Entrepreneur Visa — Spain

Is the Entrepreneur Visa Right for You?

Are you dreaming of launching a business in Spain and need a pathway to make it happen? The Entrepreneur Visa offers an exciting opportunity for non-EU citizens who wish to establish a company in Spain, facilitating your entry and residence in this vibrant country. This guide is specifically designed for ambitious entrepreneurs eager to transform their innovative ideas into reality on Spanish soil.

Who Should Consider This Guide?

This guide is tailored for those who are considering applying for the Entrepreneur Visa in Spain. If you're a visionary aiming to start a new business venture or expand an existing one into the Spanish market, this comprehensive resource is crafted with your needs in mind. Entrepreneurs will find this guide particularly useful if they are looking to navigate the complexities of Spanish immigration law and understand the specific requirements of the Entrepreneur Visa.

When to Use This Guide

The best time to utilize this guide is when you have a well-defined business plan ready for implementation in Spain and are exploring your visa options. Whether you're at the initial stages of planning or ready to set your plans in motion, this guide will help you understand the processes involved, from gathering necessary documents to meeting financial requirements. You can also compare the Entrepreneur Visa to other options like the Golden Visa, which might suit different aspects of your goals.

Related Considerations

While focusing on the Entrepreneur Visa, it's valuable to explore other related avenues, such as the Self Employment Visa if your business model aligns more with independent work. Additionally, understanding the Financial Requirements for different visas can provide clarity on what you need to prepare financially to support your business venture in Spain.

This guide aims to be your go-to resource for understanding the Entrepreneur Visa, helping you to step confidently towards your goal of establishing a successful business in Spain.

What is the Entrepreneur Visa?

The Entrepreneur Visa is a special residence permit available in Spain, designed to attract foreign entrepreneurs looking to establish innovative business ventures. This visa is part of Spain’s broader initiative to foster economic growth and innovation within the country. By facilitating easier entry for entrepreneurial talents from around the world, Spain aims to bolster its economy through the attraction of new businesses and the creation of jobs.

Who Can Apply?

To be eligible for the Entrepreneur Visa, you must plan to either start a new business in Spain or significantly contribute to an existing one. The business idea should be innovative and economically viable, contributing positively to Spanish society and economy. Here are some key eligibility criteria:

• Innovative Business Plan: Your business proposal should be innovative, with a clear strategy for economic impact.
• Financial Means: You must demonstrate sufficient financial resources to support yourself and your enterprise.
• Relevant Experience: Having a background or expertise in your proposed field can bolster your application.

Key Features of the Entrepreneur Visa

The Entrepreneur Visa offers several benefits that make it an attractive option for aspiring business owners:

• Initial Stay: A residence permit is typically granted for up to two years, with the possibility of renewal.
• Family Inclusion: You can bring family members along, allowing them to live and work in Spain.
• Fast-Track Process: The application process is designed to be quicker than other visa types, reflecting the urgency of business initiatives.
• Access to EU Market: Establishing a business in Spain opens doors to the broader European Union market.

How Does It Compare to Other Visas?

When considering the Entrepreneur Visa, it's useful to compare it with other similar options:

Each of these visas serves different needs, so carefully consider which aligns best with your goals. For a detailed comparison between the Golden Visa and Entrepreneur Visa, refer to the Golden Visa Vs Entrepreneur guide.

Steps to Apply

While the process can vary based on individual circumstances, generally, the steps are as follows:

1. Develop a Business Plan: Highlight innovation, market analysis, and financial projections.
2. Gather Required Documents: Include evidence of financial means, business plan, and relevant qualifications.
3. Lodge Your Application: Submit through the appropriate Spanish consulate or embassy.

For a detailed list of documentation, check the Documents Checklist.

