Spain is a European country with a distinctive strategic location overlooking the Mediterranean Sea. It is one of the most attractive tourist destinations worldwide, because of its rich multicultural history, stable political system, artistic heritage, beautiful cities, and moderate climate throughout the year.
Spain is also a global destination for investment and establishing businesses, owing to several factors, including a growing labor market, the rapid development of the country’s infrastructure, the availability of a cost-effective workforce, government encouragement of innovation, as well as tax incentives and exemptions provided to project owners and foreign entrepreneurs.
How to reside in Spain by establishing a company
As part of strategies to promote development in the country and as a new step to attract direct foreign investment, Spanish law introduced the Entrepreneur Residence Visa in 2013. This visa allows any non-European Union citizen to establish a company in Spain to create employment opportunities and contribute to the national economy.
Under this program, investors receive a one-year residence visa, and they can apply for a two-year renewable Spanish residence permit if the investment continues. After five years, they can apply for permanent Spanish residency, provided that the investment is still active.
Spanish residency allows investors and their families to enjoy various benefits, such as the ability to work and reside anywhere in Spain, access to high-quality social and educational benefits, and excellent healthcare.
Moreover, holders of this residency can travel without a visa between many countries in the Schengen Area, including France, Germany, Portugal, and others. They can also apply for Spanish citizenship after 10 years.
It’s worth noting that one of the advantages of this program is:
- There is no minimum investment amount, as long as all specified requirements are met.
- The process of obtaining residency is simple and fast.
- There is no requirement for long-term physical presence in Spain, as investors are only required to visit Spain once per year.
If you are interested in residency in Spain through real estate investment, you can contact us to book a free consultation by clicking on the link here.
