Sweden Golden Visa – Everything You Need To Know

Sweden is a wealthy country with a competitive economy and several investment prospects. Sweden has reached high living standards as a global leader in innovation, with a stable economy and world-class infrastructure. Wealthy individuals with unique business ideas with potential for growth who want to invest in Sweden can apply for an investment visa.

What Is an Investment Visa?

An investment visa, sometimes known as a Golden visa, is a scheme for wealthy individuals who have the financial means to invest in a country and expand their business there. Through investing, you might receive a residence permit as well as citizenship. Every country’s investment opportunities are unique.

Does Sweden Have an Investment Visa?

Sweden does not have a straightforward residency by investment scheme with many avenues to finish your investment and acquire a residence permit (as is the case in other countries).

You can, however, seek a visa as a self-employed individual who owns a business in Sweden or will start a new business in Sweden. While there is no hard and fast rule, it is recommended that you focus on these industries.

• Automotive.
• Power and energy generation.
• Wood pulp and paper.
• Medicine.
• Logistics
• IT data centers, etc.

Sweden Golden Visa Requirements

There is no Golden visa in Sweden, but to obtain a residence permit based on your investment in a business, you need to meet the following criteria:

• The investor must be at least 18 years old at application time.
• The investor must not have a history of criminal charges and must have proof that the income was acquired legally.
• The investor needs to show evidence they have enough money to support themselves and their family members in Sweden:
• 200,000 SEK (Swedish Krona) for the main investor.
• 100,000 SEK for the spouse/partner of the main investor.
• An additional 50,000 SEK for accompanying children.
• The investor must have experience in running a business.
• The investor can support his family during their stay in Sweden.
• The investor must own at least 50% of the business in Sweden.

Sweden Investment Visa Processing Time

The processing time for a Sweden investment visa may take several months. The embassy will notify you within this time of your visa status.

Sweden Investment Visa Duration

A Sweden Investment visa is valid for 1 year with the possibility of extending it. If you decide to live in Sweden, you will obtain a residence permit valid for five years. To be eligible for a permanent residence permit (citizenship), you must have five years of uninterrupted residence permit in Sweden.

Can I Bring My Family With a Sweden Investment Visa?

Your family members (spouse and children) will acquire a residence permit if you apply for a Sweden investment visa. The residence permit is valid for the duration of your investment in Sweden. Furthermore, your family will be able to live, work, and travel throughout the European Union while receiving free healthcare.

Obtaining a Sweden Citizenship with Investment Visa

An Investment visa will automatically grant you a residence permit without being required to live in Sweden. This type of visa can also lead to gaining Sweden citizenship, but you will be required to live for five years in the country.

Here is the list of documents you will need to obtain Sweden citizenship by investment:

• Passport. A valid passport not older than ten years.
• Means of subsistence. A bank statement of the last three months proving you can support yourself.
• Proof of accommodation. Submit a lease or rental agreement to prove you have a place to live in Sweden.
• Proof of experience. Copies of school certificates, proof of previous employment, etc.

Can I Get Dual Citizenship With a Sweden Investment Visa?

Yes, Sweden allows dual citizenship. One of the benefits of getting Swedish citizenship is that you will not have to lose your old citizenship unless your home country does not allow dual citizenship.

Benefits of the Sweden Investment Visa

Sweden investment visa comes with many benefits:

• You can keep your former passport after obtaining a Swedish passport.
• The Swedish passport allows you to travel freely to 188 countries around the world.
• Free access to education and the healthcare system.
• You will obtain a Sweden residence permit.
• You will enjoy high-quality life.