The Spanish Government published the “Law 14/2013 on Support to entrepreneurs and their internationalization” which created a new type of visa and residence permit for investors. This law enables non-EU nationals to get qualified residency permits in return for investing in Spanish real estate (and other assets), leading to long-term residency in Spain if certain conditions are fulfilled.
By investing 500,000 € as minimum in real estate market, you will gain the SPANISH RESIDENCY, and the ability to travel freely in the European Schengen area (for 90 out of every 180 days), will be a major attraction for many non-EU investors. Added to which, Spanish property prices have crashed into bargain territory, creating some excellent investment opportunities. It’s an attractive combination of residency and bargain prices for investors from outside the EU.
Spain has become one of the greatest European hubs for worldwide entrepreneurs to start their projects. Great international talent, the availability of all the resources you may need and perfect weather conditions makes the Spanish territory one of the best options if you want to succeed in business. Moreover, things are even better if we incorporate immigration. Why? Because setting up your company in Spain can grant you a Spanish resident permit easily.
The entrepreneur visa is a residence permit that allows you to live in Spain during a two-year period provided that you start a project in the country that goes in line with the general interest of the Spanish economy. That means your Idea should:
A) Create employment opportunities,
B) Be innovative and enhance the socio-economic development of Spain, and
C) Create investment opportunities.
Unlike in many countries, there is no upfront investment needed. No minimum capital amount to pay beforehand. One of the easiest ways to get your residence permit in Spain is through the entrepreneur visa. And it’s as simple as setting up your company in the country.
The non-lucrative residency permit allows you to stay in Spain for a period of 1 or 2 years (as it is a temporary residency authorization), plus renewals. The first and the second renovation last for 2 years. And at the time of applying for the third one, you can apply for the long-term residency in Spain. In case you apply for the long-term residency, you should renovate every 5 years.
As it has a non-profit nature, it does not allow you to engage in any professional activity or employment, for that, having sufficient means for a living will be the only thing you should worry about. If you can prove that you have sufficient funds and that your stay in the country won’t induce into any government expenditure, you will be eligible for the permit.
Due to its easiness of application, it is one of the permits we recommend you to apply for. Why? The lack of need to invest in the country or to fulfill other requirements makes it something simple to acquire.