Application for residency for Investor

¿What is the residency for investor?

This process allows you to request a residency permit while legally in Spain. Upon approval, you will receive a three-year permit, enabling you to live and work anywhere in the country if desired.
Residency authorizations, governed by Law 14/2013 in support of entrepreneurs and internationalization, make it easier for individuals, including Investor Residency Request, to enter and stay in Spain for economic reasons.

What are the main benefits?

Income Tax Deduction

The deduction for income tax when investing in new or recently established businesses (not necessarily limited to Spanish startups) sees an improvement, rising from 30% to 50%. Additionally, the maximum investment amount eligible for the deduction is raised from 60,000 to 100,000 euros.

Investment Timeframes

Investments in these emerging businesses can now be made within the initial five years of the company's existence, as opposed to the previous limit of three years.

Managing body

Large Companies and Strategic Groups Unit

Approximate timeframe

The fastest processing time for the application is 20 business days from the documentation submission.

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To whom is the procedure addressed?

People from other countries who are legally in Spain can request a residence permit if they plan to make a substantial investment. This investment can take various forms:

  • An initial investment equal to or greater than 2 million euros in Spanish public debt securities, 1 million euros in shares or equity in Spanish capital companies with genuine business activities, 1 million euros in investment funds, closed-end investment funds, or venture capital funds established in Spain, or 1 million euros in bank deposits in Spanish financial institutions.
  • The acquisition of Real Estate in Spain with an investment value equal to or greater than 500,000 euros per applicant.
  • An entrepreneurial project to be developed in Spain, recognized and accredited as being of general interest due to job creation, socio-economic impact, or scientific/technological innovation.
     
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What documentation do you need?

If the recipient is an individual

  •  Financial Assets: Provide evidence of having invested the minimum required amount.
    • If you've invested in non-listed stocks or company shares, you'll need to submit the investment declaration filed with the Investment Registry of the Ministry of Economy, Industry, and Competitiveness.
    • For listed stocks, provide a certificate from the registered financial intermediary with the National Securities Market Commission or the Bank of Spain, confirming the beneficiary's investment for compliance with this regulation.
    • Investments in government debt require a certificate from the financial institution or the Bank of Spain, stating that the beneficiary has been the sole holder of the investment for a period equal to or exceeding five years.
    • If you've invested in investment funds, closed-end investment funds, or venture capital funds registered with the National Securities Market Commission in Spain, present a certificate indicating that the beneficiary has invested a minimum of one million euros in a fund or funds under its management.
    • For bank deposits, submit a certificate from the financial institution, verifying that the beneficiary is the sole holder of the bank deposit.
    • All certificates should be issued within 30 days before submitting the application.    
  • Property Acquisition: To prove ownership of Real Estate, submit a certification of ownership and encumbrances from the relevant Land Registry for the property or properties. The beneficiary must verify ownership of a 500,000 euros investment in real estate, free from any charges or encumbrances.
    The certification should include certificates of ownership and encumbrances from the Land Registry related to the property or properties, with a date within the 90 days preceding the application submission.
    If the purchase hasn't been finalized: Demonstrate a pre-contract with a guarantee of fulfillment through earnest money or another legally accepted means, formalized in a public deed.
  • Business Project: To obtain a favorable report required prior to applying for the visa or residence authorization, the following documents must be submitted:
    • Business Project Report Request Form.
    • Copy of the Identity Document or Passport.
    • If the beneficiary is not the one submitting the application, include an authorization document allowing the representative to submit the documentation on their behalf, along with the ID or Passport of the Representative.
    • Beneficiary's Curriculum Vitae detailing their education and professional experience.
    • Business project intended for development in Spain, substantiating at least one of the following conditions:
      • Job creation.
      • Execution of an investment with socio-economic impact in the geographical area where the activity will be conducted.
      • Significant contribution to scientific and/or technological innovation.
    • Appointment of a Representative for the Management of the Business Project.
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What are the requirements to be taken into account?

  • Be 18 years of age or older.
  • Possess access to either public or private healthcare.
  • Demonstrate financial solvency for both the applicant and their family throughout their residency in Spain.
  • Have a clean criminal record in both Spain and the countries where the applicant has resided within the last five years.
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What are the steps you should follow?

Step 1. Fee Payment.

You are required to make the payment for the fee ( Rate 038 of model 790 ) banks, savings banks, and credit cooperatives. Having an account with the entity is not necessary for this payment.

Once the payment process is completed, ensure to acquire the Full Reference Number (NRC), which is essential for submitting your application.

Step 2. Download and provide the necessary documents.

Download, complete, and sign residence authorization application form for holders . If you are traveling with family members, fill out the application form for family members .

Visit the Online Portal of the Unit for Large Enterprises and Strategic Collectives and select the process "Submission of applications for international mobility residence permits under Law 14/2013." When choosing "Submit Application," follow the steps.

Step 3. Notification.

You will be notified of the status of your application via the email address provided during the registration process.

Do you need additional information?

Application form for family members  Format: .pdf. 194.21 KB
Application for the entrepreneur visa authorization Format: .pdf. 231.53 KB
¿Necesitas ayuda?

Need help?

Contact us for any question or suggestion
 

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Frequently asked questions

General and specific requirements outlined for each type of authorization must be fulfilled, as per the provisions of Law 14/2013. For a reference list of the required documentation, you can visit this link 

To qualify for long-term residency, you must meet the general requirements outlined in the Regulation of Organic Law 4/2000. The typical scenario involves having legally and consistently resided in Spanish territory for a period of five years.
Residency status will not be affected by absences from Spanish territory lasting up to six consecutive months, as long as the total sum of these absences does not exceed ten months (or one year in case of work-related absences) within the five-year period, unless the departures were irregular.
 

