Spain: Startup Visa and Residence Permit for Business

Spain offers an attractive opportunity for entrepreneurs wishing to establish an innovative business through the "Startup Visa" program. This visa not only facilitates the launch of a business but also grants a residence permit for three years, with the possibility of renewal. In this guide, we explain the key aspects of the startup visa, eligibility requirements, and the application process.

Who Can Apply?

The startup visa is available to foreign entrepreneurs and key members of their project team who aim to establish a business that provides innovative value and benefits the Spanish economy.

Main Requirements for the Startup Visa

To qualify for the startup visa, applicants must meet the following criteria:

Innovative Nature of the Project:

The startup must introduce new technologies, products, or services.
Business Plan:

A comprehensive business plan that demonstrates the economic and social benefits of the project is required. The plan must include funding sources and potential growth opportunities.
Financial Stability:

Applicants need to provide proof of sufficient funds to start and sustain the project during its initial stages.
Professional Experience:

Founders must present their qualifications and relevant experience in the industry of the startup.
Project Evaluation:

The project must be evaluated and approved by Spanish authorities or incubators to confirm its innovative character and potential contribution to the economy.

Benefits of the Startup Visa

The startup visa provides several advantages to foreign entrepreneurs, including:

Access to the European Market:

The ability to operate within one of the largest markets in the world.
Favorable Investment Environment:

Spain offers a supportive ecosystem for attracting investors and growing innovative businesses.
Family Residence:

Family members of the main applicant are also eligible for residence permits.
Path to Citizenship:

After five years of continuous residence, applicants may qualify for permanent residency and eventually Spanish citizenship (after 10 years).

Application Process

1

Document Preparation:

Applicants must prepare the necessary documents, including a detailed business plan, CVs of all key team members, and financial documentation.
2

Submit the Application:

The application must be submitted to the Spanish consulate in the applicant’s country of residence or directly in Spain.
3

Project Approval:

The project will be evaluated by Spanish authorities to assess its innovative character and economic impact.
4

Visa Issuance:

Upon approval, the startup visa will be issued, allowing the entrepreneur and their team live and work in Spain and start the business project.

Initial Residence Permit

The initial residence permit for the startup visa is granted for three years, with the possibility of renewal if the project demonstrates progress and remains viable.

Renewal and Permanent Residency

After the initial three-year residence permit, holders may apply for renewal (for 2 years). Permanent residency is available after five years of continuous residence, providing a path to Spanish citizenship.

Our Services and Fees

We offer comprehensive assistance throughout the entire visa process, from preparing the business plan to submitting the application and following up on progress.

Business Plan Drafting:

€1,000
Startup Visa Application for Main Applicant:

€2,000
Each Additional Family Member:

€550

Other Options

Don’t have a business project or think this is not the right path for you? Spain offers multiple programs to obtain a residence permit, such as the Digital Nomad Visa, Investor Visa, Student Visa, and more.

Contact Us

Not sure if you’re eligible? Need more info on a visa? Contact our expert directly to get all the answers.
Email: vl@red-bishops.com
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