Entrepreneurial Residence in Spain: A Complete Guide for International Innovators

Spain offers an attractive legal framework for foreign nationals who want to start, manage, or develop an innovative economic activity as entrepreneurs. The Entrepreneur Residence Permit, governed by Law 14/2013, facilitates the establishment of innovative ventures that contribute to the Spanish economy. This article outlines the requirements, benefits, and application process for this residence permit.

What Is the Entrepreneur Residence Permit?

It is a residence authorization that allows foreign nationals to develop innovative business activities in Spain. It is valid nationwide, has an initial duration of three years, and can be renewed for additional two-year periods.

Criteria for Project Evaluation

To qualify as an entrepreneur, your project must demonstrate innovation based on:

• Business model
• Innovative product or service
• Differentiated processes
• Use of proprietary technology
• Intellectual property (patents)

The competent authority, ENISA (National Innovation Company), will assess:

1. Market attractiveness
2. Business development stage
3. Competition and scalability
4. Team capabilities
5. Relationships with clients and suppliers

Requirements for the Entrepreneur Residence Permit

1. Professional Profile of the Applicant

• • Relevant education and experience.
  • Active involvement in the project.

2. Detailed Business Plan

• • Description of the project and its innovative aspects.
  • Market analysis.
  • Financial plan and funding sources.

3. Impact on the Spanish Economy

• •  Job creation.
  • Added value, innovation, and investment opportunities.

Required Documentation

1. Personal Documents

• •  Full passport.
  • Criminal record certificate covering the last two years.

2. Proof of Financial Means

• • Sufficient funds: 200% of the monthly minimum wage for the applicant, plus 75% for the first family member and 25% for each additional member.
  • Bank certificate confirming ownership and availability of funds.

3. Project Documents

• •  ENISA resolution qualifying the activity as entrepreneurial.
  • Applicant’s CV and academic background.

4. Family Members (optional)

• • Documents proving the family relationship.
  • Certificates of economic dependency, if applicable.

Note: All foreign documents must be legalized and translated into Spanish by a sworn translator.

Application Process.

1. Project Assessment by ENISA

• • Resolution time: up to 3 months.
  • Mandatory report for residence application.

2. Submission to the Large Companies Unit (UGE)

• • Decision timeframe after ENISA’s favorable report: 20 business days.

Additional Beneficiaries

In addition to the entrepreneur, the following family members may also qualify:

• Spouse or registered domestic partner.
•  Children under 18 or those over 18 who are dependent due to disability or financial reasons.
• Dependent parents of the applicant.

Advantages of the Entrepreneur Residence Permit

• Access to the European market.
• Streamlined administrative procedures through an expedited process.
• Opportunity to attract talent and build entrepreneurial networks.

Why Choose Spain for Your Entrepreneurial Venture?
Spain is a strategic hub for innovation thanks to its location, quality of life, and government support for entrepreneurial projects. If you have an innovative idea, this is your chance to turn it into reality.

Do you have questions or need assistance with your application?
Contact us for guidance at every step of the process and maximize your chances of success. Let’s make your project a reality in Spain!