Yes, as long as the legal entity is domiciled in a territory not designated as a tax haven under Spanish regulations. Additionally, the applicant must possess the majority of voting rights and the authority to appoint and dismiss the majority of the board members. To substantiate this, the applicant must request a report from the Directorate General of Trade and Investments.

No additional investment is necessary for each family member.
The investment specified in Law 14/2013 (Article 63) allows the acquisition of the investor authorization. The holder of this authorization can, as outlined in Article 62.4, request authorization for their spouse and children under 18, or over five years old, who are objectively unable to meet their own needs due to health reasons, and who accompany the investor.
This authorization is dependent on that of the investor, and to obtain it, the investor must demonstrate compliance with general requirements. This includes proving that the investor has economic resources for their family (which can be evidenced through various means, such as income or assets) and providing adequate health insurance.
For instance, if a married couple purchases a property worth €1,000,000, both spouses can secure an investor visa. If the property is valued at €500,000, the primary buyer can obtain an investor visa, while their spouse can acquire a family visa, provided the investor demonstrates sufficient economic resources and health coverage for both.
If the property acquisition is specified 

You have two ways to obtain your investor authorization:

  • f you are currently outside Spain, you can apply for an investor visa at your resident country's consulate. This visa allows you to reside in Spain for up to one year. During this period, you can subsequently request a residence authorization from the Large Business Unit.
  • If you are already in Spain legally, whether on a short-term stay or holding a study or residence permit, you can directly apply for a residence authorization from the  Business Unit without the need for prior processing of an investor visa.
     

Concerning residence in Schengen countries, there is no differentiation between authorizations governed by Law 14/2013 and other residence permits.
Simply put, any foreign resident in Spain has the privilege of unrestricted movement within the territories of states adhering to the Schengen Agreement, provided the stay does not exceed three months within a six-month period. (At present, these states include Germany, Austria, Belgium, Denmark, Slovenia, Spain, Estonia, Finland, France, Greece, Netherlands, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Czech Republic, Slovakia, Sweden, and Switzerland.)
Essential documents for inter-country travel encompass a valid travel document (be it a passport or another recognized document) and the residence permit. Additionally, a declaration of entry into the respective state is mandatory.
For more comprehensive details, kindly refer to the Ministry of the Interior's website
 

Applications for initial authorizations and their renewals are processed at the Unit for Major Corporations and Strategic Collectives, a part of the Immigration Subdirectorate under the General Directorate of Migrations. This unit operates within the General Secretariat for Immigration and Emigration, a branch of the Ministry of Employment and Social Security, situated at Plaza de la Remonta, number 12, 3rd floor, Postal Code 28071, Madrid.

Requests for initial residence authorizations and renewals can be lodged at any public registry. Specifically, if preferred, submissions may be made at the registry of the General Secretariat of Immigration and Emigration, located at 39 José Abascal Street in Madrid. Additionally, applications can be submitted at the headquarters of the mentioned Unit for Large Companies and Strategic Collectives, situated at Plaza de la Remonta in Madrid. However, scheduling an appointment in advance is necessary in this case. Further details on appointment scheduling can be found on the website of the Unit for Large Companies.

Alternatively, applicants have the option to submit their requests online using a digital certificate through the electronic platform of the Ministry of Employment and Social Security, which provides comprehensive information on electronic processing.

The applicant for each type of authorization varies depending on the authorization category:

  • For initial authorizations:    
  • For investors and entrepreneurs, the applicant is the foreign individual.
  • For highly qualified professionals, researchers, or intra-company transfers, the applicant is the company or entity requiring the services of the foreign individual.
  • For family authorizations:
    • If the application is submitted together with the main applicant, the applicant is the main applicant (for investors and entrepreneurs) or the company or entity (for highly qualified professionals, researchers, or intra-company transfers).
    • If the application is submitted separately, the applicant can be one of the aforementioned or the family member themselves.
    • Renewals are submitted by the foreign individual holding the authorization (family members request the renewal of their own authorization).
       

Applications can be submitted by the interested party themselves or through a representative.
 

If submitting the application in person, bring both the original and a copy, with the UGE retaining only the copy. If submitting to a public registry, bring both the original and a copy, and send only a certified copy.

You can access the residence authorization application forms at this link.

The law stipulates the requirement of not being irregularly in Spain, so compliance with this requirement at the time of application is necessary. The residence authorization application will extend the validity of the residence or stay status held by the applicant until the resolution of the procedure.

Yes, it is possible, provided that the requirements for modifying an authorization set by the Regulations of Organic Law 4/2000 are met.

Yes. The fourth additional provision of Law 14/2013 establishes that residence authorizations allow both residence and work (both self-employed and employed).

While residing in Spain, foreigners must be covered either by the public health system or private insurance. Proof of insurance is not necessary if there is an expectation that the foreigner (along with their family members) will be covered by the National Health System due to enrollment in Social Security resulting from an employment contract or professional relationship.
For entrepreneurs, if the business activity is not starting immediately, insurance with limited validity (such as travel insurance, typically valid for three months) is acceptable.

In all other cases, individuals must have public or private health insurance arranged with an authorized insurance entity operating in Spain, providing coverage equivalent to that of the National Health System and for the duration of their authorization, or at least for a renewable one-year period (travel insurance is not considered valid).

For inquiries about Social Security contributions, you can visit the website.

All documents must be translated into Spanish. For foreign public documents, they must also be accompanied by the apostille from The Hague Convention, or if not available, legalized through diplomatic channels.
You can find more information on document legalization at the following links: