Are you an aspiring entrepreneur dreaming of launching your innovative business in Spain? The Spanish Entrepreneur Visa, also known as the Startup Visa, could be your golden ticket. This visa, designed for non-EU citizens, is a vital component of Spain's commitment to fostering global entrepreneurial talent. Let's dive into the details of this exciting opportunity.
Understanding the Entrepreneur Visa
The Entrepreneur Visa is a three-year residence permit for non-EU citizens who wish to develop a unique and innovative business in Spain. It's essentially a self-employment visa, focusing on creative and groundbreaking projects.
Key Requirements of the Visa
To be eligible for the Entrepreneur Visa under Law 14/2013:
- Innovative Business Idea: Your business must be innovative, ideally with a strong technological component, such as algorithms or complex logistics operations. It should significantly differ from existing market offerings
- Special Economic Interest: The proposed company should hold special economic interest for Spain, potentially generating wealth and employment in the future
- Professional and Academic Profile: Applicants must demonstrate sufficient training and qualifications to develop their business idea. This includes showcasing your educational background, professional experience, and motivation behind the business
The Application Process
The application can be initiated either from your home country or from within Spain. If applying from your home country, you submit the documentation to the Spanish consulate. Alternatively, you can apply directly in Spain, which can simplify the process. The administration typically takes 20 days to review your application, after which you'll need to register your fingerprints at the immigration office and eventually collect your physical residence card.
Document Checklist
When applying, ensure you have the following:
- A valid passport
- Private medical insurance contracted with a Spanish company
- A criminal record certificate from countries you've resided in for the last five years
- Proof of sufficient funds to support yourself and your business
- A favorable report validating your business idea
- Proof of payment for the relevant fee
- The completed application form
Renewing the Visa
After three years, you can renew the visa for an additional two years. This renewal process involves demonstrating the performance of your business and projecting its future viability. The renewal application should be submitted between 60 days before and 90 days after the expiration of the initial card.
Conclusion
The Spanish Entrepreneur Visa opens a world of possibilities for innovative thinkers looking to make their mark in Spain. With a focus on unique business ideas and economic contribution, it's an attractive option for aspiring entrepreneurs worldwide. At Spain Costas, we're here to guide you through every step of this exciting journey, helping you turn your entrepreneurial dreams into a Spanish reality.