Residence Permit Conversion for Entrepreneurship
Program for Obtaining a Residence Permit Through Starting a Business
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This program allows you to either run an existing business or start your own business in Spain as a self-employed individual. To qualify, you need to:
- Write a convincing business plan
- Register as an entrepreneur
- After approval, conduct business with a turnover of at least €16,000 per year
To obtain this residence permit, you must:
- Provide a business plan
- Demonstrate that your business will positively impact the Spanish economy and generate income
- Show a bank statement with a minimum balance necessary to start the business (at least €16,000)
Advantages and Disadvantages of a Residence Permit for Entrepreneurs
- A reliable path to permanent residence (initial residence permit for 1 year + extension for 4 years;
- High approval rate;
- No requirement for high tax payments.
- Difficult to include children;
- Approval rates depend on the region;
- You must establish a business in Spain.
Key Requirements
El Relocator will handle everything for you and guide you through each step to help you obtain a residence permit by starting a business. We collaborate with two former business analysts who have extensive experience with residence permit and visa modifications and can prepare a business plan for the reviewing committee.
Documents Required for Obtaining a Residence Permit Through Business
To obtain an entrepreneur visa, a person must provide:
- Passport;
- Applicant's questionnaire;
- Bank statement from a Spanish bank showing a balance of at least €16,000; Proof of payment for the application fee (€76-152);
- Business plan approved by a recognized association of self-employed individuals in Spain;
- Proof of qualifications (diploma or resume);
- Documents showing registration as a self-employed individual (for those who are eligible).
A set of documents for a business plan:
- A brief description of the service you intend to provide and a preliminary development plan for the next 3 years;
- Proof of current address;
- Bank statement from a Spanish bank showing a balance of at least €16,000.
- Proof of incurred expenses through invoices (e.g., equipment purchases, hosting, website design) or a plan for future expenditures;
- Rental contract for premises, if required. Freelancers working from home can skip this, provided they include a photo of their workspace;
- Commitment letters for service agreements with future clients and a copy of the Spanish identification document of the signatory or an electronically signed contract. Net profit for the first year should be at least €16,000;
- Diplomas, certificates, etc., relevant to the service you plan to provide.
- Expert in residence permit modification for autónomos
- Specialist in startup visas for European countries and venture consultant
- Has worked in venture capital and strategy, helping early-stage projects attract investments, join incubators, and obtain startup visas
Consultation cost: Free
- Expert in residence permit modification for autónomos
- Specialist in startup visas for European countries and financial advisor
- Previously worked as an investment analyst at Gazprom before emigrating from Russia. Has helped startups develop in a technology park in St. Petersburg
Consultation cost: Free
How We Work?
- Passport
- Payment of the fee (depending on the tariff)
- Bank statement
- Proof of qualifications
- Prepare the business plan
- Manage the business plan evaluation process
- Provide consulting on obtaining documents
- Submit documents to the relevant authorities
- Assist in starting a business in Spain
Process of Modifying a Residence Permit to an Entrepreneurial Residence Permit in Spain:
*students open a sole proprietorship only after approval of the modification
Prices
- Business plan preparation
- Consultation on all documents
- Residence permit application
- Payment of state fees
- Payment for business plan accreditation
- Re-submission in case of refusal
- Opening of autónomo status (not required for Nomads)
- Development of a business concept from scratch/improvement of an existing one
- Handling of issues
- Consultation with a tax lawyer
- Assistance with contracts/support letters
- Checklist for extending and transitioning to permanent residence
- Submission for extending the entrepreneurial residence permit
Tariff comparison table
| Service | «Basic Package» | «Standard Package» | «Turnkey Package» |
|---|---|---|---|
| Business Plan Preparation; | |||
| Consultation on All Documents; | |||
| Residence Permit Application; | |||
| Application/Portal Interface Design (if applicable) | |||
| Payment of State Fees; | |||
| Payment for Business Plan Accreditation; | |||
| Re-submission in Case of Refusal; | |||
| Opening of Autónomo Status (not required for Nomads); | |||
| Development of Business Concept from Scratch/Improvement of Existing Concept; | |||
| Assistance with Contracts/Support Letters; | |||
| Handling of Issues; | |||
| Consultation with a Tax Lawyer; | |||
| Residence Permit for Children; | |||
| Checklist for Extension and Transition to Permanent Residence; | |||
| Submission for Extending the Entrepreneurial Residence Permit; | |||
| Price; | €3000 | €5000 | €8000 |
| Price for Spouse | +€1000 | +€1000 | +€1500 |
| Price for Child | +€500 | +€500 | +€750 |
| Payment Structure | 50% prepayment, 50% after project approval | 50% prepayment, 50% after project approval | 50% prepayment, 50% after project approval |
Business Plan Preparation
Duration: 30 days
- +45 days: Review and potential additional request;
- +10 days: Response to possible additional request;
- +20 days: Approval;
- +5 days: Scheduling fingerprint appointment.
Complete the application for the plastic card and pay the fee:
- +14 days: Submit fingerprints to the police;
- +30 days: Receive the plastic residence permit card.
FAQ about Residence Permit Modification for Entrepreneurs
If you still have questions, write to us!
- A certificate of social security payments;
- A bank statement;
- Income and expense reports for the last 2 quarters.
- Students: During the period when less than 60 days remain until the end of the residence permit and no more than 90 days after its expiration;
- Startup and Nomad: At any time during the validity of the residence permit.
- Along with the primary applicant, if they are also modifying their status and becoming autónomo;
- Through a separate business plan.
- Children can obtain a residence permit for schooling;
- A child can be included if they have lived in Spain for at least 2 years and have been absent for no more than 90 days during this period;
- Through the consulate in another country with an official representative (this process takes 2-5 months).
Risks and Challenges of Obtaining a Residence Permit by Starting a Sole Proprietorship
After reading forums, you're left with a jumble of contradictory advice.
The Consulate's website provides a general list of documents, but it’s incomplete since everyone’s situation is different.
You spend time, energy, and money collecting, translating, and legalizing documents.
You pay for rent in Spain, your child's school, and health insurance, all while risking a denial of your residence permit and losing the money you've invested.
Why Choose Us
Comments and Reviews
Find more successful cases in our channel @digital_nomad_easy
We applied for a residence permit, started in December, and had everything in hand by March. A family from Russia with two children, the entire process took just under three months: we arrived on 24th December, received approval on 17th…
Read moreI received a 3-year residence permit in the shortest possible time without a single question from the approving authorities at every stage. We started in November and finished in March (including the tourist visa). All documents were processed on time,…
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I'm incredibly grateful to the team for their outstanding work! My family and I recently received our long-awaited Digital Nomad residency cards. The process was seamless, without any additional requests! We submitted our application at the end of October, and…
Read moreI got my approval yesterday! I work as a freelancer for a company in Kazakhstan. I had started gathering documents on my own and was ready to apply, but then the rules regarding sworn translations suddenly changed. To avoid the…
Read moreHuge thanks to the entire @EL_POMOGATOR team for securing digital nomad residency for my spouse and me! We’ve already received approval and are flying to Spain for permanent residence next month. The team was incredibly responsible and exceeded all our…
Read moreHello everyone! This is a letter of gratitude to EL Relocator! We began preparing for the Digital Nomad visa in the fall of 2023. After gathering information online and exploring various consultants, we spoke with friends who had already moved…
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