To obtain a residence permit with the right to self-employment in Spain, the key criterion can be called "sufficiency."
When reviewing an application, they assess whether you can financially support yourself and your family, successfully launch and maintain a business.
Three components are important:
1. "Sufficiency" of the planned income from entrepreneurial activity
2. "Sufficiency" of investments in the business for its successful launch and further operation
3. "Sufficiency" of financial resources for living and supporting the family in case the business "doesn't work out"
Let's examine these parameters in more detail:
Planned Business Income
It is recommended to show from 100% SMI (minimum wage in Spain) for the applicant + 50% for each dependent family member (we're talking about net profit, not revenue). Logically, in the first months the profit may be lower, but you shouldn't experiment with small amounts either. Optimally — 900-1000 € in the first month.
Business Investments
Even if there are no large investments, it's important to show work expenses. For example, furniture (desk, chair), computer, software licenses, paid software. If you have an SL registered — attach invoices for company registration.
Sufficient Funds to Cover Living Costs
Minimum — 1 annual IPREM (subsistence minimum), approximately 7000-8000 €. Better – from 10,000 €. And also 50% of IPREM for each dependent family member. The business plan needs to specify that these funds are available.
It's important to understand that there are no clearly established financial criteria in the legislation, requirements may vary depending on the specific case and region of application submission.
Information about the required amounts and documents is based on current immigration service requirements and our experience with application submissions.
