Question
“Is it possible to establish a company in Spain under my name while I hold a Spanish non-lucrative visa?”
Answers
These are the answers of Spainguru’s Facebook group members:
“A top contributor noted that what might be referred to is the Spanish Non-Lucrative Visa (NLV), under which owning a company is allowed as long as no work is done nor wages taken by the visa holder.”
“Another contributor emphasized that on a Spanish Non-Lucrative Visa, not only is it disallowed to work for or receive money from the company, but the act of establishing the company itself constitutes work and would disqualify one from the NLV.”
Conclusion
The discussion within the group brings to light that while holding a Spanish Non-Lucrative Visa in Spain, establishing a company under one’s name is feasible under strict conditions. The key stipulation is that the visa holder cannot actively work for the company or receive any form of income from it.
This clarification is crucial for those looking to maintain their NLV status while also wanting to venture into business ownership in Spain. It underscores the importance of adhering to the conditions set forth by the visa to avoid any legal repercussions.
