Starting a business in Spain

How to start a business in Spain?

Spain, with its growing entrepreneurial ecosystem, offers a wide range of opportunities for entrepreneurs and business people from all over the world. Whether you are considering starting your own business, expanding your current company or setting up in Spain, we are here to simplify the process and help you achieve your goals.

In these pages, you will find key information and legal advice to help you navigate the legal and administrative aspects of starting a business in Spain. Our mission is to ease your way to a successful life and business in this exciting country.

Why Should You Choose Spain to Start Your Business?

Spain has become an ideal scenario for foreign entrepreneurs who wish to bring their business dreams to life.

Cities such as Madrid, Barcelona and Valencia are booming business centres.

They offer world-class infrastructure, attract foreign talent and investment, and foster a vibrant entrepreneurial culture.

Spain is witnessing the steady growth of successful startups that attract foreign talent and capital. A thriving entrepreneurial ecosystem provides unique opportunities to grow and prosper.

A diverse and broad market offering allows a variety of business models to operate.

You will have the opportunity to adapt to the needs and preferences of local consumers.

You will enjoy a high quality of life in Spain, with its rich culture, delicious food, pleasant climate and beautiful landscapes. This will make your business adventure even more rewarding.

Networking and collaboration opportunities are abundant.

Who Can Start a Business in Spain?

In Spain, any person, whether foreign or Spanish, can start a business as long as they are legally resident in the country.

The process is quite similar for both, with the only difference being the initial step involved in obtaining legal residence for foreigners.

Let’s look at the two possible cases:
European Union (EU) citizens:You only need to obtain your NIE (Número de Identificación de Extranjero) and the EU registration certificate. Then you can proceed with the incorporation of your company.

Non-EU citizens: First, obtain a work visa to start a business in Spain. This process can be more complex, and it is essential to meet specific requirements, such as not having a criminal record in Spain, having sufficient financial resources and having the necessary skills.

How to obtain a Business Residence Permit?

There are two types of residence permits that will allow you to start your business in Spain:

The choice between these two depends on the nature of your business project.

Entrepreneur Visa: If your business is innovative and technologically advanced, you can opt for this visa. Although the requirements are rigorous, the process is faster, and you will be able to obtain your visa in approximately 20-30 days. You must submit a detailed business plan, demonstrate your skills and knowledge, and have sufficient funding to ensure the viability of your business.

–  Self-Employment Permit: This permit is suitable for businesses that do not meet the requirements of the entrepreneur visa. You must meet the general requirements for legal residence and demonstrate the ability to carry out your professional activity, as well as the necessary financial resources.

Documents required to start a company in Spain

Once you meet the requirements, you will be able to start the procedures for the creation of your company in Spain.

The required documents include:

  • Duly completed and signed EX-17 application form.
  • Copy of passport valid for more than four months.
  • Documentation related to your business activity, if necessary.
  • Authorisations and licences required for your business activity.
  • Demonstration of professional qualifications or relevant experience.
  • Proof of sufficient financial resources to cover expenses and investment.
  • Detailed business plan.
  • Payment of relevant fees.
  • Criminal record certificate.
  • Medical certificate.
  • Proof of payment of the work visa or residence permit fee.

Types of companies and firms in Spain

Before formalising your company in Spain, it is important to understand the different types of companies according to their size:

Micro company: Up to 10 employees and 2 million euros annual turnover.

Small company: Up to 50 employees and 10 million euros annual turnover.

Medium-sized company: Up to 250 employees and 50 million euros of annual turnover.

Large company: Above the above levels. Foreigners from the EU can benefit from EU agreements and set up companies in Spain more easily.

Our experts will accompany you every step of the way, from the conception of your idea to the full operation of your business on Spanish soil.

Don’t let legal barriers prevent you from achieving your business goals in Spain.

Contact us today and find out how we can help you turn your dreams into a successful business reality.

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