Companies that establish themselves in Tenerife and need to bring in foreign workers who have neither residence nor work permit in Spain, can request a permit in favour of such worker.
Two different cases are contemplated: The case of workers from a company located outside Spain to another company of the same group in Tenerife, or the direct hiring of highly qualified workers at origin and subsequent posting to Tenerife.
Foreigners wishing to start a business project may apply for a visa or a residence permit for entrepreneurs, for which they must submit a business plan with a full description of the activity to be carried out, as well as the professional profile of the entrepreneur and the financing planned.
Foreigners who make a significant investment in Spain are eligible for the visa and residence permit for investors. It is understood as such:
Euros in real estate
Euros in ownership interest in a Spanish company
Euros in a bank deposit or financial products
Euros in Spanish public debt