Spain
Self-employed residence visa Residencies Plan of Spain (Europe)
Self-employed residence visa
If you are planning to start a business, you must incorporate a company, obtain the correspondent licenses for your business activity and make the sufficient investment to carry out your business activity. There is no minimum investment amount, as it will depend on nature of the business and employees hired.
You must also have sufficient financial resources to at least upkeep the expenses required for your economic activity and your accommodation in Spain during the first year.
If you wish to work as a freelance or independent contractor you may be required to prove that one or more Spanish companies have enlisted your services.
The visa issued will have a validity of one year. Within one month of your arrival in Spain, you must apply for a residence permit, foreign national identity card and register as self-employed in the Social Security System.
The residence permit is usually issued for a period of 2 years, renewable, provided that you still meet the requirements and you have lived at least 183 days in Spain each year.
After 5 years holding the temporary residence permit, you will be eligible for permanent residency.
The permanent residency will entitle you to live and work in Spain indefinitely.
After 10 years of legal residency (temporary or permanent) you may be eligible for naturalization. To become a Spanish citizen, you will be required to commit to renounce your previous nationality, have financial stability, no criminal record, attend an interview and prove your degree of integration into Spanish society, e.g. knowledge of Spanish language, culture, values and participation in Spanish social activities.
Note that nationals of the Philippines, Andorra, Spanish-American countries, Equatorial Guinea, Portugal, as well as individuals with Jewish Sephardic origin, may be eligible for citizenship after two years of legal residency.
Requirements
- Be over 18 years old.
- Professional qualifications required for the professional activity to be carried out or sufficient experience for exercising that professional activity, together with the qualifications required for professions whose practice requires specific approval and a certificate of membership of the corresponding association in the case of independent professional activities for which association membership is required.
- Evidence of sufficient financial resources to implement the project.
- Business plan for the establishment or the activity to be carried out, indicating the estimated investment, expected profitability and, if applicable, the number of jobs expected to be created.
- List of authorizations and licenses required for installing, opening and operating the planned activity or professional practice, indicating the status of the procedures for obtaining those authorizations or licenses, including, where applicable, proof of application to the corresponding offices.
- Company incorporation documents (if applicable).
- Lack of criminal records proved by a certificate issued by the competent authorities of the countries you have resided during the five years prior to submitting the application.
- Not be in Spain with irregular immigration status.
Restricted Nationalities
European Economic Area
dual citizenship
Spain only recognizes dual citizenship for nationals who have acquired Spanish nationality at birth. Naturalized citizens must renounce their previous nationality, except those from countries with which Spain has concluded a double-nationality agreement. Currently, citizens of the following countries may become Spanish naturalized citizens, without giving up their previous nationality: Andorra, Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Equatorial Guinea, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Portugal, Puerto Rico, El Salvador, Uruguay and Venezuela.
Documents Required
- Original or Certified copy of Birth Certificate (if applicable)
- Original Police Clearance Certificate
- Original or Certified copy of Marriage Certificate (if applicable)
- Medical Certificate
- One passport-size photo
- Business Plan
- Certified copy of Business License or Incorporation documents (if applicable)
- Professional and academic certificates (if applicable)
- Receipt of payment of fees
- Original Bank Reference Letter (Not older than 6 month)
- Bank Statement
- Original and photocopy of passport
- dual citizenship No
- Family members included Yes
- land ownership Yes
- Physical residence required Yes
- Personal visit required Yes
- Language skills required No
- Interview required No
- Investment Single -
- Investment Family 4 -
- Minimum annual income -
- Time to citizenship 120
- Time to permanent residency 60
- Visa-free countries 174
- Financing available No
Spain
The Kingdom of Spain is a transcontinental country and member of the European Union. It is located to the south of western Europe and to the north of Africa. Its territory is organized into seventeen autonomous communities and two autonomous cities, with diverse geography and cultures. In Europe, it occupies most of the Iberian peninsula, known as peninsular Spain, and the archipelago of the Balearic Islands, and two autonomous citiesand an autonomous regionin Africa. The peninsular territory shares land borders with France and Andorra to the north, Portugal to the west and the British territory of Gibraltar to the south. In its African territories, it shares land and sea borders with Morocco.It is inhabited by 46 million people. Its capital and most populated city is Madrid, with over 3.1 million inhabitants. Other important cities include Barcelona, Valenciaand Seville. Its official language is Spanish, along with four co-official regional languages, Catalan/Valencian, Basque, Galician and Aranese. Its official currency is the Euro.