Conclusion

The Entrepreneur Visa is a gateway to establishing your business in Spain, providing opportunities not only for personal growth but also for contributing to the Spanish economy. Whether you’re drawn by the promise of innovation or the allure of the European market, this visa can be an ideal choice for entrepreneurs with a vision. For financial specifics, consult the Financial Requirements guide to ensure you meet the necessary criteria.

Who Qualifies for the Entrepreneur Visa?

To apply for an Entrepreneur Visa in Spain, you need to meet specific criteria that demonstrate your potential to contribute to the Spanish economy through innovative business activities. Here are the key qualifications:

• Innovative Business Plan: You must have a business plan that outlines an innovative entrepreneurial activity. This plan should demonstrate your business's potential for economic growth and job creation in Spain.

• Economic Impact: Your business should have a potential significant impact on the Spanish economy. This includes the creation of new jobs and contribution to local development.

• Professional Experience: You should have relevant experience and qualifications that align with your proposed business venture. This includes any prior entrepreneurial activities or industry-specific expertise.

Key Requirements for the Entrepreneur Visa

Before lodging an application for the Entrepreneur Visa, ensure you fulfill the following requirements:

• Financial Resources: You must demonstrate that you have sufficient financial resources to support yourself and your business in Spain. For more details on financial expectations, you can refer to the Financial Requirements guide.

• Business Plan Evaluation: Your business plan needs to be evaluated and approved by the Spanish Economic and Commercial Office. This evaluation confirms whether your business is innovative and economically viable.

• Non-EU National: The Entrepreneur Visa is primarily aimed at non-European Union nationals who wish to establish a business in Spain.

Prerequisites for Application

Prepare the following prerequisites to enhance your eligibility for the Entrepreneur Visa:

• Business Viability Assessment: Obtain a positive report from the Spanish Economic and Commercial Office. This report assesses the innovative nature and viability of your business.

• Health Insurance: Secure comprehensive health insurance that covers you during your stay in Spain.

• No Criminal Record: Provide a certificate showing you have no criminal record in your current country of residence and any other countries where you have lived in the past five years.

• Residency Status: Ensure that you are not residing illegally in Spain at the time of application.

For a detailed checklist of the required documents, visit our Documents Checklist guide. Additionally, if you're comparing this visa to similar options, you might find it helpful to review the Golden Visa Vs Entrepreneur guide.

Step-by-Step Process for the Entrepreneur Visa in Spain

Embarking on the journey to obtain an Entrepreneur Visa in Spain involves several structured steps. Below is a detailed walkthrough to guide you through this process.

1. Understand Eligibility Criteria

   Before proceeding, ensure you meet the eligibility criteria for the Entrepreneur Visa. This typically includes demonstrating a viable business plan that contributes to Spain's economic development, innovative technology, or social impact. Additionally, you must prove sufficient financial resources to support yourself and your business.

2. Prepare Your Business Plan

   The business plan is a crucial document that outlines your business idea, market analysis, financial forecasts, and potential impact on the Spanish economy. It must be comprehensive and persuasive to convince the authorities of its feasibility and your capability to execute it.

3. Gather Required Documents

   Collect all necessary documents to support your application. These may include:

   • Valid passport
   • Business plan
   • Proof of financial means
   • Health insurance
   • Criminal record certificate
   • Any additional documents requested by the State Secretariat for Migration

   For a full list of documents, refer to the Documents Checklist.

4. Lodge Your Application

   Submit your application through the appropriate Spanish consulate or embassy in your country of residence. Depending on your location, you may need to schedule an appointment in advance. Ensure all documents are correctly prepared and translated into Spanish if necessary.

5. Attend an Interview

   You may be required to attend an interview as part of the application process. During this interview, you will need to discuss your business plan and answer questions about your intentions in Spain. Be prepared to elaborate on your business's potential benefits to the Spanish economy.

6. Await Decision

   The processing time for the Entrepreneur Visa can vary. As of 2026, expect a waiting period of several weeks to a few months. Keep in mind that processing times can change, so it's advisable to verify on the official website for the most current timelines.

