• Home
  • Country Index
  • About US
  • Contact

Immigration World

The World Has No Boundaries

  • Canada
  • Dubai
  • France
  • India
  • Italy
  • Sweden
  • UK
  • USA
  • etc
  • Country Index

Home » Spain » Setting Up A Business In Spain – You’ll Need A Spanish Entrepreneur Visa

Setting Up A Business In Spain – You’ll Need A Spanish Entrepreneur Visa

May 23, 2022 by Filter Coffee

How to apply for a Spanish Entrepreneur Visa? Whare the documents needed and who is eligible for the visa? Read on to find answers to all your questions.

Sunny Spain isn’t just a beautiful country for a holiday, it’s also an excellent base for entrepreneurs to launch their businesses. Spain has a low cost of living and a large pool of highly-skilled people to work with.

Being the third-largest economy in the European Union, the market is attractive too. If the thought of setting up your business in Spain excites you, here’s what you need to know about the Spanish Entrepreneur Visa.

Spanish Entrepreneur Visa

Read: 16 Countries Offering Citizenship Through Investment

What Is The Spanish Entrepreneur Visa?

The Spanish Entrepreneur Visa has existed since the 1970s. It is open to entrepreneurs, investors, researchers, experienced professionals and other innovative people willing to start a business in Spain. This is a 2-year residence permit for non-EU citizens that may be renewed later.

What Kind Of Business Ventures Are Eligible For A Spanish Entrepreneur Visa?

To be eligible for this visa, the business idea proposed must meet the following criteria:

  • It must create local employment
  • It must be a good investment opportunity
  • It must be innovative
  • It must involve technology that enhances the country’s socio-economic development

Spanish Entrepreneur Visa Requirements

Apart from a sound business idea that matches the above criteria, there is no minimum investment amount required for a Spanish Entrepreneur Visa.

Applicant Eligibility Criteria For A Spanish Entrepreneur Visa

To be eligible for this visa, the applicant must be:

  • At least 18 years old
  • Have no criminal record in Spain
  • Have no criminal record in the place of residence for the last 5 years
  • Have sufficient financial resources to support themselves and their dependents in the country. For 2022, the amount required per month is €2316,08 for the applicant and €579,02 for each dependent.
  • Have private health insurance or public insurance

The applicant’s spouse and dependent children under the age of 18 years are also eligible for this visa. Their applications can be submitted simultaneously or successively.

Documents Required For Application

Before starting the application process, you will need the following documents.

  • Application form
  • Copy of the first and last pages of your current passport
  • Proof of having sufficient finances
  • Character certificates
  • Copy of insurance
  • Business plan
  • Favorable report deeming the business proposal to be of economic importance to Spain

Business Plan Must-Haves

The business plan or proposal is one of the most important documents required for application. It must include the following details:

  • Details of how many new jobs it will provide
  • Entrepreneur’s CV
  • Project overview with
    • Expected start date
    • Legal framework
    • Location
    • Economic effect
  • Features that make it creative and innovative
  • Investment required for the project
  • Detailed financial statements
  • Market analysis with the main competitors

Application Procedure For Spanish Entrepreneur Visa

The application can be submitted from the individual’s home country or from within Spain.

If it is being submitted in the applicant’s home country, all documents must be sent to the Spanish consulate.

Applicants with Spain can apply by sending a digital copy of the documents to the electronic headquarters of the Unidad de Grandes Empresas (UGE) or the UGE HQ in Madrid in person. Alternatively, they can apply through the Ministry of Finance and Public Function common electronic registry or at any local public registry office.

An application usually takes 20 days to be approved. Once a favorable resolution is received, the applicant can schedule an appointment at the immigration office for biometric submission.

If the application is rejected, the applicant can reapply or file an immigration appeal.

Spanish Entrepreneur Visa Renewal

The Spanish Entrepreneur Visa is valid for an initial period of 2 years. The entrepreneur must set up the business during this time. If the venture is successful in terms of creating employment and helping the Spanish economy, the visa may be renewed for an additional 2 years.

Also Read

  • How to Apply for Spain Tourist Visa
  • How to Apply for Spain Student Visa
×

Filed Under: Spain Tagged With: immigrate to, startup visa

Follow US

Recent Posts

  • Thailand Smart Visa -The Visa You Need to Set Up a Business in Thailand
  • Live And Work In The UK Using The UK-India Young Professionals Scheme
  • How To Apply For Australia’s Global Talent Visa Program
  • How To Get An Estonian Startup Visa
  • 5 Employment-Based Immigrant Visa Preference Categories For The American Green Card

Top Posts & Pages

  • 9 Countries Indians Can Easily Get Permanent Residency
  • OCI Card For Infants - How To Apply For An Child’s OCI Card
  • Ways to Migrate to Singapore
  • Top 10 Countries Where You Can Immigrate and Settle Easily
  • Tax Filing In Germany For International Students – Do All International Students Need To File Tax?
  • 10 Countries To Get PR Visa Easily
  • Indian Students Studying Abroad – The Latest Statistics
  • 5 Tips for International Students To Identify A Fake University In The USA
  • 5 Ways To Get Swedish Citizenship
  • Can You Pass the German Citizenship Test?

Tags

Australian citizenship Australian student visa Canada Immigration Canada student visa citizenship citizenship test Coronavirus cost of living EB5 visa Green Cards H1B Visa H1B visa Policy H4 visa immigrate to immigration and settlement Indian e-visa indian immigrants indian students Indian Visa International Students investor visa Migrate to no visa travel passports Permanent Residency Schengen Visa startup visa Student Visa Study in USA Tax Filing For International Students tourist visa travel ban travel tips UK immigration UK Student Visa UK Visa USA Green Card usa immigration USA student visa USA Visa US citizenship US immigration US work permit work permit For H4 visa work visa
Feedback | Disclaimer
Copyright © 2023 immigrationworld.com.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
SettingsAccept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
 

Loading Comments...