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Where is Spain Entrepreneur Needed?

The Spain Entrepreneur Visa is a non-lucrative visa that allows non-EU citizens to live and work in Spain for up to two years while they establish their own business. The visa is not available to citizens of the European Union or the European Economic Area.

The Spain Entrepreneur Visa is needed in the following countries:

• All countries outside of the European Union and the European Economic Area.

If you are a citizen of a country outside of the European Union or the European Economic Area and you want to live and work in Spain while you establish your own business, you will need to apply for a Spain Entrepreneur Visa.

Where is Spain Entrepreneur Not Needed?

You are not required to have a Spain Entrepreneur Visa if you are a citizen of the European Union or the European Economic Area (EEA). You are also not required to have a Spain Entrepreneur Visa if you are a citizen of Andorra, Monaco, San Marino, or Switzerland.

What are the Eligibility Criteria for Applying Spain Entrepreneur Visa?

Here are the eligibility criteria for applying for a Spain Entrepreneur Visa:

• You must be a non-EU citizen.
• You must have a business plan that is innovative and scalable.
• You must have secured funding of at least €50,000 from a venture capital firm or angel investor.
• You must be able to speak Spanish or Catalan.
• You must have a clean criminal record.
• You must not pose a security threat to Spain.

In addition to these general eligibility criteria, there are also some specific requirements that you must meet in order to be eligible for a Spain Entrepreneur Visa. These requirements may vary depending on the Spanish embassy or consulate where you are applying for your visa. Here are some of the specific requirements that you may need to meet:

• You must have a valid passport that is valid for at least three months beyond the date you plan to leave Spain.
• You must provide a recent passport-sized photograph.
• You must provide proof of accommodation in Spain. This can be a hotel reservation, a rental agreement, or a letter from a friend or family member who will be hosting you.
• You must provide proof of travel insurance that covers you for the duration of your stay in Spain.
• You must provide proof of financial support that shows that you have enough money to support yourself and your family during your stay in Spain. This can be a bank statement, a letter from your employer, or a letter from a venture capital firm or angel investor.
• You must provide a business plan that is innovative and scalable. Your business plan must include the following:
• • A description of your business idea
  • The market for your business
  • Your financial projections
  • Your team
  • Your strategy for growth
• You must provide a letter of support from a venture capital firm or angel investor that confirms that they have invested at least €50,000 in your start-up.

What is the minimum salary threshold for Spain Entrepreneur Visa?

There is no minimum salary threshold for the Spain Entrepreneur Visa. However, you must show that you have enough money to support yourself and your family during your stay in Spain. This can be done by providing bank statements, pay stubs, or a letter from your employer.

The amount of money you need to show will vary depending on your individual circumstances. However, you should aim to have at least €50,000 in savings. This will cover your living expenses for the first year in Spain.

You should also consider the cost of setting up your business in Spain. This can be significant, so you need to make sure you have enough money to cover these costs as well.

If you are not able to show that you have enough money to support yourself and your family in Spain, your Spain Entrepreneur Visa application may be rejected.

What is the Spain Entrepreneur Application Fee?

The Spain Entrepreneur Application Fee is €167. This fee is payable in cash or by credit card at the Spanish embassy or consulate where you are applying for your visa.

The application fee is non-refundable, even if your visa application is denied.

Spain Entrepreneur Processing Time?

The processing time for a Spain Entrepreneur Visa can take up to two months, but it can take longer during peak season. The peak season for Spain visas is typically from June to August.

What are the documents required for applying Spain Entrepreneur Visa?

The documents required for applying for a Spain Entrepreneur Visa vary depending on the Spanish embassy or consulate where you are applying, the time of year, and the complexity of your application. However, there are some general documents that all applicants must provide. Here are the documents required for applying for a Spain Entrepreneur Visa:

