Residence Program for Entrepreneurs

On September 27, 2013, the Law to support entrepreneurs and their internationalization was approved, which introduced a new framework for qualified immigration, which favors the international mobility of highly qualified professionals and is intended to attract talent and investment. foreign.

Entrepreneurs – Foreigners not residing in the EU who are going to carry out the previous procedures to be able to develop an entrepreneurial activity or to start, develop or direct an economic activity as an entrepreneur in Spain can apply for a visa or residence authorization.

Types of permits
Visa: when the applicant is outside of Spain, he will obtain a 1-year permit to reside and work throughout the national territory.
Residence authorization: when the applicant is legally in Spain, he will obtain a 2-year permit to reside and work throughout the national territory.
Where to submit the residence application?
Visa: In Diplomatic Missions and Consular Offices – Embassies and Consulates -.

Residence authorization: in the Large Companies and Strategic Groups Unit. UGE-CE
Necessary documents
General documents: consult General Information.
Specific documents for entrepreneurs: (*)

The professional profile of the applicant, their training and professional experience, as well as their involvement in the project. In the event that there are several partners, the participation of each of them will be evaluated, both those who request a visa and those who do not require it.
The business plan, at least, with the following elements:
Description of the project: business activity to develop, start date, location, expected legal form of the company, potential economic impact of the investment, description of the number of jobs that are estimated to be created and their functions and qualifications, activities planned promotion and sales strategy.
Description of the product or service: the description will be detailed and will include the innovative aspects.
Market analysis: market assessment and expected evolution, description of possible competitors, assessment of potential consumers, and supply and demand analysis.
Financing: required investment, sources of financing and financial plan.
The added value for the Spanish economy, innovation or investment opportunities.
(*) In the case of visas, you must obtain the favorable report prior to the visa application.

Where to request the Entrepreneur Report?
Visa: In the Economic and Commercial Office in the area of ​​the geographical demarcation where the investor submits the visa application. Application form.
Residence authorization: in the Large Companies and Strategic Groups Unit. UGE-CE

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