Welcome to the exciting world of business in Spain. At our law firm specializing in immigration matters, we are here to provide you with the guidance and legal counsel you need to successfully embark on your entrepreneurial journey in this country.
Spain, with its growing entrepreneurial ecosystem, offers a wide range of opportunities for entrepreneurs and business owners from around the world. Whether you are considering launching your own business, expanding your current company, or establishing yourself in Spain, we are here to streamline the process and help you achieve your goals.
Within these pages, you will find key information and legal advice to navigate the legal and administrative aspects of entrepreneurship in Spain. Our mission is to make the path to a successful life and business in this exciting country more accessible to you.
Join us as we explore together the opportunities and challenges that await you in Spain. We are here to be your trusted legal partner in this thrilling business adventure.
Who can start a business in Spain?
In Spain, anyone, whether foreign or Spanish, can start a business as long as they have legal residency in the country. The process is quite similar for both, with the only difference being the initial step of obtaining legal residency for foreigners.
Let's look at the two possible scenarios:
European Union (EU) Citizens: You only need to obtain your NIE (Foreigner Identification Number) and the EU registration certificate. Then, you can proceed with the company's establishment.
Non-EU Citizens: First, you'll need to obtain a work visa to start a business in Spain. This process can be more complex, and it's essential to meet specific requirements, such as having no criminal record in Spain, demonstrating sufficient financial resources, and possessing the necessary qualifications.
How to obtain a business residence permit?
There are two types of residence permits that will allow you to start your business in Spain:
Choose between these two depending on the nature of your entrepreneurial project.
Entrepreneur Visa: If your business idea is innovative and technologically advanced, you can opt for this visa. While the requirements are rigorous, the process is faster, and you can obtain your visa in approximately 20-30 days. You must submit a detailed business plan, demonstrate your skills and knowledge, and have adequate financing to ensure your company's viability.
Self-Employed Work Permit: This permit is suitable for businesses that do not meet the requirements of the entrepreneur visa. You must meet general requirements for legal residence and demonstrate the ability to practice your professional activity as well as the necessary financial resources.
Types of companies and corporations in Spain:
Before formalizing your company in Spain, it's essential to understand the different types of corporations based on their size:
Microenterprise: Up to 10 employees and annual turnover of up to 2 million euros.
Small business: Up to 50 employees and annual turnover of up to 10 million euros.
Medium-sized enterprise: Up to 250 employees and annual turnover of up to 50 million euros.
Large enterprise: Above the aforementioned levels.
EU foreigners can benefit from EU agreements and establish companies in Spain more easily.
Conversely, non-EU foreigners must meet additional requirements, such as having no criminal record and obtaining a work visa.
Once you meet the requirements, you can initiate the procedures to create your company in Spain. The required documents include:
Steps to create a company in Spain:
Completed and signed EX-17 application form. Copy of the passport with a validity of more than four months. Documentation related to commercial activity, if necessary. Authorizations and licenses required for your business activity. Demonstration of professional qualifications or relevant experience. Proof of sufficient financial resources to cover expenses and investment. Detailed business plan. Payment of applicable fees. Certificate of criminal record. Medical certificate. Proof of payment for the work visa or residence permit fee. Embark on Your Journey in Spain!
At BEA, we are not only experts in business law but also share your passion for entrepreneurship.
We will accompany you every step of the way, from conceiving your idea to the full operation of your business on Spanish soil.
Don't let legal barriers hinder you from achieving your business goals in Spain. Contact us today and discover how we can help you turn your dreams into a successful business reality.