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Spanish Entrepreneur Visa

Writer's picture: Abhishek SharmaAbhishek Sharma

Spain’s vibrant economy offers a prime environment for entrepreneurial ventures, making it an attractive destination for business enthusiasts globally. The country’s Entrepreneur’s Law has introduced the entrepreneur visa for Spain, a special residency permit designed to simplify the process of starting new businesses while providing residency benefits. This detailed guide by explores the essentials of the Spain entrepreneur visa, highlighting its numerous advantages and the exact application process. Whether you're considering launching a startup or expanding your business, understanding how to navigate Spain's entrepreneurial landscape is essential. Join Deseorg services pvt ltd as we uncover the key steps to transforming your business dreams into success stories in Spain.




 

WHAT IS SPANISH ENTREPRENEUR VISA?


The entrepreneur visa for Spain is a residence permit tailored for non-EU nationals with innovative business ventures that benefit the Spanish economy. This permit allows entrepreneurs and their immediate families—including spouses, dependent children, and dependent parents—to reside in Spain for an initial period of three years, with the possibility of renewal. The visa focuses on projects that aim to create jobs, attract investment, leverage advanced technology, and contribute to Spain's socio-economic development.


DOES YOUR FAMILY GET THE VISA WITH YOU ?


Yes ! Family members of visa holders can secure residency, allowing entrepreneurs to begin their Spanish business ventures with their loved ones.

In contrast to other permits governed by general immigration law, the entrepreneur visa provides a longer residency period and a quicker approval process.


WHO IS ELIGIBLE ?


To be eligible, entrepreneurs must submit a strong business plan showcasing innovation and a lack of similar competitors in the Spanish market. The project should be original, technologically advanced, and capable of generating employment. Supporting documents like patents, recommendation letters, or evidence of existing clients can enhance the application’s chances of success.

If your venture involves cutting-edge technology, innovative data analysis methods, or a unique business model, the entrepreneur visa for Spain is likely your best option. It provides benefits such as a quicker approval process and the flexibility to apply either from within Spain or through a consulate.

 

WHAT ARE THE BENEFITS OF THE SPAIN ENTREPRENEUR VISA?




The Spain entrepreneur visa offers numerous advantages for innovative business minds aiming to establish themselves in Spain. Here are the key benefits that make this visa a sought-after option for entrepreneurs:

 

  • Simplified Work Authorization: This visa streamlines the process of obtaining work authorization, bypassing the stringent criteria typically associated with regular work visas.

  • Access to Schengen Area : Visa holders enjoy free movement within the Schengen zone, facilitating easy travel across multiple European countries.

  • Remote Application Convenience: There’s no need to be physically present in Spain during the application process; you can appoint a representative to handle it on your behalf.

  • Family Inclusion: A joint application feature allows family members—including your spouse, dependent children under 18, and financially dependent parents over 65—to apply simultaneously, enabling a collective move to Spain.

  • Extended Validity: The entrepreneur visa is valid for three years, compared to the standard one-year duration of other visas.

  • In-Country Application: Applicants can initiate the process from within Spain on a tourist visa, which is particularly beneficial for those already exploring business opportunities in the country.

 

Additionally, Spanish authorities prioritize these applications, ensuring an expedited decision typically within 20 days.

 

REQUIREMENTS :


To secure the Entrepreneur Visa for Spain, applicants must satisfy several key requirements, broadly categorized into three main areas: the business idea, the applicant’s professional profile, and the business plan, along with other general prerequisites.

 

  • Business Idea: The foundation of the visa application is an innovative business concept that introduces something new to the Spanish market. The project should be technologically advanced, potentially utilizing algorithms or complex operations, and demonstrate its ability to stimulate Spain’s economy by creating jobs and investment opportunities.

  • Applicant’s Professional and Academic Profile: The applicant must demonstrate a strong educational background and professional experience relevant to the proposed business venture. This includes providing evidence of qualifications, past work experience, and the motivation behind the entrepreneurial idea. The applicant’s skills and expertise should align with the demands of the proposed business.

  • Business Plan: A comprehensive business plan is critical to the application process. It should detail the nature of the professional activity, market analysis, financial projections, funding sources, marketing strategies, and the expected economic impact on Spain, including job creation.

 

 

In addition to these specific criteria, applicants must also meet general requirements, such as:

  • Being a non-EU national over 18 years old.

  • Having no criminal record in Spain or any other country where they’ve lived in the past five years.

  • Not currently being in Spain illegally.

  • Having comprehensive health insurance coverage in Spain.

  • Possessing sufficient financial means (at least €30,250 in their bank account).

 


WHERE TO APPLY ?


For those outside of Spain, the journey begins by obtaining the permit for entrepreneurs and business activity from the Spanish consulate in their home country. Upon approval, they can apply for the residence visa, which facilitates entry into Spain. Conversely, individuals already in Spain legally can directly apply for the business activity permit.


Applicants within Spain have four options for submitting their application:


  • Online Submission: Through the UGE’s electronic headquarters, requiring a digital certificate.

  • Common Electronic Registry: Utilizing the common electronic registry of the Ministry of Finance and Public Function, also requiring a Spain digital certificate.

  • In-person Submission: At the UGE’s Madrid office.

  • Public Registry Office: Submitting documents at any public registry office under the government’s subdelegation in their city, where documents are digitized and sent to the UGE.


