Spain and other countries in Europe offer to foreign entrepreneurs residency and work permit. Individuals wishing to reside in Spain and to set up or acquire a company there must apply for a temporary residence permit and a work permit as anentrepreneur. De Micco & Friends supports all services such as company set up, company bank account set up, interim directorship, applications, notarizations, tax registration, preparation of legal forms, audit and accounting to individuals who like to get a residency and work permit in Spain. Learn more in this article about the conditions and procedures.

1. De Micco & Friends Spain
Av. Joan Miro 188 E ▪ 07015 Palma de Mallorca
eMail: palma@demicco.es
Phone: +34 871 944 532
Fax: +34 871 944 737
Web: www.lawyers-auditors.com
IMMIGRATION TOSPAIN FOR ENTREPRENEURS
Spainofferstoforeignentrepreneursresidencyandworkpermit.Individualswishingtoreside inSpainand
to set up or acquire a companythere mustapplyfor a temporaryresidence permitandawork permitas
anentrepreneur.De Micco& Friendssupportsall servicessuchascompanysetup,companybank account
setup, interimdirectorship,applications,notarizations,tax registration,preparation of legal forms,audit
and accountingto individualswholike togeta residencyandworkpermitinSpain.
The firststepis to incorporate or buy a companyin Spain.Individualswholike toapplyfora residency
and workpermithave toproof thattheyhave a companyand thattheyare 100 % shareholders.The
company formcan be a SpanishS.L.(limitedcompany)oran S.A.(corporation).Asthe minimumcapital of a
S.L. is3,000 Euro onlyinthe most casesit’srecommendabletosetupa S.L.Afterthe company registration
the capital can be used.
A companysetup includingregistrationstakesabout4-6 weeksdependingbythe neededauthorisations
and powerof attorneys.If the owneranddirectorispresentthe setup takesaboutone to two weeks.To
make the proceduresfasterDe Micco & Friendsoffersreadytouse cleancompanies(shells) whichare free
of any charges andreadyto use.
THE REQUIREMENTS
 Individualsmustmeetthe conditionsincurrentlegislationfornationalsregardingopeningand
operatingthe plannedactivity(inadditiontoincorporatingthe company,individualsmayhave to
 followotherprocedures,suchasobtaininglicences).Formore detailsaboutbusinessprocedures,
 please askforour practical data sheet“Setup a companyin Spain.De Micco & Friendscaresfor all
 procedurestosetup a company.
 Individualsmustprove thatthe estimatedinvestmentforthe projectissufficient,andits
effect,
 where applicable,onthe creationof employment.There isnominimuminvestmentamount
 indicatedforthis.Itdependsonissuessuchasthe setupand maintenance coststhatmustbe paid.
 Individualsmustprovide aforecastof fundsrelatingtothe activitytobe carriedout, sothat
the
 activitywill have sufficientfinancialresourcesasfromthe firstyear,at leasttocover the interested
 party's accommodationandupkeepafterthe expensesrequiredforthe maintenance of the activity
 have beendeducted.
 Individualscannothave criminal recordsinSpainorinothercountriesof residence withinthe
past
 five yearsbefore the application.
 Individualscannotbe inan illegal situationinSpain.
 Freelance orself-employedworkersmightbe requiredtoprove thatone or more companies
have
 hiredtheirservices.
In these cases,the professional qualificationsrequiredforthe professional activitytobe carriedoutor
sufficientexperience forexercisingthatprofessional activitymustbe provided,togetherwiththe
qualificationsrequiredforprofessionswhosepractice requiresspecificapproval anda certificate of
membershipof the correspondingassociationinthe case of independentprofessional activitiesforwhich
association membership is required.

2. Page 2 of 4
De Micco & Friends Spain
Av. Joan Miro 188 E ▪ 07015 Palma de Mallorca
eMail: palma@demicco.es
Phone: +34 871 944 532
Fax: +34 871 944 737
Web: www.lawyers-auditors.com
THE APPLICATION PROCESS
The followdescribesthe applicationprocessforaresidence andworkpermitasan entrepreneur,which
enablesaforeigncitizentoreside inSpainasaself-employedworker.
However, before the process,the foreigncitizenmust incorporate orbuy a companyinSpain.It’s
possible
to incorporate orbuy a companyin SpainwithoutpresenceorresidinginSpainbynotarizedpowerof
attorneys.
After the foreigncitizenhasacquiredorsetup a companyin Spain,he mustapplyforthe permit.
APPLICATION FOR A RESIDENCE AND WORK PERMIT AS AN
ENTREPRENEUR
The applicationfora residence andworkpermitandanentrepreneurisavailable atthe Spanish
consulate
in the applicant’s country of residence.The Spanishoffice of representationof yourplace of
residence you
can localize atthiswebsite:
http://www.exteriores.gob.es/Portal/en/ServiciosAlCiudadano/Paginas/EmbajadasConsulados.aspx
Anyforeigncitizenwishingtoreside andsetupa companyinSpaininpersoncan applicate.
REQUIRED DOCUMENTATION (translatedintoSpanish):
Completedapplicationformfora temporaryresidence andworkpermitasa self-employedworker.
ValidPassport.
Qualificationorevidence of the trainingrequiredtopractise the profession,andwhere applicable,
dulyapproved.
Evidence of sufficientfinancial resourcestoimplementthe project.
Businessplanforthe establishmentorthe activitytobe carriedout,indicatingthe estimated
investment,expectedprofitabilityand,where applicable,the numberof jobsexpectedtobe created.
De Micco & Friendscan provide youwithabusinessplantemplate.
Listof authorisationsandlicensesrequiredforinstalling,openingandoperatingthe plannedactivity
or professional practice,indicatingthe statusof the proceduresforobtainingthose authorisationsor
licenses,including,where applicable,proof of applicationtothe correspondingoffices.
Paidapplicationfees(amountaccordingtothe consulate towhichthe applicationissubmitted).
APPLICATION FOR A RESIDENCE VISA
The applicationfora residence visais available atthe Spanishconsulate inthe applicant’scountryof
residence.

