SPAIN: THE INVESTOR RESIDENCY PERMIT, ALSO CALLED ENTREPRENEUR VISA
7 min read
THE SPANISH NON-LUCRATIVE RESIDENCY PERMIT
THE SPANISH ENTREPRENEUR RESIDENCY PERMIT as per the
ENTREPRENEURIAL SUPPORT ACT OF 27 SEPTEMBER 2013 (Ley 14/2013).
(Migrant Entrepreneurs)
-A residence permit, if you are currently in Spain and can set up the business.
Who has to apply for the visa or residence permit?
How long does the permit last?
• Residence permit: 2 years
• Renewal of the residence permit: other 2 years.
How is the project assessed?
•A) The applicant’s professional profile, his/her training and professional experience as well as his/her involvement in the project.
•B) The business plan, including at least the following aspects: Description of the project: business activity to be performed, start-up date, location, planned legal form of the company, potential economic impact of the investment, description of the estimated number of jobs that may be created and their duties and qualification, planned promotion activities and sales strategy. Description of the product or service: the description shall be detailed and include the innovative aspects. Market analysis: assessment of the market and expected evolution, description of the possible competitors, assessment of potential consumers and analysis of supply and demand. Financing: investment required, sources of financing and financial plan
•C) The added value for the Spanish economy.
Application. Passport. Health insurance. Background checks. Proof of sufficient resources.
In case of visas: Report on entrepreneurial activity is sued by the Spanish Economic and Commercial Office in the same area where the visa is requested.
In case of residence permits: Business plan.
•With the visa and residence permit, you may live and work anywhere in Spain, including relatives if they meet the expected age labor regulations.
•Combine processing of permits for direct family members: Spouse or unmarried partner. Children who are minors or those of legal age being financially dependent on the holder. Parents in their charge.
•Streamlined processing: Visa decisions are made and notified within 10 working days. Residence permits decisions are made within 30 working days.
•The application for residence permits and renewals extend the validity of the stay or residence status of the applicant until the procedure is terminated.
We suggest you always use the services of a Specialist Lawyer.
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