Our attorneys at the offices of Tolentino Immigration Attorneys can help you process the application for intra-corporate transfer visa and authorization. Here we link the requirements and formalities, if you still have any doubts, do not hesitate to contact us via our FREE INQUIRY and an specialist immigration lawyer will respond you as soon as possible.
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Foreigners who make a significant economic investment in Spain. This investment must fulfill any of the following requirements:
- Real Estate goods in Spain that are worth 500,000 € or more (net of charges and taxes)
- Public debt securities : minimum 2 million €
- Spanish companies’ shares or Spanish bank deposits: minimum 1 million €
- Business projects in Spain considered to be of public interest reasons. Such projects must either:
- Create jobs in Spain
- Have an important socio-economic impact in the geographical area in which the employment activity is to be carried out
- Have a significant contribution to scientific and/or technological innovation
How?
Directly by the foreigner or by a company. In this case:
- The applicant must have the majority of the company’s voting rights.
- The applicant must be able of appointing or dismissing the majority of the members of its Management Board
- The company must not be registered in a tax haven.
Process
Applying for an investor visa. This visa will allow the foreigner to enter and stay in Spain for a maximum period of one year.
Where?
The Spanish Consulate of the applicant’s place of residence (in person or by a duly accredited representative).
How long?
The process will be resolved in maximum 10 days (except for countries where an additional query is required).
Documents:
- Application form.
- Documents showing that general requirements are fulfilled (valid passport, medical certificate, health insurance, policy records, proof of economic means…).
- Application fees.
- NIE number (Foreigners Identification Number): if the applicant does not have a NIE number yet, he will have to apply for it when applying for the visa.
- Evidence of having made the investment: This document depends on the specific type of investment.
Evidence, documents of having made the investment
- Real estate goods: Certificate with information of possession and charges of the Property Registry. If at the moment of the visa application, the property is still been registered, Certificate of the Property Registry stating that the acquisition document has been submitted and certif icate of tax payment.
- Spanish public debt securities: Certificate of the financial entity or the Banco de España stating that the applicant is the only title holder of the investment during at least 5 years.
- Spanish companies’ shares: Unquoted shares: investment declaration of the Foreign Investments Registry (Ministry of Economy and Competitiveness). Quoted shares: certificate of the financial intermediary,stating that the applicant has made the investment according to this rule.
- Bank deposits in Spain: Certificate of the financial entity stating that the applicant is the only title holder of the bank deposit.
- Business projects in Spain considered to be of public interest reasons: Favorable report issued by the Spanish Economic and Trade Office of the Embassy of Spain in charge of the territory where the person submits the application.
Applying for an investor authorization
This authorization will be valid for two years and it can be renewed for further terms of two years, if the investment is maintained.
Where?
The application is made in the Spanish Unit for Large Companies (Madrid), directly or by a duly accredited applicant.
How long?
The process will be resolved in maximum 20 days.
Stay requirements?
The authorization holder will not need to stay a minimum period in Spain to renew it. Travelling once to Spain during the residence period will be enough. Nevertheless, the investor can choose to have continued legal and fiscal residence in Spain. In this case, after five years, the foreigner will be a ble to apply for a long-term residence permit. The minimum stay will be then 183 days per year and a maximum time out of Spain of ten months within those five years.
If you have any doubt about this matter, or you are thinking about investing in Spain to get the visa and residence authorization, please do not hesitate in contact our e via our free inquiry.
Tolentino Immigration Attorneys 2015
