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IMPACT – MEDIUM
What is the change? Immigration authorities have announced specific amendments to the Mobility Section of the Entrepreneurs’ Act that set out specific criteria for entrepreneurs, investors, researchers, and ICT permit applicants applying for work permits in Spain.
The specifics:
Background: The Entrepreneurs’ Act entered into force on Sept. 30, 2013 and aims to boost the economy by attracting high-skilled foreign talent.
Analysis & Comments: Investors, entrepreneurs and researchers should account for the financial qualifications required to apply for a work permit as well as the new document requirements. Additionally, the above-mentioned applicants should be sure to obtain a valid health insurance policy prior to applying for a renewal permit. Failure to do so will lead to the rejection of the application.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
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