The purpose of Act 14/2013 is to facilitate visa and residence procedures for certain categories of investors, entrepreneurs, highly skilled professionals, researchers, and workers performing inter-company business operations, including their spouses and children under 18.The Act facilitates swift processing of visa/residence applications, generally establishing a 10 day deadline for all visa applications relevant to this law, upon submission of all relevant documents. The residence visa issued under this law is sufficient to reside in Spain for one year without having to obtain a foreign identity card. The renewal of residency may take place even the foreign resident has been absent from Spain longer than six months per year in the case of Residency Visas and authorisations for foreign investors and for foreign workers performing inter-company operations abroad or that have established their base of operations in Spain.