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IMPACT – Medium
What are the changes? A new Spanish law allows investors, entrepreneurs, researchers and graduates to receive work permits if the individuals meet certain requirements. The criteria for each of the new categories of workers are updated below.
Background: The changes are part of the Act for Entrepreneurs, approved by Spain’s Congress on Sept. 19, 2013, aimed at attracting foreign investment by creating new categories of workers eligible for expedited work permits.
The specific criteria are listed below for each type of applicant.
Investors Must have one of the following:
Researchers Includes those engaged in scientific or technological work, university lecturers for schools and other educational institutions located in Spain, and researchers from private and public organizations.
Entrepreneurs Must work in a sector that Spain has targeted for development.
Graduates Graduates or postgraduates of prominent universities or business schools may qualify. Please contact BAL for more details.
BAL analysis: The new law provides new avenues for business startups, real estate and business investors, researchers and graduates to do business in Spain and qualify for faster processing of work permits.
This alert has been provided by the BAL Global Practice group and our network provider located in Spain. For additional information, please contact GlobalVisaGroup@bal.com.
Copyright © 2016 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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