In 2024, Spain continues to be a leading immigration destination, with over 7 million foreign citizens. High living standards, quality healthcare, and developed infrastructure are key reasons for immigration. Its vibrant culture and Mediterranean climate make Spain appealing for both tourism and living.
iWorld clients highlight favorable conditions for studying and doing business in Spain. As the EU's 5th largest economy, Spain attracts foreign investors and entrepreneurs with friendly tax rates, grants, and subsidies. Immigrants seek to make Spain their home by obtaining a residency permit. iWorld experts and client reviews reveal popular residency programs.
Profitable ways to move to Spain
Spain is ideal for work, study, and business, attracting immigrants with its relaxed lifestyle and relatively low living costs. A temporary residence visa is an easy entry point to start a new life in Spain.
Those who wish to settle in Spain without engaging in business can apply for a Non-Lucrative Residence Visa, which does not permit work and is valid for one year. It is important to understand the requirements and how to apply. Reviews about iWorld indicate that this visa can also cover children and close relatives. Applicants must have a stable income and sufficient funds. No investment in the country's economy is required, and after 10 years, Spanish citizenship can be obtained.
Remote workers and freelancers can apply for the Spanish Digital Nomad Visa. Foreigners who are not citizens of EU and EEA countries can apply for this visa. Applicants must earn at least 2650 euros per month and have a minimum three-month contract with a client. The company must have existed for at least a year. The residence permit is valid for three years, extendable for another two years, with the possibility of applying for permanent residence and citizenship.
Spain's strong economy and strategic location benefit businesses, though understanding tax requirements can be challenging. iWorld lawyers guide clients through starting a business in Spain, including creating a business plan for the Ministry of Economy.
According to start-up owners and feedback from iWorld clients, low corporate tax rates and incentives encourage entrepreneurial activity. As a member of the EU and the Schengen Zone, Spain is interested in attracting qualified personnel. A resident receives a 3-year residence permit, and family members can register with the applicant. In the reviews, clients point out that lawyers also help in opening a bank account in Spain on favorable terms for the start-up.
iWorld: Customer reviews of the best programs
The number of immigrants to Spain increases annually, with residency programs catering to investment, business, and study needs. Spain's welcoming attitude toward foreigners simplifies obtaining a residence permit and adapting to a new place. iWorld clients find the Digital Nomad Visa and company registration particularly effective.
The Nomad Visa allows living and working in Spain, enjoying tax benefits, and traveling freely within the Schengen area. Residency status can cover the entire family. Clients highlight reasonable prices for rent, food, utilities, and internet as attractive factors.
The Startup Visa offers access to the European market, a favorable tax system, and no minimum investment requirements. Foreign entrepreneurs need to prove their project's innovation and apply to the Spanish Immigration Service. An iWorld client shared a positive experience of becoming a resident by registering a startup, highlighting the program's advantages and streamlined process:
"I wanted to realize a business project that I had been working on for a long time. I put my time and my heart into it. But unfortunately, I could not find the right resources and people. I focused on Europe and was interested in hubs. While working with lawyers, I learned about the possibility of becoming a resident of Spain by registering a startup. The specialists explained the advantages of the program and helped me to successfully confirm the innovativeness of my idea with ENISA".
The program appeals to iWorld clients because of its optimal processing time (about 3 months) and simplified procedure. Start-up entrepreneurs can operate in the EU common market without double taxation.
Advantages of residency programs according to iWorld lawyers
Spain boasts well-developed infrastructure, co-working spaces, and digital centers, fostering a collaborative environment for entrepreneurs. Applicants must consider tax obligations and ensure a stable income outside Spain.
Startup Visa benefits:
● Issued for three years, renewable
● Family members can also apply; however, they may be employed by a Spanish company or do freelance work outside the state
● Fast processing (up to 60 days)
● Government support for innovative projects