Temporary Residence – Business as a Sole Trader

Temporary Residence: Trade Licence

Costs for residence on the basis of a trade licence:

• accommodation consent €300,
• apostille x1 (e.g. Ukraine) – €100,
• criminal record extract (e.g. Ukraine) x1 – €50,
• Foreign Police fees €232,
• Commercial Register and Trade Register fees €150,
• assistance with opening accounts and obtaining balance confirmations for the business and personal accounts – 2 x €300,
• documentation and filing with the Trade Register €150,
• documentation and filing with the Foreign Police €200,
• documentation and filing with the Commercial Register €100,
• consent to use a registered address for the trade licence – €100.

To be able to do business as a sole trader, you will need:

• an apostilled criminal record extract,
• an apostilled criminal record extract from any other EU country in which the prospective sole trader has stayed for more than 3 months in the last 3 years,
• a trade licence (step one),
• confirmation of a personal account balance of more than €2,500,
• confirmation of a business account balance exceeding €4,100,
• confirmation of consent to accommodation,
• confirmation of consent to conduct business,
• two 3 x 3.5 cm photographs,
• an application for temporary residence (step two),
• a revenue stamp worth €230,
• once residence has been granted, registration in the Commercial Register and a court fee of €150 (step three).

A sole trader wishing to renew their residence must pay tax of €900 each year.