After crafting a business plan, it must be reviewed for validity by either the Directorate-General for International Trade and Investments (if applying from abroad) or the Ministry of Economic Affairs (if applying from within Spain).

 

STEP BY STEP PROCESS


Business Plan Preparation and Submission to ENISA : Begin by creating a comprehensive business plan that highlights your business's innovation, feasibility, and economic impact. Submit this plan to ENISA (National Innovation Company) for approval.

 

  • Entrepreneur Visa Application to UGE-CE: Once your business plan is submitted, electronically send your visa application to the Large Business and Strategic Groups Unit (UGE-CE). UGE-CE will evaluate your professional experience and your suitability to manage the proposed business.

  • ENISA and UGE-CE Coordination: After ENISA approves your business plan, they will communicate this approval to UGE-CE, which will then process your residence authorization. If you do not receive a response within 20 days, the application is typically considered approved through ‘positive administrative silence’.

  • Processing Time Considerations: The entire process, from business plan submission to final resolution, can take up to four months. UGE-CE usually processes the residence authorization within 20 days, but ENISA's review of the business plan may take up to three months.

  • Simultaneous Applications: If applying from within Spain, it is advisable to submit applications to both ENISA and UGE-CE simultaneously for efficient processing.

  • Visa Issuance for Applicants Abroad: After receiving approval, if you are applying from outside Spain, you can collect your one-year visa from the Spanish consulate, allowing you to enter Spain.

  • Arrival in Spain and Fingerprint Appointment: Upon arrival in Spain, schedule an appointment for fingerprint registration, a necessary step to obtain your Foreigner Identity Card (TIE).

  • Exchange Visa for Residency Card: During the one-year visa period, apply for and exchange your visa for a three-year residency card, enabling you to legally reside and operate your business in Spain.

  • Applying from Within Spain: If you are already in Spain on a different visa (such as a tourist or student visa) and your application is approved, you can start your business. You will also need to schedule an appointment at a police office to process your three-year residency card.

  • TIE Collection: After your fingerprint appointment, you will be instructed on when to collect your TIE, usually available within 20-30 days.

  • Starting and Operating Your Business: With your visa or residency card, you can officially start your business operations in Spain according to the approved business plan.

 

It's essential to be thorough and meticulous at each step of this process. The Spain Entrepreneur Visa offers an excellent opportunity for non-EU nationals to contribute to the Spanish economy through innovative business ventures.

 

WHICH DOCUMENTS ARE REQUIRED ?


For the Entrepreneur:


  • National Visa Application Form: Completed and signed.

  • Photograph: Recent passport-size, color photograph with a clear background.

  • Passport: Valid, unexpired passport with a minimum validity of 1 year and two blank pages.

  • Favorable Report on the Project: Addressing job creation, the applicant’s professional profile, business plan, and added value for the Spanish economy.

  • Proof of Financial Means: Sufficient funds for the entrepreneur and any accompanying family members.

  • Criminal Record Check Certificate: From countries of residence over the past 5 years, legalized or with the Hague Apostille.

  • Health Insurance: Contracted with an insurer authorized to operate in Spain.

  • Proof of Residence: In the consular district or evidence of in-person classes within it.

  • Representative’s Documents: If applicable, proof of representative’s identity and capacity, along with power of attorney.

  • Visa Fee Payment: Payment of the visa fee in local currency.

 

For Family Members:


  • Relevant Documents: All documents from sections 1, 2, 3, 6, 7, 8, and 10 as applicable to each family member.

  • Proof of Relationship: Documents proving family relationship with the entrepreneur such as birth or marriage certificates, registration as an unmarried couple, or evidence of an unregistered partnership.

  • For Adult Children: Proof of financial dependence and civil status.

  • For Ascending Relatives: Proof that they are under the entrepreneur’s care.


Additional Requirements:


  • Passport Copy: Complete passport and a copy for verification purposes.

  • Private Medical Insurance: With no deductibles or co-payments valid for at least one year.

  • Economic Means: To support oneself and any business endeavors for three years based on IPREM standards.

  • Favorable Report: Confirming the validity of the entrepreneurship idea.

  • Fee Payment Proof: Proof of payment for the corresponding fee and a filled application form available from official sources.


When Preparing Your Application:


  • Bank Account Balance Certificate: Demonstrating sufficient savings.

  • Business Plan: Detailed plan showing how your activity will benefit Spain’s economy with an emphasis on employment creation and socio-economic impact.

  • Private Health Insurance: Mandatory with full coverage in Spain.

  • Qualifications Evidence: University diploma or at least 3 years of job experience in your field.

  • Social Security Commitment: Commitment to fulfill Social Security obligations once the permit is granted.

 

These documents form the cornerstone of your application for a Spain entrepreneur visa. It is essential to gather all required paperwork accurately and ensure all foreign documents are appropriately legalized or apostilled along with an official Spanish translation. With these documents prepared, you are well on your way to successfully applying for your entrepreneur visa.

 

HOW TO RENEW THE ENTREPRENEUR VISA ?

 

Renewing your entrepreneur visa for Spain is essential to maintain your residency and business operations in the country. Initially granted for three years—much longer than the standard one-year term for most residencies under general immigration law—the renewal process requires compliance with the original application’s requirements. Upon successful renewal, you will receive a two-year extension, which sets you on the path to long-term residency after five years in Spain.

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