3. Page 3 of 4
De Micco & Friends Spain
Av. Joan Miro 188 E ▪ 07015 Palma de Mallorca
eMail: palma@demicco.es
Phone: +34 871 944 532
Fax: +34 871 944 737
Web: www.lawyers-auditors.com
Anyforeigncitizenwishingtoreside andsetupa companyinSpaininpersoncan applicate forthe
residence
visa.
Applicantsmustsubmittheirvisaapplications within a maximum of one month fromthe date of
notification
of the approval of the temporaryresidence andworkpermitasa self-employedworker.
REQUIRED DOCUMENTATION (translatedintoSpanish):
Applicationforanational visa.Clickhere todownloadthe applicationform
Passportwithaminimumvalidityof fourmonthsanda copy
Updatedcertificate of criminal recordsissuedbythe competentauthoritiesof the countrieswhere
the interestedpartyhasresidedduringthe fiveyearsbeforesubmittingthe application
Updatedmedical certificate
The Applicantsmustcollectthe visainpersonwithinamaximumof one monthfromthe date of
notification.
APPLICATION FOR A RESIDENCE CARD FOR FOREIGNERS
In the nextstepthe visaholder(inperson) hasto applyfora residence cardinSpain.De Micco & Friends
will
supportthe applicantinall procedures.
REQUIRED DOCUMENTATION
Applicationformforaresidence cardfor foreigners
Passport
Copyof visaand entrystamp.
Three photos
Officialnotificationof approval (workpermit)
Documentcorrespondingtoregistrationasaself-employedworkerwiththe SpanishSocial Security
system
Registrationof residency:registrationof the official addresswiththe local authorities(cityhall
registration)
Paymentof fees:residence card(SpanishacronymTIE) documentingthe temporaryresidence permit
The costs and fees
Each immigrationcase isdifferentandneedsanindividual supportandconsulting.If the applicantcan’t
travel
to Spain(forexample byatouristor businessvisa) some notarizedpowerof attorneysare necessary.All
notarizationshave tobe deliveredwithan apostille of Den Hague or if not available inthe countrybya
notarizedconfirmationof the local Spanishconsulate.
Company set up for foreign shareholders and directors, including:
- Developmentof powerof attorneysforthe applicationof the NIE(registrationnumberforforeigners)
- ApplicationaboutNIEforthe entrepreneur
- Registrationof the NIEat tax authorities
- Applicationforaname of the company(all companynameshave tobe authorizedbythe central
commercial register in Madrid)

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De Micco & Friends Spain
Av. Joan Miro 188 E ▪ 07015 Palma de Mallorca
eMail: palma@demicco.es
Phone: +34 871 944 532
Fax: +34 871 944 737
Web: www.lawyers-auditors.com
Bank account opening in the name of the company
- Bank certificate as proof of paid capital
- Development of the company statutes and directors rules
- Notarization of the company statutes (with shareholders and director)
- Registration of the company at the authorities (mercantile register)
- Application of the final company tax number
Fix fee: 3,800,00 Euro
Interims director
Interims director for the company with residency in Spain which cares for all set up procedures until the
applicant gets his residency (lawyer or auditor of De Micco & Friends)
Fix fee: 1,000,00 Euro
Please respect that the company capital about 3,000 Euro has to be paid by the shareholder to the
company bank account. The company capital is not a fee and can be used by the shareholder after the
company registration.
Buy an existing company
To safe time insome casesit makessense to buy an existing company by acquiring 100% of the shares. De
Micco & Friends offers registered clean, never used companies including director, company address,
operative bank account.
Fix Price for a registered company including director: 4,800,00 Euro
Fees for shareholder and directors changes, including:
- Development of power of attorneys for the application of the NIE (registration number for foreigners)
- Application about NIE for the entrepreneur
- Registration of the NIE at tax authorities
- Development of the contract about the transfer of shares to the new shareholder
- Development of the nomination of the new director
- Notarization of the new company statutes with shareholders and director
- Registration of the new company statutes at the authorities (mercantile register)
Fix fee: 1,500,00 Euro
For any further question please contact us by eMail at office@demicco.ch or visit our website at
www.lawyers-auditors.com.