How to Start a Business in Spain as a Foreigner?

Publicado: 04-03-2025

Starting a business in Spain as a foreigner is a great opportunity due to its dynamic economy, strategic location in Europe, and growing business ecosystem. The country offers government incentives, access to international markets, and a high quality of life. However, before taking the leap, it is essential to understand the legal and immigration requirements necessary to start a business in Spain.

In this article, we explore the different options for starting a business in Spain, whether as an investor without the need for residency or as a resident who wants to manage their business in the country.

Can You Start a Business in Spain Without Residing in the Country?

It is not necessary to have a residence permit to be a partner or owner of a business in Spain. Any foreigner can invest or participate in a company without residing in the country. However, if you want to live in Spain and manage your business, you will need to apply for a residence permit that matches the activity you will be undertaking.

Types of Residence Permits for Foreign Entrepreneurs in Spain

Depending on nationality and the type of business, there are different options for obtaining residence in Spain as an entrepreneur:

1. Entrepreneur Residence Permit (Entrepreneurial Law, Law 14/2013)

Designed for those who want to develop an innovative project with an economic impact in Spain.

Main Requirements:

• Innovative business plan: Must be evaluated by the Directorate-General for International Trade and Investments.
• Sufficient investment: Demonstrate the availability of adequate financial resources.
• Experience and training: Prove experience in the sector or relevant training.
• Job creation: Contribute to the Spanish economy by generating employment.
• Health insurance and economic solvency.
• Clean criminal record.
• Application process: If you are outside Spain, apply at the consulate; if already in Spain, apply through the Large Companies and Strategic Groups Unit.

2. Self-Employment Residence and Work Permit

Intended for non-EU foreigners who want to establish themselves as self-employed in Spain.

Main Requirements:

• Viable business plan.
• Experience and/or professional qualifications.
• Necessary business permits and licenses.
• Sufficient financial means to sustain yourself in Spain.
• Application at the Spanish consulate in the country of origin.

3. Digital Nomad Visa (Startup Law)

For digital entrepreneurs who work remotely and want to live in Spain without establishing a physical business in the country.

Main Requirements:

• Sufficient income from foreign sources.
• Private health insurance.
• Cannot work directly for a Spanish company.

Comparison of Visas for Foreign Entrepreneurs

Visa Type	Applicant Profile	Main Requirements	Key Benefits
Entrepreneur Residence Permit	Entrepreneurs with innovative projects impacting Spain`s economy	Innovative plan, investment, job creation, experience	Fast-track process, ideal for startups
Self-Employment Residence and Work Permit	Freelancers and traditional businesses	Viable plan, experience, licenses, financial resources	Accessible for any type of business
Digital Nomad Visa	Remote professionals with digital businesses	Foreign income, health insurance, not working for a Spanish company	Flexibility to reside in Spain without a local business

The Importance of a Business Plan for Residency Applications

A solid business plan is key for immigration approval and must demonstrate the project`s viability and economic impact in Spain.

Essential Elements of a Business Plan:

1. Project Description
• Business objectives.
• Unique value proposition and innovation.
• Sector and target market.

 

1. Market Analysis
• Identification of target audience.
• Competition analysis.
• Marketing and positioning strategy.

 

1. Financial Plan
• Initial investment and funding sources.
• Income and expense projections.
• Economic viability.

 

1. Human Resources and Operational Plan
• Team structure and key roles.
• Infrastructure and equipment needs.
• Execution plan and timeline.

 

1. Economic and Social Impact
• Job creation in Spain.
• Contribution to economic and technological development.

Starting a business in Spain is an excellent opportunity for foreigners, whether as investors or as residents managing their own business. For those who want to reside in Spain, it is essential to meet the immigration requirements and present a structured business plan that ensures the viability of the project.

At Gentile Law, we have a team of experts in immigration consulting for foreign entrepreneurs. We help you choose the best immigration option and guide you through the entire process so you can establish and grow your business successfully in Spain.

 

Pablo Lanfranchi
pablolanfranchi@gentile.law
+34 604 51 60 52

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