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Discussion Starter · #1 ·
I am looking for an answer to one question here on this site and can't find it.

If I get a retirement visa, can I buy a business, run it and earn income in Spain?

Or does the retirement visa go to retired people who have no right to have income in Spain, even if they are self employed?
 

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I am looking for an answer to one question here on this site and can't find it.

If I get a retirement visa, can I buy a business, run it and earn income in Spain?

Or does the retirement visa go to retired people who have no right to have income in Spain, even if they are self employed?


No - a retirement visa doesn't allow you to work at all.

You can only buy or set up a business in Spain with an investment visa.
 

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Discussion Starter · #3 · (Edited)
Got it! Thanks.

What about buying property and renting it out?

But I can guess your answer. I would be able to get away with it for awhile but at some point someone might ask questions. By then I'd have the property but would be concerned about whether earning rental income might be a tax risk or not...or the tax officials might catch up with me.

I'll look for the page showing how to get an investment visa.
 

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Got it! Thanks.

What about buying property and renting it out?

But I can guess your answer. I would be able to get away with it for awhile but at some point someone might ask questions. By then I'd have the property but would be concerned about whether earning rental income might be a tax risk or not...or the tax officials might catch up with me.

I'll look for the page showing how to get an investment visa.
The only possible visa if you want to run any kind of business in Spain is an investment visa.

This on the Spanish Consulte in Miami gives more info Residence Visa for Investors/Self-Employed

iirc the 'required capital' is 500,000 €
 

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Discussion Starter · #6 ·
I looked up the investment requirements.

The minimum requirement for an investment in real estate is 500 K Euro investment.

The minimum for capital investment in government bonds is 2 million Euros and the minimum investment in shares in a Spanish business is 1 million Euros.

Which rules out the other idea I had, which was buying a business here. I don't have the means for any of these options.

As a non-EU passport holder, my only real option is to get the retirement visa and not work.
 

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Discussion Starter · #7 ·
"The only possible visa if you want to run any kind of business in Spain is an investment visa."

I could get a "lucrative visa" by committing to acquiring a business (or buyng one) that hires at least one Spanish national. A Spanish national also has to run it, on paper (usually a lawyer who does it for a fee). A business plan needs to be submitted along with other documents, after which I could get a visa giving me residency in Spain and work for the company I own.

There is no such thing as a retirement visa. Instead there is something called a "non-lucrative" visa. With it, the visa holder proves to the Spanish government he or she can finance their presence in Spain with some source of income.
 

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"The only possible visa if you want to run any kind of business in Spain is an investment visa."

I could get a "lucrative visa" by committing to acquiring a business (or buyng one) that hires at least one Spanish national. A Spanish national also has to run it, on paper (usually a lawyer who does it for a fee). A business plan needs to be submitted along with other documents, after which I could get a visa giving me residency in Spain and work for the company I own.

There is no such thing as a retirement visa. Instead there is something called a "non-lucrative" visa. With it, the visa holder proves to the Spanish government he or she can finance their presence in Spain with some source of income.
Some consulate websites call the non-lucrative visa a 'retirement visa', since one requirement is that you don't work in Spain.

Some consulates will only issue these visas to people with a passive income such as a pension, whereas others allow holders to fund themselves with offshore online work.

Similarly, some consulates call those visas where you are required to invest in a business, an 'investment visa', & others a 'lucrative visa'.
 
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