How to Start Your Business in Spain? Benefits and Visa Requirements

Spain attracts many entrepreneurs and founders to start their businesses. It provides a conducive environment and perfect infrastructure for them. Culturally, it has a strong emphasis on work-life balance, and that’s something that compels people to get an entrepreneur visa in Spain and build their businesses there.

Top Business Opportunities in Spain for Entrepreneurs

These are the top 5 businesses that can make you significant profits in Spain.

1. Start a content business

Start making content in the niche you are interested in. You can make a website or online profiles to make video-based or text-based content. You can get a digital nomad visa to start this business in Spain, as you can work from anywhere as a content creator.

2. Food and beverage business

Cafes and restaurants thrive in Spain because of the importance of food in their culture. You can open food shops and stores in Spain to sell innovative and unique food items.

3. Professional photography

Every other business and event needs a photographer to capture its business. Becoming a photographer in Spain will enable you to offer your services to many clients.

4. Start an E-commerce business

E-commerce businesses are important in the Spanish entrepreneurial system. You can set up your online store easily with some investment. Just ensure compliance with Spain’s tax and consumer protection laws.

Set aside some investment to get professional digital marketing services to promote your e-commerce store.

5. Technology startup

Spain is the hub of technical innovation. You can establish your tech startup and get the most supportive environment to thrive. They have proper systems of incubators and accelerators for such businesses to mentor them.

See also  Business Diversification: A Strategic Lifeline for Businesses

How to Get an Entrepreneur Visa in Spain?

Lucia Lagunas, a Spanish immigration lawyer, and her team provide complete consultation to help immigrants immigrate to Spain.

Entrepreneur Visa in Spain

According to her, you must fulfill the criteria to get the entrepreneur visa in Spain, including:

  1. Unique and innovative business ideas.
  2. Relevant qualifications and experience to successfully execute your business idea.
  3. Correctly filled out a visa application form.
  4. Report from the Economic and Commercial Office or the Directorate-General for International Trade and Investments that evaluates your business plan’s potential impact on Spain’s economy.
  5. Proof of sufficient financial resources to sustain yourself.
  6. Clean criminal record, health insurance, and proof of residence.

However, if you are a UK citizen and have an online business, you can apply for a Spain digital nomad visa for UK citizens.

Another important document you need would be NIE (Número de Identificación de Extranjero). It is like an ID number for non-Spanish citizens, which you will need to conduct business dealings there.

If you are wondering, can I apply for a Spanish NIE online? Well, Yes! You can utilize the online application services. Submit the documents digitally and get your NIE number in a few weeks.

Last Words

When next time you are exploring Europe to establish your business globally, consider the Spanish ecosystem as well. Their laws and governance system favor sustainable and unique businesses to make them thrive.

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