"Your Guide to Ireland's Start-Up Entrepreneur Program (STEP): FAQs Answered"

1. What is the Start-Up Entrepreneur Program (STEP)?

The Start-Up Entrepreneur Program is an initiative by the Irish government to attract innovative entrepreneurs with high potential to establish and scale their businesses in Ireland.

2. Who is eligible for STEP?

Eligible applicants must:

• Have an innovative business idea in manufacturing or internationally traded services.
• Be capable of creating at least 10 jobs in Ireland and generating €1 million in sales within 3-4 years.
• Have a minimum funding or capital investment of €50,000.

3. What qualifies as an innovative business?

• An innovative business must demonstrate:
• A clear market gap addressed by the product/service.
• High-growth potential.
• A focus on manufacturing or internationally traded services.
• Potential to contribute significantly to Ireland’s economy.

4. Can I bring family members with me?

Yes, successful applicants can bring their immediate family (spouse and dependent children). Family members will receive residency permission, subject to certain conditions.

5. What is the required investment amount?

The minimum investment is €50,000. If there are additional founders applying for the program, they must each demonstrate access to €30,000.

6. Do I need to live in Ireland to qualify for STEP?

Yes, the program requires applicants to live in Ireland to develop and grow their business actively.

7. How long does the STEP visa last?

Successful applicants are granted an initial two-year residency permission, renewable for a further three years. After five years, applicants may apply for long-term residency.

8. Is STEP a pathway to citizenship?

Yes, after five years of legal residency in Ireland, you may apply for Irish citizenship, provided other criteria (such as good character and language requirements) are met.

9. Do I need to have my business established before applying?

No, you can apply with a comprehensive business proposal outlining your idea, market strategy, and financial projections.

10. Can I work in other jobs while in the program?

No, STEP participants are expected to focus entirely on developing and managing their start-up. Working in other jobs is not allowed.

11. Are there language requirements for STEP?

While there are no formal language requirements, proficiency in English is highly recommended as it is essential for business operations in Ireland.

12. What documents are needed to apply for STEP?

Key documents include:

• A detailed business plan.
• Evidence of the required funds (€50,000+).
• Proof of innovation and market potential.
• Personal identification (passport, visa application form).

13. How do I apply for STEP?

Applications can be submitted through the Irish Naturalisation and Immigration Service (INIS) portal. Include all required documents and pay the application fee.

14. What happens if my application is unsuccessful?

Unsuccessful applicants can appeal the decision. You may also reapply if your business proposal is revised or your circumstances change.

15. Are there success stories from the STEP program?

Yes, several global entrepreneurs have successfully launched their businesses in Ireland through STEP, benefiting from Ireland's strong business ecosystem, tax incentives, and access to the European market.

I am a member of the College of Immigration and Citizenship Consultants (CICC ID- R422575), and also a registered member of the Canadian Association of Professional Immigration Consultant with a member (CAPIC ID-R11592). Please visit our website https://www.dreamvisas.com

For personalized immigration advice or to explore business migration options, feel free to reach out/ WhatsApp at +91 98220 33225/ [email protected], [email protected]

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