The entrepreneur visa authorizes the holder to create his own company. It is valid for three years, with the possibility of renewal if all the requirements for the initial application are met.
Requirements to apply for the entrepreneur visa.
The entrepreneur visa is a permit with quite demanding requirements, since your company must be attractive for the Spanish economy, have some technological component, and create investment opportunities both national and foreign.
In addition, although no specific number of workers has been established to start it up, in the long term it must generate employment.
Advantages of the entrepreneur visa
- No initial investment is required.
- Freedom of movement within the countries that form the Schengen zone.
- It is not necessary to apply in person. You can do it through a legal representative.
- Although it will be valued that your project generates employment, the Commercial Office will not reject your application if you start on your own. In addition, you can renew even if you have not hired anyone else during the first few years.
- You can apply for a visa for your family. You may bring your parents, spouse, and children under 18 or over 21 if they are dependents.
Documents to apply for the entrepreneur visa.
- Application form
- Corresponding fee
- Valid passport
- Copy of the TIE
- Academic or professional training
- Medical insurance with national coverage
- Proof of financial means
- Criminal record certificate.
- Favorable report of your business plan. It is issued by the Economic and Commercial Office of the Spanish Embassy.
- Business Plan. It is the most important document to apply for the entrepreneur visa. It must include an analysis of the product or service, as well as a financial analysis, a market study, specific sources of financing and economic projection.
You may be wondering what is the difference between the residence and self-employment authorization and the entrepreneur visa?
The residence and self-employment authorization are also a visa with demanding requirements. The difference with the entrepreneur visa is that the self-employed work permit is applied for to set up a common business or company. It is not necessary that it has a technological component, much less that the business idea is innovative.
The entrepreneur visa is within the framework of Law 14/2013, on Support for Entrepreneurs and their Internationalization, which aims to create a favorable environment for economic activity, foster entrepreneurial culture, and attract foreign investment and talent to promote economic growth and employment.
Would you like to have your own company in Spain? Do you think your project is innovative for the Spanish economy? In Duguech&Dip we can help you with the visa procedures and with the feasibility study, financial forecast, and profitability. Give us a call.
Since legal advice must be tailored to the specific circumstances of each case, and laws are constantly changing, nothing on this article should be used as a substitute for the advice of competent legal counsel. The content on this article is offered only as information. And does not constitute solicitation or provision of legal advice. You should always consult a suitably qualified lawyer regarding any specific legal problem or matter.
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