Applicable legislation:
Entrepreneurial Support Act of 27 September 2013 (Ley 14/2013) partially modified by Law 25/2015 (11th final provision) and by the Royal Decree-Law 11/2018 (Title III)
It does not apply to EU citizens or to nationals of countries to whom EU law applies for being beneficiaries of the rights of free movement and residence.
The applicant must be 18 years old or older and not be illegally present in the Spanish territory or be listed as rejectable in the territory of countries with which Spain has signed an agreement to that effect.
Short-stay or residence visa for foreigners making a significant capital investment, understood as:
- An initial investment of at least 2 million euros in Spanish public debt securities, or 1 million euros in stocks or shares in Spanish companies undertaking actual business activities, or in investment or venture capital funds incorporated in Spain, or in bank deposits in Spanish financial institutions.
The purchase of unencumbered real estate for a minimum of 500,000 euros, (if the investment is made by a couple married in community of property, one of the spouses may obtain an investor visa, and the other spouse, a visa as a family member of the investor).
- A business project in Spain considered to be of general interest, as regards the creation of jobs, the significant socio-economic impact on the geographical area in which the project is to be carried out, or its significant contribution to scientific or technological innovation. In this case, the visa may be obtained by a representative designated by the investor to manage the project.
Investments made by legal persons will be accepted, provided that the legal person is not based in a tax haven, and that the investor holds, directly or indirectly, majority voting rights and the power to appoint or dismiss the majority of the members of the board of directors.
The following family members of the investor may also obtain the visa:
- Children and adult children who are financially dependent on the investor and who have not created a family unit of their own.
- Relatives in the ascending line in the investor's care.
The Embassy of Spain in Seoul will process the visa applications submitted by applicants living in the consular jurisdiction in person by APPOINTMENT only only (see General Information)
비자 신청은 예약제이며 무조건 대한민국에 거주하는 자만 비자신청이 가능하다 (바로가기)
Required documents for the investor
1. National visa application form
. Applicants must complete in English or Spanish and sign a visa application form, filling in each of its sections.
2. Photograph. One recent, passport-size, colour photograph, taken against a white background, facing forward, without dark or reflective glasses, or any garments concealing the oval of the face.
3. Valid, unexpired passport. [Original and a photocopy] of the page or pages of the passport that contain biometric data. The passport must have a minimum validity period of 1 year and contain two blank pages. Passports issued more than 10 years ago will not be accepted.
4. Documents accrediting the investment. [Original and a copy] of the following documents:
- Investment in unquoted stocks and shares: Declaration of investment made at the Foreign Investments Registry of the Ministry of Economic Affairs and Digital Transformation.
- Investment in quoted stocks: Certificate from the financial intermediary registered at the National Securities Market Commission (CNMV) or at Banco de España, accrediting that the interested party has made the investment.
- Investment in public debt: Certificate from the financial entity or from Banco de España accrediting that the applicant is the sole owner of the investment for a period equal to or exceeding 5 years.
- Bank deposit: Bank certificate indicating that the applicant is the sole owner of the investment.
- Investment in real estate: Certificate from the Land Register with up-to-date information on ownership and encumbrances, issued no more than 90 days earlier, and deed of sale if the amount of the purchase is not included in the certificate on ownership and encumbrances.
- Investment in a business project: Favourable report from the relevant Economic and Commercial Office of this consular district, stating the general interest that will be served by the business project.
- In the event of an investment made through a legal person: Favourable report from the relevant Economic and Commercial Office of this consular district, stating that the company is not based in a tax haven, and that the investor holds, directly or indirectly, majority voting rights and the power to appoint or dismiss the majority of the members of the board of directors.
Foreign documents must be legalised through the consular representations of the issuing country or, in the case of signatory countries to the Hague Convention of October 5, 1961, hold the Hague Apostille (except official documents issued by a Member State of the European Union, which will not require to be legalised). Sworn translation into Spanish is also required.
5. Financial means: proving sufficient own financial means, or accrediting a regular source of income for the investor and, where applicable, for the family members accompanying them. The minimum required amount is equivalent to 400% of Spain's Public Multiple Effects Income Indicator (IPREM). To this amount must be added 100% of the IPREM for each family member. These certificates must be legalised through the consular representations of the issuing country or, in the case of signatory countries to the Hague Convention of October 5, 1961, hold the Hague Apostille (except official documents issued by a Member State of the European Union, which will not require to be legalised). Sworn translation into Spanish is also required. [Original and photocopy]
6. Criminal record check certificate. Applicants of legal age must submit the criminal record check certificate(s) issued by their country or/and countries of residence for the past 5 years preceding the date of the visa application. It cannot be older than 6 months, unless the certificate itself specifies a longer expiration. These certificates must be legalised through the consular representations of the issuing country or, in the case of signatory countries to the Hague Convention of October 5, 1961, hold the Hague Apostille (except official documents issued by a Member State of the European Union, which will not require to be legalised). Sworn translation into Spanish is also required. [Original and photocopy]
7. Health insurance certufucate: accrediting the public or private health insurance contracted with an insurance entity authorized to operate in Spain. [Original and photocopy]
8. Valid and unexpired Korean residence card: must be valid for at least 3 months beyond the planned departure date from Korea (only for non-Korean Nationals). [Original and photocopy]
9. Payment of the visa fee. Please refer to the section Consular Service fees.
Required documents for family members
For each family member accompanying the investor, the following must be submitted:
- All the required documents specified in sections 1, 2, 3, 4, 5, 6, 7, 8 and 9.
- Documents proving family relationship with the researcher: birth or marriage certificates issued by the civil registry. All these documents need to be legalised through the consular representations of the issuing country or, in the case of signatory countries to the Hague Convention of October 5, 1961, hold the Hague Apostille (except official documents issued by a Member State of the European Union, which will not require to be legalised). Sworn translation into Spanish also is required. [Original and photocopy]
In the case of adult children, documents proving their financial dependence and civil status. All these documents need to be legalised through the consular representations of the issuing country or, in the case of signatory countries to the Hague Convention of October 5, 1961, hold the Hague Apostille (except official documents issued by a Member State of the European Union, which will not require to be legalised). Sworn translation into Spanish also is required. [Original and photocopy]
When necessary to assess the application, the Consular Office may request additional documents or data and may also ask the applicant to come in for a personal interview.
Validity period of the visa: The visa is valid for 1 year, or for the same period as the residence permit granted, provided that this permit is for less than 1 year.
The visa accredits residence in Spain during its validity period, making it unnecessary to obtain a Foreigner Identity Card (TIE). However, this card may be applied for at the Foreign Nationals' Office or the corresponding Police Station.