• Valid passport: Your passport must be valid for at least 3 months beyond the date of your intended stay in Spain.
• Completed visa application form: The visa application form must be completed in full and signed by the applicant.
• Recent passport-sized photograph: The photograph must be taken within the last 6 months and must meet the requirements of the Spanish embassy or consulate.
• Proof of accommodation: You must provide proof that you have accommodation booked for the duration of your stay in Spain. This can be a hotel reservation, a rental agreement, or a letter from a friend or family member who will be hosting you.
• Proof of travel insurance: You must have travel insurance that covers you for the duration of your stay in Spain. The insurance must cover medical expenses, repatriation, and loss of luggage.
• Proof of financial support: You must show that you have enough money to support yourself and your family during your stay in Spain. This can be done by providing bank statements, pay stubs, or a letter from your employer.
• Return ticket or onward travel: You must have a return ticket or onward travel to your home country or a third country.
• Business plan: You must provide a business plan that is innovative and scalable. The business plan must include the following:
  • A description of your business idea
  • The market for your business
  • Your financial projections
  • Your team
  • Your strategy for growth
• Letter of support from a venture capital firm or angel investor: You must provide a letter of support from a venture capital firm or angel investor that confirms that they have invested at least €50,000 in your start-up.
• Other documents: The Spanish embassy or consulate may request additional documents depending on your individual circumstances. For example, if you are applying for a Spain Entrepreneur Visa to start a business in the technology sector, you may need to provide a letter from a technology expert who can attest to the viability of your business idea.

Spain Entrepreneur Visa Rejection Reasons?

Your Spain Entrepreneur Visa application may be rejected for a number of reasons, including:

• Incomplete application: If your application is incomplete, it will be rejected. Make sure you provide all of the required documentation, including a valid passport, a completed visa application form, a recent passport-sized photograph, proof of accommodation, proof of travel insurance, proof of financial support, a return ticket or onward travel, and a letter of invitation if applicable.
• Incorrect or fraudulent documentation: If any of your documentation is incorrect or fraudulent, your application will be rejected. Make sure all of your documents are genuine and that they are properly filled out.
• Insufficient funds: If you cannot show that you have enough money to support yourself and your family during your stay in Spain, your application will be rejected. Make sure you provide bank statements, pay stubs, or a letter from your employer to show that you have enough money.
• Unclear business plan: If your business plan is unclear or if it is not innovative or scalable, your application may be rejected. Make sure your business plan is well-written and that it demonstrates the potential for your start-up to succeed.
• Lack of funding: If you have not secured funding of at least €50,000 from a venture capital firm or angel investor, your application may be rejected. Make sure you have proof of funding from a reputable source.
• Criminal record: If you have a criminal record, your application may be rejected. Make sure you disclose any criminal convictions on your application form.
• Security concerns: If the Spanish embassy or consulate believes that you pose a security threat to Spain, your application may be rejected. This could be due to your political activities, your involvement in terrorist organizations, or your past travel to countries that are considered to be a threat to Spain.

If your Spain Entrepreneur Visa application is rejected, you will be notified in writing. You can appeal the decision of the Spanish embassy or consulate, but you will need to provide additional documentation to support your appeal.

How can my family join me in applying for the Spain Entrepreneur Visa?

Your family can join you in applying for the Spain Entrepreneur Visa if they are your spouse, children under the age of 18, or parents who are dependent on you financially. They will need to provide the same documentation as you, including a valid passport, a completed visa application form, a recent passport-sized photograph, proof of accommodation, proof of travel insurance, proof of financial support, a return ticket or onward travel, and a letter of invitation if applicable.

You can apply for a Spain Entrepreneur Visa for your family members at the same time as you apply for your own visa. You will need to submit a separate application form and documentation for each family member.

The processing time for a Spain Entrepreneur Visa for family members is the same as the processing time for a regular Spain Entrepreneur Visa. It can take up to two months, but it can take longer during peak season.

Can I get Permanent Residency through Spain Entrepreneur Visa?

Yes, you can get permanent residency through the Spain Entrepreneur Visa, also known as the Start Up Visa. The Start Up Visa is a new visa that was introduced in 2018 to attract entrepreneurs to Spain.

To qualify for the Start Up Visa, you must:

• Be a founder or co-founder of a start-up company.
• Have a business plan that is innovative and scalable.
• Have secured funding of at least €50,000 from a venture capital firm or angel investor.
• Be able to speak Spanish or Catalan.

If you meet all of these requirements, you can apply for the Start Up Visa. The visa is valid for two years, and it can be renewed for up to three years. After five years of living in Spain on a Start Up Visa, you can apply for permanent residency.