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Entrepreneur
This visa is for those foreigners who would like to apply to enter Spain or who, being holders of a stay or residence permit or visa, intend to start, develop or direct an economic activity as an entrepreneur. This may be provided with a residence permit for business activity, which will be valid throughout the national territory.
The following family members of the entrepreneur may also obtain the Visa:
· The spouse or unmarried partner.
· Children and adult children who are financially dependent on the worker and who have not created a family unit of their own.
· Relatives in the ascending line in the worker’s care.
What is the essential thing about this Entrepreneur Visa?
In order to get a Entrepreneur Visa, you need to have a Business Plan about the entrepreneurship you are willing to start. The main thing is to prove that the proposal has an innovative character with special economic interest for Spain.
For that you must have a favorable report from the competent body of the General Administration of the State.
For the assessment, the creation of jobs in Spain will be taken into account especially and as a priority.
The following shall also be taken into account:
a) The professional profile of the applicant.
b) The business plan, including market, service or product analysis, and financing.
What is this Business Project and what information do I need to add in it?
Basically, your Business Plan should contain:
1. A description of the professional activity and analysis of the product or service you are going to market (what it consists of, how it is an innovation for the country, etc.)
2. A market analysis in relation to the project to be developed, as well as the main competitors.
3. A financial projection and financing channels.
4. Different marketing and merchandising strategies you intend to use.
5. The impact that your business will have for the Spanish economy (you should quantify it as far as possible), as well as the number of jobs you expect to generate and a description of them.
What are the other requirements for this Entrepreneurs Visa?
Applicants must meet the specific requirements for this visa, and also a number of general requirements:
a) Not be irregularly in Spanish territory.
b) Be over 18 years of age.
c) Lack of criminal record in Spain and in the countries where he has resided during the last five years, for crimes provided for in the Spanish legal system.
d) Not appear as rejectable in the territorial space of countries with which Spain has signed an agreement in this regard.
e) Have public insurance or private health insurance arranged with an insurance company authorized to operate in Spain.
f) Have sufficient economic resources for themselves and their family members during their period of residence in Spain.
g) Pay the fee for processing the authorization or visa.
One of the great advantages of this residence is the double application option:
- On the one hand, you can apply directly from Spain while holding a tourist Visa or a residence permit,
- And, on the other hand, you can apply at the Spanish Consulate in your country of origin.
