Applying for an Entrepreneur Visa
Everything you Need to Know
The Entrepreneur Visa is for non-EU nationals wishing to start an innovative business in Spain. It requires an approved business plan, financial proof, and health insurance.
What is it?
Understanding the Entrepreneur Visa
The Entrepreneur Visa, or Entrepreneur Residency Permit, allows non-EU nationals to establish or invest in innovative businesses in Spain. This visa, part of the “Ley de Emprendedores,” is tailored for projects that contribute to the Spanish economy through job creation, technological innovation, or socio-economic growth. It provides a streamlined residency process, making it an excellent option for aspiring entrepreneurs.
Key Requirements
Who Qualifies for the Entrepreneur Visa?
To be eligible, applicants must meet the following criteria:
- Innovative Business Plan: A viable project that benefits Spain’s economy through innovation, job creation, or technological advancement.
- Approval from Authorities: Business plans must be approved by the Directorate-General for International Trade and Investment or a relevant economic agency.
- Financial Resources: Proof of sufficient funds to sustain the business and cover personal living expenses.
- No Criminal Record: Clean criminal history in Spain and other countries of residence in the past five years.
- Health Insurance: Valid insurance covering the duration of the stay.
- No Illegal Residency: Applicants must not have previously resided illegally in Spain.
Benefits
Why Choose the Entrepreneur Visa?
The Entrepreneur Visa offers several advantages:
- Residency for Family: Extend your visa to your spouse and dependent children.
- Fast-Track Processing: Applications are processed quickly, typically within 10–20 days.
- Work Rights: Permission to work within your business in Spain.
- Renewals and Long-Term Residency: The initial visa is valid for one year and can be renewed as long as the business is progressing. After five years, permanent residency may be granted.
- Schengen Area Travel: Visa holders can travel freely within the Schengen Zone for up to 90 days in a 180-day period.
Application Process
How to Apply for the Entrepreneur Visa
The process involves two main steps:
- Business Plan Approval: Submit your plan to the relevant Spanish authority for evaluation.
- Visa Application: Once approved, apply for the visa at the Spanish consulate or embassy in your home country.
Processing times are typically between 10 and 20 days, offering a quick path to residency compared to other visa types.
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