Spain’s Entrepreneur Visa: The 2023 Guide for applying
What is a Spanish entrepreneur visa?
Do you have a great business idea that you want to bring to Spain? If so, you may be eligible for an entrepreneur visa. This visa allows you to live and work in Spain while you start or grow your business.
To qualify for an entrepreneur visa, you must meet the following requirements:
You must be a non-EU citizen.
You must have a business plan that is innovative and has the potential to create jobs in Spain.
You must have sufficient financial resources to support yourself and your family while you start your business.
You must be able to speak Spanish at a basic level.
If you meet these requirements, you can apply for an entrepreneur visa at the Spanish consulate in your home country. The application process can take several months, so it's important to start early.
Once your visa is approved, you will be able to live and work in Spain for three years. During this time, you will need to make sure that your business is successful and that you are contributing to the Spanish economy. If your business is successful, you may be able to apply for permanent residency in Spain.
So what are you waiting for? Start planning your entrepreneurial journey to Spain today!
Here are some additional tips for applying for an entrepreneur visa:
Do your research. Make sure you understand the requirements for the visa and that your business plan meets the criteria.
Get help from a professional. There are many immigration lawyers and consultants who can help you with the application process.
Be patient. The application process can take several months, so don't get discouraged if it takes a while.
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Making a Business Plan
If you want to apply for an entrepreneur visa in Spain, you need to have a great business idea. The law that regulates entrepreneur visas in Spain says that your business idea must be original, generate revenue in Spain, and create jobs.
Your business idea must be original. This means that it cannot be something that already exists in Spain. It should be something new and innovative.
Your business idea must also generate revenue in Spain. This means that you need to have a plan for how your business will make money. You need to show that your business has the potential to be successful.
Finally, your business idea must create jobs. This means that your business must create opportunities for people to work. You need to show that your business will employ people in Spain.
If you can show that your business idea meets all of these requirements, you will be more likely to be approved for an entrepreneur visa in Spain.
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Here are some additional tips for coming up with a great business idea for an entrepreneur visa:
Do your research. Look for a business idea that is in demand in Spain.
Be creative. Don't be afraid to think outside the box.
Be passionate. You need to be passionate about your business idea in order to be successful.
Documents required for an entrepreneur visa
National visa application form, completed and signed by the applicant.
Valid passport with at least two blank pages and a validity period of one year.
Passport-sized color photograph.
Proof of payment of the visa application fee.
Proof of financial resources, such as bank statements, investment statements, or other documentation that shows that the applicant has enough money to support themselves and their family while they start their business in Spain.
A business plan that describes the applicant’s business idea in detail, including how it will be profitable and how it will create jobs in Spain.
A document from the Commercial Office confirming that the applicant’s business idea has been accepted.
The Commercial Office is a government agency that evaluates business ideas to see if they are economically important to Spain.
Creating Your Personal Profile
Your professional profile is one of the most important factors that the Spanish authorities will consider when evaluating your application for an entrepreneur visa. This is because they want to see that you have the skills and experience necessary to successfully start and run a business in Spain.
To demonstrate your professional profile, you will need to provide the following information:
Your educational background: This should include your highest level of education, as well as any relevant coursework or training.
Your professional experience: This should include a list of your previous jobs, as well as your job titles and responsibilities.
Your skills and abilities: This should include a list of your hard skills (such as technical skills) and soft skills (such as communication and teamwork skills).
Your motivation for starting a business in Spain: This should explain why you are interested in starting a business in Spain and what you hope to achieve by doing so.
The more experience, skills, and abilities you can demonstrate, the stronger your professional profile will be. This will make you a more competitive applicant for an entrepreneur visa in Spain.
Building Your Business Plan
Sure, here is the rewritten text about the business plan strategy for an entrepreneur visa application in Spain:
Your business plan is one of the most important factors that the Spanish authorities will consider when evaluating your application for an entrepreneur visa. This is because they want to see that you have a sound business plan that has a good chance of success.
Your business plan should include the following sections:
Executive summary: This should provide a brief overview of your business idea, the market you are targeting, and your financial projections.
Market analysis: This should provide an in-depth analysis of the market for your product or service, including the size of the market, the growth potential, and the competitive landscape.
Product or service description: This should provide a detailed description of your product or service, including its features, benefits, and pricing.
Marketing plan: This should outline your strategy for reaching your target market and generating sales.
Financial projections: This should provide a detailed forecast of your revenue, expenses, and profits.
Management team: This should introduce the members of your management team and their qualifications.
The more detailed and well-written your business plan is, the more likely it is to be approved by the Spanish authorities.
Here are some additional tips for writing a strong business plan for your entrepreneur visa application:
Be realistic about your chances of success.
Use data and evidence to support your claims.