7. Enter Spain and Register Your Business

   Upon receiving your visa, travel to Spain and begin the process of registering your business. This may involve setting up a legal entity, opening a business bank account, and fulfilling local tax obligations. For more information on business registration, consult local chambers of commerce or business advisory services.

8. Apply for a Residence Permit

   After entering Spain, you will need to apply for a residence permit. This is a separate process that must be completed within the first month of your arrival. Visit the local immigration office to lodge your application, and ensure you have all required documentation ready.

FAQs About the Entrepreneur Visa Process

What Is the Role of the Business Plan?

The business plan is central to your application, serving as evidence of your entrepreneurial vision and the potential economic impact of your venture. It should clearly articulate your strategy, market understanding, and financial projections.

How Does This Compare to Other Visas?

For entrepreneurs, the Entrepreneur Visa is tailored to those with innovative business ideas. It contrasts with options like the Golden Visa, which is investment-based, or the Schengen Business Visa, which is for short-term business activities.

What If My Visa Is Refused?

If your application is denied, review the Visa Refusal Reasons to understand the cause. Address any issues, improve your business plan, or gather additional documentation before reapplying.

Taking these steps carefully can significantly enhance your chances of a successful application for the Entrepreneur Visa, allowing you to launch and grow your business in Spain.

What Are the Costs for an Entrepreneur Visa?

Applying for an Entrepreneur Visa in Spain involves considering various costs associated with the application process. You should anticipate potential expenses related to visa fees, professional services, and document translations. While exact fees can vary, be prepared to pay an application fee, which is generally in the range of EUR 70 to EUR 120 as of 2023. Additional costs may arise if you require assistance from legal or financial advisors. Always verify the most current fees on the official website.

How Long Does the Application Process Take?

Understanding the timeline for your Entrepreneur Visa application is crucial. The processing time can often take between 20 to 30 working days after submission, but this can vary based on individual circumstances and the completeness of your documentation. To get a better sense of timelines, you might want to refer to the Processing Times guide for more detailed information.

Comparison of Visa Types

To provide a clearer picture of how the Entrepreneur Visa compares with other visa types available in Spain, here's a concise table outlining costs and timelines. Keep in mind that these figures are approximate and should be verified on the official website.

What to Expect During the Process

When you lodge your application, ensure all required documents are organized and complete to avoid delays. You can refer to the Documents Checklist for guidance. Post-application, stay informed about any updates or requests for additional information from the State Secretariat for Migration (SEM).

In summary, while the Entrepreneur Visa offers a promising avenue for aspiring business owners in Spain, it's important to budget for fees and anticipate a processing period that aligns with your plans. For more nuanced comparisons or guidance, consider checking out the Golden Visa Vs Entrepreneur guide.

Preparing Your Business Plan

• Be Thorough and Precise: Your business plan is a critical component of your Entrepreneur Visa application. Ensure it includes detailed financial projections, a clear business model, and market analysis. This will demonstrate the viability of your business to the State Secretariat for Migration.
• Highlight Innovation: Emphasize any innovative aspects of your business. Spain values businesses that contribute to technological advancement or economic growth.
• Local Impact: Clearly outline how your business will create jobs and contribute positively to the local economy. This can strengthen your application significantly.

Gathering Necessary Documentation

• Compile Personal Documents Early: Gather essential documents such as your passport, proof of sufficient financial resources, and any previous visas. Check the Documents Checklist for a comprehensive list.
• Proof of Qualifications: Include any qualifications or certifications that demonstrate your expertise and capability to run the proposed business.
• Legal and Financial Records: Ensure you have all necessary legal documents related to your business, such as incorporation papers, and financial records that reflect the business's stability and potential.

Understanding the Application Process

• Timeline Awareness: Familiarize yourself with the processing timelines, which can vary. Refer to the Processing Times guide for more details.
• Professional Advice: Consider consulting with legal or immigration professionals who specialize in Spanish immigration to help navigate complex legal requirements.

