Moving to Spain as an entrepreneur, getting tax benefits, and starting your business there sounds like a dream. Yet, this dream comes with a good share of hard work that starts with an idea, continues with the application for a Spain startup visa, and ends with bringing the idea to life.
It might seem easy, but the idea should be converted into a comprehensive business plan approved by ENISA. Only this way can you apply for a visa. Here are some tips on how to convince ENISA to give you a chance.
How to Build a Business Plan That Wins ENISA Approval?
Step 1: Nail the Innovation Criteria
ENISA searches for innovation, so make sure to give it to them. Whether it’s in your product, service, or business model, make sure to highlight this part of your business plan.
Also, do not be afraid of speaking about what sets you apart. It can be a proprietary technology, patented solutions, or unique processes that solve real problems. Any of those can guarantee you an approval.
Given the statistics, ENISA tends to favor sectors like green tech, AI, digital health, and cybersecurity. If you’re in one of these spaces, make it known. Thus, if you are still in search of a startup idea, think in one of those directions.
Step 2: Market Analysis That Shows You Belong
A solid SWOT analysis and a close look at competitors show that you understand how businesses work and where your place is in this ecosystem.
Make sure to explain how your solution fills a gap others haven’t filled. Consider adding testimonials, pilot results, or letters of interest from potential Spanish clients to build credibility.
Step 3: Finances That Inspire Confidence
Outline your funding sources. Whether it’s personal capital, angel investors, or bank loans, show how you plan to scale sustainably. For this part, it might be useful to rely on tips provided by professional relocation services like Migrun to receive an expert opinion and the support necessary for a future visa application.
Align your financial plan with ENISA’s co-financing expectations. Moreover, highlight your economic impact in Spain:
- job creation potential;
- export opportunities;
- contribution to innovation and digital transformation.
All of those count for you to receive a positive verdict.
Step 4: Founder Profile That Matches the Mission
Your founder profile should reflect the expertise, drive, and execution ability needed to bring your vision to life. Share your academic background, industry experience, and any past activities that show you know how to build and scale. Emphasize your adaptability and commitment to long-term growth in Spain. Thus, mention the following:
- willingness to integrate into the local ecosystem;
- plans to hire locally and collaborate with Spanish partners;
- vision aligned with Spain’s innovation goals.
As you can see, a solid business plan is not just paperwork. It is the foundation of your visa success, so you should go the extra mile if needed to ensure it is as perfect as possible.
It shows ENISA you are serious, prepared, and ready to contribute. So, do not hesitate to seek expert feedback or use professional tools to make your business plan impeccable.
