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Denmark plans to attract highly qualified and talented foreigners

April 2014, 18
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Denmark skillselect
Denmark unveils new measures to attract highly qualified foreigners to the country and let overseas students stay in the country after completing their graduation.

As a part of these measures, ‘DREAM’ also known as ‘Danish Rational Economic Agents Model’ has been commissioned by the Ministry of Higher Education and Science. This model is designed to determine the cost-benefits of allowing the foreigners to stay in the country.  The ministry of Higher Education and Science states that an extra 1,000 to 1,500 jobs would be created on retention of 1,000 such experts.

One of the measures include Fast-track arrangement intended for the companies to employ overseas talent while the other one is to simplify the current Denmark Green Card Scheme option for relocation to Denmark.

Another significant measure is to lower the roof of tax reduction salaries to DKK60, 600 per month from DKK70, 600 per month.

Additionally, highly qualified overseas talent will acquire a ‘personal number’ quickly facilitating an easier settlement in Denmark, and can avail the welfare services and health system of the nation.

The government expects to develop support schemes to draw and retain foreigners along with monitoring and controlling their salaries and working conditions. Further, entrepreneurs possessing excellent ideas to start-up new companies are considered competent to obtain a Denmark residence permit.

International students will be encouraged to stay in the country after completing their graduations, while talented students will receive study grants. This grant scheme is expected to commence in 2015 with some students initially.

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