Support to Foreign Entrepreneurs in Spain

Through the project of the Law to support entrepreneurs and their internationalization, the government intends to stimulate foreign investment in Spain. Among other things, entrepreneurs will find facilitated entry into Spain and the ability to stay in the country to develop their entrepreneurial activity.

Entrepreneurial Activity is considered an activity with innovative character and that of special economic interest to Spain. To demonstrate these characteristics, the activity must result in a favourable report by the competent office of the Administration of State, whose evaluation will take into account the creation of jobs, the professional profile of the applicant, the business plan, and the value-added to the Spanish economy, the innovation and/or the opportunities for investment that it represents.

Foreign Entrepreneurs can apply for a visa to enter and stay in Spain for one year with plans to complete the necessary steps of initiating and developing a business Project.

After obtaining this visa, the entrepreneur can obtain residential status for entrepreneurs without having to apply for any additional visa and without any previous period of stay, as long as they can justify the beginning of the activity for which the visa was initially requested.

If entrepreneurs wish to apply for residency authorization for business activity, they must comply with the general requirements for residency authorization, as well as the legal requirements for the beginning of the business activity.

These measures are very favourable for all foreigners wishing to start a business in Spain; facilitating entry into the country, the beginning of their investment process, and obtaining residence in Spain.

This way, Spain increases the incentives for business investment in the country, to attract foreign investment from non-EU citizens.

María Valencia

For additional information,

Please note that this article is not intended to provide legal advice.

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