Select business travelers will benefit from a new law that goes into effect today. The Act for Entrepreneurs, aimed at stimulating the economy, creates a new immigration route for property investors and streamlines the immigration process for:

  • Investors.
  • Entrepreneurs.
  • Highly qualified professionals at the management level.
  • Researchers.
  • Intra-company transferees.
  • Spouses and children (under age 18) of those who are eligible, as well as dependent family members over age 18 who have health concerns.

The new law broadens the definition of “large company,” which will make it easier for companies to sponsor expatriate employees. It also shortens the immigration process. Under the new law, successful applicants are exempt from the labor market test requirement.

More details about the new law and its implementation will be available soon. BAL will provide updates accordingly.

This alert has been provided by the BAL Global Practice group and our network provider located in Spain. For additional information, please contact GlobalVisaGroup@bal.com.

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