Support of the entrepreneurs and their internationalization
10/3/2013
​The official Gazette number 233 dated 28/09/13 publishes law 14/2013 issued on the 27th of September which is related to the support of the entrepreneurs and their internationalization.

This law aims to support the entrepreneurs and the business activity, boost their development, growth and internationalization and encourage both the entrepreneurial culture and a favorable environment for the economic activity whether at the initial stages of this activity or following its development, growth and internationalization.

Entrance and residency in Spanish territory will be facilitated for foreigners who wish to enter or reside in Spain and for those who already reside in the country for reasons related to economic interest in pursuance of what is recognized in this section, in case they proved they are:

a) Investors
b) Entrepreneurs
c) Highly qualified professionals
d) Researchers
e) Workers who shift positions within the same company or in a group of companies.

The residency visa for investors will be granted when the following conditions are met:

An initial investment equal or superior to two million Euros as Spanish public debt bonds or equal or superior to one million Euros as shares or social shares in Spanish companies or as bank deposits in Spanish financial entities.

The acquisition of immovable assets in Spain with an investment equal or superior to five hundred thousand Euros (€500.000) for each applicant.

A business project which will be developed in Spain and which is considered and accredited as being of general interest.

A significant investment of capitals is considered to be made by the foreign visa applicant when this investment is carried through by a legal entity established in a territory which is not a fiscal haven according to the Spanish regulation, when the foreigner has, directly or indirectly, the majority of his/her voting rights and when s/he has the authority to nominate or substitute the majority of the members of the administration body.

Complete law published in the official Gazette

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