Residency Program for Investors and Entrepreneurs (PRIE). Attraction of talent, investment and foreign entrepreneurship

 

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.

Normative
The program establishes an agile and specific system for granting visas or residence authorizations, preserving the guarantees that are essential for the security of our society, with the following objectives:

Promote an entrepreneurial culture and create a favorable environment for economic activity.
Facilitate the entry of talent and investment in order to promote economic growth and job creation.
For this, the Law facilitates the entry and residence in Spain, for reasons of economic interest, of the following categories:

Investors
Entrepreneurs
Highly Qualified Professional
R + D + i training
Business Transfer

General information

Types of permits
Visa: when the applicant is outside of Spain.
Residence authorization: when the applicant is legally in Spain.
Duration of permits
Visa: 1 year, after which they must request a residence permit.
Residence authorization: 2 years.

¿Where?

  • Visa: In the Diplomatic Missions and Consular Offices of Spain.
  • Embassies and Consulates
  • Residency permit: in the UGE –  Unidad de Grandes Empresas y Colectivos Estratégicos. UGE-CE

Documents

 

General documents:
Passport or NIE. The applicant must be over 18 years of age.
Public or private health insurance.
Criminal record. Have no criminal record in Spain and in the countries where you have resided in the last 5 years.
Accreditation of sufficient financial means for themselves and for the members of their family during their period of residence in Spain.
Specific documents for each category: Consult each category.

Who submits the application?
In the case of investors and entrepreneurs, the interested party or a duly accredited representative.
In the case of highly qualified professionals, training and R + D + i and intra-company transfer, the legal entity that wants to hire abroad.

Can it be renewed?
The renewal of a residence permit may be requested, provided that the initial conditions are maintained, for a period of:

 

  • Five years for the investor category.
  • Two years for the rest of the categories.

Can family members accompany?
Family members may request, simultaneously or successively, the visa or residence authorization:

The spouse or person with an analogous emotional relationship.
Minor or older children who are financially dependent on the owner and who have not constituted a family unit by themselves.
Ancestors in charge.

Advantage
The beneficiary of the permits obtained under Law 14/2013, and his family members may:

Work and reside throughout the national territory.
The National Employment Situation does not apply.
The presentation of the application for residence or renewal authorization before the UGE-CE automatically extends the validity of the residence or stay situation of which it was the holder.
Faster times to resolve:
Visas: 10 business days
Residence authorizations: 20 business days

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