fountain healthcare partners - 73m Seroba kernel life sciences - 75m NCB ulster bank diageo fund - 75m The frontline ventures fund - 20m SOS ventures Ireland fund - 20m In 2015: Did you know? Venture Capital funding of Ireland based startup businesses increased by 30%. The funding for early stage startup businesses based in Ireland rose to 43.8 Millions. Source: IVCA VenturePulse survey
Emcubator We love to empower ethnic communities. Our comprehensive services portfolio is unmatched in the market and is underpinned by a level of responsiveness and flexibility which our clients consistently tell us is one of our most valued attributes. Because we operate from our HQ in Ireland, we are connected with both Government agencies and other concerned organisations to deliver high quality services. Our seasoned and certified professionals draw on many years of experience in legal advisory, innovation, entrepreneurship, market research, business planning, startup training & mentoring and permanent residency solutions. Tailored Services We work in close collaboration with our clients to create practical solutions designed to help achieve their strategic objectives. Legal advisory Business plan writing Business plan review Co-founding / partnering Concierge services Executive advisory board Executive coaching Graduate entrepreneur trainig Exit and succession planning Family settlement planning Residency case preparation Ideation Innovation Financial modelling Financial modelling review Global market research Investment management Irish company registration Market expansion strategies Placement in incubator Startup funding consultancy
Entrepreneurs and Innovation without borders 14 Lucan Village Centre Dublin, Ireland Telephone: 00353 1-628-3530 Email: info@emcubator.org Website: www.emcubator.org