Legal tip 1016. Law on Foreign investments in Spain. Bit six

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29 Aug 2013 11:03 AM by mariadecastro Star rating in Algeciras (Cadiz). 9419 posts Send private message

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Legal tip 1016. Law on Foreign investments in Spain. Bit six 
28 August 2013 @ 13:14 
 

Article 68. Highly qualified professionals.

Companies requiring incorporation into Spanish territory of foreign professionals for the development of an employment or professional relationship included in any of the following circumstances, may apply for a residence permit for highly qualified professionals, which will be valid throughout the national territory,:

a) Highly qualified or management personnel,  when the company or group of companies meets any of the following characteristics:

1. º Average workforce during the three months immediately preceding the filing, of more than 250 workers in Spain, registered in the corresponding Social Security scheme.

2. º Annual net volume of business in Spain of 50 million euros, or volume of equity of  43 million euros.

3. º Gross investment annual average, from outside, not less than one million euros in the three years immediately preceding the filing of the application.

4. º Companies with a value of the investor stock  or position according to the latest data from the Foreign Investment Registry of the Ministry of Economy and Competitiveness  higher than three million euros.

5. º Belonging, in the case of small and medium-sized businesses in Spain,  to a sector considered as strategic.

b) Highly qualified or management personnel forming part of a business project involving alternatively, provided that the alleged condition based on this assumption are considered and credited, as of general interest:

1. º A significant increase in the creation of direct jobs by the company.

2. º Maintaining of employment.

3. º A significant increase in the creation of jobs in the sector or geographical area in which they will develop the activity.

4. º An extraordinary investment with relevant socio-economic impact in the geographical area in which the company will develop the activity.

5. º The concurrence of reasons of  interest to trade and investment policy of Spain.

6. º A significant contribution to scientific innovation and / or technology.

c) Graduates, postgraduates from universities and business schools of  great reputation.

 

 


_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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