Are you considering doing business in Spain? Whether you plan to start a company or wish to seek employment, you must possess the correct visa if you are a non-European Union national or not a US citizen with a valid passport.
A popular country when it comes to business creation and expansion to Europe, Spain enjoys a strategic location with a wealth of trade partnerships, an inflow of foreign investment, a skilled workforce, and excellent infrastructure that attracts business from around the globe.
Let us explore the work and employment visas available in Spain, the documents you have to prepare, and the application process that needs to be followed.
Spain Schengen Business Visa
When applying for a Schengen business visa, it is important for you to determine if you need a short-stay or long-stay one.
A short-stay visa enables you to come to Spain to perform non-commercial business-related activities such as attending training, conferences, and meetings. It allows you to stay in Spain from 90 days up to six months and travel to other Schengen countries.
Meanwhile, if you are intending on conducting business for longer than six months, then you would need to apply for a long-stay visa. There are several types of long stay visas including the Golden Visa and Entrepreneur Visa.
- Spain Golden Visa – It is a special visa for those persons who will make a significant investment in Spain, which include investing in companies, creating employment opportunities, or buying real estate. The minimum amount of funding required to get this visa type is EUR 500,000. Additionally, it provides holders with a residence permit that is valid for two years.
- Spain Entrepreneur Visa – This visa is for entrepreneurs, highly skilled professionals, researchers, and workers performing inter-company business operations. Favored applicants are those professionals or people with startup ideas that will benefit the Spanish economy.
Residency Visa for Entrepreneurs and Business Activity (REM)
Investors with a concrete business plan that will contribute to the economic growth of Spain may apply for this visa. It is valid for one year and allows the applicant to bring relatives provided they meet the requirements. Significant capital investment is required to start the venture.
Spain Freelance Visa
Becoming a freelancer or small business entrepreneur is a rising employment option globally, and Spain seeks people with various skills across different fields. More than three million self-employed foreign individuals are living and working in Spain through a freelance visa.
For entrepreneurs planning to start a small business, they will be required to present a business plan that details their initial investment, the related activities, expected profitability, and potential jobs to be created in Spain.
If you wish to apply for this kind of visa, you will need to show outstanding qualifications in your particular field to be an independent freelancer. You must also have proof that at least one Spanish company has enlisted your services.
Visa for Highly Skilled Professionals
This visa is applicable to foreigners who have an invitation to work in Spain. The existing job offer should be in the management field of big business, corporates, or Small- and Medium-size Enterprises (SMEs) in strategic sectors.
It is also issued to graduates and postgraduates from universities and prestigious business schools looking for employment in Spain.
The requirements to apply for a Spanish business visa depend on where you are from and the type of visa you are applying for. You will need the documents below for all visa types:
- Two completed and signed application forms
- Two recent passport photographs
- A valid passport
- Photocopy of passport information
- Flight booking details
- Proof of accommodation
- Medical insurance
- Medical certificate
- Proof of sufficient financial means
- Cover letter as a statement of purpose
Additional requirements for Entrepreneur Visa
- Police certificate
- Proof of sufficient funds such as a bank statement or job contract with your employer in Spain
- Health insurance from an authorized provider in the country
Additional requirements for Golden Visa
- Police certification no older than 90 days at the time of application
- Proof of sufficient economic funds
Additional requirements for a Visa for Self-Employment
- Business plan
- Certified copy of business license or incorporation documents (if applicable)
- Professional and academic certificates (if applicable)
- Receipt of payment of fees
- Original bank reference letter (Not older than six months)
- Bank statement
How to Apply
The steps for applying for a Spain visa are quite straightforward. Ideally, you should apply three months, at most, before the date of your intended departure to Spain.
Entrepreneur Visa and Freelance Visa
- Make a visa appointment by phone or through the website of your local consulate or visa application center.
- Attend the interview, submit the required documents, and pay the application fee.
- Upon arrival in Spain, you have to get a Foreigner Identity Card within the first month.
- Make an eligible investment based on the available options. You would have to have previously travelled to Spain to finalize the transaction.
- Apply for a Golden Visa at your nearest Spanish Embassy.
- Submit the application form and required documents.
- Once you have your Golden Visa, travel to Spain, and apply to get a residence permit.
INS Global in Spain
When entering a new country as an entrepreneur, it is important to understand all the regulations and processes involved. Having the right partner will reduce the administrative burden on your company. INS Global is an HR solutions firm that helps businesses expand into new territories. With our PEO solution, we are able to assist your business in setting up, without the need of creating a separate legal entity. We also offer a range of other services, which include recruitment, payroll administration and invoicing. Contact us today and let us help your business find the best solutions to make your expansion easier.