Common Pitfalls and How to Avoid Them

• Incomplete Applications: One of the most common reasons for visa refusal is incomplete applications. Double-check that all sections of your application are filled out correctly and that all required documents are included.
• Not Meeting Financial Requirements: Ensure you meet the financial thresholds set by the Spanish government. More information can be found in the Financial Requirements guide.
• Lack of Research: Understand the specific requirements for the Entrepreneur Visa, as they differ from other types such as the Schengen Business or Self Employment visas.

By carefully preparing your application and being aware of the common challenges and requirements, you can improve your chances of successfully obtaining an Entrepreneur Visa in Spain.

Common Mistakes in the Entrepreneur Visa Application

Navigating the application process for the Entrepreneur Visa in Spain can be complex, and applicants often encounter common pitfalls. Here’s how to avoid them.

Misunderstanding Eligibility Requirements

• Lack of Innovative Business Plan: Ensure your business plan demonstrates innovation and potential economic impact. It should clearly articulate how your business will contribute to Spain’s economy.
• Insufficient Financial Resources: Verify you have the necessary financial backing. This includes both personal funds and business capital to sustain your business activities in Spain. See our Financial Requirements Guide for more details.

Incomplete or Incorrect Documentation

• Missing Documents: Double-check the Documents Checklist to ensure all required documents are included in your application.
• Outdated Information: Confirm all personal and business information is current and matches across different documents. This includes passports, identification numbers, and business registrations.

Procedural Errors

• Incorrect Application Process: Familiarize yourself with the How To Apply process to ensure you follow the correct steps and timelines.
• Not Understanding Processing Times: Applications may take several months to process. Plan accordingly by reviewing our Processing Times Guide.

Failing to Address Visa Refusal Reasons

• Ignoring Past Issues: If you have faced visa refusals before, address potential Visa Refusal Reasons proactively in your new application.
• Inadequate Justification for Business Viability: Clearly articulate why your business is viable and how it will succeed in the Spanish market.

Avoid these mistakes by thoroughly preparing your application, understanding the requirements, and ensuring all aspects of your business plan and documentation are complete and accurate.

How Do Real Entrepreneurs Navigate the Spanish Visa System?

For entrepreneurs eyeing Spain as a vibrant landscape for innovation, the Entrepreneur Visa provides a pathway to turn visions into reality. This visa is particularly geared toward individuals with a solid business plan that promises to generate employment, contribute to the Spanish economy, and offer a unique product or service. Unlike the Schengen Tourist visa, which limits activities to leisure, the Entrepreneur Visa allows you to actively engage in business operations and development within Spain.

What Are Some Real-Life Examples?

Consider an entrepreneur from Argentina who developed a pioneering app aimed at enhancing the efficiency of urban transport systems. After conducting market research and identifying a gap in Spanish cities, they decided to pursue the Entrepreneur Visa to launch their business in Spain. By preparing a comprehensive business plan and showcasing their project's innovative aspects, they successfully secured their visa and started their venture, contributing to local employment and technology advancement.

Another scenario involves a tech startup founder from India who specialized in cybersecurity solutions. Recognizing Spain's growing tech industry and the demand for enhanced digital security, they applied for the Entrepreneur Visa. By collaborating with local partners and adapting their technology to the European market, they not only expanded their business but also fostered international business relations.

How Does This Compare to Other Visa Options?

While the Entrepreneur Visa is ideal for those looking to start a new business, other options may suit different circumstances. For instance, if you plan to work remotely for a foreign company, the Digital Nomad visa might be more appropriate. Alternatively, if you have substantial investments to make, the Golden Visa could offer another route to residency. Each visa comes with unique requirements and benefits, so it's crucial to explore which pathway aligns best with your goals. For further guidance, you can refer to our How To Apply guide.