By deciding to start a business in Spain, entrepreneurs from all over the world can fully rely on the humanity of local laws and the friendliness of the business community. To attract business ideas that are valuable to the economy, Spanish politicians have come up with many useful laws that are being successfully implemented. What should a foreign entrepreneur do to maintain his status, to obtain a residence permit and stay in Spain forever as a full member of Spanish society?
It is worth remembering that, in addition to the implementation of a good idea, the entrepreneur has to adapt to the new business community in the country with its own peculiarities of mentality, know and comply with local laws. Business etiquette, procedure of documents processing, obtaining permits and concluding contracts – all this is important if there is a goal not just to open, but to successfully conduct business in the new country. And success is a key indicator in the Spanish administration’s decision on whether the businessman and his family will be able to get a residence permit in the near future.
Note immediately: the very nature of business in Spain are not allowed, despite the world’s view of the frivolity of the inhabitants of the country siesta. And the newly arrived and opened his business will be closely monitored by the businessman. No matter how unpleasant it sounds, there is nothing shameful about this state of affairs: just local authorities need to make sure that they have accepted the country an active, honest and active member of the business community and society as a whole.
When you can apply for a residence permit?
So, the business plan is what you need to do to get a residence? First, a businessman gets an entrepreneur visa (visa D). It can be issued, already being in Spain, for 1 year. The procedure for obtaining visa D:
- Applying to the Trade and Economic Representative Office in Spain in the region of residence, providing a business project;
- Obtaining a certificate from the authorities, on the basis of which you can apply for an annual visa of the entrepreneur;
- Application to the Consulate of the package of documents for visa;
- In case of a positive decision within 10 working days the document will be issued to the applicant.
On the basis of the entrepreneur’s visa a resident card (residence permit for 2 years) is issued. It is possible to apply for residence only after collecting evidence of business opening in a single window of the Department of large companies and strategic teams. After filing the documents, the decision will be taken no later than 20 working days. The first residence permit of the entrepreneur is issued for 2 years. It receives both the businessman himself and his closest relatives (spouse and children under 18 years). After two years after receiving the first residence permit of the entrepreneur, it will be necessary to extend the residence.
The secret way to obtain a residence permit investor
It is interesting that if the applicant for a residence permit meets all the above requirements, you can apply for first residence, even if he is in Spain on a normal Schengen visa. To do this, the documents are submitted in Madrid immediately to the Ministry of Economy, bypassing the Consulate. Moving on the basis of business is considered very convenient and profitable, and, along with the purchase of real estate in Spain, occupies a leading position. However, this way of emigration is available only to those who have a business idea and are ready to develop it in another country, while getting used to the realities of life in a new place. If you prefer the option of buying property in Spain, you can take a look at these options https://yes-mallorca-property.com/.