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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 1012. Law on Foreign investments in Spain. Bit five
Thursday, August 22, 2013 @ 12:00 PM

Article 65. Entry and stay to start business.

1. Foreigners may apply for a visa to enter and stay in Spain for a period of one year with the sole or main purpose of carrying out the procedural formalities to develop entrepreneurial activity.

2. Visa holders provided in the previous section ( see bites one to four of this serie) can access the residential status for entrepreneurs under this Section without having to apply for a new visa and without requiring a prior minimum period of stay, once it is proved it has been started the prior effective staringt of business for which visa was obtained.

Article 66. Residence for entrepreneurs.

1. Foreigners who are seeking entry to Spain or who are holders of a residence permit or residence visa or seeking to initiate, develop and direct economic activity as an entrepreneur may be provided with a residence permit for business, which will be valid throughout the country.

2. Applicants must meet the general requirements set out in Article 59 and the legal requirements for the start of the activity, which are set out in the relevant sectoral regulations.

Article 67. Definition of business and  entrepreneurship activity.

1. Entrepreneurship is understood as that which is of special interest for innovative economic reasons for Spain and to this end it has a favorable report from the competent organ of the Central Government.

2. For this classification, it  will be considered as a priority, the creation of jobs in Spain. It will also be taken into account:

a) The applicant's professional profile.

b) The business plan, including market analysis, product or service, and financing.

c) The added value for the Spanish economy, innovation or investment opportunities.

For full information on this draft law ( to be hopefully passed in Autumn), please click on these links:

Bit four 

Bit Three

Bit Two

Bit one

Beach of the Alemanes (German people), Zahara de los Atunes, Traifa, Cadiz, Southern Spain, at Facebook



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