🇪🇸 Spanish Business Ecosystem: Insights And Possibilities On Expanding Your Business
2024-06-29 16:50
Why launch your business in Spain or invest there?
🔗 Connectivity: a solid business ecosystem with more than 70 technology parks and 250 Spain-based VC firms.
💶 Agreements with Latin American countries and countries in Africa and the Middle East to avoid double taxation.
🌐 Spain is an excellent hub to do business with and expand your enterprise to Latin America, Northern Africa, and the Middle East.
🫶 More than 5 public programs to support entrepreneurship; 20+ active business accelerators; countless regional programs; 250 Spain-based VC firms.
📈 $3b Record-shattering funding for startups in 2021 as compared to pre-pandemic $800m, demonstrating rapid economic growth and interest in innovation.
🥗 Needless to say, the impressive quality of life: Spain is the #1 European country in the InterNations index.
Why Rising Up in Spain program?
The Rising Up program is designed and managed by the ICEX, Spanish Institute for Foreign Trade. The program is called to life to connect promising startups with the Spanish ecosystem to be successful and scale. The real needs of entrepreneurs in the Spanish market are paramount, and so program participants get:
Legal advice, including entrepreneur visa support;
Customized acceleration: mentorship, trainings, information on local support programmes;
Unique access to investors in Spain at events such as Startup Olé, Food 4 Future, South Summit, and many more;
Media visibility for your tech;
Networking at events for startups in your sector, fostering local business partnerships with the corporate, co-working spaces, incubators & accelerators, and technology parks/centers.
A stepping stone to jump into the Latin American or other connected markets.
The projects are selected by the following criteria: professional qualifications and experience of the management team, general viability and viability of investment in Spain, product scalability, and the degree of technological innovation.
Entrepreneurs' and startups' visa regulations
Under the entrepreneur law, business people can apply for the following types of visas to stay in Spain:
Entrepreneur visa,
International remote working visa,
Highly qualified professionals visa, or the
Investors visa.
Obtaining the entrepreneur visa requires proof of sufficient economic resources to support yourself in Spain for at least one year.
The startup visa requires a qualification process by the following criteria: professional qualifications and experience of the management team, general viability and viability of investment in Spain, product scalability, and the degree of technological innovation. As these criteria are the same as those of the Rising Up in Spain program, participants of the program don’t need to go through the same process separately.