For many Britons dreaming of a life in the Spanish sunshine, two visa options tend to dominate the conversation: the Digital Nomad Visa and the Non-Lucrative Visa. The former has become popular among remote workers employed by overseas companies, while the latter appeals to retirees and those with sufficient savings to support themselves without working. But there is a third option that often flies under the radar – Spain’s Entrepreneur Visa.

Designed for people with innovative business ideas, the Entrepreneur Visa allows foreign nationals to move to Spain to launch a project that is considered to be of economic interest to the country. Unlike the Digital Nomad Visa, which is aimed at those already earning an income from abroad, this route is focused on creating something new within Spain. It is particularly suited to founders, start-up owners and entrepreneurs looking to establish a presence in one of Europe’s largest economies.

The visa also offers advantages for families. Spouses or partners, dependent children and, in some cases, dependent parents can be included in the application. Successful applicants are granted the right to live in Spain for up to three years while developing their business, making it an attractive option for those planning a long-term move rather than a temporary relocation.

There are, however, several requirements to meet. Applicants must secure approval for their business proposal and demonstrate that it is innovative and capable of delivering economic benefits to Spain. Supporting documents include a valid passport, proof of health insurance, criminal record certificates and a residence permit issued by Spain’s Large Companies and Strategic Groups Unit. As with most immigration routes, the paperwork can be extensive, but successful applicants may find the process worthwhile.

While the Digital Nomad Visa and Non-Lucrative Visa continue to attract the most attention, Spain’s Entrepreneur Visa remains one of the country’s lesser-known residency routes. For aspiring business owners with a strong idea and ambitions to build a company in Europe, it could offer a pathway not only to launching a venture but also to starting a new life in Spain.