The residency visa for investors and entrepreneurs in Spain is a gateway to a country with a vibrant business environment and a good quality of life.
For those who wish to invest in the country or start a business project, this visa can be the first step towards establishing themselves in Spain.
In this comprehensive guide, we will provide you with an overview of the procedures and requirements necessary to obtain the residence visa for investors and entrepreneurs in Spain.
Types of visas for investors and entrepreneurs
Before diving into the details of the process, it is important to understand the types of visas available for investors and entrepreneurs in Spain:
- Residence visa for investors: Aimed at capital investors who make an initial investment of at least €2.000.000 in Spanish public debt securities or at least €1.000.000 in shares or social participations of Spanish companies with real economic activity, in investment funds, closed investment funds, venture capital funds or bank deposits in Spanish financial institutions.
- Residence visa for entrepreneurs: Aimed at investors who present a business project classified as of general interest in Spain, as well as those who plan to enter and remain in the country for a year with the main purpose of carrying out the necessary procedures to undertake a business activity.
- Residence visa for acquiring property in Spain: Aimed at foreign individuals who can demonstrate the purchase of real estate in Spain for a value equal to or greater than €500.000. The applicant must demonstrate that he holds the investment free of any encumbrance or encumbrance. The part of the investment that exceeds the required amount may have some type of charge or encumbrance.
General visa requirements
The national visa process requires the following documents and requirements:
- National visa form: Download, complete, and sign the national visa form from the official website Link to national visa form.
- Passport type photo: Please provide a recent photograph with a white background. Please note that the Consulate does not accept digitally retouched photographs.
- Valid passport: Present your valid passport or travel document recognized as valid in Spain. Make sure the passport is valid for at least one year and contains at least two blank pages. Also attach a photocopy of the passport biographical sheet, as well as all pages with additional information, such as stamps, visas and annotations.
- Criminal record: If you are 18 years old or older, please present a criminal record certificate. This certificate must be issued by the country or countries where you have resided in the five years prior to submitting the visa application. Make sure the certificate is not older than 3 months, unless it indicates a different expiration date. For UK criminal records, please present the ACRO certificate. The certificates must be legalized by the consular representations of the issuing country or have the Hague Apostille if the country is a signatory of the Hague Convention of October 5, 1961. In addition, a sworn translation into Spanish is required.
- Economy ways: You must demonstrate the availability of sufficient financial means to cover the expenses of your stay during your period of residence in Spain, including those of your family members if applicable. The amounts vary depending on the visa category:
- For entrepreneurs, 100% of the IPREM (Multiple Effects Public Income Indicator) is needed monthly for self-support. For family members, an additional percentage of the IPREM is required depending on the number of people in the family unit.
- For investors, 400% of the IPREM is required monthly for the applicant and 100% of the IPREM for family members.
- Health insurance: You must have public or private health insurance with an insurance company authorized to operate in Spain. The insurance must be valid for at least one year.
- Visa fee: Pay the corresponding visa fee at the Consulate on the day your application is accepted.
Meeting these requirements will ensure a more effective and satisfactory visa application process.
Procedure for obtaining a visa
The procedure for obtaining a residence visa for investors and entrepreneurs may vary depending on the type of visa.
Below we provide a general summary of the process:
- Visa application: You must submit an application to the Spanish consulate or embassy in your country of origin.
- Documentation and testing: Accompany your application with the required documentation, which will include proof of investment or the business plan, depending on the type of visa.
- Visa Resolution: Once your application is approved, you will receive the visa resolution.
Importance of legal advice
Without a doubt, obtaining the Residence Visa for Investors and Entrepreneurs is a process that entails multiple challenges and requires a deep understanding of the specific requirements.
RRYP Global, as a law firm expert in immigration law, our team of lawyers is here to provide you with the legal advice necessary to deal with this process effectively.
We invite you to contact us today so we can help ensure you meet all requirements and provide you with the guidance you need at every stage of this journey.
Our commitment is to facilitate your path towards obtaining a visa and the realization of your projects in Spain.
RRYP Global lawyers specializing in immigration law.
Don't hesitate to contact us and take the first step towards your future in Spain!
+ 34 957 858 952 / [email protected]
Conclusion on residence visa for entrepreneurs and investors
The residency visa for investors and entrepreneurs in Spain is an exciting opportunity for those who wish to invest in the country or undertake business projects.
However, it is crucial to understand the specific requirements and procedures depending on your situation.
If you are considering applying for this visa, seeking specialized legal advice can make the process clearer and more effective.
Do not hesitate to seek the help of an immigration lawyer to ensure that everything is done legally and successfully on your path to residency in Spain as an investor or entrepreneur.