Be clear and concise.
Proofread your work carefully.
In addition to the required documents, there are a few other things that you can add to your application that will help increase your chances of approval. These include:
Letters of support from investors, business angels, or other individuals who believe in your business idea.
Letters from customers who have purchased your product or service (or a prototype).
Letters from prospective customers who are interested in buying your product or service.
Any other documentation that validates your business concept and demonstrates its potential for success.
For example, if you are developing a new technology, you could provide a copy of your patent application or a research paper that demonstrates the feasibility of your idea. If you are starting a new restaurant, you could provide a copy of your menu, floor plan, or marketing materials.
The more evidence you can provide that supports your business idea, the more likely it is that your application will be approved.
The Process of Applying for Entrepreneur Visa
To apply for an entrepreneur visa from outside Spain, you need to submit all the required documents online through the electronic headquarters of Unidad de Grandes Empresas (UGE).
The required documents include:
National visa application form, completed and signed by the applicant.
Valid passport with at least two blank pages and a validity period of one year.
Passport-sized color photograph.
Proof of payment of the visa application fee.
Proof of financial resources, such as bank statements, investment statements, or other documentation that shows that the applicant has enough money to support themselves and their family while they start their business in Spain.
A business plan that describes the applicant’s business idea in detail, including how it will be profitable and how it will create jobs in Spain.
You will be granted a visa that will allow you to travel to and enter Spain during your visit.
After you have created your business plan, you need to submit it to the General Directorate of Foreign Trade and Investment.
The submission of applications and documents, as well as the review of notifications in the Ministry of Employment and Social Security’s electronic headquarters, must be done using a digital certificate.
You will be notified if your business plan has been approved or denied after 10 days.
If your business plan is approved, you can travel to Spain to receive your residence card.
If you are in Spain:
You can apply for an entrepreneur visa directly from Spain in conjunction with your visitor’s visa.
The required documents include:
National visa application form, completed and signed by the applicant.
Valid passport with at least two blank pages and a validity period of one year.
Passport-sized color photograph.
Proof of payment of the visa application fee.
Proof of financial resources, such as bank statements, investment statements, or other documentation that shows that the applicant has enough money to support themselves and their family while they start their business in Spain.
A business plan that describes the applicant’s business idea in detail, including how it will be profitable and how it will create jobs in Spain.
You need to submit the documents to the Large Business Units in Madrid.
The administration will have a period of twenty days to review your entrepreneur visa and decide how to proceed with your application.
If your application is approved, you will need to schedule an appointment with the immigration office in order to have your fingerprints registered.
If you are already residing in Spain legally:
You can apply for a resident card instead of a visa.
The required documents are the same as for the entrepreneur visa.
You need to submit the documents to the Ministry of Economic Affairs.
The administration will have a period of twenty days to review your application and decide how to proceed.
If your application is approved, you will receive a resident card.
FAQ about Spain's entrepreneur visa
How do I renew my entrepreneur visa in Spain?
To renew your entrepreneur visa in Spain, you need to show that your business is still good for the Spanish economy and that it is still creating jobs. You can do this by providing the following documents:
A copy of your business registration certificate.
Financial statements for the past year.
Proof of employment for any new employees you have hired.
A letter from a government agency or business organization that supports your business.
You can submit these documents to the Spanish immigration authorities at least 60 days before your visa expires. The authorities will review your documents and decide whether to renew your visa. If your visa is renewed, you will be allowed to stay in Spain for another 2 years.
Here are some additional things to keep in mind:
The exact requirements for renewing your entrepreneur visa may change, so it is important to check with the Spanish authorities for the latest information.
You may also need to pay a fee to renew your visa.
If your business is not doing well, you may not be able to renew your visa.
What if my entrepreneur visa application gets rejected?
If your entrepreneur visa application gets rejected, there are a few things you can do:
Submit an immigration appeal. You can appeal the decision if you believe that your application was denied incorrectly. However, this process can take several months, so it is important to weigh the pros and cons before deciding to appeal.
Reapply for the visa. You can start the application process over again. This is a good option if you believe that you can improve your chances of getting the visa the second time around.
Apply for a different type of visa. There are other types of visas that allow you to start a business in Spain. For example, you could apply for a work visa that allows you to engage in self-employment.
The best way to decide what to do after your entrepreneur visa application gets rejected is to consult with an immigration lawyer. They can help you understand your options and choose the best course of action for your situation.
Here are some additional things to keep in mind:
The reasons why your visa application might be rejected include:
Your business idea is not original enough.
You do not have enough financial resources to support yourself and your business.
You do not have the necessary skills and experience to start a business in Spain.
The exact requirements for the entrepreneur visa may change, so it is important to check with the Spanish authorities for the latest information.