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This article is part of our guide How to start a business in Spain as a foreigner which you will find in our Starting a Business in Spain section.
There are two different work residence permits that allow you to go through the process: the entrepreneur visa and the self-employed work permit. These are the two permits that will grant you the specific type of residence that allows you to set up a business.
You will choose one or the other depending on your specific business idea.
Entrepreneur visa
If the business idea you want to develop is innovative and technology is at the core of the operations, then you should apply for the entrepreneur visa. Although the requirements are much stricter and not just any business idea will qualify for residency, it offers many advantages.
The application process is much quicker, and you can get your answer in as little as 20-30 days.
However, it is essential that you understand the requirements before you start, because you will have to present a really detailed business plan, demonstrate that you have sufficient skills and funding methods to ensure that the company will grow.
If your business is a startup, you can read more about the advantages in our article “Startup Law in Spain”.
Self-employed work visa
Let’s suppose, for example, that you want to open any kind of classic business, such as a coffee shop or a neighbourhood supermarket. In these cases, as the project is not innovative enough (it is something that already exists), the residence permit that will allow you to set it all up is the self-employed worker visa (a regular work permit).
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