The Entrepreneurs Law stimulates the creation of companies in Spain. In addition, it facilitates the granting of residence visas for entrepreneurs who invest in the Spanish public debt, purchase a home, or start their activity as self-employed workers or entrepreneurs.
Entrepreneur visa in Spain: Modalities
- Entrepreneur Visa
- Investment Visa
- For intra-company worker
- Highly qualified professional or researchers visa.
Entrepreneur visa in Spain: Requirements
To obtain the entrepreneur visa in Spain we must have:
- Compliance with current legal requirements.
- Global analysis of the applicant’s academic profile.
- Complete business plan.
- Value of the Project for the Spanish economy.
- Innovation or investment opportunities.
Your business idea must strictly meet four main requirements:
- It must be innovative.
- Your service or product must have a large technological component and its operations must be based on algorithms or complex logistics operations.
- The company that you intend to create must be of exceptional economic interest to Spain.
- The business must create investment opportunities.
Entrepreneur visa in Spain: Processing
If you are outside of Spain, you will apply for the residence visa for entrepreneurs at the Spanish consulate in the country of residence.
On the other hand, if you are legally in Spain or have an entrepreneur visa, you will apply for a residence permit for entrepreneurs at the Unit for Large Companies and Strategic Groups (UGE-CE).
The visa and authorization are valid to work and reside throughout the national territory, including family members if they meet the age stipulated in labor regulations. In the case of visas, the term is usually 10 days; while in the case of authorizations it is approximately 30 days.
This residence authorization is granted for 3 years (instead of one like most residences under the general immigration law). The renewal consists of the same requirements as at the time of the initial application.
The only difference is that there has been enough time to evaluate your company’s performance, so it will be important to justify and demonstrate its performance and an equally viable future projection.
Entrepreneur visa in Spain: Documentation
The necessary documents that you must provide at the Spanish consulate or at the UGE are:
- Full Passport (must be valid at the time of application).
- Private medical insurance without deficiencies or co-payments, contracted with a Spanish Company.
- Criminal record.
- Accreditation of economic means. We are talking about €2.130 for the main applicant and €532 for each dependent family member.
- In the case of the visa: the Favorable Report issued by the Economic and Commercial Office of the Spanish embassy in the area of the geographical demarcation where you reside.
- In the case of authorization: the Business Plan.
- Payment of the relevant fee.
- Application form.
