Funding Programme for Start-up Companies in Spain

Foreign investments in Spain are sustained through various funding programmes or tax reliefs offered by the local authorities. A programme launched by the Spanish authorities is aiming at foreign businessmen who are interested in company formation in Spain. The programme, called “Rising Start-up Spain” has the objective to develop the local market and various industries by investing in start-up companies, which can receive a funding of EUR 10,000. Businessmen interested in receiving more details referring to the registration procedure can address to our team of company formation representatives in Spain. 

 

 

Before applying for the funding received through the programme, the foreign businessmen should have already established their companies in Spain, but businesses in the process of registration are also accepted. Those which were incorporated here should have a financial activity of maximum one year. 

 

At the same time, such companies should meet a set of criteria in order to qualify for the EUR 10,000 funding. 

 

The first requirement stipulates that the company’s capital must be owned in a proportion of at least 10% by a foreign shareholder or a person who is not a Spanish resident; our team of company formation agents in Spain can offer more details on the shareholders’ legislation in Spain. 

 

 

The foreign companies registered in Spain will receive assistance for a period of six months, which is considered an incubation period. Besides the funding of EUR 10,000 per company, the investors will also receive specialized assistance for entrepreneurship matters. However, the investors will receive the sum of money only if the company’s costs will reach EUR 25,000 in the six months period. 

 

Companies will also be sustained in finding a suitable office in some of the largest cities of Spain, Barcelona and Madrid.  

 

The deadline to submit the applications is set up on 30th of September 2016.

 

Businessmen interested in receiving more details on the funding programmes available for foreign companies in Spain can contact our team of company incorporation consultants in Spain.