- National Flag of:Spain
- Currency:EUR
- Area Code:34
- Capital:Madrid
- Continent:Europe
- Native Languages:Spanish, Catalan, , Basque,
- Population:46,505,963
BENIFITS
With your new passport from Spain you'll be able to access 174 countries visa free
citizenship benefits Become an EU citizen with the right to live work do business invest own property and access to healthcare and education benefits throughout the European Union Visa-free or Visa on arrival to 174 countries including United States Schengen Area United Kingdom Get one of the most valuable passport worldwide Passport with optimal reputation Visa-free access to the United States permanent residency benefits The right to live and work in Spain without any time limit Be eventually eligible for citizenship Access to healthcare and educational benefits temporary residency benefits Potentially profitable investment Peaceful democratic and politically stable country Warm climate High quality of life Be eventually eligible for permanent residency Travel visa-free across the European Union Access to healthcare and education system Low cost of living Set up a profitable businessFEES
ITEM | AMOUNT |
---|---|
government fees main applicant | €3 |
000 | |
processing fees main applicant | €3 |
000 |
TAXES
To be a tax-resident in Spain, you must spend more than 183 days in the country during a calendar year or have your center of economic activities located there, if it is not stated otherwise in a tax treaty.
Tax-residents are subject to Personal Income Tax on their worldwide income.
PIT is levied at progressive rates by the state and each autonomous region. The lowest combined top marginal tax rate is 43.5% in Madrid (on annual income exceeding €60,000), and the highest is 48% in Catalonia (annual income exceeding €175,000.20) and Andalusia (annual income exceeding €120,000).
Savings income is taxed at progressive rates between 19% and 23%. This includes capital gains and investment income such as dividends and interests. Rental income is taxed at personal income tax general rates.
Non-residents are subject to Non-resident income tax at a flat rate of 24% on income from Spanish sources. If a non-resident is a resident within the EEA that has concluded a tax exchange of information agreement, he or she will be subject to a reduced rate of 19%. Regarding dividends, capital gains and interests, they are subject to a 19% tax, unless the tax rate is reduced under a tax treaty.
Spain has enacted extensive controlled foreign company (CFC) rules, under which income retained in a non-EU controlled foreign company may be attributable.
Municipalities levy a real property tax up to 1.3% on the cadastral value of property. Transfer of real properties, which are not subject to V.A.T., may be taxed at a 6% tax rate, although this may vary according to each autonomous region.
Inheritance and gift tax ranges from 7.65% to 34%, although it may be higher in some autonomous regions.
Net worth tax is levied at progressive rates between 0.2% to 2.5%. Each autonomous region sets its own minimum amount exempt and its own scale rates. Madrid does not levy net worth tax.
The V.A.T. standard rate is 21%. Certain goods and services are taxed at 10%, 4%, 0% or are exempt.
Regarding corporate taxation, resident entities are subject to 25% income tax on their worldwide income. To learn more about Spanish corporate taxation, legal framework and tax treaties, visit incorporations.io/spain.
TAX ITEM | DESCRIPTION |
---|---|
Property tax | Yes |
Transfer tax | Yes |
Inheritance tax | Yes |
Net worth tax | Yes |
CFC law | Yes |
Tax residency days | 183 |
Personal income tax rate | 48% |
Capital Gains tax rate | 23% |
Investment income tax rate | 23% |
Territorial taxation | No |
Spain immigration, Spain start-up investment visa, Spain investment immigration, Spain self-employed immigration, Spain entrepreneurs visa, Spain golden visa, Spain real estate immigration, Spain bank deposit immigration, Spain active business investment, Spain bonds immigration, Spain entrepreneurship immigration, Spain pension immigration, Spain proof of income immigration, Spain Passive Income immigration, Spain Private equity immigration, Spain Venture capital immigration, Spain second citizenship, Spain visa, Spain citizenship, Spain RESIDENCY, Spain education, Spain Citizenship by investment, Spain Residency by investment, Spain Immigration by investment, Spain Rural and Northern Immigration Pilot,